Shenzhen Inovance Technology Co., Ltd. (Inovance Technology, stock code: 300124) is a leading high-tech enterprise specializing in industrial automation and new energy-related products. Founded in April 2003 and headquartered in Shenzhen, China, the company is publicly listed on the Shenzhen Stock Exchange. It has experienced rapid growth, evolving from a drive technology specialist into a comprehensive solutions provider.
Core Technologies & Product Portfolio
Inovance's core strategy focuses on the "five layers" of technology: information, control, drive, execution, and sensing. Its diverse product portfolio and business segments encompass General Automation, Servo Systems, Programmable Logic Controllers (PLCs), New Energy Vehicle (NEV) powertrains, and Rail Transit traction systems. The company is committed to significant R&D investment, allocating 2.624 billion CNY in 2023 alone and holding over 3,297 patents and software copyrights.
Global Reach & Market Leadership
With a global team of more than 20,000 employees and subsidiaries in over 10 locations including Suzhou and Nanjing, Inovance has a strong domestic and international presence. The company achieved a notable revenue of 42.97 billion USD in 2024, earning it a spot on the Fortune China 500 list. Through its core technologies and "import substitution" strategy, Inovance has established itself as a domestic leader in the industrial automation control field.
