TSUGAMI CHINA (01651) rose nearly 5%. As of the time of writing, the stock was up 3.66%, trading at HK$37.98, with a turnover of HK$36.6374 million. A research report from Haitong International noted that for the half-year period ending September 2025, TSUGAMI CHINA's sales revenue increased by approximately 26.2% year-on-year, while its net profit attributable to the parent company grew by about 47.7%, indicating solid growth momentum for its main business, with the automotive industry being the primary growth driver over the past two years. The report forecasts that the domestic automotive industry is expected to maintain a stable trend in 2026, and the trend towards smaller, more compact components for new energy vehicles is also expected to help increase the company's market penetration, allowing its automotive-related business to remain stable with potential for growth; meanwhile, the 3C industry is showing signs of recovery, benefiting from product update cycles led by major mobile phone manufacturers. Regarding its emerging business layout, the report further pointed out that in the AI sector, the company's automatic lathe products offer a significant cost-performance advantage in processing quick liquid cooling connectors; the onset of batch procurement in the AI server liquid cooling industry has driven a substantial increase in shipments of related products. For the first half of the 2025-2026 fiscal year, the company has already achieved sales of approximately 120 million yuan from AI liquid cooling-related products, and it is projected that sales could surpass 2,000 units in 2026, potentially contributing up to 800 million yuan to operating revenue. In the robotics field, leveraging its series of products including sliding headstock lathes, thread rolling machines, and cylindrical grinding machines, the company can provide precision machining solutions for core components, demonstrating outstanding product competitiveness.