China ITS Holdings Co., Ltd. (HK:1900) has released an update.
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China ITS Holdings Co., Ltd. has reported a mixed financial performance for the first half of 2024, with new contract signings up by 29% to RMB 460.6 million, but with a decrease in revenue of 17.6% to RMB 285.1 million compared to the same period last year. The company’s backlog increased by 28.9%, signaling potential future growth, yet the firm faced a significant downturn with a loss of RMB 38.4 million, contrasting with a profit in the previous year.
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