CROSBY Research – Precision Tsugami (China) (1651 HK): A solid set of FY26 results, capped by a record-high DPS since listing

3 July 2026

During the review period, Precision Tsugami (China) (PTC) recorded a sustained increase in orders from key downstream industries and further increased in market share in AI liquid cooling and humanoid robots. This translated into a robust FY26, with sales and NP increased by 21.6% and 39.9% YoY to Rmb5.2bn and Rmb1.1bn respectively.