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Zhuzhou CRRC Times Electric Co
(3898)
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Rating:70Neutral
Price Target:
HK$40.00
â–Ľ(-6.93% Downside)
Action:Reiterated
Date:05/23/26
The score is primarily held back by weak and recently negative free cash flow despite strong revenue growth and steady margins. Technicals are supportive with the stock trading above key moving averages and a positive MACD, while valuation is reasonable with a moderate P/E and an attractive dividend yield.
Positive Factors
Revenue Growth
Sustained sharp revenue growth indicates durable demand for the company’s rail electrification and systems. Given project-based contract exposure to rolling stock and infrastructure, continued top-line momentum supports scale benefits, backlog visibility, and recurring service opportunities.
Negative Factors
Weak Free Cash Flow
Inconsistent and recently negative free cash flow undermines the company’s ability to self-fund capex, normalize working capital swings from large project cycles, and sustain shareholder returns. Persistent weak FCF raises reliance on external financing when investment needs arise.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained sharp revenue growth indicates durable demand for the company’s rail electrification and systems. Given project-based contract exposure to rolling stock and infrastructure, continued top-line momentum supports scale benefits, backlog visibility, and recurring service opportunities.
Read all positive factors
Zhuzhou CRRC Times Electric Co (3898) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$75.76B
Dividend Yield4.07%
Average Volume (3M)3.04M
Price to Earnings (P/E)10.6
Beta (1Y)1.07
Revenue Growth16.42%
EPS Growth14.43%
CountryHK
Employees10,010
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)3.00
Shares Outstanding478,795,300
10 Day Avg. Volume3,669,973
30 Day Avg. Volume3,041,145
Financial Highlights & Ratios
PEG Ratio0.80
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$47.25Price Target Upside9.93% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)3.33
Revenue Forecast (FY)HK$32.27B
Zhuzhou CRRC Times Electric Co Business Overview & Revenue Model
Company Description
Zhuzhou CRRC Times Electric Co., Ltd., along with its affiliated entities, is a leading provider in the railway transportation sector, engaging in the comprehensive research, development, design, manufacturing, and sale of equipment, in addition t...
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 | 9.55B | 8.07B | 5.09B | 5.97B | 5.00B |
| EBITDA | 5.55B | 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
Negative
42.98
Price Trends
38.59
Negative
38.95
Negative
39.15
Negative
Market Momentum
-0.43
Positive
46.03
Neutral
28.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3898, the sentiment is Negative. The current price of 42.98 is above the 20-day moving average (MA) of 38.92, above the 50-day MA of 38.59, and above the 200-day MA of 39.15, indicating a bearish trend. The MACD of -0.43 indicates Positive momentum. The RSI at 46.03 is Neutral, neither overbought nor oversold. The STOCH value of 28.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3898.
Zhuzhou CRRC Times Electric Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | HK$75.76B | 10.61 | 9.76% | 4.07% | 16.42% | 14.43% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$55.38B | 14.52 | 7.66% | 5.51% | 6.65% | 7.10% | |
62 Neutral | HK$1.06B | 6.40 | 2.36% | 3.48% | 10.26% | 12.24% |
* Industrials Sector Average
HK:3898
Zhuzhou CRRC Times Electric Co
37.54
8.48
29.18%
HK:1786
CRCC High-Tech Equipment
0.70
-0.15
-17.45%
HK:3969
China Railway Signal & Communication
3.21
-0.06
-1.83%
Zhuzhou CRRC Times Electric Co Corporate Events
Zhuzhou CRRC Times Electric Wins Shareholder Backing at AGM and H Shareholders’ Meeting
Jun 26, 2026
Zhuzhou CRRC Times Electric reported the poll results of its 2025 annual general meeting and the first class meeting of H share holders held on 26 June 2026, confirming that all resolutions were passed by way of poll. The company detailed its shar...
Zhuzhou CRRC Times Electric Sets Final 2025 Dividend and Outlines Tax Treatment
Jun 26, 2026
Zhuzhou CRRC Times Electric has declared a final cash dividend of RMB 0.68 per share for the year ended 31 December 2025, with shareholder approval obtained on 26 June 2026. For Hong Kong shareholders, the dividend will be paid in Hong Kong dollar...
Zhuzhou CRRC Times Electric Confirms Compliance on CRRC Group Connected Deals
Jun 26, 2026
Zhuzhou CRRC Times Electric has entered into a three-year mutual supply framework agreement with CRRC Group, covering products, equipment, raw materials, components and a wide range of technical and support services from 2026 to 2028. The arrangem...
Zhuzhou CRRC Times Electric sets 2025 AGM to reset governance and capital mandates
Jun 1, 2026
Zhuzhou CRRC Times Electric Co., Ltd. has called its 2025 annual general meeting for 26 June 2026 in Zhuzhou, where shareholders will vote on the company’s 2025 annual report, profit distribution plan, auditor appointment, bank credit lines,...
Zhuzhou CRRC Times Electric Seeks H-Share Repurchase Mandate at 2026 Class Meeting
Jun 1, 2026
Zhuzhou CRRC Times Electric Co., Ltd. has called the first class meeting of its H-share holders for 26 June 2026 in Zhuzhou, immediately after its annual general meeting and A-share class meeting. The company will seek shareholder approval for a s...
Zhuzhou CRRC Times Electric Updates Final 2025 Dividend Timetable and Tax Details
Jun 1, 2026
Zhuzhou CRRC Times Electric has updated details of its proposed final dividend for the year ended 31 December 2025, confirming a payout of RMB 0.68 per share subject to shareholder approval on 26 June 2026. The company has set the ex-dividend date...
Zhuzhou CRRC Times Electric Proposes New Three-Year Board Line-Up
May 25, 2026
Zhuzhou CRRC Times Electric has proposed a new slate of executive and independent non-executive directors for its eighth board term as the tenure of the current seventh board nears expiry. Three executive directors, including incumbent chairman Li...
Zhuzhou CRRC Times Electric Cancels Repurchased H Shares, Boosts Controlling Stake
May 12, 2026
Zhuzhou CRRC Times Electric has cancelled 10,245,600 repurchased H shares, reducing its total issued share capital to 1,347,702,812 shares, comprising 868,907,512 A shares and 478,795,300 H shares. The repurchases, conducted between February 10 an...
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...
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.