Tungray Technologies Inc. operates as an engineer-to-order firm, providing tailored industrial manufacturing solutions across China and Singapore via its subsidiaries. The company's ...
Tungray Technologies Inc (TRSG) is positioned as an engineer-to-order manufacturer. Rather than selling only standardized equipment, the company develops and produces custom, non-standard machinery and industrial systems based on customer requirements. Its operating focus spans conceptualization, development, manufacturing, and—where needed—installation of industrial equipment projects. This customization approach typically aligns with ...Tungray Technologies Inc (TRSG) is positioned as an engineer-to-order manufacturer. Rather than selling only standardized equipment, the company develops and produces custom, non-standard machinery and industrial systems based on customer requirements. Its operating focus spans conceptualization, development, manufacturing, and—where needed—installation of industrial equipment projects. This customization approach typically aligns with OEM production lines that require specialized automation, testing, tooling fixtures, and precision motion components.
From a product and service perspective, Tungray’s portfolio includes bespoke industrial testing and tooling setups, fabrication of welding equipment, and engineering of advanced motion solutions such as direct drive (DD) and linear direct current (DC) motors. The company also manufactures automated assembly systems, high-precision testing apparatus, custom tooling fixtures, induction brazing and hardening equipment, and automatic welding solutions. In addition, Tungray markets intelligent robotic systems and sophisticated storage equipment, extending beyond mechanical fabrication into systems integration-adjacent offerings.
Cost and BOM considerations are inherently tied to engineering-to-order work. Projects can involve a mix of precision components (e.g., motor/actuation modules), electromechanical subassemblies, tooling and fixture design, and production-specific integration (including commissioning/installation). The company’s research and development intensity is reflected in a stated R&D-to-revenue ratio (TTM) of about 0.063, suggesting ongoing engineering effort relative to sales.
Commercially, Tungray primarily serves OEM customers in critical industrial verticals—semiconductors, printing, consumer electronics, and domestic appliances—where equipment and automation often must match specific process requirements, space constraints, throughput targets, and quality/testing standards.
Financially, based on the provided TTM snapshot, the company reports gross margin of about 46.2% and operating margin around -0.9%, with net profit margin around 0.8%. Liquidity appears supported with a current ratio near 1.94 and a cash conversion cycle of roughly 197 days, consistent with longer inventory and receivables cycles often seen in custom industrial manufacturing. Debt metrics show moderate leverage (e.g., debt-to-equity around 0.159), while working capital is positive (working capital TTM about 9.05M USD).
Key people leadership is associated with CEO Wanjun Yao, and the company has been reported as founded on June 1, 2022 and headquartered in Singapore (with operations and subsidiaries supporting manufacturing across regions such as China and Singapore). TRSG began trading following Nasdaq approval of its Class A Ordinary Shares. As the company scales, management’s execution focus would typically include improving operating profitability on custom projects, tightening working-capital dynamics, and converting engineering wins into repeatable platforms where appropriate—e.g., expanding motor and automation productization alongside bespoke machinery.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$12.0M
-6.7%
-14.8%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-10267
+97.9%
-179.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+45.9%
+5.1%
-10.7%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-1.5%
+69.8%
-269.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-0.1%
+97.7%
-193.3%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-2.9M
+11.9%
—
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-24.3%
+5.6%
—
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
15.9%
+6.4%
-4.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.94x
+4.0%
-14.2%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
