Stock Track | TSUGAMI CHINA Soars 9.74% Intraday on Positive Earnings Forecast

Stock Track04-27

TSUGAMI CHINA's stock soared 9.74% during intraday trading on Monday, following the company's issuance of a positive profit alert.

The surge is attributed to the company's announcement that it expects to report an annual profit attributable to shareholders of approximately RMB 1.094 billion for the period ending in March, representing a significant increase of about 40% compared to the previous year. The strong performance is driven by the continued positive momentum of the Chinese economy and sustained growth in equipment demand from the domestic manufacturing sector. Specifically, increasing capital expenditure in the automotive, 3C, and pneumatic and hydraulic industries, along with rapid development in emerging fields such as AI liquid cooling and semiconductors, has boosted demand for the company's high-precision, automated, and multi-functional machine tools.

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