Tiangong International (00826) announced interim results. Profit attributable to shareholders of 226 million yuan increased 11.2% year over year

According to the Zhitong Finance App, Tiangong International (00826) announced interim results for the six months ended June 30, 2026. The group achieved a turnover of 2,471 billion yuan, an increase of 5.5% over the previous year; profit attributable to the company's equity holders was 226 million yuan, an increase of 11.2% over the previous year; and the basic profit per share was 0.083 yuan.

The Group's overall turnover increased during the reporting period, mainly from the High Speed Steel and Cutting Tools Division. The main reason for this is the sharp rise in the price of high-speed steel and raw materials (tungsten) for cutting tools, and the smooth transmission of costs to downstream customers; and the beginning of the release of hard alloy products in the cutting tools division, which contributed greatly to turnover. However, the titanium alloy division was affected by phased changes in the consumer electronics industry's demand for titanium, and its turnover declined.

Looking forward to the future, the Group will continue to adhere to the “technology+industry” two-wheel drive strategy and deepen its leading edge in the field of high-end new materials and precision manufacturing around the world. By accurately grasping cutting-edge opportunities such as AI computing power infrastructure, large-scale integrated die-casting of new energy vehicles, and weight reduction in the consumer electronics sector, the Group will accelerate the production capacity release and localization replacement process for high-end PCB precision tools, titanium alloy and powder metallurgy core components. At the same time, the Group will actively forwardly lay out emerging tracks such as high-end metal materials and intelligent equipment for nuclear fusion, and strive to build a multinational collaborative ecosystem of “high-end materials+terminal equipment+advanced technology”. Facing the changing global macroeconomic environment, the Group will continue to promote the digitalization and green and intelligent upgrading of the industrial chain, and inject strong new momentum into the Group's long-term steady growth with excellent innovative R&D capabilities and a strong global supply chain.