香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並表明概不就因本公告全部或任何 部份內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 China ITS (Holdings) Co., Ltd. 中 国 智 能 交 通 系 统（控 股）有 限 公 司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1900） 正面盈利預告 本公告由中国智能交通系统（ 控股 ）有限公司（「本公司」，連同其附屬公司統稱「本 集團」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條及香港 法例第571章證券及期貨條例第XIVA部項下內幕消息條文（ 定義見上市規則 ）而刊 發。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及有意投資者， 根據本集團截至二零二五年六月三十日止六個月（「中期期間」）之未經審核綜合管 理賬目及本公司目前所得資料作出之初步評估，本公司預期本集團將於中期期間 錄得歸屬於母公司擁有人應佔溢利約為人民幣36 ...

格隆汇8月18日丨中国智能交通(01900.HK)公告，公司将于2025年8月29日(星期五)举行董事会会议，藉 以(其中包括)(i)考虑及酌情批准以及刊发公司及其附属公司截至2025年6月30日止6个月未经审核综合中 期业绩；及(ii)考虑派付中期股息(如有)。 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並表明概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 China ITS (Holdings) Co., Ltd. 中 国 智 能 交 通 系 统（控 股）有 限 公 司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1900） 董事會會議通告 中国智能交通系统（ 控股 ）有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公 司將於二零二五年八月二十九日（ 星期五 ）舉行董事會會議，藉以（ 其中包括 ）(i)考 慮及酌情批准以及刊發本公司及其附屬公司截至二零二五年六月三十日止六個月 之未經審核綜合中期業績；及(ii)考慮派付中期股息（ 如有 ）。 承董事會命 中国智能交通系统（控股）有限公司 主席 廖杰 北京，二零二五年八月十八日 於本公告日期，執行董事為廖杰先生及姜海林先生；而獨立非執行董事為周建民 先生、黃建玲女士及來宏毅先生。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中国智能交通系统（控股）有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01900 | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.0002 | HKD | | 1,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.0002 | HKD | | 1,000,000 ...

Financial Performance - The group's revenue for the fiscal year 2024 was RMB 819.8 million, a decrease of 4.4% from RMB 857.4 million in the previous year[10]. - The gross profit for the fiscal year 2024 was RMB 305.3 million, down 8.0% from RMB 331.7 million in the previous year, with a gross margin of 37.2% compared to 38.7% in the previous year[10]. - The profit attributable to the owners of the parent company for the fiscal year 2024 was RMB 22.1 million, significantly lower than RMB 137.2 million in the previous year[10]. - The group reported a net profit of RMB 47,000,000 for the year, a decrease of RMB 139,800,000 compared to the previous year's profit of RMB 186,800,000[54]. - The fair value change loss of equity investments amounted to RMB 34,700,000, compared to a gain of RMB 80,400,000 in the previous year, resulting in a profit decrease of RMB 115,100,000[54]. - Other income and gains for the year amounted to RMB 35,700,000, a decrease of RMB 1,500,000 compared to the previous year[42]. Contracts and Revenue Streams - The total new contracts signed by the group for the fiscal year 2024 amounted to RMB 960.7 million, which is essentially flat compared to RMB 952.4 million in the previous year[10]. - The amount of uncompleted contracts as of December 31, 2024, was RMB 859.7 million, representing an increase of 27.3% from RMB 675.1 million at the end of the previous year[10]. - The company signed new contracts worth RMB 597,500,000 in the railway segment, a decrease of RMB 29,700,000 year-on-year[30]. - The company successfully signed contracts for several overseas railway projects, totaling RMB 334 million, accounting for 56% of the new railway contracts[18]. - The railway segment reported revenue of RMB 483,533,000, down 14.7% from RMB 566,683,000 in the previous year, primarily due to project delivery delays[30]. - The energy segment's revenue increased by 15.7% to RMB 336,254,000, driven by significant growth in the AHLONE power plant project and energy management services[31]. Assets and Liabilities - Total assets as of December 31, 2024, were RMB 2,838.3 million, down from RMB 3,097.9 million in the previous year[13]. - Net assets as of December 31, 2024, were RMB 2,001.1 million, a slight decrease from RMB 2,064.8 million in the previous year[13]. - The net cash position as of December 31, 2024, was RMB 161.4 million, down from RMB 248.6 million in the previous year[13]. - The group’s cash net amount as of December 31, 2024, was RMB 161,400,000, a decrease of RMB 87,200,000 from the previous year[60]. - The group has pledged assets including approximately RMB 77,600,000 in cash deposits and properties valued at approximately RMB 72,800,000 to secure bank financing[66]. Corporate Governance - The company has adopted and complied with the corporate governance code as per the listing rules throughout the reporting period[147]. - The board consists of five members, including two executive directors and three independent non-executive directors[157]. - The independent non-executive directors confirmed their independence and lack of financial interest in the company[167]. - The company ensured adequate resources for the Audit Committee to effectively fulfill its responsibilities, including professional advice when necessary[169]. - The board reviewed the company's corporate governance policies and compliance with legal regulations and standards[179]. Employee and Management Information - The company employed 350 full-time employees and 1 part-time employee as of December 31, 2024[104]. - The total compensation range for senior management is between HKD 1,000,001 (approximately RMB 912,700) and HKD 1,500,000 (approximately RMB 1,369,050) for 2 individuals[101]. - The company has established a retirement benefits plan for employees in China, who contribute a percentage of their salary[105]. - The company has adopted a pre-IPO share incentive plan and stock option plan to motivate directors and eligible employees[104]. Risks and Challenges - The group faces risks related to public spending on transportation infrastructure, which is influenced by the Chinese government's budget changes[72]. - The group is exposed to project delay risks and cost overruns due to fixed-price contracts requiring timely project completion[73]. Shareholder Information - The group did not recommend a final dividend for the year ending December 31, 2024, compared to a dividend of HKD 0.0227 per share in the previous year[70]. - The company emphasizes the importance of communication with shareholders, providing detailed voting procedures during the annual general meeting[193]. - The annual general meeting for 2024 will be announced at least 21 full days prior to the meeting date[194].

Financial Performance - The realized revenue for the year was RMB 819.8 million, a decrease of 4.4% from RMB 857.4 million in the previous year[3]. - The profit attributable to equity holders of the parent company was RMB 22.1 million, significantly lower than RMB 137.2 million in the previous year[3]. - The group’s total comprehensive income for the year was RMB 186.8 million, compared to RMB 46.98 million in the previous year[5]. - The basic earnings per share attributable to equity holders of the parent company was RMB 0.01, down from RMB 0.08 in the previous year[5]. - The company reported a pre-tax profit of RMB 70,628 thousand, indicating a positive performance despite financial challenges[25]. - The company reported a net profit of RMB 47,000,000 for the year, a decrease of RMB 139,800,000 compared to the previous year's profit of RMB 186,800,000[90]. Revenue Breakdown - The total revenue for the railway business reached RMB 483,533 thousand, while the energy business generated RMB 336,254 thousand, resulting in a combined total of RMB 819,787 thousand[25]. - The railway segment reported revenue of RMB 483.5 million, a decrease of 14.7% compared to the previous year, primarily due to delays in project deliveries[70]. - The energy segment achieved revenue of RMB 336.3 million, an increase of 15.7% year-over-year, driven by significant growth from the AHLONE power plant project[71]. - Revenue from product sales was RMB 536,570,000 in 2023, compared to RMB 451,491,000 in 2024, indicating a growth of approximately 18.9%[30]. - The company recognized total customer contract revenue of RMB 857,395,000 in 2023[29]. Contract and Asset Management - The total new contracts signed by the group amounted to RMB 960.7 million, remaining relatively stable compared to RMB 952.4 million in the previous year[3]. - The group recorded an uncompleted contract amount of RMB 859.7 million, an increase of 27.3% from RMB 675.1 million at the end of the previous year[3]. - The contract assets increased to RMB 292,826,000 in 2024 from RMB 172,584,000 in 2023, reflecting a significant growth[51]. - The expected conversion of contract assets to trade receivables is projected to be RMB 260,501,000 within one year and RMB 141,907,000 beyond one year[52]. Expenses and Liabilities - The total liabilities of the group increased, reflecting ongoing investments and operational costs[4]. - The total operating expenses for the year were RMB 10,073,000, with capital expenditures including property and equipment[26]. - The company incurred income tax expenses of RMB 23,653,000 for the year, compared to RMB 15,774,000 in the previous year, representing an increase of approximately 49.5%[36]. - Selling, distribution, and administrative expenses were approximately RMB 118,900,000, a decrease of RMB 11,000,000, due to enhanced cost control measures[82]. Cash Flow and Financial Position - The company's cash and cash equivalents decreased from 483,768 thousand RMB to 329,888 thousand RMB, a decline of approximately 31.9%[6]. - The group's cash balance decreased to RMB 161,400,000 from RMB 248,600,000 at the end of the previous year[95]. - As of December 31, 2024, the group has cash and cash equivalents amounting to approximately RMB 77.6 million, an increase from RMB 39.8 million as of December 31, 2023[100]. - The current ratio improved to 2.1 from 1.9 in the previous year, indicating a stable financial condition[95]. Investments and Strategic Initiatives - The company plans to focus on expanding its market presence and enhancing its technological capabilities in the upcoming fiscal year[3]. - The company is actively expanding its overseas railway market investments, particularly in key projects like the Hungary-Serbia railway[64]. - The company is focusing on developing new energy businesses, including photovoltaic power generation and energy management services[67]. - The company aims to leverage its self-developed integrated energy management platform to improve energy efficiency across its projects[69]. Impairment and Credit Risk - The impairment loss on trade receivables increased to RMB 129,494,000 from RMB 94,672,000 year-over-year[43]. - The expected credit loss for the current year was RMB 129,494,000, reflecting a significant increase from the previous year's RMB 94,672,000[45]. - The company anticipates continued challenges in managing credit risk due to economic conditions[44]. Corporate Governance and Compliance - The financial statements are prepared in accordance with International Financial Reporting Standards and are presented in Renminbi (RMB) rounded to the nearest thousand[10]. - The consolidated financial statements for the year have been agreed upon by the external auditor, confirming consistency with the draft financial statements[119]. - The company expresses gratitude to the board, management, employees, shareholders, and business partners for their support[121].

Financial Performance - Revenue for the first half of 2024 was RMB 285.1 million, down 17.6% from RMB 346.1 million in the previous year[5]. - The company reported a loss attributable to equity holders of RMB 38.4 million, compared to a profit of RMB 55.1 million in the same period last year[7]. - Gross profit for the first half of 2024 was RMB 118.7 million, a decrease of 13.2% from RMB 136.7 million in the same period last year, with a gross margin of 41.6%, up from 39.5%[5]. - The company reported a total comprehensive loss for the period of RMB 25,480,000, a significant decline from a comprehensive income of RMB 94,885,000 in the previous year[82]. - The net loss for the first half of the year was RMB 27,900,000, a decrease of RMB 105,600,000 compared to a net profit of RMB 77,700,000 in the same period last year[41]. - The company incurred a loss before tax of RMB 24,037,000, compared to a profit of RMB 83,794,000 in the prior year[80]. - The company reported a basic loss attributable to owners of RMB 38,393,000 for the six months ended June 30, 2024, compared to a profit of RMB 55,106,000 for the same period in 2023[114]. Revenue Breakdown - The railway segment reported revenue of RMB 143.8 million, a decrease of RMB 67 million or 31.8% compared to the same period last year, primarily due to delays in overseas high-speed rail projects[19]. - The energy segment achieved revenue of RMB 141.3 million, an increase of RMB 6 million or 4.4% year-over-year, contributing positively to the overall performance[19]. - The railway business generated revenue of RMB 143,771 thousand, while the energy business contributed RMB 141,318 thousand, indicating a decline in both segments compared to the previous year[105]. Contracts and Projects - The company signed new