Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$44.42, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Machinery industry in Hong Kong. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$69.10 per share. Reported Earnings • Apr 28
First quarter 2026 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2026 results: EPS: CN¥0.47 (up from CN¥0.45 in 1Q 2025). Revenue: CN¥5.10b (up 13% from 1Q 2025). Net income: CN¥643.3m (up 1.9% from 1Q 2025). Profit margin: 13% (down from 14% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. 공시 • Mar 30
Zhuzhou CRRC Times Electric Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Zhuzhou CRRC Times Electric Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Reported Earnings • Mar 29
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: CN¥2.99 (up from CN¥2.62 in FY 2024). Revenue: CN¥28.7b (up 15% from FY 2024). Net income: CN¥4.10b (up 11% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. 공시 • Mar 29
Zhuzhou Crrc Times Electric Co., Ltd. Proposes Cash Dividend for the Year Ended December 31, 2025 Zhuzhou CRRC Times Electric Co., Ltd. proposed to distribute a cash dividend of CNY 6.80 (tax inclusive) for every ten shares to all shareholders. Based on the total share capital of 1,357,948,412 shares as at 28 February 2026, comprising 868,907,512 A Shares and 489,040,900 H Shares, and after deducting 283,900 repurchased H Shares pending cancellation, the distribution would be based on 1,357,664,512 shares, comprising 868,907,512 A Shares and 488,757,000 H Shares. On such basis, the Company proposed to distribute a cash dividend of CNY 0.68 per share (tax inclusive), amounting to an aggregate of CNY923,211,868.16 (tax inclusive). The total cash dividend of the Company for the year 2025, including the interim cash dividend already distributed for the first half of 2025, amounted to CNY1,520,709,169.44 (tax inclusive), representing approximately 37.12% of the net profit attributable to shareholders of the listed company as shown in the consolidated financial statements of the Company for the year 2025. Reported Earnings • Feb 10
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: CN¥3.00 (up from CN¥2.62 in FY 2024). Revenue: CN¥28.8b (up 16% from FY 2024). Net income: CN¥4.11b (up 11% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. 공시 • Dec 26
Zhuzhou CRRC Times Electric Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Zhuzhou CRRC Times Electric Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings: Revenues miss analyst expectations Third quarter 2025 results: Revenue: CN¥6.62b (up 11% from 3Q 2024). Net income: CN¥1.05b (up 5.5% from 3Q 2024). Profit margin: 16% (in line with 3Q 2024). Revenue missed analyst estimates by 5.1%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in Hong Kong. 공시 • Sep 26
Zhuzhou CRRC Times Electric Co., Ltd. to Report Nine Months, 2025 Results on Oct 30, 2025 Zhuzhou CRRC Times Electric Co., Ltd. announced that they will report nine months, 2025 results on Oct 30, 2025 Upcoming Dividend • Aug 28
Upcoming dividend of HK$0.48 per share Eligible shareholders must have bought the stock before 04 September 2025. Payment date: 20 October 2025. Payout ratio is a comfortable 52% and the cash payout ratio is 96%. Trailing yield: 2.4%. Lower than top quartile of Hong Kong dividend payers (6.7%). Lower than average of industry peers (3.4%). Reported Earnings • Aug 24
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: CN¥0.76 (up from CN¥0.66 in 2Q 2024). Revenue: CN¥7.68b (up 20% from 2Q 2024). Net income: CN¥1.04b (up 13% from 2Q 2024). Profit margin: 14% (in line with 2Q 2024). Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) missed analyst estimates by 5.0%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. 공시 • Aug 22
Zhuzhou CRRC Times Electric Co., Ltd. Announces Interim Dividend for the Six Months Ended 30 June 2025, Payable on 20 October 2025 Zhuzhou CRRC Times Electric Co., Ltd. announced interim dividend of RMB 0.44 per share for the six months ended 30 June 2025. Ex-dividend date: 04 September 2025. Record date: 11 September 2025. Payment date: 20 October 2025. 공시 • Jun 30
Zhuzhou CRRC Times Electric Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Zhuzhou CRRC Times Electric Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 공시 • Jun 27
