MBZCRRC@EC2604A

Goldman Sachs Downgrades CRRC Times Electric's H Shares to 'Neutral'

Times Electric repurchased shares on February 11, 2026

CRRC Times Electric repurchased 109,700 shares

Times Electric Achieved Year-over-Year Growth in Revenue and Profits in 2025

TIMES ELECTRIC released FY2025 Q4 earnings on February 6 Pre-Market (BJT), actual revenue HKD 11.04 B (forecast HKD 10.98 B), actual EPS HKD 1.1391 (forecast HKD 1.112)

TIMES ELECTRIC released FY2025 earnings on February 6 Pre-Market (BJT), actual revenue HKD 31.43 B (forecast HKD 31.7 B), actual EPS HKD 3.2788 (forecast HKD 3.3196)

CRRC Approves 2026 Investment Plan and H Shares Repurchase Proposal

Zhuzhou CRRC Times Electric Shares Up 40% in the Last Year

Zhuzhou CRSC Times Electric Approves CRRC Group Mutual Supply Agreement for 2026-2028

CRRC Times Electric Holds Q3 2025 Earnings Briefing, Emphasizing Dual-Track Strategy

China Galaxy Securities Gives Buy Rating to Times Electric

CMB International Upgrades Rating and Earnings Estimate for S 时代电气

XYZ Securities Analyzes Times Electrical's Performance Meeting Expectations

Goldman Sachs 下调 Transtem 目标价和盈利预测

UBS Raises Earnings Forecast and Target Price for Times Electric to HKD 48.3

Var 电工 Electric Times announces its power semiconductor business is 配套法雷奥大批量出口海外市场

First Shanghai Maintains Buy Rating on Times Electric

BofA Securities Cuts Earnings Forecast for Times Electric but Raises Target Price

CRRC Times Electric Registers New Software Copyright for Train Autonomous Driving Network

Nomura Maintains Buy Rating on Times Electric and Raises Target Price

D&G TECH

SHANDONG MOLONG

CHK OIL

PETRO-KING

JIAXIN INTL RES

JX ENERGY

EASY SMART GP

YUANHENG GAS

MIE HOLDINGS

SINOPEC SSC

GS-C

688187

GS-D

GS-A

03898

Goldman Sachs Downgrades Zhuzhou CRRC Times Electric to Neutral from Buy; Price Target is HK$43.90

marketscreener

GOLDMAN SACHS GROUP INC DEP SHS REPSTG 1/1000TH PRF SER C

Times Electric

GOLDMAN SACHS GROUP INC DEP REP 1/1000TH PRF D

GOLDMAN SACHS GROUP INC DEP SHR REP 1/1000TH PFD SER A

TIMES ELECTRIC

Goldman Sachs

Goldman Sachs Downgrades Zhuzhou CRRC Times Electric to Neutral from Buy; Price Target is HK$43.90

159611

562960

159326

Times Electric announced its performance preliminary report for last year, with total operating revenue reaching 28.761 billion yuan (the same below), an annual increase of 15.46%, net profit of 4.105 billion, an annual increase of 10.88%; basic earnings per share of 3 yuan

AASTOCKS

GF CSI All Share Power Public Service ETF

E Fund CSI Green Power ETF

ChinaAMC CSI Grid Equipment Thematic ETF

"Performance Express" Times Electric's annual net profit is 4.105 billion RMB, an increase of 10.9%

Zhuzhou CRRC Times Electric (HKG:3898) has seen a 40% increase in share price over the past year, outperforming the market's 33% return. However, its earnings per share (EPS) grew by only 18%, indicating a higher market sentiment towards the company. The total shareholder return (TSR) for the past year was 47%, boosted by dividends, suggesting recent improvements in performance compared to a 1.2% annualized return over the last five years. Investors are encouraged to consider the company's growth potential and insider buying activity.

Simplywall

Zhuzhou CRRC Times Electric's (HKG:3898) one-year earnings growth trails the favorable shareholder returns

01536

02338

YUK WING GP surged 33.91%; WEICHAI POWER rose 3.06%, with a transaction volume of HKD 768 million; TIMES ELECTRIC increased by 3.42%, with a transaction volume of HKD 179 million; SANY International rose 7.66%, with a transaction volume of HKD 137 million; SANY Heavy Industry fell 2.33%, with a market value of HKD 208.5 billion

HK Stock Movers Tracker

YUK WING GP

WEICHAI POWER

Hong Kong stock movement: YUK WING GP's independent director resigns, stock price soars, WEICHAI POWER and TIMES ELECTRIC both rise over 3%

