Zhuzhou CRRC Times Electric Co Ltd

Chart & Performance

D1W1MN

P/E

14.62

P/S

2.08

EPS

1.97

Div Yield, %

1.74%

Shrs. gr., 5y

3.80%

Rev. gr., 5y

6.84%

Revenues

21.80b

+20.88%

Net income

3.11b

+21.51%

CFO

2.78b

+36.28%

Dividend

Jul 02, 20240.855 HKD/sh

Earnings

Mar 26, 2025

Profile

Zhuzhou CRRC Times Electric Co., Ltd., together with its subsidiaries, engages in the research, development, design, manufacture, and sale of railway transportation equipment products, and provision of relevant services primarily in Mainland China and internationally. The company's products include traction converter systems of rail transit vehicles, railway engineering machinery, and communication signal systems. It also produces propulsion and control systems for trains and electric vehicles, signaling systems, power supply solutions, platform screen doors, rail maintenance vehicles, marine engineering equipment, and component products for various applications. The company's products for rolling stock and railways include EMU, locomotive, and mass transit systems; and components products consist of semiconductors, resistors, reactors, radiators, sensors, power capacitors, and heatsinks. Its energy and industrial products comprise marine engineering, electric vehicle, and inverter and converter systems, as well as provides railway maintenance and construction machines. The company was formerly known as Zhuzhou CSR Times Electric Co., Ltd. and changed its name to Zhuzhou CRRC Times Electric Co., Ltd. in March 2016. The company was incorporated in 2005 and is based in Wanchai, Hong Kong. Zhuzhou CRRC Times Electric Co., Ltd. is a subsidiary of CRRC Zhuzhou Institute Co., Ltd.

URL

http://www.tec.crrczic.cc

IPO date

Dec 20, 2006

Employees

7,870

Domiciled in

Incorporated in

Valuation

Order:

Title CNY in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CNY in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	21,798,941 20.88%	18,033,779 19.26%	15,121,167 -5.69%
Cost of revenue	16,995,341	14,308,231	12,972,076
Unusual Expense (Income)
NOPBT	4,803,600	3,725,548	2,149,092
NOPBT Margin	22.04%	20.66%	14.21%
Operating Taxes	209,497	349,576	88,477
Tax Rate	4.36%	9.38%	4.12%
NOPAT	4,594,103	3,375,972	2,060,615
Net income	3,105,704 21.51%	2,555,823 26.67%	2,017,695 -18.49%
Dividends	(841,695)	(665,530)	(673,387)
Dividend yield	2.67%	1.21%	1.20%
Proceeds from repurchase of equity			265,136
BB yield			-0.47%
Debt
Debt current	564,122	3,136,572	2,076,882
Long-term debt	1,104,567	401,775	276,159
Deferred revenue		857,082	976,068
Other long-term liabilities	1,389,164	429,845	542,647
Net debt	(16,472,655)	(7,883,637)	(7,780,488)
Cash flow
Cash from operating activities	2,781,886	2,041,235	2,150,255
CAPEX	(2,980,519)	(953,444)	(974,003)
Cash from investing activities	(2,276,767)	(2,262,987)	(6,013,742)
Cash from financing activities	(589,057)	(591,383)	6,974,927
FCF	5,696,693	8,878,147	(2,199,660)
Balance
Cash	13,830,164	14,589,963	15,849,309
Long term investments	4,311,180	(3,167,980)	(5,715,780)
Excess cash	17,051,397	10,520,295	9,377,471
Stockholders' equity	27,200,215	22,041,336	20,404,700
Invested Capital	23,447,422	29,037,054	27,476,542
ROIC	17.51%	11.95%	8.17%
ROCE	11.85%	9.41%	5.83%
EV
Common stock shares outstanding	1,416,237	1,419,902	1,237,850
Price	22.30 -42.45%	38.75 -14.17%	45.15 40.87%
Market cap	31,582,083 -42.60%	55,021,198 -1.55%	55,888,908 48.64%
EV	15,960,003	48,085,551	48,957,370
EBITDA	5,792,591	4,532,538	2,741,892
EV/EBITDA	2.76	10.61	17.86
Interest	47,187	20,964	21,069
Interest/NOPBT	0.98%	0.56%	0.98%