Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward
Shenzhen Inovance Technology Co Ltd (Inovance) is an industrial equipment manufacturer. It carries out research, development, manufacture and sales of industrial automation control products. The company’s products include control system, energy storage converter, smart elevator, elevator accessories, elevator door system, elevator panel accessories, industrial wireless network, meter sensor, new energy vehicles, robotic systems, robot optional software and others. Inovance offers after sale services, consultation, and technical support services, among others. The company’s products are used in new energy vehicles, robots and manipulators, 3C manufacturing, elevators, cranes, metal products, wire and cable, plastics, printing and packaging, textile fiber, construction materials, metallurgy, coal mining, municipal construction, rail transit and photovoltaic applications. Inovance is headquartered in Shenzhen, China.
Headquarters
China
Address
Huichuan Technology Headquarters Building, High-tech Industrial Park, Guanlan Street, Shenzhen, Guangdong, 518110
Website
www.inovance.com
Telephone
86 755 83185787
No of Employees
27,292
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
300124 (SHE)
Revenue (2024)
$6.3B
21.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-9.6%
(2024 vs 2023)
Market Cap*
$26.4B
Net Profit Margin (2023)
XYZ
-25.8%
(2024 vs 2023)
* As of and is in US$
Shenzhen Inovance Technology Co Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Industrial Automation | After-sales services |
| frequency converter | Technical Support |
| Servo | Consultation Services |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Financing Agreements | In November, the company and Xiamen C&D invested in Open Security Research. |
| 2022 | Contracts/Agreements | In July, the company agreed to acquire 45.9% stake in Jiangsu Jingwei Rail Transit Equipment Co., Ltd. |
| 2020 | Contracts/Agreements | Inn July, the company and Tianjin Port Group entered into a strategic cooperation agreement to jointly build a green and smart port. |
Competitor Comparison
| Key Parameters | Shenzhen Inovance Technology Co Ltd | Estun Automation Co Ltd | Shenzhen INVT Electric Co Ltd | Shanghai STEP Electric Corp | China Leadshine Technology Co Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | China | China | China |
| City | Shenzhen | Nanjing | Shenzhen | Shanghai | Shenzhen |
| State/Province | Guangdong | Jiangsu | Guangdong | Shanghai | Guangdong |
| No. of Employees | 27,292 | 3,261 | 5,976 | 2,520 | 1,580 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Zhu Xingming | Chairman; President | Executive Board | 2008 | 59 |
| Yang Chunlu | Vice President; Director | Executive Board | 2024 | 54 |
| Zhou Bin | Vice President; Director | Executive Board | 2017 | 50 |
| Song Jun'en | Director; Vice President; Secretary | Executive Board | 2026 | 54 |
| Liu Yingxin | Chief Financial Officer | Senior Management | 2008 | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer