ZTRS

Founded in 2013 and based in Shenzhen, China, Zhongxing System Technology Co. , Ltd. , trading under the name ZTRS operates in the information and communication technology sector, offering specialized solutions primarily in the transportation domain. In October 2025, JWHK agreed to acquire the company for CNY 850 million, allowing JWHK to enter the specialized communication sector and the high-growth private network communication market ZTRS specializes in the development and integration of information and communication technology (ICT) solutions for various sectors, including intelligent transportation and smart energy.

Their primary offerings focus on advanced communication systems for metro networks, aimed at improving operational efficiency, safety and reliability. The company serves a range of clients, including government agencies and urban transit authorities, with successful project deployments in major Chinese cities such as Guangzhou, Tianjin, Wuhan, and Xi'an. In the most recent financial year, 2024, ZTRS reported revenue of CNY 147 million, primarily derived from project-based agreements and long-term service contracts with both public and private sector clients. The revenue model includes comprehensive service agreements encompassing hardware installations and ongoing maintenance, with contract values significantly driven by key projects in urban transportation.

Following the acquisition by JWHK, the company plans to execute expansion into new geographic regions and bolster its operations in the communication technology domain.