Intretech: Core Vaping Modules Were Mainly in Ramp-Up Stage in Q1, With Greater Revenue Contribution

According to news released today on May 6, Intretech recently told investors during a research briefing, while explaining its vaping business, that its vaping segment performed well in 2022. In Q1 2023, the company’s core vaping modules were mainly still in the ramp-up stage, so their contribution to revenue growth had not yet become clearly visible. At present, production lines for this product in both China and overseas have already been put into operation, and revenue contribution is expected to increase further in Q2.

In 2022, the company secured a complete device project from a vaping customer, achieving full-industry-chain vertical integration from development and design → precision plastic components → core components → complete device assembly. The complete device project is expected to enter mass production in Q3 2023. As core vaping components move into stable mass production and the R&D and mass production progress of the complete device project continues to advance, the company expects its vaping business to account for more than 20% of total revenue in 2023.