Inovance(SZ:300124)2023-07-24 23:10Group 1: Investor Relations Activities - The investor relations activities included a total of 63 participants across various events from July 11 to July 19, 2023 [2][3] - Events included strategy meetings with analysts, media interviews, performance briefings, and site visits [2][3] Group 2: Company Strategy and Product Development - The company is transitioning from a hardware-focused to a software-oriented business model, with significant investments in software capabilities over the past two years [4] - Key areas of investment include control layer products such as PLC, CNC, and FA software platforms, as well as digital strategies aimed at enhancing production management efficiency [4] Group 3: Business Performance and Growth - The company reported steady growth in its smart elevator business, driven by increased market share among multinational clients and expansion into overseas markets [5] - The elevator business has shown resilience despite pressures in the real estate sector, with growth supported by comprehensive solutions offered to clients [5] Group 4: Acquisitions and Market Trends - The acquisition of South Korean company SBC aims to enhance the company's multi-product solution capabilities, particularly in precision machinery [5] - The company anticipates growth in the industrial robotics sector, driven by rising labor costs and the need for automation [5] Group 5: New Energy Vehicles and International Expansion - Growth in the new energy vehicle sector is supported by a solid order intake from previous projects, although actual order conversion remains variable [6] - The Hungarian factory, established to meet local supply demands, is expected to begin mass production by the end of the year [6]