Zhuzhou CRRC Times Electric Co., Ltd. Approves Cash Dividend for the year ended 31 December 2024, Payable on 8 August 2025 Zhuzhou CRRC Times Electric Co., Ltd. at its annual general meeting and First Class Meeting of Holders of H Shares held on 27 June 2025, the Company will distribute Cash Dividends of RMB 1.00 for the year ended December 31, 224(tax inclusive, the Company will withhold and pay the appropriate income tax in accordance with applicable taxation laws and regulations of the PRC at the time of dividend distribution) for every one Share held by eligible Shareholders whose names appear on the register of members of the Company at the close of business on 9 July 2025. Payment date is 08 August 2025. Ex-dividend date 02 July 2025. Upcoming Dividend • Jun 25
Upcoming dividend of CN¥1.00 per share Eligible shareholders must have bought the stock before 02 July 2025. Payment date: 08 August 2025. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Hong Kong dividend payers (7.4%). Lower than average of industry peers (3.8%). Declared Dividend • Jun 07
Dividend of CN¥1.00 announced Shareholders will receive a dividend of CN¥1.00. Ex-date: 2nd July 2025 Payment date: 8th August 2025 Dividend yield will be 3.0%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공시 • Jun 05
Zhuzhou CRRC Times Electric Co., Ltd., Annual General Meeting, Jun 27, 2025 Zhuzhou CRRC Times Electric Co., Ltd., Annual General Meeting, Jun 27, 2025, at 10:00 China Standard Time. Location: room 301, times hotel, times road, shifeng district, zhuzhou, China Reported Earnings • Apr 30
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: CN¥0.45 (up from CN¥0.40 in 1Q 2024). Revenue: CN¥4.54b (up 16% from 1Q 2024). Net income: CN¥631.3m (up 11% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$26.25, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Machinery industry in Hong Kong. Total returns to shareholders of 9.0% over the past three years. Reported Earnings • Mar 30
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥2.62 (up from CN¥2.15 in FY 2023). Revenue: CN¥24.9b (up 13% from FY 2023). Net income: CN¥3.70b (up 22% from FY 2023). Profit margin: 15% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 2.8%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: CN¥2.62 (vs CN¥2.19 in FY 2023) Full year 2024 results: EPS: CN¥2.62 (up from CN¥2.19 in FY 2023). Revenue: CN¥24.9b (up 14% from FY 2023). Net income: CN¥3.70b (up 19% from FY 2023). Profit margin: 15% (in line with FY 2023). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. 공시 • Dec 27
Zhuzhou CRRC Times Electric Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Zhuzhou CRRC Times Electric Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.70 (up from CN¥0.64 in 3Q 2023). Revenue: CN¥5.97b (up 8.1% from 3Q 2023). Net income: CN¥994.3m (up 11% from 3Q 2023). Profit margin: 17% (in line with 3Q 2023). Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to HK$37.20. The fair value is estimated to be HK$30.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$30.70, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Machinery industry in Hong Kong. Total loss to shareholders of 5.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$30.78 per share. 공시 • Sep 27
Zhuzhou CRRC Times Electric Co., Ltd. to Report Nine Months, 2024 Results on Oct 30, 2024 Zhuzhou CRRC Times Electric Co., Ltd. announced that they will report nine months, 2024 results on Oct 30, 2024 New Risk • Aug 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 24
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: CN¥0.67 (up from CN¥0.50 in 2Q 2023). Revenue: CN¥6.36b (up 16% from 2Q 2023). Net income: CN¥939.3m (up 31% from 2Q 2023). Profit margin: 15% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. 공시 • Jul 31
Zhuzhou CRRC Times Electric Co., Ltd. Announces Resignation of Gao Feng as Independent Non-Executive Director, Member of the Audit Committee, Member of the Nomination Committee, Member of the Science and Technology Innovation Committee of the Board, and A Member and the Chairman of the Remuneration Committee The board of directors of Zhuzhou CRRC Times Electric Co., Ltd. announced that Mr. Gao Feng (‘Mr. Gao’), having served as an independent non-executive Director for almost six years and considering his other work commitment, has resigned as an independent non-executive Director with effect from 31 July 2024, pursuant to the Administrative Measures for Independent Directors of Listed Companies issued by the China Securities Regulatory Commission which stipulates that the consecutive term of office of an independent non-executive director at the same listed company shall not exceed six years. The Board announced that Mr. Gao has ceased to