01133

601727

02727

600875

01072

The State Grid released its "14th Five-Year" investment plan, expecting fixed asset investment to reach 4 trillion yuan, a 40% increase compared to the "13th Five-Year" period. This news has driven a general rise in stocks related to power grids and electrical equipment, with Dongfang Electric rising 10.8% to 27.46 yuan, currently reported at 25.86 yuan; Harbin Electric rising 7.7% to 19.2 yuan, currently reported at 18.66 yuan; China Energy Engineering rising 5.45% to 1.16 yuan; Shanghai Electric rising 2.5% to 4.51 yuan; Times Electric rising 2.4% to 39.64 yuan

HARBIN ELECTRIC

Shanghai Electric

SH ELECTRIC

DEC.LTD

DONGFANG ELEC

The State Grid's "14th Five-Year Plan" has been released, and stocks related to the power grid are being speculated. Dongfang Electric once rose by 10%, and Harbin Electric has hit a new high

Times Electric (3898.HK) closed on January 8 under short-selling pressure, with a weak rebound from bulls during the day, primarily oscillating at low levels. This week, the equipment manufacturing sector's main line is loose, with a slowdown in industry order growth and a decline in enthusiasm for new infrastructure, limiting the momentum for capital chasing. The company has not seen any positive catalysts, and the delay in bidding for external railway electrical equipment projects has further shrunk market confidence. Technically, the stock price quickly fell towards the support zone of HKD 37.2, with a MACD death cross, all short-term and medium-term moving averages in a bearish arrangement, and the lower Bollinger band repeatedly tested, with scattered buying distribution and weak proactive attacks. There has been no significant return of main funds in terms of volume. Looking ahead, if the equipment sector does not trigger new positive news or significant fund replenishment, the balanced pattern is difficult to break, and there is still a risk of further declines. From an operational perspective, it is recommended to maintain a light position and observe, being cautious of rapid sell-offs during the day, and waiting for signs of stabilization after the resonance of technology and policy

Technical Forecast

Morning Trend | TIMES ELECTRIC tests key support level, can the main force replenish to form?

Zhuzhou CRRC Times Electric Co. held its first extraordinary general meeting of 2025, where shareholders approved the 2026-2028 CRRC Group Mutual Supply Agreement. This agreement is crucial for the company's operations, affecting market positioning and stakeholder relationships. The latest analyst rating for the stock is a Buy with a HK$44.00 price target. The company focuses on electric components for rail transit vehicles, with a YTD price performance of 23.86% and a market cap of HK$66.72B.

Tip Ranks

Zhuzhou CRRC Times Electric Approves Key Supply Agreement at EGM

Zhuzhou CRRC Times Electric Co. Ltd. has filed its updated director list with HKEX. Li Donglin chairs the Board and several committees. Shang Jing, Xu Shaolong, and several Independent Non-executive Directors hold various committee roles. The Board oversees six committees: Strategy and ESG, Audit, Risk Control, Nomination, Remuneration, and Science and Technology Innovation. This information was published by Zhuzhou CRRC Times Electric via HKEX's Issuer Information Service.

Reuters

Zhuzhou CRRC Times Electric Files Director List to HKEX

Zhuzhou CRRC Times Electric Co. Ltd. has appointed Ms. Chen Zhiman as a member of the Strategy and ESG Committee and the Science and Technology Innovation Committee of the Board, effective December 15, 2025. The other board committees remain unchanged. This announcement was made via the Hong Kong Stock Exchange's Issuer Information Service.

Chen Zhiman Joins Strategy and ESG, Science and Technology Committees at Zhuzhou CRRC Times Electric

Zhuzhou CRRC Times Electric Co. Ltd. has appointed Ms. Chen Zhiman as the Employee Director of its board. Ms. Chen is a senior engineer with a degree in industrial electrical automation from Zhejiang University. She will serve for the current board term. This appointment was announced via the Hong Kong Stock Exchange's Issuer Information Service.

Zhuzhou CRRC Times Electric Appoints Chen Zhiman as Employee Director

Zhuzhou CRRC Times Electric Co., Ltd. will hold its 2025 First Extraordinary General Meeting on 15 December 2025 at Times Hotel, Zhuzhou, China. Shareholders will vote on resolutions regarding continuing connected transactions with CRRC Group.

Zhuzhou CRRC Times Electric Co. Ltd. Announces Date for 2025 First Extraordinary General Meeting

MBZCRRC@EC2604A(26902.HK)

Goldman Sachs Downgrades Zhuzhou CRRC Times Electric to Neutral from Buy; Price Target is HK$43.90

"Performance Express" Times Electric's annual net profit is 4.105 billion RMB, an increase of 10.9%

Zhuzhou CRRC Times Electric's (HKG:3898) one-year earnings growth trails the favorable shareholder returns

Hong Kong stock movement: YUK WING GP's independent director resigns, stock price soars, WEICHAI POWER and TIMES ELECTRIC both rise over 3%

The State Grid's "14th Five-Year Plan" has been released, and stocks related to the power grid are being speculated. Dongfang Electric once rose by 10%, and Harbin Electric has hit a new high