(13 February 2023, Hong Kong) – Intron Technology Holdings Limited ("Intron Technology" or the "Group"; HKEX: 1760), a fast-growing automotive electronics solutions provider in China, announced a positive profit alert today, it is expected that the group's net profit will increase by not less than 100% year-on-year in FY2022.
Based on the Group's unaudited consolidated management accounts and preliminary review currently available to the Board of Directors, the Group is expected to record a significant increase of not less than 100% in net profit attributable to shareholders of the Company for the year ended 31 December 2022 (the “Year”), and the net profit attributable to shareholders of the Company last year was RMB200,606,000. The expected increase in net profit was mainly attributable to the strong growth of over 50% in overall expected increase in revenue and the effects from the economies of scale as a result of efficient operation especially in research & development and product development activities. The overall expected increase in revenue for the Year as compared to 2021 was mainly attributable to continual strong growth in new energy vehicles core solutions business, robust growth in automated and connected vehicles solutions business together with sustained increasing revenue contributions from other automotive solutions. The aforesaid expected increment of the revenue and net profit extended the high-growth results achieved for the year before and will continue to provide a strong base for future business development of the Group.
Mr. Davy Luk, Chairman, Co-CEO and Executive Director of Intron Technology, said, “We are very delighted that the Group continues good performance and allows us to share this good news with investors and shareholders. We will strive to provide more advanced technologies and better services, so as to help develop China's electric and smart car industry and will continue to optimize our business operations in order to consolidate our leading position in the industry and strive for satisfactory returns for investors."
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About Intron Technology Holdings Limited (英恒科技控股有限公司)
Intron Technology Holdings Limited is a fast-growing automotive electronics solutions provider in China focuses on providing solutions targeting critical automotive electronic components applied in New Energy, Automated Driving, Connectivity, Body Control, Safety and Powertrain systems. The Group utilises its research and development and engineering capabilities to provide solutions incorporating advanced semiconductor devices to help OEMs achieve industry leading performance. Intron Technology has been included in the MSCI China Index from 30 November 2022.
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