Inovance(SZ:300124)2024-09-18 01:31Group 1: Investor Relations Activities - The company conducted multiple investor relations activities from August 28 to September 13, 2024, including roadshows, strategy meetings, and site visits, with a total of 144 participants across various events [2][5][11]. - On August 28, two roadshow events were held with a total of 10 participants from different funds [2]. - On August 29, two strategy meetings were conducted with a total of 6 participants from various funds [2]. Group 2: Key Insights from Investor Interactions - The company's general automation business showed strong performance in traditional industries such as textiles, machinery, and power generation, with a steady growth in orders [11]. - The company maintains a cost advantage over foreign brands through low costs in R&D, marketing, and management, and aims to stabilize product gross margins despite increasing competition [11]. - The company is expanding its product line based on core technology and customer needs, moving from frequency converters to servo systems and electric control systems for new energy vehicles [12]. Group 3: Industry Trends and Future Outlook - The company reported a 10% share of its general automation business coming from the process industry, with strong demand for domestic alternatives and digital upgrades [12]. - The industrial robot business has seen significant growth, driven by a strong sales platform and a diverse customer base, with applications expanding into sectors like 3C, photovoltaics, and lithium batteries [13]. - The company plans to invest up to 5 billion in a new factory for electric vehicle components in Suzhou to meet the growing demand in the new energy sector [13].