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Tungray Technologies Inc. (Singapore)

Main Activities: Construction Machinery Manufacturing
Full name: Tungray Technologies Inc. Profile Updated: November 01, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company is a group of companies that provides customized industrial manufacturing solutions.
The Company 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 sectors. As an ETO company, The Company takes pride in its ability to design and build solutions that fulfil The Company s customers' unique specifications. The Company s capabilities in this field are the result of more than a decade of experience in completing various ETO projects. The Company mainly generates revenues through customized industrial manufacturing solutions, direct drive and linear direct current (“DC”) motors and induction welding equipment manufacturing.
HISTORY
2022 On June 1, 2022, The Company was incorporated.
On November 22, 2022, The Company acquired 100 of the equity interests in Tungray Singapore Pte. Ltd.
On November 22, 2022, The Company acquired 100 of the equity interests in Tung Resource Pte Ltd.
2024 The Class A ordinary shares are expected to commence trading on Nasdaq Capital Market under the ticker symbol TRSG on April 19, 2024.

Headquarters
02-01, 31 Mandai Estate, Innovation Place Tower 4
Singapore; Singapore; Postal Code: 729933

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Website: http://www.tungray.tech

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2022
Key Executives
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Chairman
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Chief Financial Officer
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Chief Technology Officer
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Director/Member of the Board
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Manager
Ownership Details
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19.247%
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15.244%
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13.165%
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8.546%
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6.313%
Subsidiaries
Qingdao Tongri Electric Machines Co., Ltd. (China)
Qingdao Tungray Intelligent Technology Co., Ltd. (China)
Tongsheng Intelligence Technology Development (Shenzhen) Co., Ltd. (China)
Company Performance
Financial values in the chart are available after Tungray Technologies Inc. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net sales revenue
-12.07%
Total operating revenue
-12.07%
Operating profit (EBIT)
-56.87%
EBITDA
-59.5%
Net Profit (Loss) for the Period
-71.69%
Total assets
4.06%
Total equity
6.2%
Operating Profit Margin (ROS)
-10.71%
Net Profit Margin
-11.96%
Return on Equity (ROE)
-13.84%
Debt to Equity Ratio
-8.11%
Quick Ratio
-0.2%
Cash Ratio
-0.41%

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