be a member of the audit committee of the Board, a member of the nomination committee of the Board, a member of the science and technology innovation committee of the Board, and a member and the chairman of the remuneration committee of the Board upon his resignation as an independent non-executive Director with effect from 31 July 2024. Following the resignation of Mr. Gao with effect from 31 July 2024, the Company has two members of the Nomination Committee, one of whom is an independent non-executive Director, which results in the number of the members of the Nomination Committee falling below the minimum number required under the terms of reference of the Nomination Committee, and which does not comply with the requirement under Rule 3.27A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the terms of reference of the Nomination Committee that the Nomination Committee must comprise a majority of independent non-executive Directors; and no chairman of the Remuneration Committee, which does not comply with the requirement under Rule 3.25 of the Listing Rules and the terms of reference of the Remuneration Committee that the Remuneration Committee must be chaired by an independent non-executive Director. Buy Or Sell Opportunity • Jul 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.0% to HK$28.05. The fair value is estimated to be HK$35.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 5.0%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. 공시 • Jun 29
Zhuzhou CRRC Times Electric Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Zhuzhou CRRC Times Electric Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Upcoming Dividend • Jun 25
Upcoming dividend of CN¥0.78 per share Eligible shareholders must have bought the stock before 02 July 2024. Payment date: 08 August 2024. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of Hong Kong dividend payers (7.9%). Lower than average of industry peers (3.4%). 공시 • Jun 06
Zhuzhou CRRC Times Electric Co., Ltd., Annual General Meeting, Jun 27, 2024 Zhuzhou CRRC Times Electric Co., Ltd., Annual General Meeting, Jun 27, 2024, at 10:00 China Standard Time. Location: room 301, times hotel, times road, shifeng district, zhuzhou China Declared Dividend • Jun 06
Dividend of CN¥0.78 announced Shareholders will receive a dividend of CN¥0.78. Ex-date: 2nd July 2024 Payment date: 8th August 2024 Dividend yield will be 2.6%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but not covered by cash flows (162% cash payout ratio). The dividend has increased by an average of 8.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공시 • May 15
Zhuzhou CRRC Times Electric Co., Ltd. Announces Shang Jing Resigns as the General Manager The board of Zhuzhou CRRC Times Electric Co., Ltd. announced that Mr. Shang Jing has resigned as the general manager of the Company due to a shift in his work arrangements, with effect from 14 May 2024. Following his resignation, Mr. Shang will continue to serve as an executive Director, a member of the Strategy and ESG Committee and chairman and member of the Science and Technology Innovation Committee of the Board. Mr. Shang has confirmed that he has no disagreement with the Board and is not aware of other matters about his resignation as the general manager of the Company that need to be brought to the attention of the shareholders of the Company. Reported Earnings • Mar 30
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥2.19 (up from CN¥1.80 in FY 2022). Revenue: CN¥21.8b (up 21% from FY 2022). Net income: CN¥3.11b (up 22% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 1.8%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Machinery industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. 공시 • Mar 07
Zhuzhou CRRC Times Electric Co., Ltd. Announces Resignation of Zhang Xinning as Non-Executive Director Zhuzhou CRRC Times Electric Co., Ltd. announced that Mr. Zhang Xinning (Mr. Zhang) has resigned as a non-executive director with effect from 7 March 2024 due to work adjustment. The board further announced that Mr. Zhang has ceased to be a member of the Strategy and ESG Committee of the Board upon his resignation as a non-executive Director with effect from 7 March 2024. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$24.30, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Machinery industry in Hong Kong. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$10.75 per share. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: CN¥2.19 (vs CN¥1.80 in FY 2022) Full year 2023 results: EPS: CN¥2.19 (up from CN¥1.80 in FY 2022). Revenue: CN¥21.6b (up 20% from FY 2022). Net income: CN¥3.11b (up 22% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Machinery industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$18.24, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Machinery industry in Hong Kong. Total loss to shareholders of 57% over the past three years. 공시 • Oct 27
