Shenzhen Inovance Technology Co.,Ltd

Equities

300124

CNE100000V46

Electrical Components & Equipment

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-16 pm EDT			5-day change	1st Jan Change
61.79 ^CNY	+1.59%		+6.50%	-2.14%

Apr. 04	Shenzhen Inovance's 2023 Profit Jumps 10% as Revenue Grows 32%	MT
Apr. 03	Shenzhen Inovance Technology Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Shenzhen Inovance Technology Co., Ltd. acquired Suzhou Huichuan Mechanical and Electrical Equipment Installation Co., Ltd from Suzhou Huichuan Technology Co., Ltd for CNY 8.1 million.

April 26, 2018

Shenzhen Inovance Technology Co., Ltd. (SZSE:300124) acquire Suzhou Huichuan Mechanical and Electrical Equipment Installation Co., Ltd from Suzhou Huichuan Technology Co., Ltd for CNY 8.1 million effectively on April 27, 2018. Payment will be done in one single installment payable before December 31, 2018. Suzhou Huichuan Mechanical reported net assets of CNY 8.09 million.

Latest news about Shenzhen Inovance Technology Co.,Ltd

Shenzhen Inovance's 2023 Profit Jumps 10% as Revenue Grows 32%	Apr. 04	MT
Shenzhen Inovance Technology Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 03	CI
Tranche Update on Shenzhen Inovance Technology Co.,Ltd's Equity Buyback Plan announced on February 26, 2024.	Apr. 01	CI
Shenzhen Inovance Technology Co.,Ltd announces an Equity Buyback for CNY 100 million worth of its shares.	Feb. 26	CI
Shenzhen Inovance Technology Co.,Ltd authorizes a Buyback Plan.	Feb. 25	CI
Majority of Shenzhen Stock Exchange-Listed Firms Post Profit Growth in 2023	Jan. 31	MT
China Robotics Companies Gain as Government Signals Industry Support	Nov. 03	DJ
Listed Shenzhen Firms Post 7% Drop in Profit, 4% Rise in Revenue in January-September Period	Nov. 01	MT
Shenzhen Inovance Technology Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2023	23-10-26	CI
Shenzhen Stock Exchange Launches SZSE 50 Index	23-10-18	MT
Nomura Adjusts Shenzhen Inovance Technology's Price Target to 76 Yuan From 74 Yuan, Keeps at Buy	23-10-18	MT
Jefferies Adjusts Shenzhen Inovance Technology’s Price Target to 68.33 Yuan From 58.57 Yuan, Keeps at Hold	23-08-23	MT
Inovance Technology’s H1 Profit Rises 5%, Revenue Tops Estimate	23-08-22	MT
Shenzhen Inovance Technology Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-15	CI
Shenzhen Inovance Technology Co.,Ltd implements final profit distribution plan of A shares for 2022, Payable on 12 June 2023	23-06-06	CI
Shenzhen Inovance Technology Co.,Ltd Approves the Cash Dividend/10 Shares (Tax Included) for 2022	23-05-30	CI
Tranche Update on Shenzhen Inovance Technology Co.,Ltd's Equity Buyback Plan announced on April 24, 2023.	23-04-26	CI
Nomura Adjusts Shenzhen Inovance Technology's Price Target to 74 Yuan From 78 Yuan, Keeps at Buy	23-04-26	MT
Shenzhen Inovance Technology Co.,Ltd's Equity Buyback announced on April 24, 2023, has closed with 742,100 shares, representing 0.03% for CNY 45.49 million.	23-04-25	CI
Shenzhen Inovance Technology Co.,Ltd Proposes Cash Dividend for 2022	23-04-25	CI
Inovance Technology’s Q1 Profit Rises 4%; Flat Revenue Misses Expectation	23-04-24	MT
Shenzhen Inovance Technology Co.,Ltd announces an Equity Buyback for CNY 50 million worth of its shares.	23-04-24	CI
Shenzhen Inovance Technology Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-24	CI
Shenzhen Inovance Technology Co.,Ltd authorizes a Buyback Plan.	23-04-20	CI
Shenzhen Inovance Technology Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-01	CI

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Company Profile

Shenzhen Inovance Technology Co., Ltd. specializes in the design, development and marketing of industrial automation solutions and systems. Net sales break down by family of products as follows: - industrial automation systems (87.2%): variable speed drives, frequency converters, inverters, electrical voltage control and monitoring systems, control and drive systems, robots, etc.; - others (12.8%): new energy vehicles and rail transport systems. China accounts for 95.7% of net sales.

Sector

Electrical Components & Equipment

Calendar

2024-04-22 - Q1 2024 Earnings Release

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Ratings for Shenzhen Inovance Technology Co.,Ltd

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

61.79 CNY

Average target price

76 CNY

Spread / Average Target

+23.00%

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Quarterly earnings - Rate of surprise

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