03898 TIMES ELECTRIC
- 30.300
- +1.100+3.77%
TIMES ELECTRIC News
Zheshang Securities: Railway equipment industry continues to boom, high-speed rail fares flexibly implement market-based mechanisms
The Zhitong Finance App learned that Zhishang Securities released a research report saying that China Railway Group will promote passenger flow growth and improve the quality of passenger transport services through flexible implementation of the high-speed rail fare market-based mechanism. In the long run, it will help further improve the operating level of China Railway Group, and may affect the level of investment in railway fixed assets in the future, and the railway equipment industry will continue to prosper. Recommended CRRC (601766.H), China Railway Industry (600528.SH), Tianyi Shangjia (688033.SH), Yonggui Electric (300351.SZ), and optimistic about China Express (688009.SH) and Times Electric (688187
Changes in Hong Kong stocks | Times Electric (03898) rose more than 4% in the afternoon, Xiaoma said the market was too worried about the prospects of the emerging equipment business and the rail transit equipment business prospects improved
Times Electric (03898) rose more than 4% in the afternoon. As of press release, it had risen 4.76% to HK$29.7, with a turnover of HK$473.75 million.
Times Electric (688187): High profit increase in Q1, gross margin continued to rise
Q1 Profit growth rate was impressive, and rail transit business grew strongly. The company released its 2024 quarterly report. In 24Q1, the company achieved revenue of 3,925 billion yuan, an increase of 27.20% over the previous year; realized net profit of 568 million yuan to mother, the same
Damo: Raise the target price of Era Electric (03898) to HK$33, which is more popular than CRRC (01766)
Damo expects CRRC and Times Electric to account for 18% and 16% of locomotive revenue, respectively, by 2026.
Times Electric (03898.HK): Demand for EMUs is rising, and the automobile business is expected to outperform the industry
The 1Q24 results are in line with our expectations. The company announced 1Q24 results: revenue/net profit to mother of 39.25/568 million yuan, an increase of 27.2%/30.4% year-on-year, and the results are in line with our expectations. Increased inter-schedule delivery of EMUs
Nomura: Yo-Era Electric (03898) “Buy” Rating Target Price Raised to HK$35
Nomura hopes that the Jidai Electric (03898) rail transit business has good room for growth.
Times Electric (688187): 1Q24 net profit to mother increased 30% year-on-year, and rail transit and emerging equipment accelerated growth
The company's net profit without return to mother increased 45% year-on-year in the first quarter of '24. With the accelerated release of semiconductor production capacity in '23, rail transit business progressed steadily. The company achieved revenue of 21.8 billion yuan (YoY +20.6%) and net profit of 31 billion yuan to mother
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)
Times Electric (03898.HK) Hong Kong Stock Company Information Update Report: 2024Q1 Rail Transit Significantly Exceeds Expectations, Waiting for Clarification of Equipment Update Policies
The main business benefited from the equipment renewal policy, expanded semiconductor business share, maintained the combined impact of the 2024Q1 rail transit business profit exceeding expectations and the slowdown in the growth rate of the emerging equipment business, and maintaining the 2024-2026 return
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
Times Electric (688187): Rail transit enters the maintenance cycle and focuses on trade-in
The net profit of 1Q24 exceeded expectations. I am optimistic that rail transit business maintenance+trade-in will drive 1Q24 Era Electric's revenue to 3.93 billion yuan, up 27.2% year on year; gross profit margin is 34.1%, +1.64pct year on year;
Express News | CRRC Era Semiconductor introduced 26 strategic investors to increase capital by more than 4.3 billion
Changes in Hong Kong stocks | Times Electric (03898) rose nearly 5% after earnings, net profit increased 30.44% year-on-year in the first quarter, and the company's focus switched back to railway equipment/parts
The Zhitong Finance App learned that Times Electric (03898) rose nearly 5% after the results. As of press release, it had risen 4.62% to HK$30.6, with a turnover of HK$469.337 million. According to the news, Times Electric announced its results for the first quarter of 2024. The group achieved operating income of 3,925 billion yuan during the period, an increase of 27.2% over the previous year; net profit attributable to shareholders of listed companies was 568 million yuan, an increase of 30.44% over the previous year. The increase in net profit due to the increase in the company's operating profit during the reporting period was mainly due to the increase in the company's operating profit. Komo recently released a research report saying that market focus companies will recently focus on IGBT/
Featured announcements | CNOOC's net profit for the first quarter was nearly 40 billion yuan; China Aluminum's net profit for the first quarter increased 23.01% year-on-year
ZTE's net profit for the first quarter increased by 3.74% year on year; Times Electric's net profit for the first quarter increased by 30.44% year on year.
Times Electric (688187): Profit improvement, rail transit equipment increased significantly
Investment event: The company disclosed its 2024 quarterly report. 2024Q1 achieved operating income of 3,925 billion yuan, an increase of 27.20% over the previous year; achieved net profit of 568 million yuan, an increase of 30.4 billion yuan over the previous year
時代電氣：2024年第一季度報告
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