CRRC Times Electric (03898.HK) repurchased 89,800 shares at a cost of 3.4375 million Hong Kong dollars on May 13.

Gelonghui reported on May 13 that Times Electric (03898.HK) announced it had repurchased 89,800 shares at a cost of HKD 3.4375 million on May 13, 2026. The repurchase price ranged from HKD 37.5 to HKD 38.98 per share.

Gelonghui FinanceMay 13 17:05

Hong Kong Stock Market Close (May 13) | Hang Seng Index Up 0.15%; Post-Earnings Surge for JD.com-Related Stocks; AI Supply Chain Demonstrates Strong Afternoon Rally

The Hong Kong stock market exhibited volatile movements today, with the three major indices surging during the session but subsequently retreating. Both the Hang Seng Index and the Hang Seng Tech Index closed in positive territory.

Zhitong FinanceMay 13 16:44

Express News | The concept of silicon carbide remains highly active, with Tianyue Advanced Materials surging over 10% to reach a record high.

BreakingsMay 13 13:07

Hong Kong Stock Market Midday Review | Hang Seng Index rose 0.26% in the morning session, with two newly listed stocks surging significantly.

Dongfang Electric (01072) surged over 6% again as global gas turbine production schedules remain tight, with overseas orders gradually contributing to profit growth.

Zhitong FinanceMay 13 12:00

CRRC Times Electric (03898.HK) surged 13% after Daiwa initiated coverage with a "Buy" rating and a target price of HKD 45, driven by an upcycle in power semiconductors propelled by AIDC.

CRRC Times Electric (03898.HK) opened 0.1% higher today (August 13), and its gains expanded significantly in the early session, reaching a high of HKD 43. The stock is currently trading at HKD 42.98, up 13.22%, with a trading volume of 9.6463 million shares and a turnover of HKD 398 million. Daiwa Securities issued a research report initiating coverage on CRRC Times Electric with a "Buy" rating. Considering the upward cycle for power semiconductors driven by AIDC, Daiwa expressed optimism about the company’s leading position in the domestic market, improvement in fundamental business factors, and attractive valuation. The target price was set at HKD 45. The brokerage believes that the company is benefiting from multiple upward cycles, with promising prospects for its emerging equipment business, while its railway equipment business continues to see steady growth.

AASTOCKSMay 13 11:13

The share price of Times Electric has risen, driven by an intensifying imbalance between supply and demand in the power semiconductor market, with the company's related operations entering the production phase.

CRRC Times Electric's power semiconductor business has entered the production phase. Reportedly, the third phase of the Yixing project has commenced operations, while the third phase of the Zhuzhou silicon carbide project partially began production in 2026, leading to a rapid increase in power semiconductor capacity.

Zhitong FinanceMay 13 11:03