Xin Lang Zheng Quan·2025-09-25 06:08Core Viewpoint - The stock of Times Electric has shown a significant increase in price and trading volume, indicating positive market sentiment and performance in the rail transportation equipment 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 the research, design, manufacturing, and sales of rail transportation equipment, with a product structure that includes "devices + systems + complete machines" [1]. - The main business revenue composition is as follows: rail transportation equipment business accounts for 56.58%, emerging equipment business for 42.94%, and others for 0.48% [1]. Financial Performance - For the first half of 2025, Times Electric achieved operating 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, up 10.93% year-on-year [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 Structure - As of June 30, 2025, the number of shareholders for Times Electric was 21,800, a decrease of 11.12% from the previous period. The average number of 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].