Intron Technology (1760) H2 2025 earnings summary

Executive summary

• Total revenue declined by 9% year-over-year to RMB6,057.3 million, mainly due to a 16% drop in semiconductor solutions business, partially offset by a 13% increase in automotive electronics business.

• Net profit fell sharply by 73% year-over-year to RMB55.0 million, with gross profit down 22% and gross margin decreasing by 2.0 percentage points to 12.5%.

• The company restructured its business into two principal segments: semiconductor solutions and automotive electronics, aiming for clearer strategic focus and improved investor understanding.

• R&D investment increased 3% to RMB508.6 million, representing 8.4% of revenue, supporting technological leadership and product innovation.

Financial highlights

• Revenue: RMB6,057.3 million, down 9% year-over-year.

• Gross profit: RMB755.4 million, down 22% year-over-year; gross margin at 12.5%.

• Net profit: RMB55.0 million, down 73% year-over-year; net margin at 0.9%.

• Earnings per share: RMB5.32 cents, down 72% year-over-year.

• Proposed final dividend: HK1.82 cents per share, down 71% year-over-year.

• Cash and cash equivalents: RMB489.6 million as of 31 December 2025.

Outlook and guidance

• Automotive electronics revenue expected to increase in 2026, driven by deeper partnerships and higher delivery scale of self-developed products.

• Overseas demand for new energy vehicles remains robust, with exports, especially plug-in hybrids, growing rapidly.

• The company will focus on core products, expand overseas, and deepen collaboration with chip manufacturers.