contracts worth RMB 460.6 million in the first half of 2024, a 29.0% increase compared to RMB 357.1 million in the same period last year[5]. - As of June 30, 2024, the company recorded an uncompleted contract amount of RMB 870.2 million, an increase of 28.9% from RMB 675.1 million at the end of 2023[5]. - In the railway business, the company successfully signed a key project in Hungary and Serbia with a contract value of RMB 120 million, and a high-speed rail project in Malaysia worth RMB 204 million, accounting for 68.2% of new contracts signed during the period[10]. - The company has successfully signed contracts for multiple overseas high-speed rail projects, including the Hungary section of the Hungary-Serbia railway, which is expected to boost future revenue[14]. Market Expansion and Strategy - The company is actively expanding its overseas market in line with the national "Belt and Road" initiative[10]. - The company plans to continue its investment in overseas railway markets, leveraging the Belt and Road Initiative to expand its international presence[14]. - The company is actively expanding its renewable energy business, including solar power and energy management contracts, with new projects signed in various regions[17]. Financial Position and Assets - As of June 30, 2024, total non-current assets amounted to RMB 1,073,536,000, down from RMB 1,138,654,000 at the end of 2023[83]. - Current assets totaled RMB 1,896,314,000, a decrease from RMB 1,959,197,000 at the end of the previous year[83]. - The group’s current ratio was 2.0 as of June 30, 2024, compared to 1.9 at the end of the previous year, indicating a stable financial condition[46]. - The group’s cash and cash equivalents decreased to RMB 227,800,000 from RMB 248,600,000 at the end of the previous year[46]. - The company’s total liabilities decreased significantly, with interest-bearing bank borrowings amounting to RMB 285,066 thousand in the first half of 2024, compared to RMB 127,920 thousand in the same period of 2023[98]. Shareholder Information - As of June 30, 2024, the company has issued a total of 1,720,185,862 ordinary shares[56]. - Major shareholders include Holdco and Best Partners, each holding 645,912,777 shares, representing 37.55% of the issued share capital[56]. - The board does not recommend the payment of an interim dividend for the period, compared to no dividend in the same period last year[52]. Impairments and Losses - The company’s trade receivables impairment was RMB 9,205 thousand for the six months ended June 30, 2024, compared to RMB 42,683 thousand in the same period of 2023[97]. - The impairment of financial and contract assets amounted to RMB 9,119 thousand, which includes a loss of RMB 9,135 thousand from joint ventures[106]. - The gross profit margin for the energy segment was 59.0%, down 7.8 percentage points from the previous year, indicating challenges in maintaining profitability[26]. Investments and Acquisitions - The company has committed RMB 20 million to subscribe to a private equity fund focused on various financial products in the Chinese securities market[70]. - The company has agreed to acquire 7,050,000 shares of Hengtuo Kaiyuan Information Technology Co., Ltd., representing 5.02% of its issued shares, for a price of RMB 56.259 million, which will increase the company's ownership to 27.21%[152]. - Following the acquisition, the company will control six out of seven board member nominations at Hengtuo Kaiyuan, which will become a non-wholly owned subsidiary[152]. Cash Flow and Expenses - Operating cash flow before tax loss was RMB (24,037) thousand for the six months ended June 30, 2024, compared to RMB 83,794 thousand in the same period of 2023, indicating a significant decline[97]. - Net cash flow from operating activities was RMB (36,916) thousand for the six months ended June 30, 2024, down from RMB 139,985 thousand in the same period of 2023[97]. - The company reported a significant increase in depreciation and amortization expenses, rising to RMB 30,496 thousand in 2024 from RMB 27,516 thousand in 2023[97]. Employee and Management Compensation - The total remuneration paid to key management personnel for the six months ended June 30, 2024, was RMB 2,135,000, a decrease of 13.9% from RMB 2,481,000 in the same period of 2023[143].

