Shenzhen Inovance Technology (300124) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 19.88% YoY to ¥37.96bn; attributable net income increased 3.38% to ¥4.40bn, while adjusted net income grew 0.49% to ¥3.91bn.

• Q3 revenue and attributable net income grew 19.08% and 23.55% YoY, respectively; adjusted net income declined 5.37%.

Financial highlights

• Q3 revenue was ¥13.28bn, attributable net income ¥1.59bn, and adjusted net income ¥1.15bn.

• 9M operating revenue was ¥37.96bn; net income was ¥4.40bn and adjusted net income ¥3.91bn.

• 9M non-recurring gains were ¥491.1m, largely from equity-investment fair-value changes and wealth-management returns.

Segment performance

• Industrial automation and digitalization sales reached ~¥19.9bn, up ~27% YoY; general automation was ~¥15.9bn, up ~33%.

• General automation included servo systems at ~¥6.9bn, inverters at ~¥4.8bn, and PLC/HMI at ~¥1.9bn; elevator-related products generated ~¥3.8bn, up ~6%.

• New-energy vehicle power systems generated ~¥15.5bn, up ~8%; emerging robotics and digital energy sales were ~¥2.1bn, up ~88%.