Changes in Hong Kong stocks | Tiangong International (00826) rose more than 7% in the first half of the year, excluding foreign exchange, and core net profit surged 2.4 times, and the high-speed steel and cutting tools business was impressive

The Zhitong Finance App learned that Tiangong International (00826) rose more than 7%. As of press release, it had risen 7.39% to HK$3.27, with a turnover of HK$186 million.

According to the news, on August 28, Tiangong International released its financial report for the first half of 2026. During the reporting period, the company achieved revenue of 2,471 billion yuan, an increase of 5.5% year on year, and net profit of shareholders of 226 million yuan, an increase of 11.2% year on year. It is worth noting that if exchange and option fees are excluded and restored according to the actual tax rate, Tiangong International's core operating profit during the reporting period was about 290 million yuan, a sharp increase of about 240% over the previous year. This is a substantial jump in the company's profit quality.

In terms of revenue, high-speed steel and cutting tools form the two core engines driving the continued growth of Tiangong International. During the reporting period, high-speed steel revenue increased 20.8% year on year to 476 million yuan, accounting for the company's revenue ratio from 16.8% to 19.3%. This growth stemmed from two-wheel drive in domestic and overseas markets. Revenue from the cutting tools business surged 42.3% to $565 million, increasing its share of total revenue from 17% to 22.9%.