HK Stock Market Move | TIANGONG INT'L (00826) rises over 7% in the afternoon, with annual net profit increasing by over 11% year-on-year, and gross profit margin of tooling steel rebounding.

TIANGONG INT'L (00826) rose more than 7% in the afternoon trading, as of the time of writing, it rose by 7.42% to 3.33 Hong Kong dollars, with a turnover of 41.12 million Hong Kong dollars. On the news front, TIANGONG INT'L released its annual performance. The full year revenue was 4.719 billion yuan; the net profit attributable to shareholders was 400 million yuan, a year-on-year increase of 11.5%. During the period, the performance of tool and die steel benefited from the growth in domestic demand, especially the strong demand for high-speed steel, driving the overall revenue performance of tool and die steel to be relatively stable, with revenue of approximately 3.084 billion yuan. It is worth noting that the gross profit margins of tool and die steel and high-speed steel in 2025 were 14.5% and 16.7% respectively, both higher than in 2024 and the first half of 2025. This indicates that the gross profit margins of tool and die steel have reached a bottom and are rebounding, thanks to the transmission of raw material prices. With the further increase in upstream raw material prices in 2026, TIANGONG INT'L's tool and die steel business is expected to enter a new phase of price increase and profit growth.