China Intelligent Transportation (01900) announced interim results, net profit of 27.2 million yuan, a year-on-year decrease of 92.8%

According to the Zhitong Finance App, China Intelligent Transportation (01900) announced its 2026 interim results, achieving revenue of 461 million yuan, an increase of 32.2% over the previous year. The profit attributable to the owner of the parent company was 27.2 million yuan, a year-on-year decrease of 92.8%. Earnings per share were $0.02.

According to the announcement, the decrease in profit was mainly due to the revalued revenue of about 350 million yuan, which was not confirmed during the same period in 2025. This revenue was generated by recalculating the Group's rights in Hengtuo Open Source to its fair value when the Group took control of Hengtuo Open Source Information Technology Co., Ltd. on January 1, 2025.