Market‑Wide Volatility and the Surge of TIMES (TS: 001234)
On September 17–18, the Shenzhen Stock Exchange witnessed a sharp swing in sentiment. While the overall market oscillated between a modest rise on the 17th and a dip on the 18th, the stock of TIMES captured the most attention. The company’s share price closed at CNY 33.18 on the 18th, a 10.01 % increase from the prior day, and its 52‑week high remains at that same level. The 52‑week low of CNY 14.41 underscores the magnitude of the recent rally.
Why TIMEs Is on the Radar
Control‑Structure Announcement
On September 13, TIMES’ controlling shareholder, New Tai Investment, entered into a share‑transfer agreement with Guangzhou Light‑Industry Group to transfer 29.99 % of its stake. The pending change of control is a key catalyst that prompted the market’s positive reaction.Abnormal Trading Activity
The company was flagged for abnormal trading on September 17, with cumulative abnormal price changes exceeding 30 % over three consecutive days. The Securities Regulatory Commission’s subsequent clarification noted that the anomaly stemmed from the ownership‑transfer process, not from undisclosed material information.Liquidity and Trading Volume
During the 18th trading session, TIMES’ average daily turnover surged to CNY 5.7 billion. The volume of blocked orders reached 12.52 million shares, accounting for 41.55 % of the free‑float and 12.29 % of the day’s total traded volume. This level of participation demonstrates strong investor confidence in the company’s short‑term prospects.
Market Context
Index Movements
The Shanghai Composite fell 1.15 % while the Shenzhen Component slid 1.06 % on the 18th, reflecting a broader sell‑off in sectors such as financials, rare‑earths, and metals. In contrast, the ChiNext index rallied 1.95 % the day before, buoyed by a surge in semiconductor and robotics stocks.Sector Performance
The chip packaging and CPO themes led gains on the 18th, with several firms hitting limit‑up. Meanwhile, tourism and cattle sectors lagged behind. This uneven landscape positioned TIMES, a non‑cyclical producer, as a potential safe haven for risk‑averse investors.Investor Sentiment
Despite the broader market’s volatility, TIMES benefitted from a surge in limit‑up activity. The day’s trading data showed a 70 % limit‑up ratio among the 64 limit‑up stocks, indicating robust demand across the board. The company’s strong performance helped buoy overall market sentiment on the 17th, when the ChiNext index saw its largest single‑day gain in over three years.
Financial Snapshot
| Metric | Value |
|---|---|
| Market Cap | CNY 1.94 billion |
| P/E Ratio | 25.21 |
| Close Price (Sep 18) | CNY 33.18 |
| 52‑Week High | CNY 33.18 |
| 52‑Week Low | CNY 14.41 |
TIMES’ price‑to‑earnings ratio of 25.21 suggests that the market is pricing in modest earnings growth, likely driven by the company’s ongoing production expansion and the potential upside from the ownership transition.
Outlook
Given the recent control‑change proceedings and the high liquidity observed, TIMES is positioned to capitalize on a short‑term trading rally. Investors should, however, remain mindful of the following:
- Completion of the Transfer – The actual handover of the 29.99 % stake is still pending. Any delay or regulatory hurdle could dampen enthusiasm.
- Market Volatility – While the current trend is bullish, the broader market’s susceptibility to sector‑specific shocks remains high.
- Earnings Guidance – The company’s forthcoming quarterly report will provide clearer insight into whether the price movement reflects sustainable operational performance or speculative excess.
In summary, TIMES has become a focal point in the Shenzhen market, its share price propelled by a pending ownership shift and robust trading activity. The stock’s performance, set against a backdrop of sectoral turbulence and a recovering technology segment, underscores the dynamic nature of China’s equity markets in the latter part of September 2025.