- Business
- Shenzhen INVT Electric Co., Ltd. Shenzhen INVT Electric Co., Ltd (stock code: 002334.SZ), founded in 2002 and headquartered in Shenzhen, China, serves as a global provider of industrial automation and energy power solutions, with operations spanning more than 100 countries and regions through over 60 branches and 900 partners. The company offers a comprehensive portfolio of products including variable frequency drives (such as Goodrive series and CHV110 series for injection molding), servo systems, programmable logic controllers (PLC like IVC1 series and ML500 spindle servo), human-machine interfaces (HMI like VT/VK series), elevator control systems, industrial Internet of Things (IoT) solutions, and static var generators (iSVG series); in network power, it provides micro-modular data centers, high-end modular uninterruptible power supplies (UPS), smart UPS, precision power distribution, smart temperature control, and intelligent monitoring systems; for electric vehicles, it supplies motor controllers, onboard power systems (DCDC converters), vehicle chargers, and integrated powertrain solutions for passenger, commercial, and engineering vehicles; additionally, in photovoltaic and energy storage, it delivers grid-tied, hybrid, and off-grid inverters (like iMars BG series), energy storage systems, solar pumps, and operation & maintenance platforms. These offerings target diverse industries such as compressors, lifting and port equipment, 3C electronics, lithium battery manufacturing, semiconductors, steel, oil & chemicals, textiles, cement, printing & packaging, logistics, hydraulic machinery, elevators, new energy vehicles, cloud data centers, finance, telecommunications, healthcare, and photovoltaics, primarily serving OEM manufacturers and end-users seeking energy efficiency and automation. Recent developments include providing CNY 150 million in funding to subsidiary Zhongshan INVT Electric Technology Co., Ltd., completing a share buyback of 9,894,300 shares (1.23% of capital) announced in June 2024 for CNY 62.01 million, winning a China Mobile bid for air-cooled data room equipment through INVT Network Energy, forming a global strategic distribution partnership with Power n Sun for solar products in 2023, opening Suzhou Science and Technology Industrial Park Phase II and starting Zhongshan Industrial Park construction, launching a 20th anniversary corporate culture upgrade with strategic shifts toward business optimization, and achieving 2024 revenue of approximately RMB 4.32 billion with net profit of RMB 287 million amid expansions in electric vehicle and photovoltaic segments.