Detail akcie Tiangong Intl online

Business Summary: Tiangong International Co Ltd is a company primarily engaged in production and sales of die steel (DS), high speed steel (HSS), cutting tools and titanium alloy. The Company mainly operates its business through five segments. The DS segment manufactures and sells materials that are used in the die set manufacturing industry. The HSS segment manufactures and sells materials that are used in the tools manufacturing industry. The Cutting Tools segment manufactures and sells HSS and carbide cutting tools to the tooling industry. The Titanium Alloy segment manufactures and sells titanium alloys to the titanium industry. The Others segment assembles and sells power tools kits. The Company conducts its business in the domestic and overseas markets.
Financial Summary: BRIEF: For the six months ended 30 June 2024, Tiangong International Co Ltd revenues increased 1% to RMB2.52B. Net income decreased 16% to RMB184.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Others increase from RMB2.6M to RMB12.6M (expense), Administrative Expenses increase of 14% to RMB83.3M (expense).