Innuovo Technology Co., Ltd. Class A
SSZSE:0007958.46
CNY
+0.24
(+2.92%)
ISIN
CNE000000SL5
Return %
Stock
S&P 500
1Y
-19.89
13.14
3Y
47.64
80.78
5Y
65.23
67.74
Capital Structure
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- CEO
- Zhong Hua Wei
- Full Time Employees
- 5,197
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- No. 196, Industrial Avenue Jinhua ZH China 322118
- IPO Date
- Aug 8, 1997
- Website
- innuovo.com
- Similar Companies
- Business
- Innuovo Technology Co., Ltd. specializes in the research, development, production, and sales of NdFeB (neodymium-iron-boron) permanent magnet materials, motor series products, health equipment, and electroacoustic products. Its core offerings include sintered and bonded NdFeB permanent magnets and magnetic components; micro and special motors such as AC, permanent magnet DC, brushless, stepper, and servo motors; electric linear actuators; various types of gear reducers including parallel shaft, worm gear, planetary, and harmonic reducers; motor drivers; and health equipment products featuring electric wheelchairs, elderly scooters, and walkers. The electronic acoustics segment produces speakers and consumer electronics such as true wireless stereo (TWS) earphones, Bluetooth speakers, and soundbars. These products serve industries including automotive, high-end audio, energy-efficient home appliances, traction machines, industrial motors, smart consumer electronics, wind power generation, healthy travel, garden and agricultural machinery, security, and intelligent logistics. The company operates two NdFeB production sites in Hengdian and Ganzhou and maintains a production base in Vietnam for motors, health equipment, and electroacoustic products. Founded in 1997 and headquartered in China, Innuovo Technology engages primarily in the high-tech industry segment with a focus on refining electromechanical products, strengthening magnetic materials, and optimizing downstream applications. Its products are exported internationally, with export ratios of 20-30% in magnetic materials. The company has established strategic partnerships with major raw material suppliers and collaborative ties with mainstream Bluetooth IC solution providers. It is active in new product development, including expanding its electronic acoustics business into in-vehicle high-end audio systems and continuing research in humanoid and industrial robotic applications for future mass deployment. Recent major developments include operational scale expansion marked by increased sales of finished magnetic materials exceeding 6,200 metric tons in 2024—a 15% increase year-over-year—and revenue growth reaching approximately 4.01 billion yuan with a 185.6% increase in net profit attributable to shareholders. The company continues to implement digital and intelligent manufacturing transformations, building smart factories and enhancing brand value. It pursues a global market expansion strategy while optimizing cost and efficiency. Innuovo remains focused on capital market engagement through cash dividends, share repurchases, and strengthening investment value communication. The company operates in the Chinese domestic and overseas markets, supported by subsidiaries focused on magnetic materials production, logistics equipment design and integration, and related technical services. Its client base includes automotive manufacturers, consumer electronics firms, healthcare product markets, and industrial equipment sectors. Innuovo Technology Co., Ltd. is positioned as a comprehensive provider of permanent magnetic materials and electromechanical intelligent manufacturing products with ongoing investments in technology upgrades, diversified product lines, and international growth initiatives.