On May 29, CRRC Times Electric (03898.HK) fell 3.26% in regular trading, trading at HKD 41.56/share, with trading volume of approximately HKD 107 million. The decline extends the multi-day technical correction pattern following the stock's sharp 15%+ single-day surge on May 13.

On the news front, the company recently confirmed on an investor platform that its power semiconductor devices currently have no price increase plans, diverging from the broader industry trend of rising prices amid supply-demand imbalance. Meanwhile, first-quarter semiconductor segment revenue came in at RMB 1.114 billion, declining 3.95% year-over-year, with IGBT product revenue slightly lower due to reduced delivery of grid-use high-voltage devices and pricing pressure on low-voltage products.

Additionally, the company disclosed a board of directors election announcement on May 25, nominating new executive and independent director candidates for its eighth-term board, introducing short-term management transition uncertainty. The stock has experienced volatile swings since mid-May, with repeated technical rebounds and pullbacks reflecting ongoing market debate over near-term earnings elasticity.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)