Tungray Technologies Reports H1 2025 Unaudited Results

Tungray Technologies Inc. reported unaudited 2025 first-half results. The ETO company provides customized industrial manufacturing solutions to OEMs in the semiconductors, printers, electronics, and home appliances sectors. Its subsidiaries in Singapore and China offer research, development, and manufacturing support for customized solutions, while Qingdao Tungray Intelligent and Qingdao Tongri Electric Machines specialize in induction welding equipment and direct drive and linear DC motors, respectively.

Singapore, Sept. 12, 2025 — Tungray Technologies Inc. ("Tungray" or the "Company"), a global Engineer-to-Order (ETO) company, has released its unaudited financial results for the six months ended June 30, 2025. The report showcases a significant improvement in financial performance compared to the same period in 2024.

Key Financial Highlights:

- Total Revenues: Increased by 37.0% to $7.4 million, compared to $5.4 million in the same period of 2024.
- Operating Income: Improved to $0.3 million from -$0.9 million.
- Net Income: Increased to $0.5 million from -$0.8 million.

Strategic Initiatives:

Tungray has been proactive in driving revenue growth and cost reduction. The company is exploring strategic partnerships to introduce new lines of business and expand into high-value capabilities. Additionally, cost-cutting measures such as leveraging high-trade volume suppliers and renegotiating supplier contracts have been implemented to enhance operational efficiency.

Management Commentary:

Mr. Wanjun Yao, Chairman and Chief Executive Officer of Tungray, commented, "We achieved solid top-line growth during the first half of the year with revenue up 37.0% reaching $7.4 million compared to the same period last year. Despite rising raw material and labor costs, our gross margin showed material improvement with gross margin of 48.6% in the first half of the year, compared with 46.7% in the same period last year. This 190 basis points improvement combined with leverage opportunities in our business model helped drive our return to profitability with net income of $0.5 million in the first half of the year, compared with a net loss of $0.8 million in the same period last year."

Investment in R&D:

The company has continued to invest in research and development, with an increase of 6.2% in R&D expenses to $475.0 thousand for the six months ended June 30, 2025. This investment is focused on high-growth areas such as automation equipment, semiconductor-related solutions, and mechatronics.

Looking Ahead:

Tungray plans to allocate resources strategically to ensure long-term product and technology advancement. The company believes these initiatives will enhance its market presence, create new revenue streams, and deliver greater value for shareholders as market conditions improve.

Financial Performance:

- Revenues from Customized Products: Increased by $0.8 million, or 18.4%.
- Revenues from Standardized Products: Increased by $1.2 million, or 130.6%.
- Gross Profit: Improved to $3.6 million from $2.5 million.
- Operating Expenses: Decreased by 4.1% to $3.3 million.
- Net Income: Increased to $0.5 million from -$0.8 million.

Conclusion:

Tungray Technologies Inc. has demonstrated robust financial performance during the first half of 2025, driven by strategic initiatives and cost-cutting measures. The company's commitment to innovation and expansion into high-growth markets positions it well for future growth. Investors and financial professionals should closely monitor Tungray's progress as it continues to execute its strategic plan.