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Zhuzhou CRRC Times Electric Co
(3898)
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Rating:69Neutral
Price Target:
HK$28.00
â–¼(-12.94% Downside)
Action:Reiterated
Date:08/22/26
The score is primarily supported by strong financial performance (rapid TTM revenue growth, solid margins, and low leverage) and attractive valuation (low P/E and a ~3.76% dividend yield). These positives are tempered by weak/volatile free-cash-flow conversion and bearish technical signals (price below major moving averages with negative MACD), which reduce near-term confidence despite solid fundamentals.
Positive Factors
Revenue and Profitability
The sharp TTM revenue acceleration, combined with margins that remain solid, indicates meaningful demand and an established ability to convert sales into profit. If sustained, this earnings base can support continued investment and reinforce the company’s position across its core technology markets.
Negative Factors
Weak Cash Conversion
Although operating cash flow is positive, limited free cash flow conversion means reported earnings are not consistently becoming discretionary cash after investment needs. This can restrict internally funded growth, reduce capital-allocation flexibility, and make cash generation less dependable over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profitability
The sharp TTM revenue acceleration, combined with margins that remain solid, indicates meaningful demand and an established ability to convert sales into profit. If sustained, this earnings base can support continued investment and reinforce the company’s position across its core technology markets.
Read all positive factors
Zhuzhou CRRC Times Electric Co (3898) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$56.96B
Dividend Yield5.12%
Average Volume (3M)2.68M
Price to Earnings (P/E)7.2
Beta (1Y)0.72
Revenue Growth13.79%
EPS Growth14.07%
CountryHK
Employees10,746
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)3.04
Shares Outstanding461,795,900
10 Day Avg. Volume3,255,978
30 Day Avg. Volume2,676,888
Financial Highlights & Ratios
PEG Ratio0.80
Price to Book (P/B)1.09
Price to Sales (P/S)1.62
P/FCF Ratio166.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$41.95Price Target Upside30.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.24
Revenue Forecast (FY)HK$31.34B
Zhuzhou CRRC Times Electric Co Business Overview & Revenue Model
Company Description
Zhuzhou CRRC Times Electric Co., Ltd., along with its affiliated entities, is a leading provider in the railway transportation sector, engaging in the comprehensive research, development, design, manufacturing, and sale of equipment, in addition t...
Zhuzhou CRRC Times Electric Co Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.33B | 28.59B | 24.91B | 21.80B | 18.03B | 14.82B |
| Gross Profit | 9.64B | 9.55B | 8.07B | 5.09B | 5.97B | 5.00B |
| EBITDA | 5.85B | 5.60B | 5.58B | 4.34B | 3.77B | 2.48B |
| Net Income | 4.11B | 4.10B | 3.70B | 3.04B | 2.56B | 2.02B |
Balance Sheet | ||||||
| Total Assets | 71.17B | 72.44B | 64.80B | 53.40B | 48.51B | 44.15B |
| Cash, Cash Equivalents and Short-Term Investments | 9.50B | 8.88B | 17.84B | 13.83B | 14.59B | 15.85B |
| Total Debt | 7.13B | 9.24B | 6.21B | 5.34B | 3.34B | 2.23B |
| Total Liabilities | 24.99B | 25.94B | 20.04B | 15.69B | 13.21B | 10.86B |
| Stockholders Equity | 42.40B | 42.51B | 41.53B | 37.00B | 34.53B | 32.62B |
Cash Flow | ||||||
| Free Cash Flow | 303.77M | 278.38M | -89.41M | -198.63M | 1.09B | 1.18B |
| Operating Cash Flow | 3.80B | 4.18B | 3.36B | 2.78B | 2.04B | 2.15B |
| Investing Cash Flow | -2.28B | -6.63B | -3.20B | -2.28B | -2.26B | -6.01B |
| Financing Cash Flow | -3.01B | -731.06M | 456.25M | -589.06M | -591.38M | 6.97B |
Zhuzhou CRRC Times Electric Co Technical Analysis
Negative
32.16
Price Trends
28.86
Negative
32.17
Negative
35.30
Negative
Market Momentum
-0.83
Positive
31.47
Neutral
13.75
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3898, the sentiment is Negative. The current price of 32.16 is above the 20-day moving average (MA) of 27.26, above the 50-day MA of 28.86, and below the 200-day MA of 35.30, indicating a bearish trend. The MACD of -0.83 indicates Positive momentum. The RSI at 31.47 is Neutral, neither overbought nor oversold. The STOCH value of 13.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3898.
