Core Viewpoint - A block trade of 89,000 shares of Times Electric occurred on December 25, with a transaction value of 3.6116 million yuan, at a price of 40.58 yuan, representing a discount of 20.15% compared to the closing price of the day [1] Group 1: Block Trade Details - The block trade involved a volume of 89,000 shares and a transaction amount of 3.6116 million yuan [1] - The transaction price was 40.58 yuan, which is a 20.15% discount relative to the closing price of the day [1] - The buyer was Hongta Securities Co., Ltd. Zhengzhou Future Road Securities Business Department, while the seller was CITIC Securities (Shandong) Co., Ltd. Zhengzhou Yellow River Road Securities Business Department [1] Group 2: Market Performance - Times Electric's closing price on the same day was 50.82 yuan, with a slight increase of 0.24% [1] - The daily turnover rate was 0.29%, with a total transaction amount of 12.7 million yuan [1] - There was a net outflow of main funds amounting to 4.0556 million yuan for the day, and over the past five days, the stock has cumulatively increased by 4.42% with a total net outflow of 18.211 million yuan [1] Group 3: Margin Trading Data - The latest margin financing balance for Times Electric is 668 million yuan, with an increase of 0.9332 million yuan over the past five days, reflecting a growth rate of 0.14% [1]

Core Insights - On December 25, Times Electric executed a block trade of 89,000 shares, amounting to 3.6116 million yuan, which represented 2.76% of the total trading volume for the day [1][2] - The transaction price was 40.58 yuan, reflecting a discount of 20.15% compared to the market closing price of 50.82 yuan [1] Summary by Category - **Transaction Details** - Date of transaction: December 25 [2] - Security name: Times Electric [2] - Security code: 688187 [2] - Transaction price: 40.58 yuan [2] - Transaction amount: 3.6116 million yuan [2] - Transaction volume: 89,000 shares [2] - **Market Context** - The transaction price was significantly lower than the market closing price, indicating a notable discount of 20.15% [1]

Core Viewpoint - The report highlights the financial performance and stock trading activities of Zhuzhou CRRC Times Electric Co., Ltd., indicating a mixed trading environment with significant financing activities and a solid revenue growth trajectory. Group 1: Financial Performance - For the period from January to September 2025, the company achieved operating revenue of 18.83 billion yuan, representing a year-on-year growth of 15.83% [2] - The net profit attributable to shareholders for the same period was 2.72 billion yuan, reflecting a year-on-year increase of 8.77% [2] - Cumulatively, the company has distributed a total of 5.11 billion yuan in dividends since its A-share listing, with 3.84 billion yuan distributed over the past three years [3] Group 2: Stock Trading Activities - On December 23, the company's stock rose by 0.54%, with a trading volume of 192 million yuan [1] - The financing buy-in amount for the company on the same day was 34.14 million yuan, while the financing repayment was 38.12 million yuan, resulting in a net financing outflow of 3.98 million yuan [1] - As of December 23, the total margin trading balance for the company was 676 million yuan, with the financing balance accounting for 1.55% of the circulating market value, indicating a high level compared to the past year [1] Group 3: Shareholder Structure - As of November 30, the number of shareholders for the company was 18,800, a decrease of 16.23% from the previous period [2] - The average circulating shares per shareholder remained at 0 shares, unchanged from the previous period [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third-largest, holding 16.42 million shares, an increase of 477,500 shares from the previous period [3]

Core Viewpoint - The company has extensive experience in the power transmission and distribution sector, having served over 40 domestic and international ultra-high voltage direct current and flexible direct current transmission projects, indicating a strong market position and expertise in the industry [1] Group 1: Company Overview - The company has been deeply engaged in the power transmission and distribution field for nearly 20 years [1] - The company holds approximately 50% market share in the domestic power transmission and distribution sector, competing with international peers [1] - The company offers a wide range of products and complete solutions, with plans to continue developing higher capacity, high power density, and highly reliable products based on the needs of the power grid and energy application fields [1]

Core Viewpoint - The company has announced a change in its continuous supervision sponsor representative, with the new representative being Ms. Feng Xiaohan, replacing Mr. Liao Hanqing due to personal work changes [1][2]. Group 1: Change of Sponsor Representative - The company received a letter from China International Capital Corporation (CICC) regarding the change of its continuous supervision sponsor representative [1]. - Mr. Liao Hanqing will no longer serve as the sponsor representative, and Ms. Feng Xiaohan has been appointed to take over this role [1]. - The continuous supervision period was originally set to end on December 31, 2024, but will continue due to unutilized raised funds [1]. Group 2: Background of New Representative - Ms. Feng Xiaohan is currently the Deputy General Manager of the Investment Banking Department at CICC and obtained her sponsor representative qualification in 2020 [3]. - She has participated in significant projects, including the company's IPO on the Sci-Tech Innovation Board and Postal Savings Bank's A-share issuance to specific investors [3]. - Ms. Feng has a good professional record and has adhered to relevant regulations during her practice in the sponsorship business [3].

