Financial Performance - Revenue for the period reached RMB 346.1 million, up 42.1% from RMB 243.6 million in the previous year[8] - The company recorded a gross profit of RMB 136.7 million, an increase of 17.9% from RMB 115.9 million year-on-year, with a gross margin of 39.5%, down from 47.6%[8] - Profit attributable to the owners of the parent was RMB 55.1 million, compared to a loss of RMB 6 million in the same period last year[8] - The total revenue for the group in the first half of 2023 was RMB 346.1 million, an increase of RMB 102.5 million or 42.1% from RMB 243.6 million in the same period of 2022[21] - The profit attributable to owners of the parent for the first half was RMB 55,100,000, a significant turnaround from a loss of RMB 6,000,000 in the same period last year, driven by increased revenue and gross profit[47] - Net profit for the period was RMB 77,746,000, a substantial increase from RMB 21,468,000, reflecting a year-over-year growth of 262.5%[121] - Basic earnings per share rose to RMB 0.03, compared to a loss of RMB 0.00 in the previous year[119] - The company reported a profit of RMB 55,106,000 for the six months ended June 30, 2023, compared to a loss of RMB 5,959,000 in the same period of 2022, indicating a significant turnaround in performance[132] Contract and Revenue Growth - The company signed new contracts amounting to RMB 357.1 million, a 65.5% increase compared to RMB 215.8 million in the same period last year[8] - The railway business saw a 125.8% increase in new contracts signed compared to the same period last year, with revenue growth of 62.3%[11] - In the first half of 2023, the railway segment achieved revenue of RMB 210.8 million, an increase of RMB 80.9 million or 62.3% compared to the same period last year[22] - The power segment reported revenue of RMB 135.3 million, up RMB 21.5 million or 18.9% year-on-year, primarily due to the Hlawga power plant project achieving combined cycle generation[23] - The group signed new contracts worth RMB 229.9 million in the railway segment, an increase of RMB 128.1 million compared to the previous year[22] Cost and Profitability Analysis - The gross profit for the first half of 2023 was RMB 136.7 million, a 17.9% increase from RMB 115.9 million in the same period last year, with a gross margin of 39.5%[28] - The railway segment's gross profit was RMB 46.2 million, up RMB 19 million, with a gross margin of 21.9%, an increase of 0.9 percentage points year-on-year[30] - The power segment's gross profit was RMB 90.4 million, an increase of RMB 1.7 million, but the gross margin decreased to 66.8%, down 11.2 percentage points from the previous year[30] - The company incurred a total of RMB 33,726,000 in cash outflows from investing activities during the first half of 2023, compared to RMB 81,519,000 in the same period of 2022, indicating a reduction in investment expenditures[137] Financial Position and Liquidity - As of June 30, 2023, the company's cash net amount was RMB 178,700,000, an increase of RMB 1,400,000 from the end of the previous year[53] - The current ratio as of June 30, 2023, was 2.1, up from 1.9 at the end of the previous year, indicating a solid financial position[53] - Current liabilities decreased to RMB 872,475,000 from RMB 943,814,000, indicating improved liquidity management[127] - The company’s cash and cash equivalents at the end of June 2023 stood at RMB 323,855,000, a decrease from RMB 340,180,000 at the end of June 2022[137] Investment and Strategic Initiatives - The company acquired a 55% stake in Beijing Jiujian Technology Co., Ltd. in July 2023 to expand its renewable energy business and enhance its core competitiveness[18] - The group plans to continue investing in railway communication systems and is expected to benefit from the upcoming LTE-R network construction starting in 2024[15] - The company is focused on expanding its market share in the railway communication segment and enhancing its service offerings[11] - The company continues to focus on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[111] Shareholder and Governance Matters - The board does not recommend the payment of an interim dividend for the current period, consistent with the previous year[65] - The company emphasizes good corporate governance practices, adhering to the corporate governance code as per the Hong Kong Stock Exchange[106] - The company has adopted a share incentive plan prior to its initial public offering, aimed at recognizing and rewarding eligible participants contributing to business growth[77] Risk Management and Financial Instruments - The company did not use any derivative financial instruments to hedge risks during the first half of the year, maintaining a prudent financial policy[54] - The group has not entered into any agreements or purchased instruments to hedge against foreign exchange risks during the review period[55] - The company continues to monitor foreign exchange risks and will consider prudent measures when appropriate[55]

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） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 期 間 中 期 業 績 公 告 二零二三年中期業績概要 中國智能交通系統（控股）有限公司（「本公司」）及其子公司（統稱「本集團」） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 期 間（「本 期 間」或「上 半 年」）的 業 績概要如下： • 本集團已簽訂新合約金額為人民幣357,100,000元(1)，而去年同期已簽 訂新合約金額為人民幣215,800,000元，比去年同期增加65.5%。 • 實 現 收 益 為 人 民 幣346,100,000元， 而 去 年 同 期 收 益 為 人 民 幣 243,600,000元，比去年同期增加42.1%。 ...

