China Intelligent Transportation (01900) issued an announcement. The company expects the group to end on December 31, 2023...
According to the Zhitong Finance App, China Intelligent Transportation (01900) announced that the Group expects the profit attributable to the parent company's owners to be about RMB 137 million for the year ending December 31, 2023, while the profit attributable to owners of the parent company for the same period in 2022 is RMB 48.5 million, an increase of about 183% over the previous year.
According to the announcement, the Group's financial performance in the reporting year increased significantly compared to the year ended 31 December 2022, mainly due to (i) the significant increase in revenue and gross profit of the Railway Division and Energy Division in the reporting year compared to the same period in 2022; and (ii) the Group achieved significant returns on financial assets recorded at fair value in the reporting year, while the fair value of financial assets for the year ended 31 December 2022 experienced significant losses due to market fluctuations.