Tiangong International Company Limited (0826.HK) manufactures and sells alloy steel products, including die steel, high-speed steel, cutting tools, and titanium alloys; it also engages in trading special steel and goods, providing investment management services, and assembling power tool kits. The company operates through segments focused on die steel for die set manufacturing, high-speed steel and cutting tools such as drills and milling tools, titanium alloys for aerospace and consumer electronics applications, and a trading division; its products serve industries including aviation, automotive, high-speed rail, electronics, machinery, chemicals, nuclear power, and ocean engineering. Founded in 1981 and headquartered in Danyang, Jiangsu Province, People's Republic of China, Tiangong International conducts operations primarily in China, North America, Europe, and other Asian countries, with exports accounting for a substantial portion of sales and partnerships with over 50 distributors in key international markets. Recent developments include ongoing share repurchase programs initiated in 2024, with mandates to buy back up to 10% of issued share capital authorized in June 2024 and multiple executions such as repurchases totaling millions of Hong Kong dollars in April and May 2024; in 2025, the company expanded titanium alloy capacity by 3,000 tons through fundraising to exceed 10,000 tons annually amid demand from Apple's iPhone series and folding screen products, alongside technological breakthroughs, a RMB1.415 billion investment deal for 16.65% equity in subsidiary TG Tools by investors including China Tiangong Hong Kong and third parties from Q1 2024 to 2025, and TGE23 series certification from the North American Die Casting Association.