Financial Performance - The total new contracts signed by the group amounted to RMB 623.1 million, a decrease of 18.0% compared to RMB 760 million in the previous year[9]. - The group's revenue for the year was RMB 714.4 million, down 3.5% from RMB 740.3 million in the previous year[9]. - The group recorded an uncompleted contract amount of RMB 595 million, a decrease of 18.4% from RMB 729.1 million at the end of the previous year[9]. - The gross profit for the group was RMB 259.3 million, down 3.0% from RMB 267.3 million in the previous year, with a gross profit margin of 36.3%, slightly up from 36.1%[9]. - Profit attributable to owners of the parent was RMB 48.5 million, a decrease of 34.9% from RMB 74.5 million in the previous year[9]. - Revenue from the railway segment was RMB 399.6 million, a decrease of 27.5% year-on-year[23]. - Revenue from the power segment increased to RMB 314.8 million, a rise of 66.6% compared to the previous year[24]. - The company’s product and professional solutions revenue was RMB 372.4 million, down 22.7% year-on-year[28]. - The value-added operations and services revenue increased to RMB 342.1 million, an increase of 32.2% year-on-year[29]. - Revenue from power plant projects confirmed at RMB 214 million, an increase of RMB 25 million or 13.2% compared to the previous year[30]. Assets and Liabilities - Total assets as of December 31, 2022, were RMB 2,841.2 million, down from RMB 3,055.6 million in the previous year[12]. - Net assets increased to RMB 1,895.5 million from RMB 1,854.4 million in the previous year[12]. - The group achieved a net cash position of RMB 177.3 million, a significant improvement from a net cash position of RMB 33.4 million in the previous year[12]. - The leverage ratio decreased to -10.7% from -3.3%, a decline of 7.4 percentage points year-on-year[56]. - The group had no significant contingent liabilities as of December 31, 2022[61]. Operational Efficiency - Selling, distribution, and administrative expenses were approximately RMB 131.3 million, a decrease of RMB 16.8 million due to cost control measures related to COVID-19[41]. - Net impairment losses on financial and contract assets were approximately RMB 5.8 million, a decrease of RMB 8.4 million from the previous year[44]. - Financial costs decreased to approximately RMB 11.9 million, down RMB 6.1 million due to reduced interest expenses from lower bank loans[47]. - Income tax expense for the year was RMB 8.7 million, a significant decrease from RMB 35.8 million in the previous year[48]. - Inventory turnover days increased to 296 days from 211 days year-on-year due to a significant decrease in railway segment revenue[52]. - Trade receivables turnover days decreased to 325 days from 344 days year-on-year as trade receivables decreased[53]. - Current ratio improved to 1.9 from 1.8 year-on-year, indicating a stable financial condition[56]. - Cash and cash equivalents increased to RMB 177,300,000 from RMB 33,400,000 year-on-year, a rise of RMB 143,900,000[56]. Strategic Initiatives - The group plans to focus on expanding its market presence and enhancing its technological capabilities in the upcoming fiscal year[8]. - The company is actively pursuing new product development and strategic partnerships to drive future growth[8]. - The company is actively exploring new products and markets, maintaining a high market share in the railway communication segment despite challenges[17]. Corporate Governance - The company has complied with all relevant laws and regulations in mainland China and Myanmar as of the report date[79]. - The company has established a voting agreement among major shareholders to facilitate management and operations[132]. - The company has adopted the corporate governance code as per the listing rules and has complied with it throughout the year ending December 31, 2022[156]. - The board of directors consists of five members, including two executive directors and three independent