CRRC Times Electric Cancels Accounts of Two Projects After Completion

MT Newswires Live09-11 11:04

Zhuzhou CRRC Times Electric (HKG:3898, SHA:688187) decided to cancel the accounts for two projects after they had been utilized, according to a Friday disclosure on the Shanghai bourse.

The accounts were for the research and development projects for advanced technologies in new industries and for electric drive systems for new energy vehicles.

The accounts were created as a deposit for the 7.44 billion yuan net proceeds the Chinese train manufacturer earned from its 2021 initial public offering. The proceeds were used for a number of the company's projects.

The company's Hong Kong shares fell 2%, while the Shanghai shares slipped 1% during the morning trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2666419510?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-11 11:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2666419510","market":"hk","top_or_hot":-1,"title":"CRRC Times Electric Cancels Accounts of Two Projects After Completion","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/ZHUZF\">Zhuzhou CRRC Times</a> Electric (HKG:3898, SHA:688187) decided to cancel the accounts for two projects after they had been utilized, according to a Friday disclosure on the Shanghai bourse.</p><p>The accounts were for the research and development projects for advanced technologies in new industries and for electric drive systems for new energy vehicles.</p><p>The accounts were created as a deposit for the 7.44 billion yuan net proceeds the Chinese train manufacturer earned from its 2021 initial public offering. The proceeds were used for a number of the company's projects.</p><p>The company's Hong Kong shares fell 2%, while the Shanghai shares slipped 1% during the morning trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CRRC Times Electric Cancels Accounts of Two Projects After Completion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCRRC Times Electric Cancels Accounts of Two Projects After Completion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-09-11 11:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/ZHUZF\">Zhuzhou CRRC Times</a> Electric (HKG:3898, SHA:688187) decided to cancel the accounts for two projects after they had been utilized, according to a Friday disclosure on the Shanghai bourse.</p><p>The accounts were for the research and development projects for advanced technologies in new industries and for electric drive systems for new energy vehicles.</p><p>The accounts were created as a deposit for the 7.44 billion yuan net proceeds the Chinese train manufacturer earned from its 2021 initial public offering. The proceeds were used for a number of the company's projects.</p><p>The company's Hong Kong shares fell 2%, while the Shanghai shares slipped 1% during the morning trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2778985437.USD","symbol_name":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2666419510","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2666419510","pubTimestamp":1789095882,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Zhuzhou CRRC Times Electric  decided to cancel the accounts for two projects after they had been utilized, according to a Friday disclosure on the Shanghai bourse.The accounts were for the research and development projects for advanced technologies in new industries and for electric drive systems for new energy vehicles.The accounts were created as a deposit for the 7.44 billion yuan net proceeds the Chinese train manufacturer earned from its 2021 initial public offering. The proceeds were used for a number of the company's projects.The company's Hong Kong shares fell 2%, while the Shanghai shares slipped 1% during the morning trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"688187":"时代电气","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","LU2351347302.SGD":"T. ROWE PRICE FUNDS SICAV CHINA EVOLUTION EQUITY \"AN\" (SGDHDG) ACC","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","LU2929501877.USD":"T. ROWE PRICE FUNDS SICAV CHINA EVOLUTION EQUITY \"A6P\" (USD) INC","03898":"时代电气","LU1171460220.USD":"FULLGOAL CHINA SMALL-MID CAP GROWTH \"A1\" (USD) INC","BK1171":"建筑机械与重型卡车","LU0048580855.USD":"富达大中华区A","01766":"中国中车","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","LU0370786039.SGD":"Fidelity Greater China A-SGD","BK0279":"运输设备","BK1565":"高铁基建股","BK1505":"一带一路","LU2187417386.USD":"T. ROWE PRICE FUNDS SICAV CHINA EVOLUTION EQUITY \"A\" (USD) ACC","BK1116":"电气部件与设备","LU2279858448.HKD":"富国中国中小盘成长基金 A1 类（港元）"},"translate_title":"中车时代电气在两个项目竣工后取消账户","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"688187":0.9,"03898":0.9,"01766":1.5},"content_text":"Zhuzhou CRRC Times Electric (HKG:3898, SHA:688187) decided to cancel the accounts for two projects after they had been utilized, according to a Friday disclosure on the Shanghai bourse.The accounts were for the research and development projects for advanced technologies in new industries and for electric drive systems for new energy vehicles.The accounts were created as a deposit for the 7.44 billion yuan net proceeds the Chinese train manufacturer earned from its 2021 initial public offering. The proceeds were used for a number of the company's projects.The company's Hong Kong shares fell 2%, while the Shanghai shares slipped 1% during the morning trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.49.0","shortVersion":"4.49.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2666419510","isCrawlerRequest":true}