Tungray Technologies Inc. reported its unaudited financial results for the six months ended June 30, 2025, on September 30, 2025, showing a significant return to profitability. Total revenues increased by 37.0% year-over-year to $7.4 million, up from $5.4 million in the first half of 2024. The company achieved a net income of $0.5 million, a substantial improvement from the net loss of $0.8 million in the same period last year.
Gross profit rose to $3.6 million from $2.5 million in H1 2024, with the gross margin improving by 190 basis points to 48.6% from 46.7%. Operating expenses decreased by 4.1% to $3.3 million, contributing to an income from operations of $0.3 million, a reversal from the $0.9 million loss from operations in H1 2024. Net income attributable to Tungray Technologies Inc. was $550,142, compared to a net loss of $814,007 in the prior year.
The company's R&D investment increased by 6.2% to $0.5 million, focusing on automation equipment, semiconductor-related solutions, and mechatronics. Initiatives included modularization of equipment components in Singapore and increased R&D for highly automated equipment. The mechatronics segment benefited from increased orders for automotive refrigerators in new energy vehicles. Diluted earnings per common share were $0.03 for H1 2025, compared to a loss of $0.05 for H1 2024.
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