Shenzhen Inovance Technology (300124) Q4 2025 earnings summary

Executive summary

• Achieved revenue of ¥45.10 billion in 2025, up 21.77% year-over-year; net profit attributable to shareholders reached ¥5.05 billion, up 17.84% year-over-year.

• Industrial automation and digitalization revenue grew 19% to ¥22.25 billion; new energy vehicle powertrain revenue rose 26% to ¥20.32 billion.

• New businesses (intelligent robots, digital energy) delivered 16% revenue growth, reaching ¥1.80 billion.

• Maintained leading market share in core segments: #1 in China for general servo systems (31%), low-voltage inverters (20%), and new energy vehicle powertrain systems.

• Proposed cash dividend of ¥5 per 10 shares, totaling ¥1.35 billion.

Financial highlights

• Operating income: ¥45.10 billion, up 21.77% year-over-year.

• Net profit attributable to shareholders: ¥5.05 billion, up 17.84% year-over-year.

• Operating profit: ¥5.43 billion, up 17.50% year-over-year.

• Basic EPS: ¥1.87, up 16.88% year-over-year.

• Gross margin: 28.95%, up 0.25 percentage points year-over-year.

• Net cash from operating activities: ¥6.68 billion, down 7.21% year-over-year.

• R&D investment: ¥4.26 billion, 9.44% of revenue.

Outlook and guidance

• 2026 revenue and net profit targeted to grow 10–30% year-over-year, with focus on internationalization, digitalization, AI, intelligent robots, and digital energy.

• Strategic priorities: expand high-end product matrix, deepen global market penetration, accelerate AI integration, and enhance system solutions in new energy vehicles.