IQOS Device Maker IntreTech Releases 2023 Semi-Annual Report

Market by 2FIRSTS.ai
Aug.21.2023
IQOS Device Maker IntreTech Releases 2023 Semi-Annual Report
IntreTech, a proxy manufacturer for IQOS, reported a 19.4% decrease in H1 revenue and a 40.82% decrease in net profit.

On the evening of August 18, IntreTech released its semi-annual performance report, stating that its operating revenue for the first half of 2023 was approximately 1.844 billion yuan, a decrease of 19.4% compared to the same period last year. The net profit attributable to shareholders of the listed company was approximately 203 million yuan, a decrease of 40.82% year-on-year.

 

From January to December of 2022, Intretech's revenue composition was as follows: 97.8% from the electronics manufacturing industry and 2.2% from technical research and development services.

 

According to reports, IntreTech is producing IQOS components for Philip Morris International (PMI).

 

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