Summary by Futu AI
Intron Tech Holdings Limited (Stock Code: 1760) released its financial report on June 30, 2024, showing that the company's annual revenue for the year ending June 30, 2024 increased by 16% compared to the previous year, reaching 12,529.67 million yuan. However, the company's gross margin decreased from 20.6% in the previous year to 15.9%, a decrease of 4.7 percentage points. In terms of net profit, the company's net profit for the same period decreased from 5,409.56 million yuan in the previous year to 4,519.66 million yuan, a decrease of 16%. In addition, the company's R&D investment continues to increase, reflecting its product innovation and technological upgrades. Intron Tech has made progress in the fields of Advanced Driver Assistance Systems (ADAS), Battery Management Systems (BMS), and Microcontroller Units (MCU), and plans to launch 4D radar and Level-3 autonomous driving technology by 2025. The company also focuses on ESG performance, with a score of 23.7 according to Sustainalytics, an improvement from the previous year.