In July, China's industrial added value above a designated scale increased by 5.1% year-on-year, with manufacturing industry growing by 5.3%.
From a month-on-month perspective, in July, the added value of industries above designated size increased by 0.35% compared with the previous month.
Huachuang Securities: 2024 may have entered a new cycle of rail transit.
Since 2023, the rail transit equipment industry may be entering a new cycle due to factors such as "improving passenger flow, maintenance cycles, and equipment updates", and is expected to open up a larger market space.
Zheshang Securities: Railroad investment is stable. Equipment updates and maintenance cycles have arrived.
In the first half of 2024, China's railroads fixed assets investment reached CNY 337.3 billion, a year-on-year increase of 10.6%. Assuming that the growth rate continues to be 10% in the second half of the year, the investment of railroads in 2024 is expected to reach CNY 840 billion for the whole year.
0.9% Earnings Growth Over 3 Years Has Not Materialized Into Gains for Zhuzhou CRRC Times Electric (HKG:3898) Shareholders Over That Period
CITIC Securities: Three-dimensional analysis of space, path, and profit reveals great opportunities for global auto parts globalization.
Now is the right time to go global. The accelerated globalization of high-quality domestic parts supports a new round of growth in the domestic parts industry in terms of space, path, and profitability. It is expected to create a new global leader.
Times Electric (03898.HK): Yi Weihua and Li Peng resigned from the position of company vice president due to job transfer reasons.
Times Electric (03898.HK) announced on August 2nd that the board of directors of the company received written resignation reports from Mr. Yi Weihua and Mr. Li Peng on August 2nd, 2024. Mr. Yi Weihua and Mr. Li Peng applied for resignation from their positions as deputy general managers of the company due to job transfers. According to relevant regulations such as the 'Company Law' and the 'Company Articles of Association', the resignation reports of Mr. Yi Weihua and Mr. Li Peng take effect from the date of delivery to the board of directors.
Hong Kong stock market concept tracking: Implementing the Management Measures for Key Special Projects of National Key R&D Plan Undertaken by the Ministry of Industry and Information Technology has been issued and implemented. The domestic substitute semi
The importance of independently controllable semiconductors continues to be prominent, with wafer factories and memory factories maintaining orderly expansion in the next two years, and progress on localization accelerating.
Hong Kong Stock Market News: Times Electric (03898) is up more than 4%, with profits in the first half of the year increasing by more than 30% year-on-year. The profit end of rail transit business is expected to be released rapidly.
Times Electric (03898) is now up over 4%, as of press time, it has increased by 3.99% to HKD 30, with a turnover of HKD 24.5298 million.
Times Electric (03898): Gao Feng resigns as an independent non-executive director.
Times Electric (03898) announced that, according to the release of the China Securities Regulatory Commission's "Independent Director of Listed Companies...
Times Electric (688187.SH) plans to distribute a dividend of 0.78 yuan per share for the year 2023, with ex-rights and ex-dividend on August 8th.
Times Electric (688187.SH) announced that the company plans to distribute a cash dividend of 0.78 yuan per share for the year 2023.
Dahua Rating|Daiwa: It is expected that Chang'an, Geely, Sinotruk, and Times Electric will benefit from the old-for-new policy and are rated as "buy".
Daiwa released a research report stating that the National Development and Reform Commission recently issued a notice on a number of measures to encourage equipment upgrades and replacing old consumer goods. A total of 300 billion yuan will be used to strengthen support for large-scale equipment upgrades and replacing old consumer goods. Among them, subsidies for replacing old automobiles have been increased. It is expected that Great Wall Motor, Geely Auto, Sinotruk, and Times Electric will all benefit from this policy and have a "buy" rating. The new policy is expected to drive the replacement demand for passenger vehicles, heavy-duty trucks, and new energy city buses to increase.
The Returns On Capital At Zhuzhou CRRC Times Electric (HKG:3898) Don't Inspire Confidence
HK stocks see unusual activity | Times Electric (03898) is currently up over 4%, as the combination of trade-in promotion and railroad reform is expected to have long-term bullish impact on the purchase of rail transit equipment.
Times Electric (03898) is currently up over 4%. As of press time, it has increased by 4.28% to HKD 29.25, with a turnover of HKD 37.7583 million.
Hong Kong stock concept tracking | State-owned Assets Supervision and Administration Commission fully implements new national system for independent innovation, and semiconductor industry receives attention from investors (with concept stocks).
The "Three New Inputs" mainly refers to increasing investment in technology innovation and accelerating breakthroughs in key areas with "bottleneck" technology.
WiseStock Hong Kong stock market analysis | Bitcoin ETFs collectively rose sharply after Biden withdrew from the election, CXO wind bias is increasing.
Today, the markets in the two regions have diverged again. This time, Hong Kong stocks rebounded after testing the half-year line, closing up 1.25%, while A shares had the meaning of filling the gap, but the structure is not bad, with more rises than falls.
Hong Kong stocks surge | Times Electric (03898) rose more than 3% again, preliminary performance in the second quarter exceeded market expectations. Deutsche Bank expects steady growth in rail equipment business this year.
Times Electric (03898) rose more than 3%, as of press time, up 3.74%, at HKD 30.50, with a turnover of HKD 39.6129 million.
HKEx Hot Stocks | Times Electric (03898) rose more than 4% in the afternoon, strengthened by the expectation of railroad industry reform. The company's preliminary performance in the second quarter exceeded expectations.
Times Electric (03898) rose more than 4% in the afternoon. As of press time, it rose 3.5% to HKD 29.5 with a turnover of HKD 89.3658 million.
Hong Kong stocks closed (07.18) | HSI rose 0.22%, most of the Zhongtegu concept rebounded, Nongfu Spring (09633) surged 6% to lead the blue chips.
Hong Kong stocks rose and fell in early trading and then climbed again. The Hang Seng Index and the H-Share Index successfully turned green, and the afternoon increase expanded slightly. Among the three major indices, only the Heng Seng Technology Index fluctuated underwater throughout the day.
China Galaxy Securities: Railroad investment in 24H1 reached a new high, new line construction exceeded expectations.
With the triple logic of equipment renewal, passenger flow recovery, and overhaul cycle, the rail transit industry has ushered in a new round of prosperous development, and railroad investment is expected to remain at a high level.
HK stocks soar | Following its earnings report, Times Electric (03898) opened nearly 3% higher. It is expected to see a 30.56% year-on-year increase in net profit for the first half of the year, reaching 1.507 billion yuan.
Times Electric (03898) opened nearly 3% higher after a profit alert. As of press time, it rose 2.88% to HK$28.55, with a turnover of HK$1.8301 million.
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