Movement Alert|CRRC Times Electric Rises 3.72% in Regular Trading, Technical Rebound After Multi-Day Pullback in Power Semiconductor Play

Market Focus
May 22

On May 22, CRRC Times Electric (03898.HK) rose 3.72% in regular trading, trading at 40.82 HKD/share, with trading volume of approximately 20.44 million HKD. The rebound comes after the stock experienced a significant cumulative pullback from its recent high.

On the news front, the stock previously surged over 15% on May 13, hitting the daily price limit, driven by intensifying power semiconductor supply-demand imbalance. Following that spike, the stock retreated for multiple consecutive trading sessions as short-term profit-taking pressured prices. The current rise is widely viewed as a technical rebound after being oversold. Industry-wide, power semiconductor supply remains tight, with some IDM manufacturers reporting product lead times extending to 30 weeks across MOSFET and IGBT categories. The company disclosed Q1 semiconductor segment revenue of 1.177 billion yuan, up 0.4% year-over-year, with full-year revenue growth expected to be maintained. Additionally, J.P. Morgan increased its position by approximately 1.51 million shares on May 13 at around 42.9 HKD per share.

(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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