Construction Machinery and Heavy Transportation Equipment

Times Electric

JPMorgan Chase Increased Stake in Times Electric by 1.51M Shares on May 13 for Approx. HKD 64.97M

Times Electric repurchased 467,300 shares for HKD 16,975,500

CRRC Times Electric repurchased 1,999,000 shares

CRRC Times Electric Announces Q1 2026 Revenue Growth of 12.45%

Times Electric released FY2026 Q1 earnings on April 27 Pre-Market (BJT), actual revenue CNY 5.102 B (forecast CNY 4.9 B), actual EPS CNY 0.47 (forecast CNY 0.465)

Times Electric to release FY2026 Q1 earnings on April 27 Pre-Market (BJT), forecast revenue CNY 4.9 B, EPS CNY 0.465

Zhuzhou CRRC Times Electric Announces 10.64% Increase in Net Profit for 2025

Times Electric to Release FY2025 Earnings on March 27 Pre-Market (BJT), Forecast Revenue CNY 28.49 B, EPS CNY 3.0578

Goldman Sachs Downgrades CRRC Times Electric's H Shares to 'Neutral'

Times Electric repurchased shares on February 11, 2026

CRRC Times Electric repurchased 109,700 shares

Times Electric Achieved Year-over-Year Growth in Revenue and Profits in 2025

Times Electric released FY2025 annual earnings on February 6 Pre-Market (BJT), actual revenue CNY 28.7 B (forecast CNY 28.49 B), actual EPS CNY 2.99 (forecast CNY 3.0578)

Times Electric released FY2025 Q4 earnings on February 6 Pre-Market (BJT), actual revenue CNY 9.931 B (forecast CNY 9.873 B), actual EPS CNY 1.0244 (forecast CNY 1.01)

CRRC Approves 2026 Investment Plan and H Shares Repurchase Proposal

Zhuzhou CRRC Times Electric Shares Up 40% in the Last Year

Zhuzhou CRSC Times Electric Approves CRRC Group Mutual Supply Agreement for 2026-2028

CRRC Times Electric Holds Q3 2025 Earnings Briefing, Emphasizing Dual-Track Strategy

China Galaxy Securities Gives Buy Rating to Times Electric

CMB International Upgrades Rating and Earnings Estimate for S 时代电气

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TIMES ELECTRICsurged 13% after Daiwa initiated coverage with a Buy rating and a target price of HKD45. The stock opened slightly higher and reached an intraday high of HKD43, closing at HKD42.98 with a turnover of HKD398 million. Daiwa highlighted the company's strong position in the power semiconductor market and optimistic growth prospects in its emerging equipment and railway segments.

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TIMES ELECTRIC

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Guotai CES Semiconductor Chip Industry ETF

Daiwa Securities Group Inc.

TIMES ELECTRIC Surges 13% as Daiwa Initiates Buy with TP HKD45

TIMES ELECTRICshares rose over 3% following a report from CICC indicating steady 1Q26 results with solid rail transit growth. The company reported operating revenue of RMB5.102 billion, up 12.45% YoY, and a net profit of RMB643 million, up 1.91% YoY. CICC maintained its forecasts for net profit at RMB4.7 billion and RMB5.2 billion for 2026 and 2027, respectively, with an Outperform rating and a target price of HKD44, suggesting a 19.8% upside from the current price.

CICC

TIMES ELECTRIC  Up Over 3% as CICC Says 1Q26 Results Steady with Solid Rail Transit Growth

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Citigroup's research report has lowered the target price for Times Electric to 40 yuan, due to a weak outlook for its rail transit equipment and power semiconductor businesses. The report points out that the slowdown in high-speed train bidding will affect revenue growth and gross margins, and that the power semiconductor sector is facing pricing pressure and a lack of experience in capacity expansion. Earnings forecasts have been cut by 10% and 12%, maintaining a "neutral" rating, while management plans to enhance shareholder returns through share buybacks

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GTJA Allianz SSE STAR Chip Design Thematic ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Citigroup

CRRC

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Citigroup lowers Times Electric's target price to 40 yuan, outlook for this year is weak

