Inovance(300124)2024-11-18 09:43Group 1: Investor Relations Activities - The report details various investor relations activities conducted by Huichuan Technology from October 31 to November 15, 2024, including phone conferences, on-site research, and roadshows [1][2][3][4][5][6][7][8]. - A total of 31 participants attended the roadshow on November 6, 2024, which included major investment firms such as GIC Private and Hillhouse Investment Management [2]. - The company engaged with 29 participants during a strategy meeting on November 15, 2024, involving various asset management firms [5]. Group 2: Market Performance and Strategy - The low-voltage inverter market in China was valued at approximately 14.3 billion yuan in the first half of 2024, showing a year-on-year decline of 7.8% [5]. - Huichuan Technology's market share for low-voltage inverters increased to about 19.6% in 2024, reflecting a positive trend despite overall market weakness [5]. - The company reported a year-on-year order growth exceeding 40% in the general automation sector during the first three quarters of 2024, indicating successful penetration into lower-tier markets [6]. Group 3: Future Outlook and International Expansion - The company anticipates that the national policy for large-scale equipment updates will drive demand for its automation-related products, particularly in the industrial sector [6]. - Huichuan Technology is focusing on internationalization as a key strategy, with plans to establish localized production and sales centers in regions such as Europe and India [7][8]. - The overseas revenue from the smart elevator business was approximately 600 million yuan in the first three quarters of 2024, with expectations for gradual growth as production capacity expands [8].