Intron Technology (1760) investor relations material

Executive summary

• Revenue grew 5% year-on-year to RMB2,966.3 million in H1 2025, driven by safety, powertrain, and cloud server segments.

• Net profit attributable to shareholders fell 49% to RMB49.7 million, with net profit margin at 1.6% due to intensified price competition.

• Gross profit margin declined to 13.5% from 15.9% as price competition intensified in the automotive sector.

• R&D investment remained strong at RMB219.9 million, 7.4% of revenue, supporting innovation in automotive, robotics, and electronics.

• The company secured 112 new mass production projects, including 10 for overseas customers, expanding its international footprint.

Financial highlights

• Revenue: RMB2,966.3 million, up 5% year-on-year.

• Gross profit: RMB401.0 million, down 11% year-on-year.

• Net profit: RMB49.7 million, down from RMB97.7 million.

• EPS: RMB4.57 cents (basic and diluted), down from RMB8.98 cents.

• Cash and cash equivalents: RMB678.5 million as of 30 June 2025.

• Gearing ratio: 47%, improved from 50% at year-end 2024.

Outlook and guidance

• New energy vehicle market expected to benefit from policy support and overseas expansion, especially in Southeast Asia and Latin America.

• Focus on technological innovation, R&D, and integration of AI and cloud server technologies.

• Anticipates stable business recovery and improved profit margins as industry competition eases.

• Plans to secure over 100 new mass production projects, including for overseas markets, in the second half of 2025.