Hong Kong Stock Movement | IMPRO PRECISION (01286) Surges Over 10% to New High as Tariffs Smoothly Pass Through to US Customers, Company Enters AIDC and Robotics Supply Chains

Stock News
Sep 29

IMPRO PRECISION (01286) surged over 10% in early trading, reaching a high of HK$4.46 and setting a new historical high. As of press time, the stock was up 8.91% at HK$4.4, with trading volume of HK$11.9626 million.

On the news front, IMPRO PRECISION announced earlier this month that the impact of additional tariffs is not as extensive as previously disclosed. This is due to several factors: most of the group's US customers have agreed to bear all or most of the recently imposed additional tariffs, and some product codes previously included in the new tariff list have been confirmed as exempt from additional tariffs due to the absence of steel and aluminum components. It was reported that on August 15, the United States announced an expansion of the scope of steel and aluminum tariff implementation.

CCB International released a research report stating that IMPRO PRECISION's products are used across multiple industries including high-power engines, construction machinery, agricultural machinery, recreational boats, passenger cars, commercial vehicles, aviation, energy, and medical sectors. Overall demand remains stable with an upward trend, with high-power engines and robotics segments showing strong growth momentum and higher profit margins.

AIDC is driving up demand for high-power engines. The company supplies sand casting cylinder blocks for high-power engines to clients such as Caterpillar and Cummins. In the first half of the year, related business revenue grew 48.3% year-over-year to 530 million yuan, accounting for 21.8% of total revenue.

Additionally, the company has entered the Da Vinci surgical robot supply chain and is in discussions with overseas humanoid robot companies for potential cooperation, which will enhance its long-term growth prospects.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10