According to the investor conference call on September 18th, Shenzhen Inovance Technology (300124.SZ) stated that the company's main segments in the process industry expansion are metallurgy, petroleum, non-ferrous metals, chemical and other segments. This year, the company has performed well in industries such as electrical utilities, chemicals, metallurgy, and papermaking.
Approximately 10% of the company's general automation orders are related to the process industry, and the company's products provided in the process industry are mainly in the field of drives. On the coverage of products, on the one hand, the company continues to improve the coverage of drive products, and on the other hand, it supplements control products. Currently, the demand for domestic substitution and digitalization upgrade is growing in different segments of the process industry. The company believes that through the continuous expansion of products and solutions, there is good growth potential in the field of process industry in the future.
