HK Stock Market Move | Zhuzhou CRRC Times Electric (03898) closes up nearly 5%, China Railway's bidding expected to support full-year performance, Beijing Emerging Eastern Aviation Equipment business developing rapidly.

Zhuzhou CRRC Times Electric (03898) rose nearly 5% at the close, up 4.04% to HK$40.14, with a turnover of HK$1.25 billion. On the news front, Zhuzhou CRRC Times Electric previously released its performance with operating income of 18.83 billion yuan in the first three quarters, a year-on-year increase of 14.9%; net profit attributable to mother was 2.72 billion yuan, a year-on-year increase of 10.9%. During the period, revenue from rail transportation equipment products reached 10.31 billion yuan, a year-on-year increase of 9.2%; revenue from Beijing Emerging Eastern Aviation Equipment products reached 8.43 billion yuan, a year-on-year increase of 22.3%. EB SECURITIES released a research report stating that by August 2025, China Railway Group has accumulated tenders for 278 trainsets and 456 locomotives, both increasing compared to the same period last year. In the tenders for trainsets and locomotives in the first half of 2025, the company's market share remained stable, and the continued growth in the scale of tenders for trainsets and locomotives is expected to provide strong support for the company's full-year performance. In addition, the company's Wuxi Phase 3 project for power semiconductors is progressing steadily, reaching design capacity by the end of June 2025. With the continuous commissioning of new production capacity in the company's power semiconductor business, the Beijing Emerging Eastern Aviation Equipment segment is expected to continue to expand.