TIMES ELECTRIC (03898) rose more than 8%. As of the time of writing, the stock was up 8.47% to HK$42.52, with a turnover of HK$226 million.
On the news front, the company recently stated on an interactive platform in response to investor inquiries that its Phase III Zhuzhou SiC production line is scheduled for production by the end of 2025 and is currently in the process of ramping up capacity. The company's automotive-grade SiC products have already been delivered in small batches.
CICC previously noted that part of the capacity from the company's Phase III Zhuzhou silicon carbide project will commence production in 2026. With the production of the Phase III Yixing and Phase III Zhuzhou projects, the company's power semiconductor capacity is growing rapidly.
It was also pointed out that the new semiconductor factory has reached full capacity, and trends in new energy power generation and automotive electric drives are favorable. The new Yixing factory achieved full production of 30,000 wafers per month by mid-2025, driving rapid revenue growth. The 8-inch silicon carbide production line in Zhuzhou is expected to be operational by the end of 2025, entering a 1-2 year capacity ramp-up and release period. The New Energy Power Generation Division, now operating independently, has achieved modest profitability. Leveraging business cooperation with its parent company, Zhuzhou Institute, it is poised for further expansion in photovoltaic, wind power, and energy storage PCS sectors. The automotive electric drive business collaborates with mainstream automakers, maintaining a leading position. It has secured new clients including Chery and SAIC, leading to a significant increase in delivery volumes.
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