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shenzhen inovance technology (300124.SZ): Currently, the proportion of sales of electric drive system products is about 80%.
On October 31, Gelonhui reported that Shenzhen Inovance Technology (300124.SZ) held a performance briefing on October 29, 2024, regarding the product structure of new energy autos business sales. The company stated that the product structure is quite complex, with large categories divided into power systems and electric drive systems. Among them, the electric drive system includes three-in-one/multi-in-one powertrain products, electronic control, electric machines, etc. Overall, electric drive system products currently account for approximately 80% of the company's sales.
Shenzhen Inovance Technology (300124.SZ): It is expected that the new energy vehicle business revenue will continue to achieve good growth in the fourth quarter.
Gelonghui October 31st | Shenzhen Inovance Technology (300124.SZ) held a performance briefing on October 29, 2024, focusing on 'How is the expectation for new energy vehicles in the fourth quarter?' The company mentioned that historically, the fourth quarter is the peak season for the automobile industry, and it is expected that the fourth quarter new energy vehicle business revenue will continue to achieve good growth. At the same time, the gross margin of the new energy vehicle business is relatively low, facing intense market competition. The company is working on improving profitability by increasing scale, tapping potential internally, and enhancing efficiency.
Shenzhen inovance technology (300124.SZ): It is expected that in the heavy industry sector, there will be some project-based equipment upgrade orders starting in the fourth quarter.
Gelonghui October 31st | Shenzhen Inovance Technology (300124.SZ) held a performance briefing on October 29, 2024, regarding the impact of "equipment renewal policies." The company stated that it is expected to have some project-based equipment renewal orders in the heavy industry sector in the fourth quarter, with more equipment updates expected to gradually materialize next year.
Shenzhen Inovance Technology (300124.SZ): The large PLC product is currently in the research and development stage, and is expected to launch a prototype by the end of this year
On October 31, Gleonghui reported that Shenzhen Inovance Technology (300124.SZ) held a performance briefing on October 29, 2024, regarding the 'expansion of the company's PLC products and future market share targets? How is the progress of large PLCs?' The company stated that its PLC products, including small PLCs, medium PLCs, and medium to large PLCs, have all achieved mass sales. The decline in demand from the lithium battery and photovoltaic industries this year has put some pressure on the company's PLC product revenue. However, the growth momentum of the company's PLC in industries such as 3C, machine tools, and metal products is strong, partially offsetting the decline in the photovoltaic and lithium battery industries.
Shenzhen Inovance Technology (300124.SZ): 3C industry orders account for a large proportion, with projects mainly concentrated in the first half of the year.
On October 31, Gelonhui reported that Shenzhen Inovance Technology (300124.SZ) held a performance briefing on October 29, 2024, regarding the 'Industrial Robots' growth rate in the third quarter?'. The company stated that its industrial robots are primarily used in industries such as mobile phones, 3C, lithium batteries, photovoltaics, and autos. The 3C industry accounts for a large proportion of orders, with projects mainly concentrated in the first half of the year, exhibiting a certain cyclical nature, and relatively fewer projects in the third quarter. Looking at the overall performance in the first three quarters, the growth rate of the company's industrial robot products is higher than that of general automation business, making it one of the company's key strategic pillars for the future.
UOB Kay Hian Downgrades Shenzhen Inovance Technology to Hold From Buy; Price Target Is 56 Yuan
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102884128 : getting disappointed with this counter. every day drop.