Shenzhen Inovance Technology Co. (.SZ)_ Nov IA order growth maintaining at +10% yoy
Counterpoint Research·2024-12-05 02:58
2 December 2024 | 7:05PM CST Shenzhen Inovance Technology Co. (300124.SZ): Nov IA order growth maintaining at +10% yoy Inovance disclosed industrial automation (IA) segment orders were up 10% yoy in Nov 2024 (similar to c.10%+ yoy in Oct) with c.10% mom increase (GSe). The Nov improvement was mainly driven by electric construction machinery, wind power, process industries, non-ferrous metal, air conditioners, rubber & plastics end-markets etc., with battery order maintaining positive yoy while solar orders ...