Times Electric (03898) Opens Over 3% Higher as Q3 Net Profit Attributable to Shareholders Reaches 1.09 Billion Yuan, Up 4.2% Year-on-Year

Stock News11-02

Times Electric (03898) opened more than 3% higher. As of press time, it was up 3.27% at HK$26.5, with a turnover of HK$1.1625 million.

On the news front, Times Electric released its results. For the first three quarters, operating revenue was 20.82 billion yuan, up 10.6% year-on-year; net profit attributable to shareholders was 2.81 billion yuan, up 3.1% year-on-year.

In the third quarter, the company's revenue was 7.75 billion yuan, up 17.1% year-on-year; net profit attributable to shareholders was 1.09 billion yuan, up 4.2% year-on-year.

Compared with the 2026 semi-annual report, the third largest shareholder, China Chengtong Holdings Group Ltd., increased its holdings by 8.9 million shares to 13.34 million shares, accounting for 1.00% of total share capital.

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