China ITS (Holdings) Co., Ltd. provided earnings guidance for the six months ended 30 June 2016. For the period, the company expects that it will record a net profit as compared to a net loss for the six months ended 30 June 2015. The company considers that the improvement in the group's financial performance as compared to the six months ended 30 June 2015 was mainly attributable to a reduction in operating expenses and bad debt expenses as a result of the group's improvement in internal management; and the group not being required to amortize or impair its goodwill and other intangible assets for the interim period.