智通财经网·2025-09-08 03:39Core 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]