Changes in Hong Kong stocks | Times Electric (03898) fell more than 7%. Net profit in the first half of the year increased by only 2.44% year-on-year, and the new energy sector's revenue fell 60%

The Zhitong Finance App learned that Times Electric (03898) fell by more than 7%. As of press release, it fell 7.43% to HK$32.14, with a turnover of HK$154 million.

According to the news, Times Electric announced its 2026 interim results last night. Operating revenue was about 13.07 billion yuan, up 7.01% year on year; net profit attributable to shareholders of listed companies was about 1,712 billion yuan, up 2.44% year on year; and cash dividend of 4.60 yuan (tax included) for every 10 shares. In terms of specific business, the rail transit sector contributed 7.588 billion yuan in revenue, up 9.67% year on year, with the communication signal systems sector growing at the highest rate of 15.67%; the emerging equipment sector achieved revenue of 5.428 billion yuan, a slight increase of 3.50% year on year, the automotive sector surged 46.50% year on year, and the marine sector increased 30.76% year on year, but the revenue of the new energy sector fell 64.99% year on year, becoming the main drag on the growth of the emerging sector.