non-executive directors[160]. - The company has established three committees: audit committee, remuneration committee, and nomination committee to support the board's effectiveness[159]. - The company maintained a whistleblowing mechanism for employees to report concerns regarding financial reporting and internal controls[180]. Shareholder Information - Major shareholders include Holdco, which holds 645,912,777 shares, representing 38.54% of the issued share capital[132]. - The company did not purchase, sell, or redeem any of its listed securities during the year ended December 31, 2022[135]. - The total sales to the top five customers accounted for approximately 54.5% of the company's total revenue, with the largest customer contributing about 42.8%[139]. - The total purchases from the top five suppliers represented approximately 33.1% of the company's total procurement, with the largest supplier accounting for about 12.5%[139]. Employee and Management Information - The company employed 228 full-time employees as of December 31, 2022[102]. - The company has adopted a pre-IPO share incentive plan and stock option plan to motivate directors and eligible employees[102]. - The company regularly reviews and adjusts the compensation of directors and senior management based on individual performance and market trends[101]. - All current directors participated in professional development training to enhance their knowledge and skills regarding their roles and responsibilities[192].

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） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 經 審 核 的 年 度 業 績 公 告 二零二二年年度業績概要 中國智能交通系統（控股）有限公司（「本公司」）及其子公司（統稱「本集團」） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度（「本 年 度」或「二 零 二 二 年 度」） 的業績概要如下： • 本集團已簽訂新合約金額為人民幣623,100,000元(1)，而上一年度已簽 訂新合約金額為人民幣760,000,000元，比上一年度減少18.0%。 • 實 現 收 益 為 人 民 幣714,400,000元， 而 上 一 年 度 收 益 為 人 民 幣 740,300,000元，比上一年度減少 ...

Financial Performance - The total new contracts signed by the company amounted to RMB 215,800,000, a decrease of 24.1% compared to the same period last year[10]. - The company's revenue for the period was RMB 243,600,000, representing a decrease of 21.8% year-on-year[11]. - The loss attributable to equity holders of the parent company was RMB 6,000,000, compared to a profit of RMB 29,600,000 in the same period last year[12]. - The decline in railway business contracts was attributed to a decrease in fixed asset investment in railways and delays in project bidding due to the pandemic[22]. - Total revenue for the first half of the year was RMB 243.6 million, down from RMB 311.4 million in the same period last year, reflecting a decline of 21.8%[26]. - The company reported a net profit of RMB 21,468,000 for the six months ended June 30, 2022, compared to RMB 41,737,000 in the previous year, indicating a decline of 48.6%[141]. - The earnings attributable to the owners of the company were a loss of RMB 5,959,000, contrasting with a profit of RMB 29,639,000 in the same period last year[141]. - The group reported financial income of RMB 2,094 thousand, a decrease from RMB 3,033 thousand in the previous year[188]. Revenue Breakdown - The power segment reported a revenue of RMB 113.8 million, an increase of RMB 16.3 million or 16.7% compared to the same period last year, primarily due to the growth in revenue from the AHLONE power plant and the commencement of single-cycle power generation at the Hlawga project in Myanmar[28]. - The railway segment confirmed a revenue of RMB 129.9 million, a decrease of RMB 84.1 million or 39.3% year-on-year, attributed to the impact of COVID-19 on the railway communication market and delays in project deliveries[27]. - The value-added operations and services segment reported a revenue of RMB 126.2 million, an increase of RMB 2.9 million or 2.4% year-on-year[34]. - The product and professional solutions segment confirmed a revenue of RMB 117.4 million, a decrease of RMB 70.8 million or 37.6% compared to