Zhuzhou CRRC Times Electric Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$56.96B | 7.16 | 9.72% | 5.12% | 13.79% | 14.07% | |
69 Neutral | HK$957.53M | 5.55 | 2.34% | 5.24% | 15.93% | 13.17% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | HK$55.73B | 15.80 | 7.16% | 6.59% | 5.74% | 4.38% |
* Industrials Sector Average
HK:3898
Zhuzhou CRRC Times Electric Co
25.66
-12.38
-32.54%
HK:1786
CRCC High-Tech Equipment
0.63
-0.28
-30.39%
HK:3969
China Railway Signal & Communication
2.97
-0.28
-8.71%
Zhuzhou CRRC Times Electric Co Corporate Events
Zhuzhou CRRC Times Electric Releases Unaudited Q3 2026 Results Under Hong Kong Disclosure Rules
Oct 30, 2026
Zhuzhou CRRC Times Electric Co., Ltd., a major Chinese rail transit equipment and electrical systems supplier listed in both Hong Kong and on the mainland, prepares its financial information under Chinese Accounting Standards while operating withi...
Zhuzhou CRRC Times Electric Calls 2026 EGM on Capital Change and Board Appointment
Oct 29, 2026
Zhuzhou CRRC Times Electric has convened its first extraordinary general meeting of 2026 for 20 November in Zhuzhou, where shareholders will vote on a special resolution to change the company’s registered capital and amend its Articles of As...
Zhuzhou CRRC Times Electric Cuts Share Capital and Strengthens Board Oversight
Sep 30, 2026
Zhuzhou CRRC Times Electric has proposed amendments to its Articles of Association to reflect a reduction in issued share capital following the cancellation of repurchased H shares completed earlier this year. The registered capital has been adjus...
Zhuzhou CRRC Times Electric Announces Resignation of Independent Non-Executive Director
Sep 24, 2026
Zhuzhou CRRC Times Electric Co., Ltd. has announced that independent non-executive director Lam Siu Fung has tendered his resignation due to other work commitments. His departure will also cover his roles as chairman of the audit and remuneration ...
Zhuzhou CRRC Times Electric Sets Board Meeting to Approve Nine-Month Results
Sep 22, 2026
Zhuzhou CRRC Times Electric has announced that its board of directors will convene on 30 October 2026 to review and approve the publication of the group’s unaudited financial results for the nine months ended 30 September 2026. The meeting m...
Zhuzhou CRRC Times Electric Updates 2026 Interim Dividend and Tax Arrangements
Sep 11, 2026
Zhuzhou CRRC Times Electric Co., Ltd. has updated its interim dividend arrangements for the six months ended 30 June 2026, confirming a payout of RMB 0.46 per share, equivalent to HKD 0.53168 per share, to holders of its H shares. The ex-dividend ...
Zhuzhou CRRC Times Electric Declares Interim Dividend and Sets Tax Terms for H-Shareholders
Aug 19, 2026
Zhuzhou CRRC Times Electric Co., Ltd. has announced an interim ordinary cash dividend of RMB 0.46 per share for the six months ended 30 June 2026, equivalent to HKD 0.53168 per share, with the ex-dividend date set for 1 September 2026 and payment ...
Zhuzhou CRRC Times Electric Announces 2026 Interim Results and Dividend Plan
Aug 19, 2026
Zhuzhou CRRC Times Electric Co., Ltd., a Hong Kong-listed Chinese rail transit equipment and technology provider, announced its unaudited interim results for the six months ended 30 June 2026. The report, prepared in line with Hong Kong listing ru...
Zhuzhou CRRC Times Electric Confirms Q2 Connected Deals With CRRC Group Were Fair and Within Caps
Aug 19, 2026
Zhuzhou CRRC Times Electric Co., Ltd., a rail transit equipment and systems provider in China, supplies products, components, and technical and maintenance services to CRRC Group companies and other industry customers. Its role as a key supplier w...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.