(Hong Kong, 27 March 2026) – Intron Technology Holdings Limited ("Intron Technology" or the "Group"; HKEX: 1760), a leading automotive electronics solutions provider in China, today announced its annual results for the year ended 31 December 2025. During the year, Cloud Server-Related Solutions and Electric Mobility segments delivered outstanding performance, with the respective revenues surging by 120% and 25% year-on-year. Both segments continued to grow, providing strong support for the Group's future development.
For the year ended 31 December 2025, total revenue of the Group decreased by approximately 9% year-on-year to RMB 6.1 billion. During the year, the Group's gross profit was RMB 755.4 million, representing a gross profit margin of 12.5 % (2024: 14.5%), primarily due to sustained intense market competition and pressure on the automotive semiconductor solutions business caused by industry cycles. The Group proactively implemented structural adjustments to projects within the semiconductor solutions business that had lower gross profit margins and were inconsistent with long-term development requirements, aiming to optimise the overall business structure and profitability. Profit attributable to shareholders of the company for the year amounted to RMB 57.9 million, as compared to RMB 208.6 million in the previous year. The Board has recommended payment of a final dividend of HK1.82 cents per share for 2025, keeping its dividend payout ratio at 30%.
During the year, the Group conducted a systematic review and optimization of its business structure. Under the new business framework, the Company's operations focus on two core businesses: semiconductor solutions and automotive electronics products, to provide a clearer picture of the Group's scale, growth structure, and long-term strategic layout. During the year, the semiconductor solutions business recorded revenue of RMB 4,455.3 million, accounting for 73.6% of total revenue, representing a 16% decrease compared with the same period last year. The automotive electronics business recorded revenue of RMB 1,602.1 million, accounting for 26.4% of total revenue, representing a 13% year-on-year increase.
Mr Davy Luk, Chairman, Co-CEO and Executive Director of Intron Technology, said, "Starting with its semiconductor solutions business, the Group has gradually expanded into the automotive electronics sector. From thermal management smart actuators and PTC controllers – which have a lower per-vehicle value – to MCU and BMS, and now power bricks of higher per-vehicle value, we have achieved significant breakthroughs in per-vehicle value, propelling it onto the Group onto a fast track of development. In 2026, the domestic new energy vehicle market is expected to face challenges due to factors such as the phasing out of purchase tax incentives. The Group is deeply engaged with key clients. With the scaled delivery of self-developed products such as power bricks, the Group's automotive electronics business revenue is expected to increase."
In the semiconductor solutions business, during the year, the automotive-related solutions segment recorded revenue of RMB 3,895.6 million, accounting for 64.3% of total revenue and representing a 21% decrease from the same period last year. The automotive semiconductor solutions business faced pressure primarily stemming from industry cycles and significant profitability challenges in the downstream automotive manufacturing sector. During the year, the Group entered into a strategic partnership with eSOL Co., Ltd., a leading real-time embedded software developer. Through this collaboration, the Group will be able to integrate eSOL's highly secure, scalable real-time operating system (RTOS) platform, efficient development tools and related products into Intron’s automotive electronics and software solutions business. Both parties will provide technical support and services jointly to Chinese customers and OEMs to fuel software technology innovation, application ecosystem development and the advancement of next-generation software-defined vehicles in China's automotive market.
As artificial intelligence increasingly permeated daily life, demand for AI servers continued to grow, driving a year-on-year increase of 120 % in revenue from cloud server-related electronics solutions, reaching RMB 467.8 million, accounting for 7.7% of total revenue. Looking ahead, in addition to power supply solutions for AI core components, there is also expected to be a significant expansion in demand for high-speed signal chain integrity products. The Group will continue to optimise resource allocation and deepen R&D and innovation of core technologies to enhance service capabilities and capitalise on growth opportunities in AI-driven cloud server-related solutions.
In the automotive electronics business, the Group's electric mobility segment (comprising motor controllers, power bricks and battery management systems) recorded revenue of RMB 832.6 million, accounting for 13.7% of total revenue and representing an increase of 25% from the same period last year. The segment has maintained its rapid growth momentum and achieved continuous breakthroughs in securing design contracts.
The core "Motor Control Unit Power Brick" component developed by the Group has achieved industry-leading levels in key metrics such as power density, integration and reliability, and has made breakthroughs in power semiconductor application technology and control. Unlike traditional power module solutions, this system solution offers a higher degree of integration, helping customers reduce additional costs associated with system deployment. The product is currently in the ramp-up phase of mass production, with capacity steadily increasing. It has achieved mass production for high-end domestic electric vehicle brands and has been selected for use in designs by at least seven top automakers. Significant progress has been made in the automotive electronics sector, with the power brick business realising a substantial increase in its per-vehicle value. It is expected to become a key driving force of business growth in 2026.
