Sina Technology News, afternoon of September 26th, recently, China Transinfo Technology released its 2024 interim report. As of the end of this reporting period, the company's total operating income was 3.567 billion yuan, a year-on-year increase of 6.24%, and the net income attributable to the parent company was 12.235 million yuan, a year-on-year decrease of 95.71%. In terms of income tax, the change in China Transinfo Technology's income tax expense was -84.62%, due to changes in deferred income tax assets and liabilities caused by factors such as fair value changes.
Previously, China Transinfo Technology had experienced consecutive situations of negative income tax. In response to this, an investor asked, "Is the change in the company's income tax due to some of the business personnel being eliminated by Huawei and other mainstream manufacturers in the industry, or is it due to product quality issues?"
Today, China Transinfo Technology responded to this by stating, "The company's income tax expense item is calculated in accordance with enterprise accounting standards. For example, the company emphasizes research and development investment based on operational needs, and the increase in the deductible proportion of research and development expenses reduces the current income tax expense as well as deferred income tax expenses, resulting in negative income tax. There are no other reasons you mentioned. Please pay attention to public information."
