Tungray Technologies (TRSG) reported strong financial results for H1 2025, marking a significant turnaround with a return to profitability. Total revenue increased 37.0% year-over-year to $7.4 million, while gross margin improved to 48.6% from 46.7% in the previous year.
The company achieved a net income of $0.5 million, compared to a net loss of $0.8 million in H1 2024, driven by revenue growth in both customized (+18.4%) and standardized products (+130.6%). Operating income reached $0.3 million, recovering from a $0.9 million loss in the prior year period.
Tungray's growth strategy focuses on exploring strategic partnerships, expanding into new markets, and implementing cost-cutting measures while maintaining a $0.5 million investment in R&D, up 6.2% YoY, particularly in automation equipment and semiconductor-related solutions.
Tungray Technologies Inc (NASDAQ:TRSG), a global Engineer-to-Order (ETO) company, held its 2025 Annual General Meeting of Shareholders on September 20, 2025, in Singapore and virtually. During the meeting, shareholders approved three key items: the re-election of all five current directors, the appointment of Guangdong Prouden CPAs GP as the company's independent auditor for FY2025, and the adoption of the 2025 Equity Incentive Plan.
Tungray Technologies (NASDAQ:TRSG) has appointed Henry Guo as its new Chief Financial Officer, effective immediately. Guo brings over 20 years of experience in corporate finance, investment banking, equity research, and investment management, along with a decade of technical expertise from Silicon Valley.
Prior to joining Tungray, Guo served as Head of Capital Markets at AIME Capital Markets and held executive positions at US Tiger Securities. His background includes 9 years at Intel Corporation in product development leadership. Guo holds an MBA from UC Berkeley, an MS in Electrical Engineering, and is a CFA charterholder with multiple FINRA licenses.
Tungray Technologies, a global Engineer-to-Order company, reported its H1 2024 financial results showing mixed performance. Total revenues increased slightly by 1.5% to $5.4 million, while gross margin declined to 46.7% from 53.5% year-over-year. The company reported an operating loss of $0.9 million compared to an operating income of $0.1 million in H1 2023.
The company is implementing cost-cutting measures and exploring new revenue streams, including potential partnerships in metal 3D printing for precision engineering. Notable challenges include increased operating expenses, rising by 26.5% to $3.5 million, and declining standardized product revenues due to fierce price competition. The company also disclosed a restatement of its H1 2023 financial statements due to accounting errors in income tax expense and finance lease calculations.
Tungray Technologies Inc announced the partial exercise of the underwriter's over-allotment option by US Tiger Securities, resulting in the purchase of additional Class A ordinary shares and raising approximately $5.41 million in gross proceeds through the IPO. The Offering was declared effective by the SEC on March 28, 2024.
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