the same period last year[33]. - The railway business generated revenue of RMB 129,850 thousand, while the power business contributed RMB 113,784 thousand[180]. Profitability and Margins - The gross profit recorded was RMB 115,900,000, remaining stable compared to the same period last year, with a gross margin of 47.6%, an increase of 10.3 percentage points year-on-year[12]. - The gross profit for the first half was RMB 115.9 million, with a gross margin of 47.6%, up from 37.3% in the previous year[37]. - The gross profit from the power segment was RMB 88.7 million, an increase of RMB 13.8 million, with a gross margin of 78.0%, up from 76.9% year-on-year[40]. - The gross profit from the railway segment was RMB 27.2 million, a decrease of RMB 14.2 million, with a gross margin of 21.0%, an increase of 1.7 percentage points compared to the previous year[39]. Expenses and Costs - Selling expenses and administrative costs amounted to approximately RMB 53.8 million, an increase of RMB 1.6 million compared to the previous year[47]. - The sales and administrative expenses related to daily operations for the first half of the year amounted to RMB 61,400,000, an increase of RMB 4,800,000 compared to RMB 56,600,000 in the same period last year[51]. - The net financial expenses for the first half of the year were RMB 3,700,000, a decrease of RMB 3,600,000 from the previous year, primarily due to reduced interest expenses from decreased bank loans[51]. - The company reported a depreciation and amortization expense of RMB 21,836,000, which is an increase of 24.9% from RMB 17,557,000 in the previous year[157]. - The company’s financial costs decreased to RMB 5,767,000 from RMB 10,322,000, representing a reduction of 44.8%[157]. Taxation - The total income tax expense for the first half of the year was RMB 3,900,000, down from RMB 19,100,000 in the same period last year, mainly due to reduced tax expenses from Myanmar[53]. - The company's income tax expense for the six months ended June 30, 2022, was RMB 3,935,000, a decrease of 79.4% compared to RMB 19,094,000 for the same period in 2021[198]. - The current income tax for China was RMB 1,625,000, down from RMB 5,325,000 in the previous year, indicating a significant reduction in tax liabilities[198]. Shareholder Information - Mr. Jiang Hailin holds a beneficial interest in 645,912,777 shares, representing 38.54% of the company[71]. - Mr. Liao Jie holds a beneficial interest in 105,758,203 shares, representing 6.31% of the company[71]. - Major shareholders include Holdco, which holds 645,912,777 shares, representing 38.54% of the issued share capital[110]. - Central Huijin Investment Co., Ltd. and China Construction Bank Corporation each hold 215,000,000 shares, accounting for 12.83% of the issued share capital[110]. - Joyful Business Holdings Limited holds 105,758,203 shares, representing 6.31% of the issued share capital[110]. Cash Flow and Liquidity - The group's cash net amount increased to RMB 38,600,000 from RMB 33,400,000 at the end of the previous year, an increase of RMB 5,200,000[60]. - The total cash and cash equivalents at the end of the period were RMB 340,180,000, up from RMB 184,192,000 at the end of the same period last year, reflecting a 84.5% increase[159]. - The cash flow from financing activities showed a net inflow of RMB 44,690,000, a significant improvement from RMB (16,392,000) in the prior year[159]. - The company’s cash flow from operating activities netted RMB 61,129,000, a significant increase from RMB 19,257,000 in the same period last year[157]. Corporate Governance - The company has maintained compliance with corporate governance codes throughout the reporting period[126]. - The audit committee has reviewed the accounting principles and internal controls for the unaudited interim results for the six months ending June 30, 2022[69]. - The board does not recommend the payment of an interim dividend for the six-month period ending June 30, 2022[68].

