Movement Alert|CRRC Times Electric Rises 3.56% in Regular Trading, Accelerated Share Buybacks Combined with Power Semiconductor Catalysts

Market Focus06-22

On June 22, CRRC Times Electric rose 3.56% in regular trading, trading at 40.94 HKD/share, with turnover of approximately 107 million HKD.

On the news front, the company has significantly accelerated its H-share buyback program. From May 7 to June 18, CRRC Times Electric cumulatively repurchased approximately 11.31 million shares, representing about 40.56% of the total authorized buyback volume. On June 18 alone, the company spent approximately 64.64 million HKD to repurchase 1.6215 million shares at prices ranging from 39.66 to 40.00 HKD per share, with all repurchased shares slated for cancellation. The intensifying buyback rhythm has provided strong price support.

Meanwhile, the company's power semiconductor business is benefiting from multiple catalysts. Its IGBT and bipolar products have secured batch orders in the HVDC domain with ongoing deliveries, while its third-phase Zhuzhou SiC production line, commissioned at the end of last year, is currently ramping up capacity with automotive-grade SiC products already in small-batch delivery. The company is also actively exploring AI data center and SST power supply opportunities.

(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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