TRSG

Total Revenues Increased by 37.0% YoY to $7.4 million Operating Income Increased to $0.3 million from -$0.9 million Net Income Increased to $0.5 million from -$0.8 million SINGAPORE, Sept. 30, 2025 /PRNewswire/ -- Tungray Technologies Inc ("Tungray" or the "Company"), a global Engineer-to-Order (ETO) company, today reported its unaudited financial results for the six months ended June 30, 2025. First Half 202 5 Financial Highlights Total revenues for the six months ended June 30, 2025 increased by 37.0% to $7.4 million, compared to $5.4 million in the same period of 2024. Gross margin for the six months ended June 30, 2025 was 48.6%, compared to 46.7% for the same period in 2024. Operating income for the six months ended June 30, 2025, was $0.3 million, compared to an operating loss of $0.9 million for the same period in 2024. Net income for the six months ended June 30, 2025, was $0.5 million, compared to net loss of $0.8 million for the same period in 2024. Recent Developments and Strategic Highlights: Tungray Drives Revenue Growth and Reduces Costs Revenue Enhancement: To drive sales growth, the Company is exploring potential horizontal strategic partnerships to access new, high-value capabilities. These initiatives include: Introducing new lines of business through potential partnerships with existing companies. Utilizing the "market-for-tech" model to leverage Singapore's hub position for regional business expansion. Exploring technologies and services such as standardized manufacturing of medical components, and contract repair work for aviation components, such as aircraft engine fan blades and turbines. Enhancing sales and market penetration by hiring a dedicated business-focused market and sales manager. This initiative will focus on: Increasing market penetration of non-printer related markets in the Southeast Asia (SEA) region. Focusing primarily on the semiconductor, automotive and non-printer related consumer product sectors. Cost-Cutting Measures: The Company has implemented targeted cost control actions aimed at reducing expenses, enhancing operational efficiency, and renegotiating supplier contracts. These actions include: Identifying and utilizing high-trade volume suppliers. Leveraging volume to negotiate favorable rates for common-use components. Management Commentary Mr. Wanjun Yao, Chairman and Chief Executive Officer of Tungray, comment...

SINGAPORE, Sept. 25, 2025 /PRNewswire/ -- Tungray Technologies Inc (Nasdaq: TRSG) (the "Company" or "TRSG"), a global Engineer-to-Order (ETO) company, today announced the results of the Company's 2025 Annual General Meeting of Shareholders (the "Annual Meeting") held at 10:00 a.m. local time, September 20, 2025 (or 10:00 p.m. Eastern Time, September 19, 2025), at its executive office in Singapore, and virtually by teleconference. At the Annual Meeting, shareholders of the Company: About Tungray Technologies Inc Tungray Technologies Inc is an Engineer-to-Order (ETO) company that provides customized industrial manufacturing solutions to original equipment manufacturers (OEMs) in the semiconductors, printers, electronics, and home appliances industries. With research, development and manufacturing bases in Singapore and China, Tungray designs, develops, and delivers a wide range of industrial products ranging from customized manufacturing machineries, direct drive and linear direct current motors, to induction welding equipment. As an ETO company with more than two decades of experience, Tungray takes pride in its ability to deliver quality customized industrial solutions that fulfil its customers' unique needs and specifications. For more information, visit the Company's website at http://tungray.com/. Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Com...

SINGAPORE, May 14, 2025 /PRNewswire/ -- Tungray Technologies Inc ("Tungray" or the "Company"), a global Engineer-to-Order (ETO) company, today reported its financial results for the twelve months ended December 31, 2024. Full Year 2024 Financial Highlights Total revenues for the year ended December 31, 2024 decreased by 10.8% to $12.8 million, compared to $14.4 million for 2023. Gross margin for the year ended December 31, 2024 was 43.7%, compared to 46.7% for 2023. Operating loss for the year ended December 31, 2024 was $0.7 million, compared to an operating income of $1.1 million for 2023. Net loss for the year ended December 31, 2024 was $0.6 million, compared to net income of $0.8 million for 2023. Recent Developments and Strategic Highlights: Cost-Cutting Measures: The Company has implemented targeted cost control actions aimed at reducing expenses, enhancing operational efficiency, and renegotiating supplier contracts. These actions include: Identifying and utilizing high-trade volume suppliers. Leveraging volume to negotiate favorable rates for common-use components. Revenue Enhancement: To drive sales growth, the Company is exploring potential horizontal strategic partnerships to access new, high-value capabilities. These initiatives include: Introducing new lines of business through potential partnerships with existing companies. Enhancing sales and market penetration by hiring a dedicated business-focused market and sales manager. This initiative will focus on: Increasing market penetration of non-printer related markets in the Southeast Asia (SEA) region. Focusing primarily on the semiconductor, automotive and non-printer related consumer product sectors. Management Commentary Mr. Wanjun Yao, Chairman and Chief Executive Officer of Tungray, commented, "Despite ongoing pressure on revenue and profitability in 2024, we successfully expanded our customer base. This pressure was partly driven by lower revenue per customer, resulting from shifts in sales mix, pricing strategies, order volumes, and broader market conditions. For example, as of year 2024, China and Singapore's manufacturing automation industry was experiencing intense price competition, driven by overcapacity, economic pressures. To address these challenges, we remain focused on strengthening customer retention, enhancing service offerings, and expanding high-value customer relationships...