CHINA ITS (01900) Issues Profit Alert, Anticipates Annual Profit Attributable to Shareholders of at Least RMB 63.5 Million

Stock News
Mar 27

CHINA ITS (01900) has announced that the group expects to record a profit attributable to owners of the parent company of no less than RMB 63.5 million for the year ending December 31, 2025. This compares to a profit attributable to owners of the parent company of RMB 22.1 million for the same period in 2024. The anticipated increase in profit is primarily attributed to the following factors: a significant year-on-year rise in net profit from a power plant project during the reporting year, driven by an adjustment in the actual settlement exchange rate by the project's Myanmar client and an increase in power generation; and the recognition of fair value gains on financial assets during the reporting year, influenced by market fluctuations, whereas a significant fair value loss was recorded on similar financial assets in the same period of 2024.

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