Tungray Technologies Inc Class A (TRSG) AI Stock Analysis

• Market Cap: $7.45M
• Dividend Yield: N/A
• Average Volume (3M): 128.81K
• Price to Earnings (P/E): 35.0
• Beta (1Y): 1.24
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 207
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): N/A
• Shares Outstanding: 11,793,485
• 10 Day Avg. Volume: 28,972
• 30 Day Avg. Volume: 128,814
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.98
• Enterprise Value/Revenue: 1.73
• Enterprise Value/Gross Profit: 3.97
• Enterprise Value/Ebitda: -61.42
• 1Y Price Target: $1.50
• Price Target Upside: 4.90% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 53 Neutral
• Price Target: $1.50 ▲(4.90% Upside)

Tungray Technologies Inc Class A's overall stock score is primarily impacted by its financial performance, which is challenged by declining revenue, profitability, and cash flow issues. The technical analysis suggests a bearish trend, although not oversold, while the valuation is poor due to negative earnings. The absence of earnings call data and corporate events leaves these areas unaddressed.

Tungray Technologies Inc Class A Business Overview & Revenue Model

Company Description

Tungray Technologies Inc., an engineer-to-order company, through its subsidiaries, provides customized industrial manufacturing solutions in China and Singapore. It offers customized industrial test and tooling solutions; welding equipment manufacturing; and direct drive and linear direct current motors. The company also designs, develops, and manufactures non- standard equipment, such as automated assembly equipment, precision testing equipment, tooling fixtures, etc., as well as researches, develops, designs, and manufactures induction brazing and hardening equipment, automatic welding equipment, linear motors, and DD motors; researches, develops, and sells intelligent robots and storage equipment; and installs industrial machinery and equipment, and mechanical engineering works. It provides its services to original equipment manufacturers in the industry sectors of semiconductors, printers, electronics, and home appliances. The company was incorporated in 2022 and is headquartered in Singapore, Singapore. Tungray Technologies Inc. operates as a subsidiary of Pegasus Automation Limited.

How the Company Makes Money

Tungray Technologies Inc generates revenue primarily through the sale of its software products and the provision of subscription-based services. The company's key revenue streams include licensing fees from its proprietary software platforms, subscription charges for its cloud-based services, and consultancy fees for digital transformation projects. Additionally, Tungray Technologies partners with various enterprises to offer customized solutions, which contributes to its earnings through project-based contracts and long-term service agreements. Strategic partnerships with technology providers and industry leaders also play a crucial role in expanding the company's market reach and enhancing its revenue potential.

Tungray Technologies Inc Class A Financial Statement Overview

Summary

Tungray Technologies Inc Class A faces financial challenges with declining revenue and profitability, negative cash flow, and a negative return on equity. While the balance sheet remains strong with low leverage, the company needs to address its operational inefficiencies and cash flow issues to improve its financial health.

Income Statement

Tungray Technologies Inc Class A has experienced a decline in revenue and profitability over the last year. The gross profit margin decreased from 46.7% in 2023 to 43.7% in 2024. The net profit margin turned negative in 2024, indicating a loss, compared to a positive margin of 6.0% in 2023. The EBIT and EBITDA margins also turned negative, reflecting operational challenges. Revenue growth has been inconsistent, with a significant drop of 10.8% in 2024.

Balance Sheet

The company's balance sheet shows a strong equity position with an equity ratio of 58.3% in 2024, up from 60.4% in 2023. The debt-to-equity ratio remains low at 0.15, indicating low leverage. However, the return on equity has turned negative in 2024 due to net losses, which is a concern for shareholders.