Financial Performance - The actual revenue for the period was RMB 285.1 million, a decrease of 17.6% from RMB 346.1 million in the same period last year[1]. - The loss attributable to the owners of the parent company was RMB 38.4 million, compared to a profit of RMB 55.1 million in the same period last year[1]. - The group reported a net loss of RMB 27.9 million for the period, compared to a profit of RMB 77.7 million in the same period last year[3]. - The group’s total revenue for the first half of the year was RMB 285.1 million, down from RMB 346.1 million in the same period last year, reflecting a decline of approximately 17.6%[44]. - The group reported a significant impairment loss of RMB (9,119,000) related to financial and contract assets for the six months ending June 30, 2024, compared to RMB (13,866,000) in the same period of 2023[15]. - The group reported a net loss of RMB 27,900,000 for the first half of the year, a decrease of RMB 105,600,000 compared to a net profit of RMB 77,700,000 in the same period last year[62]. Revenue and Contracts - The new contract amount signed by the group in the first half of 2024 was RMB 460.6 million, an increase of 29.0% compared to RMB 357.1 million in the same period last year[1]. - As of June 30, 2024, the group recorded an uncompleted contract amount of RMB 870.2 million, up 28.9% from RMB 675.1 million as of December 31, 2023[1]. - The group successfully signed contracts for the Hungary-Serbia railway project worth RMB 120 million and the Malaysia East Coast Rail Link project worth RMB 204 million, representing 68.2% of new contracts signed in the period[36]. - The group’s new contracts in the railway business totaled RMB 299 million, an increase of 30.1% year-on-year[36]. Segment Performance - The segment performance for the railway business was RMB 10,599,000, while the energy business reported RMB 25,433,000, totaling RMB 36,032,000 for the six months ending June 30, 2024, compared to RMB 101,182,000 in 2023, indicating a significant drop in profitability[15]. - The railway segment reported revenue of RMB 143.8 million, a decrease of RMB 67 million or 31.8% compared to the same period last year, primarily due to significant overseas high-speed rail projects being in the delivery preparation stage[45]. - The energy segment achieved revenue of RMB 141.3 million, an increase of RMB 6 million or 4.4% year-on-year[45]. Gross Profit and Margins - The group achieved a gross profit of RMB 118.7 million, down 13.2% from RMB 136.7 million in the same period last year, with a gross profit margin of 41.6%, an increase of 2.1 percentage points from 39.5% last year[1]. - The gross profit for the first half of the year was RMB 118.7 million, a decrease of RMB 18 million compared to the previous year, while the gross profit margin improved to 41.6% from 39.5%[48]. - The railway segment reported a gross profit of RMB 35,400,000, a decrease of RMB 10,800,000 compared to the same period last year, with a gross margin of 24.6%, an increase of 2.7 percentage points year-on-year[50]. - The energy segment confirmed a gross profit of RMB 83,300,000, down RMB 7,100,000 from the previous year, with a gross margin of 59.0%, a decrease of 7.8 percentage points year-on-year[51]. Assets and Liabilities - Total current assets as of June 30, 2024, amounted to RMB 1,896.3 million, a decrease from RMB 1,959.2 million as of December 31, 2023[5]. - Non-current assets totaled RMB 1,073.5 million as of June 30, 2024, compared to RMB 1,138.7 million as of December 31, 2023[4]. - Total current liabilities amounted to RMB 964,295,000 as of June 30, 2024, compared to RMB 1,028,591,000 in the previous period, reflecting a decrease of approximately 6.3%[6]. - Total equity attributable to the company was RMB 2,005,555,000, a decrease from RMB 2,064,759,000, representing a reduction of approximately 2.9%[7]. Cash Flow and Financial Position - The company reported cash and cash equivalents of RMB 452,011,000 as of June 30, 2024, down from RMB 483,768,000 as of December 31, 2023[30]. - The current ratio improved to 2.0 from 1.9 at the end of the previous year, indicating a stable financial position[67]. - As of June 30, 2024, the group's cash net amount was RMB 227,800,000, a decrease of RMB 20,800,000 from the end of the previous year[67]. Corporate Governance and Compliance - The company emphasizes strong corporate governance practices to enhance accountability and transparency to shareholders[79]. - The board of directors confirms adherence to the standards for securities trading as per the listing rules throughout the reporting period[80]. - The audit committee, established in June 2010, reviews financial reporting procedures and internal control systems[81]. Employee and Shareholder Information - The company has a total of 325 full-time employees as of June 30, 2024[77]. - The company incurred a total of RMB 21,831,000 in wages and salaries for the six months ended June 30, 2024, compared to RMB 18,448,000 in the same period of 2023, reflecting an increase of approximately 18.5%[18]. - The company proposed a final dividend of HKD 0.0227 per ordinary share (RMB 0.0206), amounting to a total of RMB 35,526,000, subject to shareholder approval[27].