Financial Performance - The total new contracts signed by the group amounted to RMB 760 million, a decrease of 22.7% compared to the previous year[21]. - The group's revenue for the year was RMB 740.3 million, representing a decrease of 20.4% year-on-year[21]. - As of December 31, 2021, the group recorded an uncompleted contract amount of RMB 729.1 million, down 8.5% from the end of the previous year[21]. - The group achieved a gross profit of RMB 267.3 million, an increase of 39.6% compared to the previous year, with a gross profit margin of 36.1%, up 15.5 percentage points year-on-year[21]. - Profit attributable to owners of the parent was RMB 74.5 million, a significant recovery from a loss of RMB 177.1 million in the previous year[21]. - The company achieved revenue of RMB 740.3 million, down 20.4% year-on-year[39]. - The gross profit generated was RMB 267.3 million, an increase of 39.6%, with the gross margin rising from 20.6% to 36.1%[39]. - The profit attributable to the owners of the parent company was RMB 74.5 million, compared to a loss of RMB 177.1 million in the previous year[39]. - Total revenue for the year was RMB 930,536,000, down from RMB 1,000,000,000 in the previous year[53]. - The gross profit for the year was RMB 267,300,000, an increase of RMB 75,800,000, with a gross margin rising from 20.6% to 36.1%[60]. Segment Performance - The railway segment reported revenue of RMB 551,300,000, a decrease of RMB 237,400,000 or 30.1% compared to the previous year, primarily due to the impact of COVID-19 on the railway communication market[48]. - The power segment achieved revenue of RMB 189,000,000, an increase of RMB 47,100,000 or 33.2%, attributed to the successful operation of the Myanmar power plant project[49]. - The value-added operations and services segment reported revenue of RMB 258,800,000, an increase of RMB 102,600,000 or 65.7%[55]. - The gross profit margin for the railway segment improved to 22.7%, up 7.2 percentage points from the previous year, while the power segment's gross profit margin increased to 75.3%, up 26.3 percentage points[62][63]. Cash and Assets - The total assets as of December 31, 2021, were RMB 3,055.6 million, down from RMB 3,483.2 million in 2020[39]. - The net cash position improved to RMB 33.4 million from a negative RMB 183.8 million in the previous year[39]. - As of December 31, the group's cash net amount was RMB 33,400,000, an increase of RMB 217,200,000 from a negative cash net amount of RMB 183,800,000 at the end of the previous year[90]. - The group's current ratio was 1.8, down from 1.5 at the end of the previous year, indicating a stable financial condition[89]. Expenses and Taxation - Net financial expenses for the year were RMB 11,100,000, a decrease of RMB 11,600,000 due to reduced interest expenses from lower bank loans[77]. - The company reported a significant reduction in sales and administrative expenses, totaling RMB 166,300,000, down RMB 163,200,000 from the previous year[71]. - The total income tax expense for the year was RMB 35,800,000, up from RMB 23,100,000 in the previous year, primarily due to a significant increase in the group's profits[81]. Employee and Management Information - As of December 31, 2021, the group employed 258 full-time employees[137]. - The remuneration of directors and senior management is determined based on individual performance and market trends[134]. - The company has no directors with service contracts that cannot be terminated within one year without compensation[133]. - The company has adopted pre-IPO share incentive plans and stock option plans to motivate directors and eligible employees[137]. Shareholder Information - Major shareholders include Holdco with 645,912,777 shares, representing 39.05% of the issued share capital[176]. - Central Huijin Investment Ltd. holds 215,000,000 shares, accounting for 12.99% of the issued share capital[176]. - Joyful Business Holdings Limited owns 105,758,203 shares, which is 6.39% of the issued share capital[176]. - Penbay Investments Limited has a stake of 98,613,367 shares, representing 5.96% of the issued share capital[176]. Corporate Governance - The company has complied with all relevant laws and regulations in mainland China as of the report date[107]. - The company has no arrangements for indemnifying directors against liabilities arising from their duties[130]. - The company has not engaged in any arrangements allowing directors or executives to benefit from acquiring shares or bonds of the company during the reporting period[128]. Future Plans and Investments - The company plans to develop the Hlawga power plant restoration project in Myanmar, expected to commence operations in 2022[44]. - The group plans to continue investing in appropriate financial products, primarily focusing on low-risk short-term financial investments to utilize idle cash[195]. - The group’s financial performance and investment strategies are aligned with its goal of maximizing returns while managing risks effectively[195]. Non-Competition Agreement - The company entered into a non-competition agreement with Beijing Ruihua Ying Technology Development Co., Ltd. to avoid potential competition in the transportation industry[200]. - The non-competition agreement aims to prevent potential conflicts of interest involving executive directors who have stakes in both the company and Beijing Ruihua Ying[200].

