No Data
Express News | China Securities Co., Ltd.: Smart transportation construction speeds up, industry chain companies are expected to benefit.
CHINA ITS: INTERIM REPORT 2024
China ITS Holdings Faces Mixed Results in 2024
CHINA ITS: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2024
China ITS Holdings Anticipates Mid-Year Losses
China ITS (01900.HK) issued a profit warning: expected to incur a loss of approximately 38 million yuan in the medium term.
On August 21, China ITS (01900.HK) announced that the company expects a net loss attributable to owners of the parent company of approximately RMB 380 million for the six months ending June 30, 2024, while a net profit attributable to owners of the parent company of approximately RMB 55.1 million was recorded for the same period in 2023. The group's performance loss is mainly due to (i) significant losses in fair value changes of financial assets during the mid-term period, affected by the volatility of the securities market, while gains were recorded for fair value changes of financial assets for the same period in 2023; and (ii) foreign exchange losses in the Myanmar electrical utilities business during the mid-term period.
No Data
No Data