Intron Technology (1760) investor relations material

Executive summary

• Revenue grew 15% year-over-year to RMB3.4 billion for the six months ended 30 June 2026, driven by a 99% surge in automotive electronics, especially electric mobility, despite a challenging automotive industry environment.

• Net profit dropped 87% year-over-year to RMB6.2 million, mainly due to margin compression, increased R&D expenses, and a higher income tax expense.

• Gross profit margin declined to 11.7% from 13.5% year-over-year, reflecting higher raw material costs and price pressures.

• The company maintained strong R&D investment, focusing on electric mobility, AIDC, and embodied intelligence, and secured 52 new mass-production nomination projects, including 11 overseas.

Financial highlights

• Total revenue: RMB3,399.7 million, up 15% year-over-year.

• Gross profit: RMB397.1 million, down 1% year-over-year; gross margin at 11.7%.

• Net profit: RMB6.2 million, down 87% year-over-year; net margin at 0.2%.

• Earnings per share: RMB0.66 cents, down 86% year-over-year.

• R&D expenses: RMB274.7 million, up 25% year-over-year, representing 8.1% of revenue.

Outlook and guidance

• Automotive electronics revenue expected to maintain steady growth, supported by mass delivery of core products and overseas expansion.

• Cloud server-related semiconductor solutions anticipated to grow in the second half as supply agreements secure chip availability.

• Continued focus on R&D, AIDC, and embodied intelligence to drive long-term sustainable growth.