Xin Lang Cai Jing·2025-11-04 07:21Core Viewpoint - The stock price of Times Electric has been declining for four consecutive days, with a total drop of 12.81% during this period, leading to concerns about its market performance and investor sentiment [1]. Group 1: Company Overview - Times Electric, officially known as Zhuzhou CRRC Times Electric Co., Ltd., is located in Zhuzhou, Hunan Province, and was established on September 26, 2005. It was listed on September 7, 2021 [1]. - The company primarily engages in the research, design, manufacturing, and sales of rail transit equipment, with a product structure that includes "devices + systems + complete machines." Its main products consist of rail transit traction conversion systems, rail engineering machinery, and communication signal systems [1]. - The revenue composition of the company is as follows: rail transit equipment business accounts for 56.58%, emerging equipment business for 42.94%, and other businesses for 0.48% [1]. Group 2: Shareholder Information - Among the top ten circulating shareholders of Times Electric, one fund from Huaxia Fund holds a significant position. The Huaxia SSE Sci-Tech Innovation Board 50 ETF (588000) reduced its holdings by 5.1715 million shares in the third quarter, now holding 9.2025 million shares, which represents 0.68% of the circulating shares [2]. - The estimated floating loss for this fund today is approximately 13.34 million yuan, with a total floating loss of 67.9148 million yuan during the four-day decline [2]. - The Huaxia SSE Sci-Tech Innovation Board 50 ETF (588000) was established on September 28, 2020, and has a current scale of 75.62 billion yuan. Year-to-date returns are 41.08%, ranking 1065 out of 4216 in its category, while the one-year return is 48.72%, ranking 781 out of 3896 [2]. Group 3: Fund Holdings - The Huaxia SSE Smart Selection Sci-Tech Innovation Board Value 50 Strategy ETF (589550) holds 26,900 shares of Times Electric, which constitutes 2.53% of the fund's net value, making it the eighth-largest holding [3]. - The estimated floating loss for this fund today is about 39,000 yuan, with a total floating loss of 198,700 yuan during the four-day decline [3]. - The Huaxia SSE Smart Selection Sci-Tech Innovation Board Value 50 Strategy ETF (589550) was established on July 16, 2025, and has a current scale of 5.61035 million yuan, with a return of 23.68% since inception [3].