Inovance(SZ:300124)2023-09-03 05:52Group 1: Investor Relations Activities - The company conducted multiple investor relations activities from August 24 to September 1, 2023, including phone conferences and on-site visits [4][5][6][7][8]. - A total of 10 investors from Guangfa Fund participated in a phone conference on August 24, while 5 from PICC Asset Management joined on August 25 [1][2]. - On August 29, 11 participants from E Fund and 15 from Franklin Templeton participated in separate phone conferences [2][3]. Group 2: Market Performance and Product Share - The company achieved a 16% year-on-year growth in the general automation sector during the first half of 2023 despite overall weak downstream demand [5]. - The market shares for the company's general servo systems and low-voltage frequency converters were 24.3% and 17.5%, respectively, ranking first in the domestic market [5]. - The company's small PLC product share reached 15.4%, placing it second in the domestic market and first among domestic brands [5]. Group 3: Robotics and Precision Machinery - The company’s SCARA robot market share was 22%, ranking second in China and first among domestic brands [6]. - The acquisition of South Korean SBC Company enhanced the company's precision machinery offerings, particularly in precision linear guide products [6][7]. - The company is focusing on integrating its industrial robot products with PLC products to improve usability, aiming for "zero debugging and zero programming" [6]. Group 4: Strategic Outlook and Product Expansion - The company plans to continue expanding its product line based on core technology and customer demand, integrating various technologies such as precision machinery and pneumatics [8]. - The strategy includes leveraging existing strengths to provide comprehensive solutions, as seen in the acquisition of Shanghai Best, which complements the company's integrated controllers [8]. - The company is committed to enhancing its competitiveness in the electric vehicle sector by focusing on low-cost, high-reliability solutions [7].