China ITS Holdings Co., Ltd. (1900) AI Stock Analysis

• Market Cap: HK$455.85M
• Dividend Yield: 9.12%
• Average Volume (3M): 414.43K
• Price to Earnings (P/E): 1.0
• Beta (1Y): 0.42
• Revenue Growth: 27.05%
• EPS Growth: 842.50%
• Country: HK
• Employees: 350
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.23
• Shares Outstanding: 1,720,185,900
• 10 Day Avg. Volume: 314,002
• 30 Day Avg. Volume: 414,427
• PEG Ratio: -0.21
• Price to Book (P/B): 0.21
• Price to Sales (P/S): 0.48
• P/FCF Ratio: -12.32
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: HK$0.30 ▼(-10.59% Downside)

The score is held back mainly by weak financial quality—sharp net margin decline, negative revenue growth, and zero operating cash flow—despite a strong balance sheet. Valuation is the biggest positive (very low P/E and high yield), while technical indicators are mixed and not yet decisively bullish.

Positive Factors

Balance sheet strength

Low leverage and a high equity ratio provide durable financial flexibility, lowering refinancing and solvency risk. This capital structure supports continued investment in ITS projects and long sales cycles with government clients, enabling the company to fund contracts and absorb cyclical revenue swings.

Improved core operating profitability (EBIT)

A materially higher EBIT margin signals stronger operational control and pricing power in core ITS solutions. Sustained elevated operating profits can fund R&D and maintenance services, improving competitive position and enabling margin resilience even if top-line growth is uneven.

Diversified revenue streams & government partnerships

Multiple revenue lines and government/tech partnerships reduce reliance on single-product sales and support predictable long-term contract pipelines. This business mix favors recurring service and maintenance income, smoothing cash flows and strengthening customer lock-in over multi-year smart city programs.

Negative Factors

Sharp net margin decline

A collapse in net margin implies material pressure below the operating line—tax, interest, or one-off items—eroding returns to shareholders. If persistent, this reduces retained earnings, weakens ROE, and limits capacity to invest in product development and deployments critical for long-term ITS competitiveness.

Negative revenue trend

A declining top line in a growth-oriented tech services market signals potential loss of contract share or slower adoption. Sustained revenue decline constrains economies of scale and makes it harder to sustain fixed-cost investments in R&D, field service capabilities, and software platform improvements.

Weak cash generation

Zero operating cash flow indicates earnings are not converting into cash, risking liquidity for project execution and working capital. Over time this can force reliance on external funding or limit reinvestment, undermining the company's ability to support long sales cycles and ongoing service obligations.

China ITS Holdings Co., Ltd. Business Overview & Revenue Model

Company Description

China ITS Holdings Co., Ltd. (1900) is a leading provider of intelligent transportation systems (ITS) and solutions in China. The company specializes in the development and integration of advanced technologies to enhance traffic management, vehicle monitoring, and transportation safety. Its core products and services include traffic signal control systems, real-time traffic information services, and smart city solutions, catering to both governmental and private sectors.

How the Company Makes Money

China ITS Holdings generates revenue through multiple streams, primarily by offering ITS solutions and services to government agencies and private enterprises. The company earns money through the sale of its hardware and software products related to traffic management and smart city initiatives. Additionally, it provides installation, maintenance, and consulting services, which further contribute to its revenue. Strategic partnerships with local and regional governments, as well as collaborations with other technology firms, enhance its market reach and effectiveness, ultimately driving its earnings growth.

China ITS Holdings Co., Ltd. Financial Statement Overview

Summary

China ITS Holdings Co., Ltd. presents a mixed financial picture. The income statement reflects improved core profitability but faces challenges in revenue growth and net margins. The balance sheet is strong, with low leverage and a high equity ratio, indicating financial stability. However, the cash flow situation is concerning, with zero operating cash flow in 2024, highlighting potential liquidity risks. The company should focus on enhancing revenue growth and cash flow management to improve its overall financial health.

Income Statement

The company shows a mixed performance in its income statement. The gross profit margin improved to 37.23% in 2024 from 38.68% in 2023, indicating strong operational efficiency. However, the net profit margin significantly decreased to 2.69% in 2024 from 16.01% in 2023. Revenue growth has been negative, with a decline of 4.39% from 2023 to 2024. Despite these issues, the EBIT margin increased to 27.19% in 2024 from 18.03% in 2023, showing improved core business profitability.

Balance Sheet

The balance sheet shows financial stability with a debt-to-equity ratio of 0.13 in 2024, suggesting low leverage. The return on equity (ROE) decreased to 1.17% in 2024 from 7.12% in 2023, indicating less efficient use of equity to generate profits. The equity ratio remains strong at 66.27% for 2024, highlighting a solid equity base relative to total assets.

