本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 证券代码：688187（A 股） 证券简称：时代电气（A 股） 公告编号：2025-035 证券代码： 3898（H 股） 证券简称：时代电气（H 股） 株洲中车时代电气股份有限公司 关于参加 2025 年湖南辖区上市公司投资者 网上集体接待日暨半年度业绩说明会活动 的公告 特此公告！ 株洲中车时代电气股份有限公司董事会 2025 年 9 月 12 日 为进一步加强与投资者的互动交流，株洲中车时代电气股份有限公司（以下 简称"公司"）将参加由湖南证监局、湖南省上市公司协会与深圳市全景网络有 限公司联合举办的"资本聚三湘 楚光耀新程--2025 年湖南辖区上市公司投资者 网上集体接待日暨半年度业绩说明会"活动，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 9 月 19 日（星期五） 14:00-17 ...

海外監管公告 本 公 告 乃 由 株 洲 中 車 時 代 電 氣 股 份 有 限 公 司（「本公司」）根 據 香 港 聯 合 交 易 所 有 限 公司證券上市規則第13.10B條而作出。 茲 載 列 本 公 司 在 上 海 證 券 交 易 所 網 站 刊 登 之《株 洲 中 車 時 代 電 氣 股 份 有 限 公 司 關 於參加2025年湖南轄區上市公司投資者網上集體接待日暨半年度業績說明會活動 的 公 告》，僅 供 參 閱。 承董事會命 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對 其 準 確 性 或 完 整 性 亦 不 作 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3898） 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 9 月 19 日（星期五） 14:00 ...

Core Viewpoint - Zhuzhou CRRC Times Electric Co., Ltd. has been recognized as the first component enterprise in the rail transit equipment industry to be included in the Ministry of Industry and Information Technology's 2025 Excellent Intelligent Factory Project list, highlighting its leadership in digitalization, networking, and intelligent transformation [1] Group 1 - The company has launched a smart manufacturing strategy since 2015, establishing a comprehensive intelligent system covering research and design, production, and operation management over ten years [1] - The intelligent factory project aims to enhance the company's capabilities in digital optimization and smart manufacturing, integrating design, production, and operational data [1] - The company has developed a replicable and promotable digital solution model for intelligent factories, providing valuable experience for the entire rail transit equipment manufacturing industry [2] Group 2 - The recognition serves as a new starting point for the company to continue leading the intelligent upgrade of the rail transit equipment manufacturing industry [2]

Market Overview - The rail transit equipment sector experienced a slight decline of 0.1% on September 10, with Times New Material leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Individual Stock Performance - Notable gainers in the rail transit equipment sector included: - Railway Technology (301016) with a closing price of 23.20, up 9.13% and a trading volume of 206,000 shares, totaling 467 million yuan [1] - Traffic Control Technology (688015) closed at 25.01, up 5.48% with a trading volume of 66,300 shares, totaling 163 million yuan [1] - Dinghan Technology (300011) closed at 8.46, up 2.67% with a trading volume of 188,600 shares, totaling 158 million yuan [1] - Conversely, Times New Material (600458) saw a decline of 3.02%, closing at 14.46 with a trading volume of 149,200 shares, totaling 217 million yuan [2] - Other notable decliners included: - Bid Technology (605298) down 2.12% to 42.99 with a trading volume of 157,700 shares, totaling 679 million yuan [2] - Kanni Electromechanical (603111) down 1.76% to 7.82 with a trading volume of 177,100 shares, totaling 138 million yuan [2] Capital Flow Analysis - The rail transit equipment sector saw a net outflow of 169 million yuan from institutional investors, while retail investors contributed a net inflow of 38.63 million yuan [2] - Key stocks with significant capital flow included: - Railway Technology (301016) with a net outflow of 24.22 million yuan from institutional investors [3] - Times Electric (688187) recorded a net inflow of 21.17 million yuan from institutional investors [3] - Traffic Control Technology (688015) had a net inflow of 20.85 million yuan from institutional investors [3]

9月8日，时代电气涨5.02%，截至发稿，报49.56元/股，成交3.26亿元，换手率0.77%，总市值673.00亿 元。 资料显示，株洲中车时代电气股份有限公司位于湖南省株洲市石峰区时代路，成立日期2005年9月26 日，上市日期2021年9月7日，公司主营业务涉及公司主要从事轨道交通装备产品的研发、设计、制造、 销售并提供相关服务,具有"器件+系统+整机"的产业结构,产品主要包括以轨道交通牵引变流系统为主的 轨道交通电气装备、轨道工程机械、通信信号系统等。主营业务收入构成为：轨道交通装备业务 56.58%，新兴装备业务42.94%，其他0.48%。 从时代电气十大流通股东角度 数据显示，易方达基金旗下1只基金位居时代电气十大流通股东。易方达上证科创板50ETF（588080） 二季度增持30.56万股，持有股数1079.33万股，占流通股的比例为1.4%。根据测算，今日浮盈赚取约 2558.01万元。 易方达上证科创板50ETF（588080）成立日期2020年9月28日，最新规模626.83亿。今年以来收益 28.64%，同类排名1257/4222；近一年收益89.26%，同类排名392/3795；成 ...

