No Data
No Data
Big Bank Ratings|Damo: The railway business recorded a strong recovery in the “gain” rating for Shidai Electric
Glonghui, April 28 | Morgan Stanley published a research report stating that Times Electric's railway business recorded a strong recovery in the first quarter of this year, and the expansion of gross margin supported the steady growth of the company's net profit. According to the bank, Times Electric's bidding situation in the second quarter of this year will be the key to its continued growth. Although the company's emerging business performance in the first quarter fell slightly short of Damo's expectations, the bank remained constructive about the company's long-term growth potential. Damo also anticipates that Times Electric's railway equipment business this year will grow steadily during the industrial upgrade cycle. At the same time, it is expected that the growth of emerging businesses should slow down, but on a yearly basis
Big Bank Ratings | Citigroup: Reiterating Times Electric's “Buy” Rating: Rail Transportation Business Performance Is Strong
GLONGHUI, April 28 | According to a report by Citigroup Research, Times Electric announced strong results for the first quarter of 2024, although the year-on-year increase in profit during the period was lower than CRRC. The company's net profit increased 30% year-on-year to 568 million yuan, which mainly led to a 27% year-on-year increase in revenue for the first quarter of 2024 and a 1.6 percentage point increase in gross margin over the same period last year. According to the bank, unlike the first few quarters of 2023, Times Electric's rail transit business recorded a 44% year-on-year increase in the first quarter, replacing the emerging equipment business as the main driving force for growth in the first quarter, which is also in line with management's views. The bank also believes that gross margin recorded a year-on-year increase of 1.
Times Electric (688187): Subsidiary capital increase project implemented two-wheel drive for traditional rail transit and emerging equipment
Incident: The signing ceremony for the capital increase and introduction of strategic investors from Zhuzhou CRRC Times Semiconductor Co., Ltd. was held on April 26. There were 25 strategic investors including Zhuzhou Guochuang, SAIC Motor Group, Chengdu Rail Transit, and the National Integrated Circuit Industry Investment Fund Phase II.
China Galaxy released a research report on April 28 stating that it gave Time Electric (688187.SH) a recommended rating. The main reasons for the rating include: 1) steady growth in performance and high growth in rail transit business; 2) net interest rat
China Galaxy released a research report on April 28 stating that it gave Time Electric (688187.SH) a recommended rating. The main reasons for the rating include: 1) steady growth in performance and high growth in rail transit business; 2) net interest rates improved month-on-month, and overall cost ratios were stable during the period; 3) rail transit equipment business benefited from industry recovery and large-scale equipment upgrades; 4) production capacity expansion progressed smoothly, and the emerging equipment business continued to gain strength. (Mainichi Keizai Shimbun)
Bureau of Statistics: Profits of industrial enterprises above the national scale increased by 4.3% from January to March 2024
According to data released by the National Bureau of Statistics, from January to March, industrial enterprises above the national scale achieved a total profit of 1505.53 billion yuan, an increase of 4.3% over the previous year; of these, private enterprises achieved a total profit of 367.97 billion yuan, an increase of 5.8%.
Zhuzhou CRRC Times Electric's Q1 Profit Jumps 44%
Zhuzhou CRRC Times Electric's (HKG:3898) attributable net profit shot up 44.85% to 460.9 million yuan for the quarter ended March 31, according to a Thursday filing with the Hong Kong bourse. Basic ea
No Data