Tungray Technologies Reports 37% Increase in First Half 2025 Revenues, Returns to Profitability
Reuters
Sep 30
Tungray Technologies Reports 37% Increase in First Half 2025 Revenues, Returns to Profitability
Total revenues for the six months ended June 30, 2025, were $7.4 million, an increase of 37.0% compared to $5.4 million for the same period in 2024. Revenues from customized products increased by $0.8 million, or 18.4%, while revenues from standardized products increased by $1.2 million, or 130.6%, primarily due to higher orders for automotive refrigerators used in new energy vehicles. Gross margin for the period was 48.6%, compared to 46.7% for the same period in 2024. Gross profit for standardized products was $0.9 million, up 120.2% from $0.4 million in 2024; the gross margin for standardized products was 44.3% in 2025 and 46.4% in 2024. Total cost of revenues increased by 32.0% to $3.8 million compared to $2.9 million in the prior-year period. The cost of revenues for customized products rose by $0.3 million, or 10.4%, and for standardized products increased by $0.7 million, or 139.6%. Total operating expenses were $3.3 million, a decrease of 4.1% from $3.5 million in the prior-year period. Selling expenses increased by 16.3% to $349,000, due to higher salary and travel expenses related to business expansion. Operating income for the six months ended June 30, 2025, was $0.3 million, compared to an operating loss of $0.9 million for the same period in 2024. Net income was $0.5 million, compared to a net loss of $0.8 million for the same period in 2024.
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