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Zhuzhou CRRC Times Electric Co
(3898)
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Rating:69Neutral
Price Target:
HK$37.00
â–˛(15.05% Upside)
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
Strong revenue growth and resilient profitability
Rapid top-line expansion alongside solid gross and net margins indicates strong demand for the company’s rail and power-electronics offerings. Sustained profitability provides a base for continued investment, although execution and product mix remain important.
Negative Factors
Weak and volatile free-cash-flow conversion
Limited conversion of accounting profit into discretionary cash may reflect working-capital swings or elevated investment needs. If persistent, it could constrain shareholder returns, reduce funding flexibility, and make reported earnings less cash-backed.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth and resilient profitability
Rapid top-line expansion alongside solid gross and net margins indicates strong demand for the company’s rail and power-electronics offerings. Sustained profitability provides a base for continued investment, although execution and product mix remain important.
Read all positive factors
Zhuzhou CRRC Times Electric Co (3898) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$61.12B
Dividend Yield4.28%
Average Volume (3M)3.47M
Price to Earnings (P/E)8.6
Beta (1Y)0.98
Revenue Growth13.79%
EPS Growth14.07%
CountryHK
Employees10,722
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)3.01
Shares Outstanding461,795,900
10 Day Avg. Volume3,236,891
30 Day Avg. Volume3,467,671
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$46.23Price Target Upside43.73% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)3.25
Revenue Forecast (FY)HK$31.45B
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...
How the Company Makes Money
The company primarily makes money by selling equipment and systems and providing associated services to customers in rail transportation and, to a lesser extent, other industries that use power-electronics-based solutions.
Key revenue streams typ...
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 | 5.72B | 5.60B | 5.58B | 4.34B | 3.77B | 2.40B |
| 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 | 24.75B | 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
33.48
Negative
35.68
Negative
36.90
Negative
Market Momentum
-1.06
Positive
36.11
Neutral
18.84
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 below the 20-day moving average (MA) of 32.21, below the 50-day MA of 33.48, and below the 200-day MA of 36.90, indicating a bearish trend. The MACD of -1.06 indicates Positive momentum. The RSI at 36.11 is Neutral, neither overbought nor oversold. The STOCH value of 18.84 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)
HK:3898
Zhuzhou CRRC Times Electric Co
30.68
-6.03
-16.42%
HK:1786
CRCC High-Tech Equipment
0.71
-0.22
-23.70%
HK:3969
China Railway Signal & Communication
3.14
-0.09
-2.64%
Zhuzhou CRRC Times Electric Co Corporate Events
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...
Zhuzhou CRRC Times Electric Sets August Board Meeting for Interim Results
Jul 14, 2026
Zhuzhou CRRC Times Electric has scheduled a board meeting for 19 August 2026 to consider and approve the publication of the group’s unaudited interim results for the six months ended 30 June 2026. The meeting may also address other business ...
Zhuzhou CRRC Times Electric Completes HK$1 Billion H-Share Buyback and Cancellation
Jul 13, 2026
Zhuzhou CRRC Times Electric has completed a series of H share repurchases under a mandate approved in June 2025, buying back 27,245,000 H shares between 10 February and 25 June 2026 for about HK$1.03 billion, or roughly 2.01% of its total issued s...
Zhuzhou CRRC Times Electric Wins Shareholder Backing at AGM and H Shareholders’ Meeting
Jun 26, 2026
Zhuzhou CRRC Times Electric reported the poll results of its 2025 annual general meeting and the first class meeting of H share holders held on 26 June 2026, confirming that all resolutions were passed by way of poll. The company detailed its shar...
Zhuzhou CRRC Times Electric Sets Final 2025 Dividend and Outlines Tax Treatment
Jun 26, 2026
Zhuzhou CRRC Times Electric has declared a final cash dividend of RMB 0.68 per share for the year ended 31 December 2025, with shareholder approval obtained on 26 June 2026. For Hong Kong shareholders, the dividend will be paid in Hong Kong dollar...
Zhuzhou CRRC Times Electric Confirms Compliance on CRRC Group Connected Deals
Jun 26, 2026
Zhuzhou CRRC Times Electric has entered into a three-year mutual supply framework agreement with CRRC Group, covering products, equipment, raw materials, components and a wide range of technical and support services from 2026 to 2028. The arrangem...
Zhuzhou CRRC Times Electric sets 2025 AGM to reset governance and capital mandates
Jun 1, 2026
Zhuzhou CRRC Times Electric Co., Ltd. has called its 2025 annual general meeting for 26 June 2026 in Zhuzhou, where shareholders will vote on the company’s 2025 annual report, profit distribution plan, auditor appointment, bank credit lines,...
Zhuzhou CRRC Times Electric Seeks H-Share Repurchase Mandate at 2026 Class Meeting
Jun 1, 2026
Zhuzhou CRRC Times Electric Co., Ltd. has called the first class meeting of its H-share holders for 26 June 2026 in Zhuzhou, immediately after its annual general meeting and A-share class meeting. The company will seek shareholder approval for a s...
Zhuzhou CRRC Times Electric Updates Final 2025 Dividend Timetable and Tax Details
Jun 1, 2026
Zhuzhou CRRC Times Electric has updated details of its proposed final dividend for the year ended 31 December 2025, confirming a payout of RMB 0.68 per share subject to shareholder approval on 26 June 2026. The company has set the ex-dividend date...
Zhuzhou CRRC Times Electric Proposes New Three-Year Board Line-Up
May 25, 2026
Zhuzhou CRRC Times Electric has proposed a new slate of executive and independent non-executive directors for its eighth board term as the tenure of the current seventh board nears expiry. Three executive directors, including incumbent chairman Li...
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.