HK Stock Market Move | Zhuzhou CRRC Times Electric (03898) rises over 8%. The company Beijing Emerging Eastern Aviation Equipment has rapidly developed its business, and the power semiconductor has entered the production phase.

Zhuzhou CRRC Times Electric (03898) rose by more than 8%, reaching 8.47% by the time of publication, at 42.52 Hong Kong dollars, with a turnover of 226 million Hong Kong dollars. On the news front, Zhuzhou CRRC Times Electric recently answered investors' questions on the interactive platform, stating that the third-phase Zhuzhou SiC production line is expected to start production by the end of 2025, with the company currently in the process of ramping up production capacity. The company has already delivered small quantities of automotive-grade SiC products. Industrial previously pointed out that with the partial production capacity of the Zhuzhou Phase III silicon carbide project in 2026, combined with the production of the Yixing Phase III and Zhuzhou Phase III projects, the company's power semiconductor production capacity is growing rapidly. FIRST SHANGHAI noted that the semiconductor new factory is at full capacity, and the trend of new energy power generation and electric vehicles is positive: the Yixing new factory is expected to reach a full capacity of 30,000 pieces/month by 2025, with revenue experiencing rapid growth. The 8-inch silicon carbide production line in Zhuzhou is expected to reach full capacity by the end of 2025, entering a 1-2 year period of production capacity ramp-up. The new energy power generation business unit operates independently and has already achieved slight profitability, and is expected to expand further in cooperation with its parent company, Zhuzhou, in the areas of photovoltaics, wind power, and energy storage PCS. The cooperation with mainstream automotive manufacturers in electric drive systems has positioned the company in the top tier, with new breakthroughs in customer delivery volumes from companies such as Chery and SAIC.