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China ITS Holdings Reports 2024 Financial Results with Mixed Performance

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China ITS Holdings Reports 2024 Financial Results with Mixed Performance

China ITS Holdings Co., Ltd. ( (HK:1900) ) has shared an announcement.

China ITS Holdings Co., Ltd. reported its audited annual results for the year ended December 31, 2024, revealing a slight increase in new contracts signed, totaling RMB960.7 million, but a 4.4% decline in revenue to RMB819.8 million compared to the previous year. The company experienced a significant drop in profit attributable to owners, falling to RMB22.1 million from RMB137.2 million in 2023. Despite these challenges, the backlog increased by 27.3%, indicating potential future revenue growth. The gross profit margin decreased slightly, and other income and gains saw a substantial reduction, impacting overall profitability.

More about China ITS Holdings Co., Ltd.

China ITS Holdings Co., Ltd. operates in the intelligent transportation systems industry, focusing on providing integrated solutions and services for transportation infrastructure. The company primarily engages in the development and implementation of technologies that enhance the efficiency and safety of transportation networks.

YTD Price Performance: -11.11%

Average Trading Volume: 264,734

Technical Sentiment Signal: Hold

Current Market Cap: HK$289M

For a thorough assessment of 1900 stock, go to TipRanks’ Stock Analysis page.

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