HIH 中国智能交通系统(控股)有限公司 China ITS (Holdings) Co., Ltd. (於開曼群島註冊成立的有限公司) 股份代號：1900 中 期 報 告 202 1 目 錄 公司资料 2 財務摘要 5 管理層討論及分析 6 董事會報告 14 簡明綜合損益表 23 簡明綜合全面收益表 24 簡明綜合財務狀況表 25 簡明綜合權益變動表 27 簡明綜合現金流量表 28 簡明綜合財務報表附註 30 授權代表 董事會 執行董事 廖杰先生(董事會主席) 姜海林先生(行政總裁) 獨立非執行董事 葉舟先生 王冬先生(CICPA, CIMA, AAIA, CGMA) 周建民先生 公司秘書 梁銘樞先生(FCCA, FCPA) | --- | --- | |------------------------------------------------|--------------------------| | | | | 姜海林先生 | 香港主要營業地點 | | 中國 | 香港 | | 北京市 | 灣仔 | | 海淀區八里莊北里1號 | 駱克道 20–24 號 | | 8樓1門102號 | 金星大廈8樓 | ...

HTH 中国智能交通系统(控股)有限公司 China ITS (Holdings) Co., Ltd. China ITS (Holdings) Co., Ltd. 股份代號:1900 ■ I ■ ■ ■ ■ ■ ■ l L ■ ■ ■ ■ 年報 1 0000 l 目 錄 公司資料2 | --- | --- | |-------------------------------|-------| | | | | | | | 財 務 概 要 | 5 | | 財 務 摘 要 | 6 | | 主 席 報 告 | 8 | | 管 理 層 討 論 及 分 析 | 10 | | 董 事 會 報 告 | 17 | | 企 業 管 治 報 告 | 31 | | 環 境 、 社 會 及 管 治 報 告 | 42 | | 董 事 及 高 級 管 理 層 | 92 | | 獨 立 核 數 師 報 告 | 96 | | 綜 合 損 益 表 | 103 | | 綜 合 全 面 收 益 表 | 104 | | 綜 合 財 務 狀 況 表 | 105 | | 綜 合 權 益 變 動 表 | 107 | | 綜 合 現 金 流 量 表 | 1 ...

Financial Performance - The company achieved revenue of RMB 237,100,000, representing a decrease of 38.0% year-on-year[5]. - For the six months ended June 30, 2020, total revenue was RMB 237,070,000, a decrease of 38.1% compared to RMB 382,406,000 for the same period in 2019[169]. - The gross profit was RMB 53,900,000, down 34.6% year-on-year, with a gross profit margin of 22.8%, an increase of 1.2 percentage points from the same period last year[7]. - The gross profit for the same period was RMB 53,943,000, down 34.6% from RMB 82,458,000 in 2019[121]. - Profit attributable to the owners of the parent company was RMB 39,400,000, compared to RMB 13,700,000 in the same period last year, reflecting a growth of 187.6%[8]. - The company reported a profit of RMB 42,812,000 for the six months ended June 30, 2020, compared to RMB 15,353,000 in the same period of 2019, representing an increase of 179%[124]. - The company reported a net profit of RMB 42,812,000, which is an increase of 178.0% compared to RMB 15,353,000 in the previous year[121]. - Other income and gains increased significantly to RMB 93,177,000, up from RMB 25,753,000 in the previous year, marking a growth of 261.5%[121]. - The company reported a tax expense of RMB 7,838,000 for the six months ended June 30, 2020, compared to RMB 3,961,000 for the same period in 2019, marking an increase of about 98%[184]. Contracts and Revenue Growth - The total new contracts signed by the company amounted to RMB 358,500,000, a decrease of 1.3% compared to the same period last year[4]. - As of June 30, 2020, the company recorded uncompleted contracts worth RMB 898,900,000, an increase of 7.0% from the end of the previous year[6]. - The increase in uncompleted contracts indicates potential future revenue growth opportunities for the company[6]. - The company signed new contracts worth RMB 322.9 million, a decrease of RMB 3.3 million year-on-year, while the uncompleted contracts increased to RMB 843.9 million, up RMB 70.2 million from the end of last year[32]. - The revenue from the domestic market in mainland China was RMB 210,882,000, accounting for the majority of total revenue[170]. Cost Management and Profitability - The company is focused on improving its gross profit margin despite the decline in revenue, indicating a strategic shift towards higher-margin projects[7]. - The gross profit