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Public company info - China ITS (Holdings) Co. Ltd. , 01900.HK
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China ITS (Holdings) Co. Ltd., 01900.HK - Company Profile
Chairman Liao Jie
Share Issued (share) 1,654,000,000
Par Currency Hong Kong Dollar
Par Value 2.0E-4
Industry Software
Corporate Profile Business Summary: The Group is mainly a provider of products, specialised solutions and services related to infrastructure technology in the PRC and overseas. Performance for the year: In 2019, the Group recorded RMB1,001.0 million from new contracts signed, representing a decrease of 12.8% compared to the previous year. The Group generated revenue of RMB1,033.2 million, representing an increase of 11.8% compared to the previous year, and as of 31 December 2019, the Group recorded RMB840.1 million from backlog, representing a decrease of 14.1% compared to the end of the previous year. The Group generated gross profit of RMB206.6 million, which increased by 25.5% compared to the previous year, and recorded gross profit margin of 20.0%, increased from 17.8% for the previous year. The loss attributable to owners of the parent of the Company amounted to RMB44.2 million for the Year compared to the loss of RMB116.3 million for the previous year. Business Review The Company and its subsidiaries (the “Group”) is mainly a provider of products, specialised solutions and services related to infrastructure technology in the PRC and overseas. The main businesses of this Group are as follows: (a) Products and specialised solutions business (the “Products and specialised solutions”) — in the field of infrastructure construction such as railways and electric power, we sell products and specialised solutions to customers according to their needs. It mainly includes: railway communication products, energy-base products, power communication products, power transmission and transformation equipment, power generation equipment; and (b) Value-added operation and services business (the “Value-added operation and services”) — We provide value-added services such as maintenance services, network optimization and network planning, and technical consulting for the products related to the communication system for railway customers, as well as the planning and technical consulting services of the infrastructure construction based on electric power such as power plant construction and power grid renovation for electric power customers. 1. Consolidating the railway sector business and vertically upgrading the traditional business The core business of the Group is products and specialised solutions of which the products and solutions business of railway communication segment market still maintains a high market share. We are one of the largest providers in the segment market. Intelligent information solutions and energy-base solutions are also progressing as planned. In the Year, the Group has become a solution provider of wired and wireless communication systems for He’an Jiu high-speed railway project, which has significant effect on improving national and regional railway network layout and raising transportation capacity and driving the economic development along the line. Meanwhile, the Group successfully won the tender for OTN project of Shanghai Railway Administration, providing basic information channel for Shanghai Railway Administration and offering reliable, safe and quick information services to the relevant railway transportation business. The Group also provides solutions for electronic ticketing systems of multiple railway bureaus, which speeds up the process of electronic ticketing and improving travel efficiency of tourists. The involvement of such projects further consolidated the Group’s leading position in the railway communication market. The railway communications system’s intelligent value-added operation and services business requires certain industry experience and expertise due to the high technical threshold. We need to provide customers with efficient and convenient services through professional technology to increase user stickiness, which is a kind of higher value-added services business. As this business is at the post-construction stage of a railway, it has covered most railway bureaus across the country and covered the backbone of the railway network based on the Group’s platform advantages combining with its self-developed intelligent maintenance system, which provides intelligent operation and maintenance for railway communications. The Group attaches great importance to the technical support and service quality of value-added operation and services business, as well as the control of customer satisfaction. In the future, the Group will strive to provide high-efficiency, reliable, convenient, all-round technology and operation as well as maintenance services for railway customers through the expansion of diversified professional technical services. In 2019, on the one hand, the Group consolidated the existing value-added operation business, and also continuously expanded new value-added operation business. As a result, the revenue from value-added operation and services business increased significantly compared with the previous year. 2. Business in electric power sector developing well and completing the overseas significant investment In the Year, the Group has made solid progress in expanding overseas markets through the acquisition (“Acquisition”) of 58% equity interests in CEECGLOBAL LIMITED, which engages in investment and construction, upgrading, operation and provision of services in respect of infrastructures in electric power and communication industry to overseas customers in Southeast Asia markets. The Acquisition has provided the Group with a new opportunity to explore the infrastructure market in the Southeast Asia, and to improve and optimize the industrial structure of the Company. Please refer to the announcement of the Company dated 13 May 2019 for more details. In the Year, the Group entered into the contract for the ALONE 147,000 kilowatts power plant project in Yangon, Myanmar. The Group plans to invest an amount of approximately RMB400.0 million in the construction and operation of this power plant. It is expected that this power plant will be put into operation and connected to the grid for power generation in the middle of 2020. This project will be remarked as a benchmark project for the Group’s expansion of the overseas markets and will also lay a solid foundation for the Group developing the infrastructure market in the Southeast Asia. Prospects: Since the outbreak of the 2019 Novel Coronavirus (“COVID-19”) in January 2020, the local government and authorities in many cities have implemented various measures such as imposing travel restrictions, quarantine arrangements on travelers and home office arrangements that are adversely affecting the global economy and also the business operations of the Group. Depending on the development of the COVID-19 pandemic, the Group’s business operations may continue to be affected if the control measures are not lifted. The duration and intensity of this COVID-19 pandemic and related disruptions are uncertain.

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