Financial Performance - The new contract amount signed by the group for the year was RMB 952.4 million, an increase of 52.9% compared to RMB 623.1 million in the previous year[9]. - The revenue achieved was RMB 857.4 million, up 20.0% from RMB 714.4 million in the previous year[9]. - The group recorded an uncompleted contract amount of RMB 675.1 million, which is a 13.5% increase from RMB 595.0 million at the end of the previous year[9]. - Gross profit for the year was RMB 331.7 million, representing a 27.9% increase from RMB 259.3 million in the previous year, with a gross margin of 38.7% compared to 36.3% previously[9]. - Profit attributable to owners of the parent was RMB 137.2 million, significantly up from RMB 48.5 million in the previous year[9]. - The net profit for the year was RMB 186,800,000, a significant increase from RMB 93,800,000 in the previous year, driven by a revenue increase of RMB 143,000,000 and a gross profit increase of RMB 72,400,000[58]. Assets and Liabilities - Total assets as of December 31, 2023, were RMB 3,097.9 million, an increase from RMB 2,841.2 million in the previous year[12]. - Net assets increased to RMB 2,064.8 million from RMB 1,895.5 million in the previous year[12]. - The current ratio remained stable at 1.9, consistent with the previous year[14]. - Cash and cash equivalents increased to RMB 248,600,000, up by RMB 71,300,000 from the previous year[65]. Revenue Segmentation - The railway segment generated revenue of RMB 566.7 million, a 41.8% increase year-on-year[29]. - The energy segment reported revenue of RMB 290.7 million, a decrease of 7.7% compared to the previous year[30]. - Revenue from the Products and Professional Solutions segment was RMB 536,600,000, up 44.1% from RMB 372,361,000 in the previous year, driven by increased railway investments post-COVID-19[34]. - The Value-Added Operations and Services segment reported revenue of RMB 320,800,000, a decrease of 6.2% from RMB 342,063,000, primarily due to lower service revenue from the Hlawga power plant[35]. Operational Strategy - The company plans to continue expanding its market presence and invest in new technologies to enhance operational efficiency[9]. - The company plans to leverage the expected increase in national railway investment, projected to exceed RMB 800 billion in 2024[22]. - The company is actively expanding its overseas railway business, having secured multiple high-speed rail projects[23]. - The company is focusing on developing new energy businesses, including photovoltaic power generation and energy management contracts[25]. Corporate Governance - The company has adopted the corporate governance code as per the Stock Exchange Listing Rules and has complied with it throughout the year ending December 31, 2023[148]. - The audit committee reviewed the annual report for the year ending December 31, 2023, ensuring transparency and accountability[150]. - The independent non-executive directors confirmed their independence and compliance with the relevant listing rules throughout the reporting period[161]. - The board consists of five members, including two executive directors and three independent non-executive directors, ensuring a balanced governance structure[157]. - The company emphasizes the importance of corporate governance to enhance accountability and transparency to shareholders[153]. Employee and Director Matters - The company has a retirement benefits plan for employees in China, who contribute a percentage of their salary to the national retirement benefits plan[111]. - The company has established appropriate liability insurance for directors and senior officers against legal claims[104]. - The company ensures that all directors participate in professional development to enhance their knowledge and skills[182]. - The company has adopted a pre-IPO share incentive plan and stock option plan to motivate directors and eligible employees[109]. Risk Management - The company faces risks related to public spending on transportation infrastructure, which is dependent on the Chinese government's budget[78]. - The company is exposed to project cost overruns due to fixed-price contracts requiring completion within set timeframes[79]. - The internal audit department conducted checks on significant control areas, including financial, operational, and compliance controls, to mitigate overall business and operational risks[189]. Shareholder Communication - The company emphasizes the importance of communication with shareholders, providing detailed voting procedures during the annual general meeting[196]. - The annual general meeting notice will be sent to shareholders at least 21 full days prior to the meeting date[197]. - Shareholders holding at least 10% of the paid-up capital can request a special general meeting within two months of submission[194]. Social Responsibility and Diversity - The company is committed to enhancing ESG responsibilities, focusing on product quality, customer relationships, and intellectual property protection[199]. - The company aims to increase gender diversity among board members and has set specific targets for female representation[191]. - The group has 62 female employees, representing approximately 21.91% of the total workforce, while male employees account for 78.09%[192].

