China · Delayed Price · Currency is CNY Shenzhen Inovance Technology Co.,Ltd Earnings Call Transcripts
Fiscal Year 2026
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First-half 2026 saw strong revenue growth in industrial automation and emerging businesses, offsetting NEV segment weakness and raw material cost pressures. Strategic focus remains on AI+ automation, overseas expansion, and margin improvement through price adjustments and cost control.
Fiscal Year 2025
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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 driven by Industrial Automation and NEV, though Q3 profit slowed due to automotive headwinds. Strategic focus is expanding to intelligent robots and digital energy management.
Fiscal Year 2024
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Revenue rose 26% year-over-year to CNY 25.4 billion, led by new energy vehicles, while net income grew just 1% due to lower gross margin and higher taxes. Overseas and automation segments showed robust growth, and Q4 is expected to see strong new energy vehicle sales.