The latest update is out from China ITS Holdings Co., Ltd. ( (HK:1900) ).
China ITS Holdings Co., Ltd. has issued a profit warning, anticipating a significant decrease in profit for the year ending December 31, 2024. The company expects a profit of approximately RMB22.1 million, an 84% drop from the previous year’s RMB137.2 million. This decline is primarily due to substantial losses from changes in the fair value of financial assets and decreased revenue and gross profit, attributed to delays in overseas railway projects. The company’s annual results are expected to be announced on March 31, 2025.
More about China ITS Holdings Co., Ltd.
China ITS Holdings Co., Ltd. operates in the intelligent transportation systems industry, focusing on providing solutions and services related to transportation infrastructure and management, particularly in the railway segment.
YTD Price Performance: -10.53%
Average Trading Volume: 262,109
Technical Sentiment Signal: Hold
Current Market Cap: HK$292.4M
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