Financial Performance - The total new contract amount signed by China ITS (Holdings) Co., Ltd. for the fiscal year ended December 31, 2023, was RMB 952.4 million, an increase of 52.9% compared to RMB 623.1 million in the previous year[2]. - The realized revenue for the fiscal year was RMB 857.4 million, reflecting a growth of 20.0% from RMB 714.4 million in the prior year[2]. - The group recorded a gross profit of RMB 331.7 million, up 27.9% from RMB 259.3 million in the previous year, with a gross profit margin of 38.7%, an increase of 2.4 percentage points from 36.3%[2]. - The profit attributable to equity holders of the parent company was RMB 137.2 million, significantly higher than RMB 48.5 million in the previous year[2]. - The total comprehensive income for the year was RMB 190.4 million, compared to RMB 34.7 million in the previous year[4]. - The company reported other income and gains of RMB 117.5 million, an increase from RMB 66.1 million in the previous year[3]. - Total revenue for the year ended December 31, 2023, reached RMB 857,395,000, with external sales to customers amounting to RMB 566,683,000 in the railway business and RMB 290,712,000 in the energy business[27]. - The company reported a pre-tax profit of RMB 202,591,000, reflecting a strong performance in both segments[27]. - The company reported a net profit of RMB 102,456,000 before tax, indicating a solid operational performance[29]. - The company reported a net profit attributable to shareholders of RMB 137,197,000 for the year, compared to RMB 48,490,000 in the previous year, representing a significant increase[42]. - Basic earnings per share increased to RMB 0.0812 from RMB 0.0291 year-over-year, reflecting a growth of approximately 178%[42]. - The company reported a net profit of RMB 186,800,000 for the year, a significant increase from RMB 93,800,000 in the previous year, representing a growth of 99%[105]. Assets and Liabilities - The total uncompleted contract amount as of December 31, 2023, was RMB 675.1 million, representing a 13.5% increase from RMB 595.0 million at the end of the previous year[2]. - Total assets decreased from RMB 2,069,260,000 to RMB 1,897,376,000, reflecting a decline of approximately 8.3% year-over-year[7]. - Non-current assets increased from RMB 1,138,654,000 to RMB 1,032,052,000, indicating a decrease of about 9.4%[6]. - Current assets rose significantly from RMB 1,959,197,000 to RMB 1,809,138,000, showing a growth of approximately 8.3%[6]. - Total liabilities decreased from RMB 943,814,000 to RMB 1,028,591,000, representing a decline of around 8.2%[7]. - The company's net asset value increased from RMB 2,064,759,000 to RMB 1,895,533,000, marking a growth of about 8.9%[7]. - The company's cash and cash equivalents rose from RMB 483,768,000 to RMB 295,622,000, reflecting a decrease of approximately 38.9%[6]. - The total equity attributable to shareholders increased from RMB 1,927,888,000 to RMB 1,779,460,000, indicating a growth of about 8.3%[7]. - The company's total current liabilities increased from RMB 434,725,000 to RMB 308,548,000, representing a growth of around 40.8%[6]. - The company's total non-current liabilities decreased from RMB 4,501,000 to RMB 1,843,000, indicating a decline of approximately 59.0%[7]. Business Segments - The company primarily operates in the railway and power sectors, providing infrastructure technology-related products, professional solutions, and services[10]. - The railway business includes sales of railway communication products and energy-based products, as well as maintenance services and technical consulting for railway customers[12][23]. - The energy business focuses on providing products and professional solutions related to electrical equipment, including transmission and transformation equipment, power generation equipment, and energy-saving services[12][24]. - The railway segment reported revenue