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Revenue for the first three quarters rose 25% year-on-year to CNY 31.7 billion, with net profit up 27%. Growth was led by Industrial Automation and NEV, though Q3 profit slowed due to NEV headwinds. Strategic focus is expanding to Intelligent Robots and Digital Energy Management.
Based on Shenzhen Inovance Technology Co., Ltd Class A [300124] Q3 2025 Audio Transcript — Oct. 24 2025
Revenue and net profit grew 24.67% and 26.84% year-over-year, driven by strong new energy vehicle and automation business sales. Cash flow and asset base expanded, with significant capital raised via a subsidiary IPO.
Original document: Shenzhen Inovance Technology Co., Ltd Class A [300124] Report Release — Oct. 24 2025
China is dominating the global industrial robot market, Morgan Stanley analysts say in a research note. Global stocks of industrial robots rose 9% in 2024 to 4.66 million units, 2 million of which belonged to China, they say. MS estimates that 55% of robots globally are produced in China. Meanwhile, collaborative robots and service robots are opening up new application scenarios enabled by generative AI, they say. Service robots have seen booming demand as well, given a shortage of workers and increased reliability in digitalized factories, they note. Among the Chinese robot producers, MS prefers Beijing Geekplus Technology and Shenzhen Inovance Technology. (sherry.qin@wsj.com)
Revenue rose 26.73% and net profit jumped 40.15% year-over-year, led by strong new energy vehicle and automation segments. Overseas revenue surged 39%, while digitalization and AI initiatives advanced.
Original document: Shenzhen Inovance Technology Co., Ltd Class A [300124] Interim report — Aug. 26 2025
Shenzhen Inovance Technology has an average rating of overweight and mean price target of 77.48 yuan, according to analysts polled by FactSet.
Revenue grew 21.8% to RMB 37.04 billion, led by a 70% surge in NEV business, while net profit fell 9.6% due to margin pressure and investment losses. The company targets 10–30% revenue growth in 2025, focusing on NEV, digitalization, and global expansion.
Original document: Shenzhen Inovance Technology Co., Ltd Class A [300124] Annual Report — Apr. 29 2025
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