margin for the products and professional solutions segment was 17.5%, a decrease of 0.7 percentage points compared to the previous year[39]. - Sales and administrative expenses related to daily operations for the first half of the year were RMB 56,500,000, a decrease of RMB 14,200,000 compared to RMB 70,700,000 in the same period last year, primarily due to reduced travel expenses and lower social security costs[10]. - The company incurred an impairment loss of RMB 15,569,000 during the reporting period[157]. - The impairment of financial assets related to prepayments, deposits, and other receivables was RMB 18,341,000, indicating a focus on managing asset quality[141]. Cash Flow and Financial Position - The net cash flow used in operating activities was RMB (109,090,000), a decline compared to RMB 204,957,000 in the prior year, indicating a decrease of approximately 153.2%[141]. - The net cash flow used in investing activities was RMB (81,936,000), compared to RMB (45,205,000) in the previous year, reflecting an increase in cash outflow of approximately 81.3%[142]. - The financing activities generated cash inflow of RMB 310,933,000 from bank borrowings, while cash outflow for repayment of bank borrowings was RMB (363,023,000), resulting in a net cash flow from financing activities of RMB 49,710,000[142]. - The company's cash and cash equivalents stood at RMB 126,901,000, down from RMB 258,722,000, a decrease of 51%[129]. - The company reported a total of RMB 3,958,000 attributable to non-controlling interests, compared to RMB 1,703,000 in the previous year, an increase of 132%[124]. Share Options and Corporate Governance - The company has a total of 116,653,105 share options granted under the pre-IPO share incentive plan[78]. - The share option plan allows for a maximum of 155,029,633 shares to be issued, which is 10% of the total issued shares at the time of listing[81]. - The company granted share options to 191 participants, including several directors and key executives, for a total of 155,000,000 shares on January 18, 2012[81]. - The company has not engaged in any arrangements that would allow directors or key executives to benefit from acquiring shares or bonds during the reporting period[76]. - The company maintained a strong focus on corporate governance, adhering to the corporate governance code throughout the reporting period[108]. Market Strategy and Future Plans - The company aims to expand its market presence through new contracts and enhanced service offerings in the infrastructure sector[20]. - The company plans to actively expand diversified professional technical services in the second half of the year to mitigate the impact of COVID-19[25]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[137]. - The company is focused on enhancing its product offerings and technological advancements to drive future growth[96].

HTH 中国智能交通系统(控股)有限公司 China ITS (Holdings) Co., Ltd. ( 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ) 股 份 代 號 : 1900 0 10 1 0 2019年報 | --- | --- | |----------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | 目 錄 | | | 公司資料 | 2 | | | | | | 5 | | 財務概要 | | | 財務摘要 | 6 | | 主席報告 | 8 | | | | | 管理層討論及分析 | 10 | | 董事會報告 | 14 | | 企業管治報告 | 28 | | 環境、社會及管治報告 | 39 | | 董事及高級管理層 | 78 | | 獨立核數師報告 | 82 | | 綜合損益表 | 90 | | 綜合全面收益表 | 91 | | 綜合財務狀況表 | 92 | | 綜合權益變動表 | 94 | | 綜合現金流量表 | 96 | | 綜合財務報表附註 | 98 | | 投資物業 | 180 | 公 ...