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As of March 31 at 15:00, 131 companies on the STAR Market have disclosed their annual reports, achieving a total revenue of 584.9 billion yuan and a net profit of 47.3 billion yuan, representing year-on-year growth of 18% and 49%, respectively. In terms of dividends, the 131 companies collectively distributed cash dividends of 14.614 billion yuan, an increase of 8% year-on-year, with 71 companies having a dividend payout ratio exceeding 30%. CRSC, TRANSSION, and Times Electric distributed dividends of 1.8 billion yuan, 1.036 billion yuan, and 0.923 billion yuan, respectively. (Yicai)

36Kr

CHINA CRSC

TRANSSION

CRSC

131 companies on the Sci-Tech Innovation Board "submitted their papers": net profit increased by 49% year-on-year, cash dividends of 14.614 billion yuan

Zhuzhou CRRC Times Electric Sets April Board Meeting to Approve Q1 2026 Results

Tip Ranks

Zhuzhou CRRC Times Electric Sets April Board Meeting to Approve Q1 2026 Results

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Goldman Sachs lowers the target price for CRRC and Times Electric, expecting moderate growth in the future. CRRC's 2025 performance slightly misses expectations, with the target price reduced from HKD 6.5 to HKD 6.2, maintaining a "Buy" rating for H shares; Times Electric's performance meets expectations, with the target price lowered from CNY 59.3 to CNY 55.6, maintaining a "Neutral" rating. It is expected that CRRC's overseas business will be strong, but domestic business faces challenges; Times Electric's emerging industries drive revenue but face price competition and cost pressures

Goldman Sachs lowers the target prices for CRRC and Times Electric, expecting moderate growth in the future

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Times Electric announced its 2025 annual performance, with operating revenue of 28.703 billion RMB, an increase of 15.2% year-on-year. It recorded a net profit of 4.097 billion RMB, a growth of 10.6%, with earnings per share of 2.99 RMB. A final dividend of 0.68 RMB was declared

ChinaAMC CSI Grid Equipment Thematic ETF

E Fund CSI Green Power ETF

GF CSI All Share Power Public Service ETF

"Performance" Times Electric's annual net profit is 4.097 billion RMB, an increase of 10.6%, with a final dividend of 0.68 RMB

GRID

HD Hyundai Electric has begun expanding its North American operations with a new plant in Montgomery, Alabama. The groundbreaking ceremony took place on March 6, and the facility will cover 312,000 square feet, set to be completed by April next year. The $200 million investment will increase production capacity for extra high voltage power transformers by 50% and create 200 jobs, generating an estimated 200 billion won in additional annual revenue.

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HD Hyundai Electric Expands U.S. Operations

Zhuzhou CRRC Times Electric has launched a share buyback program covering 3.6% of its issued capital and reported strong 2025 earnings. The company's share price has increased by 9.06% over the past 30 days and 13.40% year-to-date, with a total shareholder return of 48.54% over the past year. Currently trading at a P/E of 12.7x, the stock is considered undervalued compared to industry averages. Analysts estimate a fair value of HK$58.66 per share, suggesting potential growth, although risks remain if demand softens in the rail or new energy sectors.

Simplywall

A Look At Zhuzhou CRRC Times Electric’s Valuation After Buyback Launch And Strong 2025 Results

Times Electric(688187.SH)

TIMES ELECTRIC Surges 13% as Daiwa Initiates Buy with TP HKD45

TIMES ELECTRIC Up Over 3% as CICC Says 1Q26 Results Steady with Solid Rail Transit Growth

Citigroup lowers Times Electric's target price to 40 yuan, outlook for this year is weak

131 companies on the Sci-Tech Innovation Board "submitted their papers": net profit increased by 49% year-on-year, cash dividends of 14.614 billion yuan

Zhuzhou CRRC Times Electric Sets April Board Meeting to Approve Q1 2026 Results

Goldman Sachs lowers the target prices for CRRC and Times Electric, expecting moderate growth in the future

"Performance" Times Electric's annual net profit is 4.097 billion RMB, an increase of 10.6%, with a final dividend of 0.68 RMB

HD Hyundai Electric Expands U.S. Operations

A Look At Zhuzhou CRRC Times Electric’s Valuation After Buyback Launch And Strong 2025 Results