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]

Core Viewpoint - The stock of Times Electric has experienced fluctuations, with a recent decline of 2.01% on September 4, 2023, and a total market capitalization of 62.22 billion yuan. The company is involved in the research, design, manufacturing, and sales of rail transit equipment, with a significant portion of its revenue coming from this sector [1][2]. 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 rail transit equipment, including traction conversion systems, rail engineering machinery, and communication signal systems. Its revenue composition is 56.58% from rail transit equipment, 42.94% from emerging equipment, and 0.48% from other sources [1][2]. Financial Performance - For the first half of 2025, Times Electric reported a revenue of 12.21 billion yuan, reflecting a year-on-year growth of 18.77%. The net profit attributable to shareholders was 1.67 billion yuan, marking a 10.93% increase compared to the previous year [2]. Shareholder Information - As of June 30, 2025, Times Electric had 21,800 shareholders, a decrease of 11.12% from the previous period. The average number of circulating shares per shareholder increased by 13.09% to 13,443 shares [2]. Dividend Distribution - Since its A-share listing, Times Electric has distributed a total of 4.51 billion yuan in dividends, with 3.24 billion yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 15.95 million shares, a decrease of 4.56 million shares from the previous period. Other notable shareholders include Huaxia SSE STAR 50 ETF and E Fund SSE STAR 50 ETF, with varying changes in their holdings [3].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 株洲中車時代電氣股份有限公司 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03898 | 說明 | H 股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 489,040,900 | | 0 | | 489,040,900 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 489,040,900 | | 0 | | 489,040,900 | 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 株洲中車時代電氣股份有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03898 | 說明 | H 股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 489,040,900 | RMB | | 1 | RMB | | 489,040,900 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 489,040,900 | RMB | | | 1 RMB | | 489,040,900 | | 2. 股份分 ...

证券代码：688187（A 股） 证券简称：时代电气 （A 股） 公告编号：2025-034 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 首次公开发行限售股股票上市流通公告 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。 重要内容提示： 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为 589,585,699股。 本次股票上市流通总数为589,585,699股。 本次股票上市流通日期为2025 年 9 月 8 日。（因 2025 年 9 月 7 日为非交易 日，故顺延至下一交易日） 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于 2021 年 6 月 22 日出具的《关于同意株洲中 车时代电气股份有限公司首次公开发行股票注册的批复》（证监许可[2021]2112 号），株洲中车时代电气股份有限公司（以下简称"公司"、"时代电气"或"中车 时代电气"）首次公开发行人民币普通股（A 股）240,760,275 股，并于 2021 年 9 月 7 日在上海 ...

海外監管公告 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） 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；以及獨立非執行董事為李開國、鍾寧樺、林兆豐及馮曉雲。 证券代码：688187（A 股） 证券简称：时代电气 （A 股） 公告编号：2025-034 证券代码： 3898（H 股） 证券简称：时代电气（H 股） 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 首 次公開發 行 限售股 股 票 上 市 流 通 公 告》， ...