Last $3.57 USD
Change Today -0.01 / -0.28%
Volume 6.8K
CNIT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

Financial Statements for china information technology (CNIT)

Year over year, China Information Technology, Inc. has seen revenues fall from $85.2M USD to $74.5M USD. In addition, the company has been unable to reduce the percentage of sales devoted to cost of goods sold, SGA expenses and income tax expenses. This has led to a reduction in the bottom line from a loss of $89.6M USD to an even larger loss of $119.2M USD.
Currency in
Millions of US Dollars
As of:Dec 31
2010
Reclassified
Dec 31
2011
Dec 31
2012
Reclassified
Dec 31
2013
4 Year
Trend
Revenues160.0113.485.274.5
Other Revenues3.81.11.21.6
TOTAL REVENUES163.8114.586.476.1
Cost of Goods Sold93.370.265.958.9
GROSS PROFIT70.644.320.517.3
Selling General & Admin Expenses, Total25.030.360.4101.8
R&D Expenses3.04.55.02.9
OTHER OPERATING EXPENSES, TOTAL28.034.865.3104.7
OPERATING INCOME42.69.5-44.8-87.4
Interest Expense-1.5-2.9-4.6-5.6
Interest and Investment Income0.10.30.30.5
NET INTEREST EXPENSE-1.4-2.6-4.3-5.1
Other Non-Operating Income (Expenses)2.52.50.24.2
EBT, EXCLUDING UNUSUAL ITEMS43.79.4-48.9-88.3
Gain (Loss) on Sale of Assets-0.3------
Other Unusual Items, Total-----40.9-32.0
EBT, INCLUDING UNUSUAL ITEMS43.39.4-89.8-120.3
Income Tax Expense7.90.80.81.9
Minority Interest in Earnings-1.1-0.71.03.0
Earnings from Continuing Operations35.58.6-90.6-122.2
NET INCOME34.47.9-89.6-119.2
NET INCOME TO COMMON INCLUDING EXTRA ITEMS34.47.9-89.6-119.2
NET INCOME TO COMMON EXCLUDING EXTRA ITEMS34.47.9-89.6-119.2
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CNIT:US $3.57 USD -0.01

CNIT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
DHC Software Co Ltd CNY18.47 CNY -0.79
Neusoft Corp CNY16.48 CNY -0.44
Beijing SuperMap Software Co Ltd CNY22.45 CNY -1.06
View Industry Companies
 

Industry Analysis

CNIT

Industry Average

Valuation CNIT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 2.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CHINA INFORMATION TECHNOLOGY, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.