of RMB 566.7 million, an increase of 41.8% compared to the previous year, driven by a recovery in domestic production and investment in fixed assets[80]. - The energy segment generated revenue of RMB 290.7 million, showing stability despite a slight decrease from the previous year's RMB 314.8 million[80]. - The products and professional solutions segment achieved revenue of RMB 536,600,000, an increase of RMB 164,200,000 or 44.1% year-over-year, driven by the recovery of the domestic railway market[83]. - The value-added operations and services segment confirmed revenue of RMB 320,800,000, a decrease of RMB 21,300,000 or 6.2% from the previous year, mainly due to reduced recovery service revenue from the Hlawga power plant[85]. Market Expansion and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance its service offerings[2]. - The financial results indicate a strong growth trajectory, positioning the company favorably for future opportunities in the smart transportation sector[2]. - The group is actively expanding its new energy business, including photovoltaic power generation and energy management contracts, laying a solid foundation for future growth[78]. - The total investment in national railway construction is expected to exceed RMB 800 billion in 2024, marking the highest level in four years, which presents significant opportunities for the group[74]. - The group is negotiating a contract renewal with the Myanmar Ministry of Electricity for the Ahlone 151,000 kW power plant, which has been operational since January 2021[76]. - The group has successfully entered multiple overseas high-speed rail projects, including the Malaysia East Coast Rail Link, and plans to increase investment in international railway markets[75]. - The group anticipates the rollout of 5G-R technology in railway communication systems by 2024, which will enhance operational efficiency and safety[74]. Shareholder Information - The company proposed a final dividend of HKD 0.0227 per ordinary share, equivalent to RMB 0.0206, subject to approval at the upcoming annual general meeting[41]. - The average number of ordinary shares issued during the year was 1,686,924,102, slightly up from 1,665,090,974 shares in the previous year[42]. - The board proposed a final dividend of HKD 0.0227 per share, subject to shareholder approval at the annual general meeting on May 27, 2024[124]. Impairment and Credit Risk - The company experienced a net impairment loss on financial and contractual assets amounting to RMB (44,708,000)[27]. - The impairment loss provision for trade receivables increased to RMB 94,672 thousand as of December 31, 2023, compared to RMB 73,968 thousand at the end of the previous year, reflecting a rise of 28%[47]. - The expected credit loss rate for trade receivables, excluding a specific entity, was reported at 53.23% for the current year, indicating a significant credit risk[50]. - The company utilized a provisioning matrix for impairment analysis, which reflects the probability-weighted results and current economic conditions[51]. - The total credit risk data for other entities indicates a non-performing loan ratio of 1.23% for loans overdue less than one year, with an amount of RMB 210,746,000[57]. Corporate Governance and Compliance - The consolidated financial statements are prepared in accordance with International Financial Reporting Standards and presented in Renminbi (RMB), rounded to the nearest thousand RMB[11][12]. - The report emphasizes the importance of disclosing significant accounting policy information as per the revised standards[13]. - The audit committee has reviewed the financial reporting procedures and internal control systems for the year[129]. - The external auditor, Zhongshen Zhonghuan, has agreed that the financial figures in the consolidated financial statements are consistent with the draft financial statements for the year[133].