TIMES ELECTRIC (03898) surged nearly 5% in late trading, closing up 4.04% at HK$40.14 with a turnover of HK$125 million. The company recently reported its financial results, with revenue for the first three quarters reaching RMB18.83 billion, a year-on-year increase of 14.9%, and net profit attributable to shareholders rising 10.9% to RMB2.72 billion.

During the period, revenue from rail transportation equipment products grew 9.2% to RMB10.31 billion, while emerging equipment products saw a 22.3% increase to RMB8.43 billion. Analysts noted that as of August 2025, China State Railway Group had tendered 278 EMU sets and 456 locomotives year-to-date, marking growth compared to the same period last year. TIMES ELECTRIC maintained stable market share in these tenders, and the expanding scale of EMU and locomotive bids is expected to provide strong support for its full-year performance.

Additionally, the company's Phase 3 power semiconductor project in Yixing is progressing steadily, reaching designed capacity by the end of June 2025. With continued capacity expansion in its power semiconductor business, the emerging equipment segment is poised for further growth.