Cash Flow

Cash flow analysis reveals a concerning trend, with negative free cash flow in 2024 compared to positive free cash flow in 2023. The operating cash flow to net income ratio is negative, indicating cash flow issues. The free cash flow to net income ratio also turned negative, highlighting cash flow challenges.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	12.81M	14.36M	11.85M	13.00M	6.89M
Gross Profit	5.60M	6.71M	6.67M	6.75M	3.33M
EBITDA	-6.76K	1.36M	2.59M	4.14M	1.53M
Net Income	-480.02K	856.54K	2.10M	3.06M	886.57K
Balance Sheet
Total Assets	29.91M	27.05M	19.25M	19.13M	14.35M
Cash, Cash Equivalents and Short-Term Investments	8.97M	10.80M	9.79M	8.41M	4.61M
Total Debt	2.60M	2.61M	2.81M	3.77M	3.54M
Total Liabilities	12.65M	10.65M	7.86M	9.79M	8.09M
Stockholders Equity	17.42M	16.33M	11.40M	9.34M	6.25M
Cash Flow
Free Cash Flow	-3.29M	369.77K	2.53M	4.30M	797.55K
Operating Cash Flow	-811.89K	451.02K	2.64M	4.45M	2.32M
Investing Cash Flow	-2.78M	-81.75K	2.69M	-754.24K	-443.46K
Financing Cash Flow	2.79M	-2.81M	-3.78M	―	-503.76K

Tungray Technologies Inc Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.43
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRSG, the sentiment is Negative. The current price of 1.43 is below the 20-day moving average (MA) of 1.53, below the 50-day MA of 1.63, and below the 200-day MA of 1.77, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 38.32 is Neutral, neither overbought nor oversold. The STOCH value of 60.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TRSG.

Tungray Technologies Inc Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NWPX	72 Outperform	$483.85M	15.38	9.14%	―	5.83%	33.50%
GIFI	66 Neutral	$117.86M	12.50	11.00%	―	14.32%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
TRSG	53 Neutral	$7.45M	35.05	4.85%	―	―	―
HIHO	51 Neutral	$7.64M	107.10	1.07%	7.23%	3.31%	―
TPCS	49 Neutral	$54.54M	―	-23.42%	―	3.78%	78.39%
AP	39 Underperform	$46.12M	15.81	-8.37%	―	-3.95%	88.17%

Tungray Technologies Inc Class A Corporate Events

Tungray Technologies Announces New CFO Appointment

On August 14, 2025, Tungray Technologies Inc announced a leadership change with the appointment of Mr. Qi (Henry) Guo as the new Chief Financial Officer, succeeding Ms. Nina Hangyu Qian, who will now serve as Senior Director of Finance. Mr. Guo brings over two decades of experience in corporate finance, investment banking, and technology, which is expected to bolster Tungray’s financial management and support its long-term growth initiatives.

Tungray Technologies Inc Announces 2025 Annual General Meeting

Tungray Technologies Inc has announced its 2025 annual general meeting of shareholders, scheduled for September 20, 2025, in Singapore and virtually. Key agenda items include the re-election of five directors, approval of Guangdong Prouden CPAs GP as the independent accounting firm for 2025, and the adoption of the 2025 Equity Incentive Plan. The meeting will determine shareholder entitlements based on records as of August 6, 2025, with voting rights differing between Class A and Class B shares. This meeting is crucial for setting the company’s governance and financial oversight for the upcoming year.

Tungray Technologies Announces CMO Resignation

On June 23, 2025, Tungray Technologies Inc. announced the resignation of Wee Thuang Lee as Chief Marketing Officer, effective immediately. The resignation was due to personal reasons and not related to any disagreements with the company. This change in leadership might impact the company’s marketing strategies and stakeholder relations, although the company stated there were no operational disputes involved.

Tungray Technologies Inc Announces Change of Auditor

Tungray Technologies Inc, a company incorporated in the Cayman Islands with principal executive offices in Singapore, announced a change in its independent registered public accounting firm on June 9, 2025. The company dismissed Marcum Asia CPAs LLP and appointed Guangdong Prouden CPAs GP as its new auditor. This decision was made after a careful evaluation process and was approved by the company’s audit committee. The change was not due to any disagreements over accounting principles or practices, financial statement disclosures, or auditing scope or procedures. The audit reports from Marcum Asia for the fiscal years 2023 and 2024 were unqualified, and there were no reportable disagreements during this period. However, the company had identified material weaknesses in its internal controls, including a lack of formal risk assessment processes and insufficient accounting staff knowledgeable in U.S. GAAP and SEC requirements.