Securities Star News, Times Electric (688187) replied to investors' concerns on the investor relations platform on February 12.

Investors: How does the company manage its market capitalization? What are the specific measures? It is recommended that the company actively seek to be acquired by excellent rail transit companies such as Tieke Railway and Shenzhou High-speed Rail, or exchange executives to these excellent rail transit companies for a year to boost investor confidence

Secretary of the Board of Directors of Times Electric: Hello dear investors! In 2023, CRRC Co., Ltd. and its holding subsidiaries increased their holdings of 1.415 million A shares and 23.94 million H shares of the company, respectively. In October 2023, CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd. promised to voluntarily extend the lock-up period of 589,585,699 shares (accounting for 41.63% of the company's current total share capital) acquired before the initial public offering and listing of the company, and voluntarily extend the lock-up period for 12 months from the expiration of the lock-up period on September 7, 2024 to September 6, 2025. In January 2024, the company repurchased 4,696,800 H shares and subsequently cancelled them. In 2024, the Company will distribute cash dividends of RMB7.8 (tax included) to all shareholders for every 10 shares, with a total cash dividend of more than RMB1.1 billion, accounting for 35.45% of the Company's net profit attributable to shareholders of listed companies in the Company's consolidated statements for 2023, and the cash dividend per share increased by 41.82% year-on-year. On December 6, 2024, the Company held the 14th meeting of the 7th session of the Board of Directors, at which it deliberated and approved the "Proposal on the Company's Continued Repurchase of H Shares", agreeing to repurchase no more than 54,263,200 H shares (i.e. 10% of the total number of H shares issued at the time of the annual general meeting and the general meeting of ordinary shareholders respectively) with the Company's own funds within the scope of the authorization of the general meeting, and the repurchase price shall not exceed RMB31.38 (corresponding HKD)/ The conditions of the shares shall not reach or exceed 105% of the average closing price of the H shares in the 5 trading days prior to the actual repurchase date, and the repurchase amount shall not be higher than RMB 1.702 billion (corresponding Hong Kong dollars, excluding transaction costs), and the repurchase funds shall be its own funds, and the repurchase period shall be from the date of approval by the board of directors of Times Electric to the end of the 2024 annual general meeting of the Company. The date of expiration of 12 months from the date on which the repurchase authorization proposal is passed by a special resolution at the 2023 Annual General Meeting or the date on which the extraordinary resolution of the Company passes a special resolution to revoke or vary the authorization granted by the relevant special resolution, whichever occurs at the earliest of the three. After the company completes the repurchase, it will take the opportunity to cancel the repurchased H shares, and the company will reduce the registered capital accordingly.

Investors: Are the company's automotive-grade chips and iGBT products provided to BYD and other new energy vehicles? Which new energy vehicle companies are your customers?

Secretary of the Board of Directors of Times Electric: Hello dear investors! According to the statistics on the installed capacity of passenger car power modules recently released by NE Times, the company's installed capacity in 2024 will be about 2,255,600, ranking second, with a market share of about 13.7%.

Investors: What is the number of shareholders of the company as of January 27? Thank you

Secretary of the Board of Directors of Times Electric: Hello dear investors! As of January 27, 2025, the number of A-share shareholders of the company is 17,270.

Investors: As of the close of trading on February 7, 2025, how much of the company's H shares have been repurchased?

Secretary of the Board of Directors of Times Electric: Hello dear investors! As of the close of trading on February 7, 2025, the Company repurchased a total of 26,321,100 H Shares, and as of the close of trading on February 11, 2025, the Company repurchased a total of 29,067,700 H Shares. The 4,887,300 H shares repurchased were cancelled on December 19, 2024.

Investors: What is the future development direction of Times Electric's robotics technology?

Secretary of the Board of Directors of Times Electric: Hello dear investors! In 2015, the company acquired SpecialistMachineDevelopments (SMD) Limited, a well-known global supplier of deep-sea robots located in the United Kingdom, and established Shanghai CRRC SMD in 2017 to extend the company's business to the field of offshore equipment, the company's offshore equipment mainly includes deep-sea operation robots, submarine trenching and cable laying products, deck and submarine mining and other products. In addition, in 2022, the company has completed the development of the intelligent train inspection system and realized the acceptance and delivery in Wuxi Metro, and the under-car inspection robot has been applied in Wuxi Line 2, Xuzhou and other subway lines.

Investors: What is the layout of the company's robotics field?

Secretary of the Board of Directors of Times Electric: Hello dear investors! In 2015, the company acquired SpecialistMachineDevelopments (SMD) Limited, a well-known global supplier of deep-sea robots located in the United Kingdom, and established Shanghai CRRC SMD in 2017 to extend the company's business to the field of offshore equipment, the company's offshore equipment mainly includes deep-sea operation robots, submarine trenching and cable laying products, deck and submarine mining and other products. In addition, in 2022, the company has completed the development of the intelligent train inspection system and realized the acceptance and delivery in Wuxi Metro, and the under-car inspection robot has been applied in Wuxi Line 2, Xuzhou and other subway lines.

The above content is compiled by Securities Star based on public information and generated by an intelligent algorithm (Network Information Calculation No. 310104345710301240019), and does not constitute investment advice.