Zhuzhou CRRC Times Electric Co Ltd Class H (HK:3898)
:3898
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Zhuzhou CRRC Times Electric Co
(3898)
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Rating:65Neutral
Price Target:
HK$39.00
â–¼(-9.26% Downside)
Action:ReiteratedDate:04/28/26
The score is driven primarily by strong revenue/profitability and a relatively low-leverage balance sheet, tempered significantly by weak cash conversion and negative recent free cash flow. Technical indicators also weigh on the score due to broad weakness versus moving averages and negative MACD, while the modest P/E and ~4.3% dividend yield provide valuation support.
Positive Factors
Revenue growth momentum
Sustained top-line growth (16.4% reported) reflects successful order wins and expanding market share in rail electrification. Durable revenue expansion supports scale benefits, recurring service opportunities and reinvestment capacity, bolstering competitiveness over the medium term.
Negative Factors
Weak cash conversion and negative FCF
Inconsistent and recently negative free cash flow reduces ability to self-fund capex, pay down debt or sustain dividends. For a project-driven rail supplier, poor cash conversion increases reliance on external financing and raises execution risk on large contracts over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth momentum
Sustained top-line growth (16.4% reported) reflects successful order wins and expanding market share in rail electrification. Durable revenue expansion supports scale benefits, recurring service opportunities and reinvestment capacity, bolstering competitiveness over the medium term.
Read all positive factors
Zhuzhou CRRC Times Electric Co (3898) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$68.60B
Dividend Yield4.07%
Average Volume (3M)3.04M
Price to Earnings (P/E)17.1
Beta (1Y)0.98
Revenue Growth16.42%
EPS Growth14.43%
CountryHK
Employees10,010
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)0.54
Shares Outstanding489,040,900
10 Day Avg. Volume3,669,973
30 Day Avg. Volume3,041,145
Financial Highlights & Ratios
PEG Ratio0.99
Price to Book (P/B)1.09
Price to Sales (P/S)1.62
P/FCF Ratio166.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$45.43Price Target Upside5.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)3.34
Revenue Forecast (FY)HK$32.01B
Zhuzhou CRRC Times Electric Co Business Overview & Revenue Model
Company Description
Zhuzhou CRRC Times Electric Co., Ltd., together with its subsidiaries, engages in the research, development, design, manufacture, and sale of railway transportation equipment products, and provision of relevant services primarily in Mainland China...
How the Company Makes Money
The company primarily makes money by selling systems, equipment, and related services to rail vehicle manufacturers and rail operators/infrastructure customers. Key revenue streams include: (1) Rail transit electrical systems and equipment sales—r...
Zhuzhou CRRC Times Electric Co Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.07B | 28.59B | 24.91B | 21.80B | 18.03B | 14.82B |
| Gross Profit | 9.58B | 8.26B | 8.07B | 5.09B | 5.97B | 5.00B |
| EBITDA | 5.13B | 5.60B | 5.58B | 4.34B | 3.77B | 2.40B |
| Net Income | 4.08B | 4.10B | 3.70B | 3.04B | 2.56B | 2.02B |
Balance Sheet | ||||||
| Total Assets | 71.77B | 72.44B | 64.80B | 53.40B | 48.51B | 44.15B |
| Cash, Cash Equivalents and Short-Term Investments | 8.10B | 8.88B | 17.84B | 13.83B | 14.59B | 15.85B |
| Total Debt | 10.07B | 9.24B | 6.21B | 5.34B | 3.34B | 2.23B |
| Total Liabilities | 25.33B | 25.94B | 20.04B | 15.69B | 13.21B | 10.86B |
| Stockholders Equity | 42.99B | 42.51B | 41.53B | 37.00B | 34.53B | 32.62B |
Cash Flow | ||||||
| Free Cash Flow | -882.69M | 278.38M | -89.41M | -198.63M | 1.09B | 1.18B |
| Operating Cash Flow | 3.22B | 4.18B | 3.36B | 2.78B | 2.04B | 2.15B |
| Investing Cash Flow | -2.43B | -6.63B | -3.20B | -2.28B | -2.26B | -6.01B |
| Financing Cash Flow | -2.25B | -731.06M | 456.25M | -589.06M | -591.38M | 6.97B |
Zhuzhou CRRC Times Electric Co Technical Analysis
Neutral
42.98
Price Trends
40.24
Negative
39.55
Negative
38.50
Negative
Market Momentum
-0.55
Negative
46.17
Neutral
63.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3898, the sentiment is Neutral. The current price of 42.98 is above the 20-day moving average (MA) of 37.42, above the 50-day MA of 40.24, and above the 200-day MA of 38.50, indicating a neutral trend. The MACD of -0.55 indicates Negative momentum. The RSI at 46.17 is Neutral, neither overbought nor oversold. The STOCH value of 63.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:3898.
Zhuzhou CRRC Times Electric Co Peers Comparison
UnderperformOutperform
Sector (63)
HK:3898
Zhuzhou CRRC Times Electric Co
34.86
5.50
18.75%
HK:1786
CRCC High-Tech Equipment
0.81
0.10
14.08%
HK:3969
China Railway Signal & Communication
3.61
0.66
22.29%
Zhuzhou CRRC Times Electric Co Corporate Events
Zhuzhou CRRC Times Electric Issues Unaudited First-Quarter 2026 Results
Apr 27, 2026
Zhuzhou CRRC Times Electric has released its unaudited financial information for the first quarter ended 31 March 2026, prepared under Chinese Accounting Standards for Business Enterprises. The company stated that the quarterly report, which has n...
Zhuzhou CRRC Times Electric Sets April Board Meeting to Approve Q1 2026 Results
Mar 30, 2026
Zhuzhou CRRC Times Electric Co., Ltd. has scheduled a board meeting for 27 April 2026 to review and approve the publication of the group’s unaudited financial results for the three months ended 31 March 2026. The session may also address oth...
Zhuzhou CRRC Times Electric Posts 2025 Results and Reinforces Strategic Vision
Mar 27, 2026
Zhuzhou CRRC Times Electric has released its audited annual results for the year ended 31 December 2025, fulfilling disclosure requirements for its Hong Kong listing and confirming that the full 2025 annual report will be available online by 30 Ap...
Zhuzhou CRRC Times Electric Sets 2026 Plan to Boost Value, Innovation and Shareholder Returns
Mar 27, 2026
Zhuzhou CRRC Times Electric has released its 2026 Corporate Value and Return Enhancement Action Plan, building on the implementation of its 2025 plan that delivered improvements in high-quality operations, technological innovation and shareholder ...
Zhuzhou CRRC Times Electric Proposes Final 2025 Dividend and Sets Withholding Tax Terms
Mar 27, 2026
Zhuzhou CRRC Times Electric Co., Ltd. has proposed a final ordinary cash dividend of RMB 0.68 per share for the financial year ended 31 December 2025, with the Hong Kong dollar equivalent, key dates such as ex-dividend, record date, and payment da...
Zhuzhou CRRC Times Electric Affirms Compliance of Connected Deals With CRRC Group
Mar 27, 2026
Zhuzhou CRRC Times Electric has reported the quarterly review results of its continuing connected transactions under a three-year mutual supply framework agreement with CRRC Group and its affiliated entities, covering the provision of products, co...
Zhuzhou CRRC Times Electric Posts Double-Digit Revenue and Profit Growth in 2025 Preliminary Results
Feb 6, 2026
Zhuzhou CRRC Times Electric has reported strong preliminary financial results for 2025, with total operating revenue rising 15.46% year on year to RMB 28.76 billion and net profit attributable to shareholders increasing 10.88% to RMB 4.11 billion....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.