FY23 mostly in-line; Expect easing headwinds in FY24E

Focus Charts Figure 1: Intron's revenue forecast 28% 37% 15% -14% 59%52% 20% 20% 24% -30% -10% 10% 30% 50% 70% 90% 0 2,000 4,000 6,000 8,000 10,000 12,000 2017 2018 2019 2020 2021 2022 2023 2024E2025E (RMB mn) Revenue YoY 0% 20% 40% 60% 80% 100% 2017 2018 2019 2021 2022 2023 2024E 2025E New Energy Body Control Safety Powertrain Automation & Connectivity Cloud Server Service & Others Source: Company data, CMBIGM estimates Figure 2: Intron's revenue breakdown Source: Company data, CMBIGM estimates | --- | --- ...