1. People's Republic of China Stocks

  2. •

    Industrials

  3. •

    Electrical Equipment & Parts
Shenzhen Inovance Technology Co.,Ltd

Shenzhen Inovance Technology Co.,Ltd

300124.SZ
Shenzhen Inovance Technology Co.,LtdCN flagShenzhen Stock Exchange
68.33
CNY
-3.82
- -
185.01BMarket Cap
Shenzhen Inovance Technology Co.,Ltd
300124.SZ
(Shenzhen Stock Exchange)

Recent

price

68.33

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.36
0.45
0.52
0.74
0.95
1.16
1.54
1.95
2.38
3
4.44
6.88
8.74
11.42
13.83
16.7
12.82
Revenue per Share
0.12
0.15
0.14
0.24
0.28
0.34
0.39
0.43
0.47
0.39
0.81
1.37
1.64
1.78
1.6
1.87
1.26
Basic EPS, GAAP
0.05
-0.07
0.1
0.16
0.17
0.25
0.12
0.13
0.08
0.45
0.43
0.38
0.58
0.7
1.9
1.35
-0.89
Free Cash Flow per Basic Share
- -
0.06
0.06
0.1
0.17
0.16
0.17
0.19
0.21
0.16
0.14
0.26
0.34
0.42
0.49
0.45
0.44
Dividend per Share
0.22
0.3
0.45
0.57
0.82
0.96
1.52
1.69
1.96
2.22
2.77
4.14
5.38
6.68
7.76
9.16
9.4
Book Value per Share
1.21
1.05
1.14
1.31
1.48
1.61
1.85
2.09
2.41
2.62
3.3
5.3
6.62
8.27
9.51
12.6
12.81
Tangible Book Value per Share
1,883
2,338
2,317
2,334
2,352
2,380
2,369
2,446
2,465
2,462
2,593
2,608
2,634
2,664
2,678
2,701
2,739
Basic Weighted Avg Shares
675
1,054
1,193
1,726
2,243
2,771
3,660
4,777
5,874
7,390
11,511
17,943
23,008
30,420
37,041
45,105
35,117
Sales/Revenue/Turnover
30.61
29.34
21.62
26.6
24.8
24.6
22.76
23.8
21.23
14.97
20.28
18.46
17.32
16.01
13.31
13.05
12.89
Operating Margin (%)
5
11
22
29
39
47
88
103
138
200
260
309
412
590
759
991
- -
Depreciation Expense
220
340
318
560
666
809
932
1,060
1,167
952
2,100
3,573
4,320
4,742
4,285
5,050
3,455
Net Income, GAAP
11.6
16.11
12.84
14.73
11.01
7.89
6.08
9.22
5.84
4.32
6.91
3.62
3.4
4.49
5.69
4.8
7.46
Effective Tax Rate (%)
32.66
32.26
26.62
32.46
29.71
29.21
25.46
22.19
19.86
12.88
18.24
19.92
18.77
15.59
11.57
11.2
9.84
Profit Margin (%)
2,222
2,258
2,436
2,764
3,014
3,099
3,535
3,917
4,187
4,197
6,478
8,422
9,853
11,604
7,077
13,115
13,180
Working Capital
- -
- -
- -
- -
- -
13
11
- -
90
472
1,440
615
1,886
2,432
3,021
1,784
1,684
LT Debt
2,295
2,514
2,706
3,234
3,646
4,290
4,982
5,725
6,633
8,947
11,016
16,330
20,112
25,001
28,429
37,135
38,173
Total Equity
14.44
10.78
8.63
13.11
14.24
15.64
16.51
18.63
17.79
11.89
18.58
20.69
17.99
17.36
15.17
15.15
10.94
Return on Invested Capital (%)
68.81
52.45
30.09
43.41
35.69
34.28
27.66
24.17
21.85
14.3
24.66
31.35
27.41
23.19
18.18
18.19
12.09
Return on Capital (%)
73.18
61.25
36.72
47.39
40.82
38.32
31.65
27.45
26.08
18.49
33.22
39.74
34.6
29.68
22.22
22.19
14.44
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
2,132
1,395
LT Borrowings
- -
1,572
1,446
LT Finance Leases
- -
211
238
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
2,707
2,707
Market Capitalization
226,284
203,364
183,517

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
43,009
40,907
Cash, Cash Equivalents & STI
- -
12,160
9,709
Accounts Receivable, Net
- -
11,519
10,913
Inventories
- -
8,079
9,267
Total Current Liabilities
- -
29,894
27,727
Payables & Accruals
- -
- -
- -
ST Debt
- -
2,132
1,395
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.5%
28.01%
30.62%
Free Cash Flow
62.35%
42.22%
-28.13%
Net Income, GAAP
25.02%
21.81%
17.84%
Sales/Revenue/Turnover
32.7%
31.97%
21.77%
Total Cash Common Dividend
15.03%
30.22%
-7.58%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,492
9,691
9,214
11,644
37,041
2025
8,978
11,531
- -
13,442
45,105
2026
10,143
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.3
- -
- -
- -
1.6
2025
0.49
- -
- -
- -
1.87
2026
0.37
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.49
2025
0.01
- -
- -
- -
0.45
2026
0.01
- -
- -
- -
- -
Similar Companies
Servotech Renewable Power System Limited (SERVOTECH.NS)
East Group Co.,Ltd (300376.SZ)
Shenzhen Hemei Group Co.,LTD. (002356.SZ)
Cheryong Electric Co.,Ltd. (033100.KQ)
Meter Instruments Co., Ltd. (301006.SZ)
PowerCell Sweden AB (publ) (PCELF)
Business
Shenzhen Inovance Technology Co., Ltd. (300124.SZ) manufactures and sells industrial automation control products and solutions primarily in China and internationally; the company operates through four main segments including general automation, new energy vehicles, smart elevators, and rail transit. It offers a comprehensive portfolio of core products such as inverters, servo systems, PLC/HMI/CNC controls, industrial robots, high-performance motors, precision machinery, pneumatic components, sensors, industrial vision systems; for new energy vehicles, it provides electric drive systems comprising motors, motor controllers, electric drive assemblies, and power systems including DC/DC converters, on-board chargers (OBC), and power assemblies; in the elevator sector, products encompass integrated controllers, inverters, human-machine interfaces, door systems, control cabinets, cable harnesses, shaft electricity solutions, and elevator IoT platforms; rail transit offerings include specialized automation controls. Founded in 2003 and headquartered in Shenzhen, China, the company maintains global operations with subsidiaries, branches, and distribution networks across Europe, Asia, the Middle East, Africa, and the Americas, serving industries such as off-highway vehicles, lithium batteries, air conditioning, injection molding, and test equipment. Recent developments include a 5 billion yuan ($701 million) investment announced in 2024 for a new factory in mainland China to produce new energy vehicle electric controlling systems, power systems, and general assembly parts; in 2025, it reorganized into new business units for intelligent robots and digital energy management, launched products like linear actuators, planetary rotary actuators, a seven-axis bionic arm, and the AI-powered Innovance Factory Genius (IFG) platform; it also pursues strategic globalization in general automation through partnerships with downstream customers for overseas expansion and industry-specific accounts, alongside earlier efforts such as a Vietnam automation firm acquisition in 2021 and Siemens collaboration for smart factory solutions.