Changes in Hong Kong stocks | Tuopu CNC (07688) rose nearly 13% in the intraday period. The company is a scarce target for domestic high-end 5-axis CNC machine tools

The Zhitong Finance App learned that Tuopu CNC (07688) had an intraday increase of nearly 13%. As of press release, it had risen 7.41% to HK$16.97, with a turnover of HK$257.207 million.

According to the news, Qunyi Securities (Hong Kong) pointed out that Tuopu CNC is a scarce target for domestic high-end 5-axis CNC machine tools. In 2025, the domestic 5-axis CNC machine tool market ranked fifth and domestic production second; the aerospace sector had a market share of 10.0% in the market segment, ranking first. The company uses intelligent aerospace manufacturing equipment as the basic market. The technical barriers are deep, and the average product price and gross margin are higher than those in the industry; GM five-axis and carbon fiber machine tools are still in the cultivation period and are expected to become a new growth curve. The bank is optimistic about the company's development in the field of domestic high-end industrial motherboards.

Tuopu CNC announced at the end of last month that the company plans to exercise H share repurchase authorization under appropriate market conditions and buy back the H shares already issued by the company on the open market, with a total repurchase price of no more than HK$300 million. In the first half of this year, Tuopu CNC obtained new contracts worth about 470 million yuan, which is significantly higher than 218 million yuan in the same period last year. The significant increase in the value of newly signed contracts is mainly due to the contribution of about RMB 403.5 billion from space-related projects during the period, which is significantly higher than RMB 188 million in the same period last year.