Inovance(SZ:300124) Xin Lang Cai Jing·2025-09-17 03:04Core Insights - The company has shown strong performance in its general automation business, achieving approximately 8.8 billion yuan in revenue for the first half of 2025, representing a 17% year-on-year growth, significantly outpacing the industry average of 1% growth [2][4]. Group 1: Business Performance - The company has successfully capitalized on high-demand sectors such as new energy vehicle components, lithium batteries, logistics equipment, and electric engineering machinery, leading to substantial order growth [2][4]. - The company has implemented a multi-product sales strategy, enhancing its offerings in servo systems and low-voltage frequency converters, which has contributed to its market share growth [2][4]. Group 2: Product Development - The company has increased investment in medium and large PLC products, which are crucial for high-end applications, and currently holds a market share of approximately 5.1% in China, ranking sixth [3]. - The iFA platform, an integrated factory automation software, allows seamless integration from equipment to production lines, significantly reducing debugging costs and time for industrial clients [4]. Group 3: Research and Development - The company plans to allocate 8% to 10% of its revenue to R&D, focusing on software development, overseas market products, and humanoid robotics [5][7]. - The company is actively developing components for humanoid robots, including motors and actuators, tailored to manufacturing scenarios [7]. Group 4: Elevator Business Outlook - The elevator business is considered mature, with plans to enhance growth through international expansion and comprehensive solutions for elevator systems [8]. - The company aims to tap into the after-service market for elevators, driven by the increasing demand for maintenance and upgrades in China's growing elevator stock [8].