HK Stock Market Move | TIANGONG INT'L (00826) rose over 7%. In the first half of the year, excluding exchange rate effects, core net profit surged 2.4 times, with impressive performances in the high-speed steel and cutting tool businesses.

TIANGONG INT'L (00826) rose over 7%, and as of the time of writing, it has increased by 7.39%, priced at HKD 3.27, with a trading volume of HKD 186 million. In news, on August 28, TIANGONG INT'L released its semi-annual financial report for the first half of 2026. During the reporting period, the company achieved revenue of RMB 2.471 billion, a year-on-year increase of 5.5%, with net profit attributable to shareholders reaching RMB 226 million, up 11.2% year-on-year. Notably, after excluding foreign exchange and option expenses and adjusting for the actual tax rate, the core operating net profit for TIANGONG INT'L during the reporting period was approximately RMB 290 million, a remarkable year-on-year increase of about 240%, marking a substantial improvement in the company's earnings quality. From a revenue perspective, high-speed steel and cutting tools serve as the two main engines driving TIANGONG INT'L's continuous growth. During the reporting period, revenue from high-speed steel grew by 20.8% year-on-year to RMB 476 million, with its proportion of the companys revenue increasing from 16.8% to 19.3%. This growth is driven by a dual engine of both domestic and overseas markets. The revenue from cutting tools surged by 42.3% to RMB 565 million, increasing its share of total revenue from 17% to 22.9%.