On May 21, CRRC Times Electric (03898.HK) fell 3.16% in regular trading, trading at HK$39.32/share, with trading volume of approximately HK$106 million.

The decline extends a multi-day technical pullback following a sharp rally driven by power semiconductor supply-demand imbalance. On May 13, the stock surged over 15% in a single session, hitting the daily limit, after news emerged that delivery times at major IDM manufacturers had extended to 30 weeks amid tightening supply of IGBT and MOSFET products. Since that peak, the stock has experienced consecutive days of profit-taking pressure.

On the supply side, the company's Yixing Phase III project has commenced production and the Zhuzhou Phase III silicon carbide project is partially operational, rapidly expanding power semiconductor capacity. However, southbound capital has continued to reduce holdings in recent sessions, further intensifying selling pressure. Additionally, the company recently completed H stock buyback cancellations, passively lifting its controlling shareholder's stake to 50.15%. Despite the structural supply shortage in power semiconductors, short-term technical correction pressure remains significant given the magnitude of the prior rally.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)