Group 1 - The core point of the article is the announcement by Times Electric regarding a change in its continuous supervision sponsor representative due to personal work changes of Mr. Liao Hanqing [1] - Mr. Liao Hanqing will be replaced by Ms. Feng Xiaohan, who has been appointed by CICC to ensure the orderly conduct of continuous supervision work [1] - After this change, the company's continuous supervision sponsor representatives will be Mr. Li Xin and Ms. Feng Xiaohan [1]

Core Viewpoint - The company has announced a change in its continuous supervision sponsor representative, with the new representative appointed to ensure ongoing compliance and oversight following its IPO on the Sci-Tech Innovation Board [1] Group 1: Company Announcement - The company received a letter from China International Capital Corporation regarding the replacement of its continuous supervision sponsor representative [1] - The original supervision period was set to end on December 31, 2024, but will continue due to unutilized raised funds [1] - Mr. Liao Hanqing will no longer serve as the sponsor representative due to personal work changes, and Ms. Feng Xiaohan has been appointed as the new representative [1] Group 2: Continuous Supervision - The continuous supervision obligations will be fulfilled by the newly appointed representatives, Mr. Li Xin and Ms. Feng Xiaohan [1] - The change aims to ensure the orderly conduct of the continuous supervision work [1]

Core Viewpoint - The company, Times Electric (03898), has announced a change in its continuous supervision sponsor representative due to personal work changes of the previous representative, ensuring ongoing compliance with regulatory requirements [1] Group 1: Company Announcement - Times Electric received a letter from China International Capital Corporation (CICC) regarding the replacement of its continuous supervision sponsor representative [1] - The continuous supervision period, originally set to end on December 31, 2024, will continue as the company has not fully utilized the raised funds from its initial public offering [1] - The new representative, Feng Xiaohan, will replace the previous representative, Liao Hanqing, to ensure the orderly conduct of continuous supervision [1] Group 2: Regulatory Compliance - CICC will continue to fulfill its supervisory obligations as the company’s sponsor due to the unspent raised funds [1] - The current continuous supervision sponsor representatives are Li Xin and Feng Xiaohan following the change [1]

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） 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 變 更 持 續 督 導 保 薦 代 表 人 的 公 告》，僅 供 參 閱。 承董事會命 株洲中車時代電氣股份有限公司 董事長 李東林 中國，株洲，二零二五年十二月十八日 於本公告日期，本公司董事長兼執行董事為李東林；副董事長兼執行董事為尚敬； 其他執行董事為徐紹龍；獨立非執行董事為李開國、鍾寧樺、林兆豐及馮曉雲；以 及職工董事陳志漫。 证券代码：68818 ...

证券代码：688187（A 股） 证券简称：时代电气（A 股） 公告编号：2025-045 证券代码： 3898（H 股） 证券简称：时代电气（H 股） 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。 株洲中车时代电气股份有限公司（以下简称 "公司"或"时代电气"）于 近日收到中国国际金融股份有限公司（以下简称"中金公司"）出具的《关于更 换株洲中车时代电气股份有限公司持续督导保荐代表人的函》。作为公司首次公 开发行股票并在科创板上市后的持续督导保荐机构，中金公司对公司的持续督导 期原定至 2024 年 12 月 31 日止。前述期限届满后因公司募集资金尚未使用完毕， 中金公司就相关事项继续履行持续督导义务。 现廖汉卿先生因个人工作变动原因，不再继续担任公司持续督导保荐代表 人。为保证持续督导工作的有序进行，中金公司委派冯笑涵女士（简历见附件） 接替廖汉卿先生担任公司的持续督导保荐代表人履行持续督导期的保荐工作。 本次变更后，公司持续督导保荐代表人为李鑫先生和冯笑涵女士。 公司董事会对廖汉卿先生在持续督导期间所做的工作表示 ...