Summary by Moomoo AI
Zhuzhou Zhongzhi Times Electric Co., Ltd. (Times Electric) has issued the 2023 Continuous Supervision Tracking Report, which is supervised by China International Financial Corporation as a sponsor. The report shows that Time Electric was effectively implemented in 2023 with no violations or breaches of commitments. The Company achieved operating revenue of approximately RMB217.99 billion in 2023, an increase of 20.88% year-on-year; net profit attributable to shareholders of listed companies was approximately RMB31.6 billion, an increase of 21.51% year-on-year. Basic earnings per share were $2.19, an increase of 21.67% year-on-year. The company's R&D investment accounted for 9.84% of revenue, down 0.40 percentage points from the previous year. As a leading domestic supplier of rail transport equipment, Time Electric maintains a high level of R&D investment and achieves technological innovation in a number of areas. During the reporting period, the use of funds raised by the company is compliant and there is no improper use.