China ITS Holdings Co., Ltd. (HK:1900)
:1900
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China ITS Holdings Co., Ltd.
(1900)
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Rating:67Neutral
Price Target:
HK$0.30
▼(-10.59% Downside)
Action:ReiteratedDate:01/09/26
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.
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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
China ITS Holdings Co., Ltd. (1900) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$419.73M
Dividend Yield9.12%
Average Volume (3M)414.43K
Price to Earnings (P/E)0.2
Beta (1Y)0.54
Revenue Growth27.05%
EPS Growth842.50%
CountryHK
Employees350
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.18
Shares Outstanding1,720,185,900
10 Day Avg. Volume314,002
30 Day Avg. Volume414,427
Financial Highlights & Ratios
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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, vehicl...
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 ...
China ITS Holdings Co., Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
78
Positive
Cash Flow
50
Neutral
| 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
Negative
0.34
Price Trends
0.29
Negative
0.28
Negative
0.27
Negative
Market Momentum
>-0.01
Positive
35.85
Neutral
14.13
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1900, the sentiment is Negative. The current price of 0.34 is above the 20-day moving average (MA) of 0.29, above the 50-day MA of 0.29, and above the 200-day MA of 0.27, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.85 is Neutral, neither overbought nor oversold. The STOCH value of 14.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1900.
China ITS Holdings Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$629.14M | 5.80 | 6.59% | 7.27% | 7.39% | 2.23% | |
67 Neutral | HK$419.73M | 0.22 | 20.46% | 9.12% | 27.05% | 842.50% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | HK$208.54M | -3.11 | -33.88% | ― | -18.19% | 4.52% | |
52 Neutral | HK$89.64M | 28.26 | -2.01% | ― | 5.01% | 82.54% | |
51 Neutral | HK$375.00M | 48.09 | -0.77% | 8.55% | -1.86% | -105.19% | |
46 Neutral | HK$151.68M | -1.10 | -102.18% | ― | -78.41% | -3530.77% |
* Technology Sector Average
HK:1900
China ITS Holdings Co., Ltd.
0.24
0.11
80.74%
HK:1522
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0.79
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139.39%
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Futong Technology Development Holdings Ltd.
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Kinetix Systems Holdings Limited
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-58.67%
China ITS Holdings Co., Ltd. Corporate Events
China ITS Books Gains from Series of Private Equity Fund Redemptions
Jan 23, 2026
China ITS (Holdings) Co., Ltd. has executed a series of redemptions from a private equity fund managed by Guangzhou Zhuoyi Asset Management Co., Ltd. through its wholly owned subsidiary Tibet Intelligent Aviation, following an original subscriptio...
China ITS Shareholders Ratify Subscription to CITIC Structured Deposit Products
Jan 16, 2026
China ITS (Holdings) Co., Ltd. announced that shareholders at its extraordinary general meeting on 16 January 2026 approved, by poll, the company’s and its subsidiaries’ subscriptions to specified RMB-denominated structured deposit wea...
China ITS Calls January EGM to Ratify Structured Deposit Investments
Dec 28, 2025
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 managem...
China ITS Delays Circular Dispatch for Wealth Management Subscription
Dec 3, 2025
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...
China ITS Holdings Terminates $5 Million Fund Subscription
Nov 19, 2025
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 inv...
China ITS Holdings Updates Company Website
Nov 14, 2025
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...
China ITS Engages in Significant Wealth Management Transactions
Nov 12, 2025
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 disc...
China ITS Holdings Invests in Brain-Computer Interface Development
Nov 5, 2025
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 appreciat...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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