Movement Alert|CRRC Times Electric Falls 3.23% in Regular Trading, Sector-Wide Weakness Persists Despite Aggressive Buyback Campaign

Market Focus
06/25

On June 25, CRRC Times Electric fell 3.23% in regular trading, trading at HK$37.7/share, with turnover of HK$124 million. The decline came amid broad weakness across the Construction Machinery & Heavy Trucks sector, compounded by the company's inability to arrest its downtrend despite an intensified share repurchase program.

On the sector front, CRRC fell 2.13%, Weichai Power dropped 0.85%, and Sany Heavy Industry declined 0.59%, reflecting clear sector-wide selling pressure. Meanwhile, CRRC Times Electric has been aggressively buying back H-shares, spending approximately HK$73.48 million on June 24 alone to repurchase 1.8938 million shares. Since May 7, cumulative buybacks have exceeded 10 million shares, yet the accelerated pace has failed to reverse the short-term correction. The stock has now retreated over 8% from its June 22 high of HK$41.12.

CRRC Times Electric is a leading Chinese enterprise in power semiconductors, with products spanning bipolar devices, IGBT, and SiC, alongside its core rail transit electrical equipment business covering traction converters, intelligent systems, and new energy vehicle electric drive systems.

(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.)

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