Zhuzhou Crrc Times Electric Co., Ltd. Announces Executive Appointments Zhuzhou CRRC Times Electric Co., Ltd. has resolved to establish the Science and Technology Innovation Committee of the Board with effect from 26 October 2023. The Board appointed Mr. Shang Jing, Mr. Li Donglin, Mr. Liu Ke'an, Mr. Li Kaiguo and Mr. Gao Feng as members of the Science and Technology Innovation Committee, and Mr. Shang Jing as the chairman of the Science and Technology Innovation Committee. Reported Earnings • Oct 27
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: CN¥0.64 (up from CN¥0.49 in 3Q 2022). Revenue: CN¥5.53b (up 27% from 3Q 2022). Net income: CN¥898.9m (up 30% from 3Q 2022). Profit margin: 16% (in line with 3Q 2022). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Major Estimate Revision • Oct 27
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from CN¥2.13 to CN¥2.36. Revenue forecast steady at CN¥22.2b. Net income forecast to grow 20% next year vs 17% growth forecast for Machinery industry in Hong Kong. Consensus price target broadly unchanged at HK$40.66. Share price rose 5.6% to HK$25.60 over the past week. New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings have declined by 1.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. 공시 • Sep 23
Zhuzhou CRRC Times Electric Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023 Zhuzhou CRRC Times Electric Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 23
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: CN¥0.50 (up from CN¥0.37 in 2Q 2022). Revenue: CN¥5.48b (up 38% from 2Q 2022). Net income: CN¥719.1m (up 36% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year. Board Change • Jul 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Kaiguo Li was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 22
Upcoming dividend of CN¥0.55 per share at 2.1% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 08 August 2023. Payout ratio is a comfortable 29% and the cash payout ratio is 85%. Trailing yield: 2.1%. Lower than top quartile of Hong Kong dividend payers (7.9%). Lower than average of industry peers (2.6%). 공시 • Jun 02
Zhuzhou CRRC Times Electric Co., Ltd., Annual General Meeting, Jun 27, 2023 Zhuzhou CRRC Times Electric Co., Ltd., Annual General Meeting, Jun 27, 2023, at 14:00 China Standard Time. Location: Room 301, Times Hotel, Times Road, Shifeng District Zhuzhou China Agenda: To consider and approve the resolution on the Company's 2022 annual report and its summary; to consider and approve the resolution on the Company's 2022 final accounts report; to consider and approve the resolution on the 2022 work report of the board of directors of the Company; to consider and approve the resolution on the 2022 work report of the supervisory committee of the Company; to consider and approve the resolution on the 2022 profit distribution plan of the Company; to consider and approve the resolution on the appointment of auditors for 2023; to consider and approve the resolution on the 2023 bank credit lines applications; to consider and approve the resolution on the remuneration of the directors of the Company for 2022; to consider and approve the resolution on the remuneration of the supervisors of the Company for 2022; to elect directors and supervisors; and to consider other matters. Reported Earnings • Apr 29
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: CN¥0.31 (up from CN¥0.24 in 1Q 2022). Revenue: CN¥3.09b (up 21% from 1Q 2022). Net income: CN¥435.1m (up 28% from 1Q 2022). Profit margin: 14% (in line with 1Q 2022). Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥1.80 (vs CN¥1.63 in FY 2021) Full year 2022 results: EPS: CN¥1.80 (up from CN¥1.63 in FY 2021). Revenue: CN¥18.0b (up 19% from FY 2021). Net income: CN¥2.56b (up 27% from FY 2021). Profit margin: 14% (in line with FY 2021). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. 공시 • Jan 18
Zhuzhou CRRC Times Electric Co., Ltd. to Report Fiscal Year 2022 Results on Mar 30, 2023 Zhuzhou CRRC Times Electric Co., Ltd. announced that they will report fiscal year 2022 results at 12:30 PM, China Standard Time on Mar 30, 2023