Core Viewpoint - The stock of Times Electric has experienced fluctuations, with a recent decline of 2.08% on August 27, 2023, while the company shows a positive growth trend in its stock price over various time frames [1]. Financial Performance - For the first half of 2025, Times Electric reported a revenue of 12.214 billion yuan, representing a year-on-year growth of 18.77%. The net profit attributable to shareholders was 1.672 billion yuan, reflecting a year-on-year increase of 10.93% [2]. - Cumulatively, Times Electric has distributed 4.512 billion yuan in dividends since its A-share listing, with 3.238 billion yuan distributed over the past three years [3]. Shareholder and Market Activity - As of June 30, 2025, the number of shareholders for Times Electric decreased to 21,800, a reduction of 11.12%. The average number of circulating shares per person increased by 13.09% to 13,443 shares [2]. - The major shareholders include Hong Kong Central Clearing Limited, which holds 15.9467 million shares, a decrease of 4.5628 million shares from the previous period. Other significant shareholders include various ETFs, with some increasing their holdings [3]. Stock Performance - Year-to-date, Times Electric's stock price has increased by 4.33%, with notable gains of 6.55% over the last five trading days, 11.78% over the last 20 days, and 15.72% over the last 60 days [1].

Core Viewpoint - The stock of Times Electric has experienced fluctuations, with a recent decline of 2.01%, and the company shows a mixed performance in terms of stock price and trading volume [1] Company Overview - Times Electric, established on September 26, 2005, and listed on September 7, 2021, is located in Zhuzhou, Hunan Province. The company specializes in the research, design, manufacturing, and sales of rail transit equipment, with a product structure that includes "devices + systems + complete machines" [1] - The main business revenue composition is as follows: rail transit equipment business accounts for 56.58%, emerging equipment business 42.94%, and others 0.48% [1] Financial Performance - For the first half of 2025, Times Electric achieved an operating income of 12.214 billion yuan, representing a year-on-year growth of 18.77%. The net profit attributable to the parent company was 1.672 billion yuan, with a year-on-year increase of 10.93% [2] - Since its A-share listing, Times Electric has distributed a total of 4.512 billion yuan in dividends, with 3.238 billion yuan distributed in the last three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders of Times Electric was 21,800, a decrease of 11.12% from the previous period. The average circulating shares per person increased by 13.09% to 13,443 shares [2] - The top circulating shareholders include Hong Kong Central Clearing Limited, holding 15.9467 million shares (a decrease of 4.5628 million shares), and Huaxia SSE STAR 50 ETF, holding 14.3741 million shares (a decrease of 308,500 shares) [3]

Core Viewpoint - Times Electric reported a strong performance in the first half of the year, with significant revenue and profit growth, supported by stable sales in the railway equipment sector and expansion in new industries [1] Financial Performance - The company achieved a revenue of approximately 12.214 billion yuan, representing a year-on-year increase of 17.95% [1] - Net profit reached about 1.6715 billion yuan, reflecting a year-on-year growth of 12.93% [1] Market Analysis - HSBC's report highlights that Times Electric's sales growth in new industries is supported by stable capacity expansion, while railway equipment sales remain steady [1] - Key catalysts for growth include stronger bidding for high-speed trains and locomotives, faster capacity enhancement at the Yixing IGBT factory, alleviated price competition, and the first interim dividend distribution [1] Investment Outlook - Despite underperforming against the Hang Seng Index this year, HSBC maintains a "Buy" rating for Times Electric, citing low valuation and steady progress in new industry sales as factors supporting a valuation reassessment [1] - The target price for H-shares has been raised from 38 HKD to 47 HKD, implying a projected price-to-earnings ratio of 13 times for 2026, reflecting stronger long-term growth potential [1]

Core Viewpoint - Times Electric (03898) reported a strong performance in its interim results, with significant revenue and profit growth, indicating a positive outlook for the company's future performance [1] Financial Performance - For the first half of the year, Times Electric achieved a revenue of approximately 12.214 billion yuan, representing a year-on-year increase of 17.95% [1] - The net profit for the same period was around 1.6715 billion yuan, reflecting a year-on-year growth of 12.93% [1] Market Outlook - Huatai Securities anticipates that the company's performance will continue to grow steadily in the second half of the year, driven by peak demand for national railway repairs and new train set tenders, as well as breakthroughs in high-power devices, renewable energy generation, and deep-sea equipment sectors [1] - HSBC's report highlights that the sales growth in new industries is supported by stable capacity expansion, while railway equipment sales remain stable [1] Catalysts for Growth - Key catalysts for Times Electric's growth include stronger tenders for train sets and locomotives, faster capacity enhancement at the Yixing IGBT factory, alleviated price wars, and the first interim dividend distribution [1] - HSBC has raised the target price for Times Electric's H-shares from 38 HKD to 47 HKD, implying a projected price-to-earnings ratio of 13 times for 2026, reflecting stronger long-term growth potential [1]

Core Viewpoint - Times Electric (03898) reported a strong performance in its interim results, with significant revenue and profit growth, indicating a positive outlook for the company's future performance [1] Financial Performance - For the first half of the year, Times Electric achieved revenue of approximately 12.214 billion yuan, representing a year-on-year increase of 17.95% [1] - The net profit for the same period was around 1.6715 billion yuan, reflecting a year-on-year growth of 12.93% [1] Market Outlook - According to Huatai Securities, the company is expected to maintain steady growth in the second half of the year due to ongoing demand from national railway maintenance and new high-speed train tenders [1] - The company is also making progress in high-power devices, renewable energy generation, and deep-sea equipment, which are expected to contribute to order breakthroughs [1] Analyst Ratings and Price Target - HSBC's report highlights that the growth in new industry sales is supported by stable capacity expansion, while railway equipment sales remain stable [1] - Key catalysts for growth include stronger tenders for high-speed trains and locomotives, faster capacity increases at the Yixing IGBT factory, alleviated price competition, and the first interim dividend distribution [1] - HSBC maintains a "Buy" rating for Times Electric, raising the H-share target price from 38 HKD to 47 HKD, reflecting a projected price-to-earnings ratio of 13 times for 2026, indicating stronger long-term growth potential [1]