---
title: "TIMES ELECTRIC  Up Over 3% as CICC Says 1Q26 Results Steady with Solid Rail Transit Growth"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284489206.md"
description: "TIMES ELECTRICshares rose over 3% following a report from CICC indicating steady 1Q26 results with solid rail transit growth. The company reported operating revenue of RMB5.102 billion, up 12.45% YoY, and a net profit of RMB643 million, up 1.91% YoY. CICC maintained its forecasts for net profit at RMB4.7 billion and RMB5.2 billion for 2026 and 2027, respectively, with an Outperform rating and a target price of HKD44, suggesting a 19.8% upside from the current price."
datetime: "2026-04-29T03:58:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284489206.md)
  - [en](https://longbridge.com/en/news/284489206.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284489206.md)
generator: "portal-rs"
---

# TIMES ELECTRIC  Up Over 3% as CICC Says 1Q26 Results Steady with Solid Rail Transit Growth

TIMES ELECTRIC (03898.HK) +1.300 (+3.729%) Short selling $102.07M; Ratio 19.522% opened 0.69% higher this morning (29th), hitting a peak of HKD36.42. It is now trading at HKD36.18, up 3.79%, with turnover of 2.6787 million shares, involving HKD96.5695 million.

CICC issued a report noting that TIMES ELECTRIC's 1Q26 results were slightly below its expectations. Operating revenue was RMB5.102 billion, up 12.45% YoY. Net profit attributable to shareholders reached RMB643 million, up 1.91% YoY. Net profit attributable to shareholders after deducting non-recurring items was RMB592 million, down 0.78% YoY. The slight miss was mainly due to (1) a YoY increase in period expenses in 1Q26, primarily affected by a YoY rise in R&D personnel and assessment settlements; and (2) increased foreign exchange losses compared with the same period last year amid a complex and volatile international environment and forex fluctuations.

CICC maintained its forecasts for net profit attributable to shareholders at RMB4.7 billion and RMB5.2 billion for 2026 and 2027, respectively. The current share price corresponds to 9.5x/8.4x 2026/2027 PE. The broker maintained its Outperform rating and HKD44 TP, corresponding to 11.3x 2026 PE and 10x 2027 PE, implying 19.8% upside from the current price. (ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-28 16:25.)

This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**