Investment Summary
Intron Technology is a fast-growing automotive electronics solutions provider in China,
focusing on providing solutions for new energy vehicles, body control, safety and powertrain
systems, as well as automated & connected vehicles and cloud server related electronics
solutions. The Company has advantageous technologies and market position among
domestic suppliers. Benefiting from the rapid growth of China’s overall new energy vehicle
market, the Company’s gross revenue in 2022 increased to RMB4.8 billion, a sharp rise of
52%. The net profit saw a substantial rise of 105%, reaching RMB410 million. The net profit
margin grew from 6.3% in 2021 to 8.5%. In the future, benefiting from the accelerated
expansion of the new energy vehicle solutions business and the automated & connected
vehicles solutions business, it is expected that the Company’s results will continue to
maintain rapid growth in the next two years.
Company Profile
Intron Technology is a fast-growing automotive electronics solutions provider in China,
focusing on providing solutions targeting critical automotive electronic components applied
in new energy vehicles, body control, safety and powertrain systems. Founded in 2001, the
Company filed for an IPO on the HKEX in 2018, and completed the follow-on offering in 2021.
Based on the market prospects, the Company has strategically built a solutions portfolio in
line with the trend of the automotive industry. Since 2009, the Company has expanded its
business focus from traditional automotive electronics applications (body control, safety and
powertrain systems) to new energy vehicle solutions business. In 2015, it entered the field
of emerging applications such as intelligent vehicles.