On May 26, Times Electric (03898.HK) fell 3.3% in regular trading, trading at HKD 41.1/share, with trading volume of HKD 60.69 million. The decline extends the multi-day technical correction following its single-day surge of over 15% on May 13.

On the news front, the company recently confirmed on an investor interaction platform that its power semiconductor devices have not seen any price increases, with future pricing to be determined based on market and customer conditions. Meanwhile, the company's Q1 semiconductor segment revenue came in at RMB 1.114 billion, declining 3.95% year-over-year, primarily due to weaker deliveries of high-voltage grid components and pricing pressure on low-voltage devices.

Additionally, on May 25, the company disclosed a board renewal announcement nominating candidates for its eighth-term board of directors, introducing short-term management transition uncertainty. The combination of unmet market expectations for power device repricing and governance changes appears to be weighing on sentiment during the ongoing technical retracement.

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