The Group's thermal management segment primarily includes controller products such as thermal management smart actuators, PTC controllers and air compressor controllers.The Group, leads the industry in the thermal management controller sector. During the year, the thermal management business recorded revenue of RMB 549.4 million, accounting for 9.1% of total revenue and representing an increase of 5% from the prior year. The Group’s thermal management business maintained steady growth.
During the year, the smart mobility segment recorded revenue of RMB 137.1 million, accounting for 2.3% of total revenue and representing an increase of 3% from the previous year. The Group actively invested in the R&D of solutions related to Horizon Robotics' Journey® 6 and launched MADC4.0, a next-generation system-level domain controller solution based on the Journey® 6E/M platform. The solution deeply integrates Horizon Robotics' next-generation automotive intelligent computing solution, Journey® 6E/M, with Infineon's AURIX™ microcontroller, strengthening various security systems, including hardware and software security, system security, functional safety and information security. Together with the supporting firmware and middleware, which were also developed in compliance with high functional safety standards, it establishes a comprehensive security mechanism. The Group has launched a front fusion perception solution that supports the Journey®6 and GPU computing platforms. The solution uses advanced BEV + Transformer technology and front fusion architecture to effectively enhance intelligent driving perception capabilities. By integrating 4D millimeter-wave radar, camera systems and sensor fusion algorithms, it aims to establish a high-performance, low-cost and widely adaptable intelligent driving perception fusion system.
R&D is a core part of the Group's development strategy. In 2025, R&D expenses for the year increased by 3% year-on-year to RMB 508.6 million, accounting for approximately 8.4% of the Group' s revenue. As at 31 December 2025, the Group had a total of 1062 full-time R&D technicians, representing 71.7% of the total employees of the Group. During the same period, the Group had a total of 426 patents and 369 software copyrights, an increase of 68 and 42, respectively, over the same period last year.
During the year, the Group secured several design contracts in the areas of chassis and safety systems, with solutions covering steer-by-wire, air suspension and chassis domain controllers. Meanwhile, Infineon Technologies (Shanghai) Co., Ltd. and the Group formally announced the joint establishment of the Innovation Application Center. The facility will focus on the industrial, robotics, consumer electronics and automotive sectors, delivering customised technology solutions and full-lifecycle value-added services to customers. In the embodied intelligence sector, the Group has successfully developed the GRC1.0 high-performance controller solution based on D-Robotics' powerful RDK S100 intelligent computing platform; In terms of supporting testing and validation for mass delivery, the R&D Testing and Validation Center continued to undertake and meet the Group's diverse testing and validation demands for electronic control products, and received over 800 orders for the testing of power brick products.
Construction has begun on Phase II of the Group's "New Energy Vehicle Powertrain Assembly Electronic Control Unit Project" in Nantong, Jiangsu, with commissioning expected in 2026. It will focus on advancing new product R&D, upgrading and expanding the manufacturing workshop and testing centre, and further developing high-end R&D and manufacturing capabilities for electronic control PCBA, power bricks, and other components. Concurrently, a higher-standard laboratory will be constructed to provide robust support for continuous innovation and technological iteration.
Mr Eddie Chan, Co-CEO and Executive Director of Intron Technology, said, "As the impact of the phasing out of purchase tax reductions gradually subsides, the overall development of the automotive industry and the deepening transition towards intelligentisation and electrification will sustain stable growth in demand for electric mobility, smart mobility and thermal management solutions. The Group will have the opportunity to develop more competitive products and optimise its product portfolio to cater for the needs of emergings, ultimately driving business stabilisation and recovery. The Group will continue to intensify its R&D efforts to consolidate its industry-leading position. While deepening its presence in the domestic market and strengthening its development foundation, the Group will also accelerate its global expansion. Driven by core technological advantages, the Group is committed to realising long-term sustainable growth and delivering greater investment value to shareholders."
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About Intron Technology Holdings Limited (1760.HK)
Intron Technology Holdings Limited is a leading 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 leverages its engineering and R&D expertise, combined with advanced semiconductor devices, to offer industry-leading productized solutions for customers, thereby fostering the sustainable development of Automotive Industry in China. Intron Technology has been included in the FTSE Global Equity Index Series ("GEIS").
For more information, please visit: www.intron-tech.com
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