Intron Technology sees revenue growth but profit halves amid competition

For the first half of 2025, Intron Technology Holdings reported a 5% year-on-year increase in total revenue, reaching RMB2,966.3 million. This growth was primarily fueled by strong performance in the Safety systems and Cloud Server segments, which saw revenue increases of 27% and 135% respectively. The New Energy vehicle segment remained the largest contributor, accounting for 48.5% of total revenue. However, gross profit for the period decreased by 11% to RMB401.0 million, with the gross profit margin falling to 13.5% from 15.9% in the prior year, attributed to intensified price competition.

Profit for the period decreased by 50% from RMB95.0 million in 2024 to RMB48.0 million in 2025. Diluted earnings per share were RMB4.57 cents, down from RMB8.98 cents. The company maintained its R&D investment at 7.4% of total revenue, amounting to RMB219.9 million.

Financially, the Group maintained a satisfactory liquidity position with cash and cash equivalents of RMB678.5 million as of June 30, 2025. Finance costs decreased by 5% to RMB53.8 million due to adjustments in loan structure. No interim dividend was recommended for the period.