TRSGNasdaqConstruction, Mining & Materials Handling Machinery & EquipUS GAAP · USD

Tungray Technologies Inc

Tungray Technologies Inc is a Cayman Islands-incorporated industrial company with operating activities and related-party counterparties in China and a shareholder meeting and investor-relations presence centered in Singapore. Its reported business involves the sale and purchase of industrial products and services within the construction, mining, and materials-handling equipment ecosystem.

Liikevaihto15,6milj. USD
+22,0 %v/v
Liikevoitto (EBIT)−0,2milj. USD
+63,1 %v/v
EBIT-marginaali−1,5%
+3,6 %-yks.v/v
Nettotulos−0,2milj. USD
+64,5 %v/v
Vapaa kassavirta−3,8milj. USD
−204,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2021–2025

−505101520milj. USD2021: 17 milj. USD2021: EBIT 4,7 milj. USD20212022: 16 milj. USD2022: EBIT 3,2 milj. USD20222023: 14 milj. USD2023: EBIT 1,1 milj. USD20232024: 13 milj. USD2024: EBIT −0,66 milj. USD20242025: 16 milj. USD2025: EBIT −0,24 milj. USD202516−0,24
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Industrial equipment sales70 %

Sales of industrial products tied to construction, mining, and materials-handling use cases.

Industrial services procurement20 %

Purchased products and services used to support manufacturing and operating activities.

Lease and support income10 %

Rental or non-operating support arrangements with related parties.

Asiakkaat

The available disclosures indicate that the company sells industrial products to affiliated operating entities, suggesting a business model built around group-linked manufacturing and distribution channels. Its end markets sit in industrial automation, construction, mining, and materials handling, where customers typically buy equipment that supports production, movement, and processing workflows.

Related-party industrial buyers

Affiliated companies that purchase products from Tungray's operating network.

Industrial automation customers

Customers buying automation-related equipment and components for factory or process uses.

Construction and mining equipment users

End users needing machinery and materials-handling equipment for heavy-duty operations.

Strategia

The disclosures suggest a strategy centered on maintaining an integrated industrial network across affiliated entities, with product sales, procurement, and leasing relationships supporting the operating platform. The company also appears to prioritize corporate governance and continuity through formal shareholder approvals, auditor ratification, and board refreshment.

Maintain related-party operating networkLyhyt aikaväli

The disclosed business depends on affiliated entities for product sales, purchases, and lease arrangements.

Support industrial product and service deliveryKeskipitkä aikaväli

The company operates in an industrial equipment context where continuity of supply and execution matter.

Maantiede

Tungray is incorporated in the Cayman Islands, but the operating and related-party disclosures point to a China-centered supply, production, and transaction footprint. The company also uses Singapore for shareholder-meeting activity and investor-facing administration, while the listed related-party entities are primarily located in Kunshan and Qingdao in China.

Riskit

The most important business risk is concentration: the disclosed transaction base is heavily tied to related parties, which can limit customer diversification and create dependency on affiliated operating companies. The company is also exposed to China-based supply-chain, regulatory, and counterparty risks, while operating across multiple jurisdictions adds governance and execution complexity.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Related-party concentration1China operating exposure2Industrial cyclicality3
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Related-party concentrationVaikutus: KorkeaTodennäköisyys: Korkea

    A large part of sales, purchases, and lease arrangements involves affiliated companies.

    Kohdistuu: Revenue and procurement relationships

  2. China operating exposureVaikutus: KorkeaTodennäköisyys: Korkea

    The disclosed counterparties and operating entities are primarily in China.

    KohdistuuSupply chainRegulationLocal execution
  3. Industrial cyclicalityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Demand for construction, mining, and materials-handling equipment is tied to capital spending cycles.

    Kohdistuu: Order timing and utilization

Kirjanpito

Harkinnanvaraiset erät
Related-party transactions

Sales, purchases, and lease income with affiliates need clear note disclosure and arm's-length support.

Vaikutus: Can materially affect reported revenue mix and other income

Lease income classification

Rental income is shown separately from operating sales and needs consistent presentation.

Vaikutus: Affects operating vs non-operating profit presentation

Consolidation and intercompany elimination

Multiple related entities across jurisdictions require careful consolidation accounting.

Vaikutus: Affects revenue, expenses, and balance sheet balances

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026