Yingheng Technology's performance fluctuates and market competition intensifies

Recently, the performance of Intron Technology has fluctuated, mainly due to the intensified market competition. According to the latest annual financial report, Intron Technology achieved operating income of 5.802 billion yuan in 2023, a year-on-year increase of only 20.12%, a 50% decline compared with the same period last year; gross profit was 1.084 billion yuan, a slight increase of only 4.13% year-on-year. In terms of net profit, Intron Technology saw a year-on-year decline of 23.84% in 2023, and the high growth cycle for several consecutive years also came to an end. The gross profit margin of the business has continued to decline from 26.18% in 2005 to 18.68%; the net profit margin has declined from 12% to 5.39%.