Tianci International Inc. (NASDAQ:CIIT) shares surged 59.35% to $2.47 in after-hours trading on Thursday following the Hong Kong-based ocean freight forwarder’s announcement of fiscal 2026 results. The stock had closed the regular session at $1.55, up 9.22%, according to market data.
Revenue for the year ended July 31 climbed to $14.24 million from $9.28 million a year earlier. Tianci said the increase was primarily driven by its new global mineral trading business, which contributed $4.41 million, or about 31% of revenue.
According to the company’s earnings release, mineral sales produced a 7.43% gross margin. Core logistics yielded just 2.29%, down from 3.93% in fiscal 2025. Tianci said tariff concerns and pricing pressure weakened demand for logistics services, which make up 63% of revenue and slipped 0.7%.
Operations reduced cash by $2.2 million, but a June 2026 public offering added $4.39 million in net proceeds, the company said.
To offset weak Southeast Asian demand, Tianci plans to focus on long-distance shipping lines, which typically carry higher margins. It has also built an inventory of bulk chrome and manganese ore to expand in commodity trading.
Tianci International has a market capitalization of $1.50 million, a 52-week high of $52.50 and a 52-week low of $1.52.
The Relative Strength Index (RSI) of CIIT stands at 29.63.
The stock has fallen 96.31% over the past 12 months.
Price Action: On Thursday, CIIT stock closed at $1.55, down 9.22%, according to Benzinga Pro data.
Benzinga’s Edge Stock Rankings indicates Tianci International stock has a negative price trend across all time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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