Hubei TKD Crystal Electn

TKD Science and Technology announced on the evening of October 8 that it plans to establish a wholly-owned subsidiary in Vietnam and build a production base, with a total investment of no more than 40 million US dollars, funded by the company's domestic self-owned funds. The proposed subsidiary is named Vietnam Taike Electronics Co., Ltd., with a registered capital of 5 million US dollars and 100% ownership by the company. Its business scope includes the research and development, production, sales, and technical services of quartz crystal frequency components. The company stated that this move aims to leverage Vietnam's locational advantages, optimize global production capacity layout, and enhance supply chain resilience and customer response efficiency. This outbound investment does not constitute a related-party transaction or a major asset restructuring, and is still subject to domestic approval or filing procedures for overseas investment, as well as local investment licensing and enterprise registration procedures in Vietnam. TKD Science and Technology is mainly engaged in the research and development, production, and sales of quartz crystal frequency components. In the first half of 2026, it achieved operating revenue of 546 million yuan, a year-on-year increase of 18.9%, and net profit attributable to the parent company of 50.68 million yuan, a year-on-year increase of 129.9%.

TKD Science and Technology released its semi-annual report for 2026, achieving operating revenue of 546 million yuan, up 18.91% year on year, and net profit attributable to shareholders of the listed company of 50.6825 million yuan, up 129.93% year on year. Second-quarter net profit was 28 million yuan, above the upper end of the previously forecast range of 20 million to 30 million yuan, and up 19% quarter on quarter.