Shares of TSUGAMI CHINA (01651) have surged more than 10% following the release of its annual results, reaching a new all-time high of HK$67.3. At the time of writing, the stock is up 10.47% to HK$67, with a turnover of HK$306.64 million.

The company reported its full-year results for the period ending March 2026, revealing a revenue of approximately RMB 5.184 billion, representing a year-on-year increase of 21.6%. Net profit reached RMB 1.094 billion, marking a significant growth of 39.9%. A final dividend of HK$0.9 per share was declared.

A notable corporate action is the proposed change in the board lot size from 1,000 shares to 500 shares, effective from July 21 at 9:00 AM. Analysts have expressed a positive outlook, highlighting the company's potential benefits from new capital expenditure cycles driven by demand for AI server liquid cooling, orders for humanoid robots, and the market for foldable smartphones.

The company's machine tools are used to produce highly precise components for a wide range of industrial applications. The strong performance of the stock year-to-date is attributed to the ongoing upcycle in China's metal cutting machine tool market and robust order inflows from emerging industries during the first quarter of 2026.