Intron Technology Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2022. 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, as compared to the net profit attributable to shareholders of the company of RMB 200,606,000 for the year ended 31 December 2021. 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.