According to the Wisdom Financial APP, Tiangong International (00826) rose over 4%, as of the time of publication, it rose by 4.09% to HKD 1.78, with a turnover of 3.1064 million Hong Kong dollars.

On the news front, the latest information from the Hong Kong Stock Exchange shows that from September 16 to September 19, Chairman Zhu Xiaokun of Tiangong International (00826) continuously increased his shareholding through his company Tiangong Holdings Company Limited, and CEO Zhu Zefeng through his company Sky Greenfield Investment Limited, with a total of 3 million shares and 1 million shares respectively, totaling 5.3539 million Hong Kong dollars and 1.7958 million Hong Kong dollars.

Previously, on September 12, Chairman Zhu Xiaokun of Tiangong International and CEO Zhu Zefeng increased their shareholding by 1 million shares each through their respective companies, with total amounts of 1.6892 million Hong Kong dollars and 1.694 million Hong Kong dollars.

CICC released a research report stating that in the first half of 2024, the company's EAF successfully started production, the construction of the 3,000-ton high-end titanium material project continued, the improvement in product structure combined with the weakening trend of raw material sponge titanium prices, driving a steady increase in titanium product gross margin. In the first half of 2024, the gross margin of titanium alloy business increased by +7.8 percentage points to 39.0% year-on-year. The company is actively exploring the application scenarios of titanium materials in consumer electronics/aerospace/medical fields. Currently, titanium materials are accelerating penetration in multiple downstream application areas. The bank believes that as a leading civilian titanium alloy company, the company is expected to seize the development opportunity and open up new profit growth prospects.