Precision Tsugami (China) expects 60% profit increase

Precision Tsugami (China) Corporation Limited, a Hong Kong-listed company, announced a positive profit alert, projecting a substantial increase in profit attributable to owners of the company for the year ending March 31, 2025. The company estimates profits of approximately RMB782 million, representing a 60% rise compared to the RMB480 million (as audited) recorded for the year ended March 31, 2024. The anticipated growth is attributed to a resurgence in confidence within domestic manufacturing industries, including increased capital expenditure in the automotive, pneumatic, hydraulic, and general machining sectors. The Group's strategic expansion into automotive parts, healthcare, and cost reduction initiatives have also contributed to the expected positive financial performance.