Summary by Futu AI
Intron Tech Holdings Limited (the 'Company') announced its unaudited interim financial report for the first half of 2024, with revenue of RMB 2.835 billion, an increase of 8% compared to the same period last year. The gross margin was RMB 0.452 billion, but the gross margin rate decreased to 15.9%, compared to 20.6% in the same period last year. The profit for the period was RMB 95.093 million, a decrease of 37% compared to the same period last year. During the period, the Group continued to expand its research and development capabilities, and invested in new technologies and equipment to enhance product competitiveness. The Board of Directors does not recommend the distribution of interim dividends. As of June 30, 2024, the Group had cash and cash equivalents of RMB 0.732 billion. The Company's share capital is RMB 9.249 million, and reserves amount to RMB 2.352 billion. The Company and its subsidiaries primarily provide electronic component engineering solutions to Chinese auto manufacturers.