Cash Flow

The cash flow statement indicates challenges, with operating cash flow at zero in 2024. The absence of positive free cash flow growth and operating cash flow to net income ratio suggests potential liquidity issues. The company needs to improve its cash flow management to support ongoing operations and growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.01B	819.79M	857.39M	714.42M	740.29M	930.54M
Gross Profit	433.14M	305.27M	331.69M	259.26M	267.32M	191.51M
EBITDA	293.25M	206.21M	269.15M	164.98M	216.72M	63.83M
Net Income	422.07M	22.06M	137.20M	48.49M	74.52M	-177.10M
Balance Sheet
Total Assets	3.75B	2.84B	3.10B	2.84B	3.06B	3.48B
Cash, Cash Equivalents and Short-Term Investments	621.40M	331.52M	484.56M	305.71M	317.88M	240.62M
Total Debt	260.18M	246.11M	275.02M	258.04M	344.16M	675.27M
Total Liabilities	1.02B	837.17M	1.03B	945.66M	1.20B	1.65B
Stockholders Equity	2.25B	1.88B	1.93B	1.78B	1.77B	1.73B
Cash Flow
Free Cash Flow	15.05M	-31.77M	221.29M	23.86M	327.66M	205.07M
Operating Cash Flow	12.98M	-23.94M	228.72M	63.74M	388.45M	479.22M
Investing Cash Flow	-41.66M	-48.83M	-30.11M	-64.08M	-41.19M	-256.31M
Financing Cash Flow	-93.78M	-83.13M	-12.55M	-19.84M	-281.75M	-251.55M

China ITS Holdings Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.34
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1900, the sentiment is Neutral. The current price of 0.34 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.29, and above the 200-day MA of 0.23, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.06 is Neutral, neither overbought nor oversold. The STOCH value of 67.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1900.

China ITS Holdings Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1522	71 Outperform	HK$713.03M	3.90	6.75%	7.27%	7.39%	2.23%
1900	67 Neutral	HK$455.85M	1.00	20.36%	9.12%	27.05%	842.50%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
1985	55 Neutral	HK$387.00M	-192.54	-0.83%	8.55%	-1.86%	-105.19%
0465	50 Neutral	HK$245.89M	-2.96	-29.34%	―	-18.19%	4.52%
8606	48 Neutral	HK$102.66M	-70.91	-1.95%	―	5.01%	82.54%
1949	46 Neutral	HK$134.40M	-1.21	-83.97%	―	-78.41%	-3530.77%

China ITS Holdings Co., Ltd. Corporate Events

China ITS Calls January EGM to Ratify Structured Deposit Investments

China ITS (Holdings) Co., Ltd. has called an extraordinary general meeting for 16 January 2026 in Hong Kong, seeking shareholder approval to ratify and confirm the group’s subscription to two RMB-denominated structured deposit wealth management products offered by CITIC Group Corporation. The board is also asking shareholders to authorize directors to take all necessary steps to implement these investments, signaling a continued use of structured wealth management products in the company’s treasury operations and underscoring the need for formal shareholder backing for its cash management strategy.

The most recent analyst rating on (HK:1900) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China ITS Holdings Co., Ltd. stock, see the HK:1900 Stock Forecast page.

China ITS Delays Circular Dispatch for Wealth Management Subscription

China ITS Holdings Co., Ltd. announced a delay in the dispatch of a circular related to the subscription of wealth management products, initially expected by December 3, 2025, now postponed to December 26, 2025. This delay indicates the company’s need for additional time to finalize necessary information, potentially impacting shareholder communications and compliance with listing rules.

The most recent analyst rating on (HK:1900) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China ITS Holdings Co., Ltd. stock, see the HK:1900 Stock Forecast page.

China ITS Holdings Terminates $5 Million Fund Subscription

China ITS Holdings Co., Ltd. announced the termination of a previously planned subscription of Class A Shares in a fund, following a decision by the Investment Manager to suspend the fund’s investment in a target company. The termination involves the return of the full subscription amount of US$5 million to the company, with no shares held in the fund. The board stated that this decision will not adversely affect the company’s business, operational, or financial conditions.

The most recent analyst rating on (HK:1900) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on China ITS Holdings Co., Ltd. stock, see the HK:1900 Stock Forecast page.

China ITS Holdings Updates Company Website

China ITS Holdings Co., Ltd. has announced a change in its company website from ‘www.its.cn’ to ‘www.01900.hk’. This update is effective immediately and will host future announcements and documents related to the company’s operations. The change signifies an effort to streamline communication and accessibility for stakeholders, potentially enhancing the company’s visibility and engagement within the industry.

The most recent analyst rating on (HK:1900) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on China ITS Holdings Co., Ltd. stock, see the HK:1900 Stock Forecast page.

China ITS Engages in Significant Wealth Management Transactions

China ITS Holdings Co., Ltd. has announced that its subsidiary, FOSS, engaged in multiple transactions involving wealth management products from various financial institutions between January and September 2025. These transactions included 16 discloseable transactions and one major transaction, as defined by the Hong Kong Listing Rules, indicating significant financial activity and potential implications for the company’s financial strategy and stakeholder interests. The company plans to hold an Extraordinary General Meeting to seek shareholder approval for the major transaction.

The most recent analyst rating on (HK:1900) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on China ITS Holdings Co., Ltd. stock, see the HK:1900 Stock Forecast page.

China ITS Holdings Invests in Brain-Computer Interface Development

China ITS Holdings Co., Ltd. has announced a significant financial move by subscribing to Class A Shares of the Hua Sheng Heng Xin Investment Fund Limited with a capital commitment of US$5 million. This investment aims to achieve capital appreciation by investing in a private company focused on developing brain-computer interface products. The transaction is considered discloseable under Hong Kong’s Listing Rules, indicating its importance to the company’s financial strategy and potential impact on its market positioning.

The most recent analyst rating on (HK:1900) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on China ITS Holdings Co., Ltd. stock, see the HK:1900 Stock Forecast page.