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SHA:688187

3 stories mentioning SHA:688187Updated 10d ago

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Asia

CRRC Times Electric to Set Up 192 Million Yuan Joint Venture; Shares Up 5%

Zhuzhou CRRC Times Electric (HKG:3898, SHA:688187) plans to establish a joint venture with a registered capital of 192.1 million yuan through a subsidiary, according to a Shanghai bourse filing on Saturday.The Chinese train manufacturer's Shanghai and Hong Kong shares jumped 5% during Monday's morning trade.The company's subsidiary, Zhuzhou CRRC Times Semiconductor, partnered with Beijing Huairou Laboratory and four other parties to set up the venture, which will be named Beijing CRRC Times Huaishi Semiconductor.CRRC Times Huaishi will provide technology services and development, engineering and semiconductor discrete device manufacturing and sales.

HKG:3898SHA:688187
Asia

Zhuzhou CRRC Times Electric Completes Hong Kong Share Buyback

Zhuzhou CRRC Times Electric (HKG:3898, SHA:688187) concluded its recent share repurchase with a buyback of a little over 27.2 million Hong Kong-listed shares for HK$1.03 billion.The shares, purchased between Feb. 10 and June 25, represent over 2% of the train manufacturer's total issued share capital as on June 27, 2025, according to a Monday Hong Kong bourse filing.Following cancellation of the company's repurchased shares, its issued shares were reduced to 1.33 billion, comprising 868.9 million China-listed shares and 461.8 million Hong Kong-listed shares.

HKG:3898SHA:688187
Asia

CRRC Times Electric Q1 Profit Up 2%; Hong Kong Shares Fall 5%

Zhuzhou CRRC Times Electric (SHA:688187) posted first-quarter attributable net profit of 643 million yuan, up 1.9% from 631 million yuan the previous year.Earnings per share rose to 0.47 yuan from 0.45 yuan, according to a Tuesday filing with the Shanghai bourse.Revenue went up 12% year over year to 5.1 billion yuan from 4.54 billion yuan.Shares of the train manufacturer were down 5% in Hong Kong in recent trade.

HKG:3898SHA:688187

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