The Zhitong Finance App learned that Tiangong Holdings Company Limited (Tiangong Holdings Company Limited), the majority shareholder of Tiangong International (00826), significantly increased its holdings of Tiangong International (00826) shares for two consecutive days, increasing its total holdings by 2 million shares from August 31 to September 1, involving more than HK$6.37 million. The actual controllers of Tiangong Holdings are Zhu Xiaokun and Yu Yumei. Zhu Xiaokun is also the executive director and chairman of Tiangong International (00826). This increase in holdings shows their confidence in the company's long-term development.
In the first half of this year, Tiangong International's revenue was 2,471 billion yuan, up 5.5% year on year; shareholders' net profit was 226 million yuan, up 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 is about 290 million yuan, a sharp increase of about 240% over the previous year, and the company's profit quality has substantially increased.
In terms of revenue structure, high-speed steel and cutting tools form the two core engines driving the company's continued growth: high-speed steel revenue increased 20.8% to 476 million yuan, accounting for the company's revenue ratio from 16.8% to 19.3%; the cutting tool business performance during the reporting period was even more impressive. The business revenue surged 42.3% to 565 million yuan, and its share of total revenue increased from 17% to 22.9%.
Currently, Tiangong International is in the core development stage of steady progress from a leading special steel company to a high-end materials platform company. The company has steadily achieved profit recovery amid industry cycle fluctuations, and the fundamentals are solid and stable. The core management's investment in real money is not only a recognition of the company's current operating status, but also a deep endorsement of its long-term investment value.