Earnings Alerts

Shenzhen Inovance Technology Co. (300124) Reports Strong Earnings, with 1Q Net Income Rising 8.6% to 811.1M Yuan Y/Y

  • Shenzhen Inovance reported a Net Income of 811.1 million yuan, an increase of 8.6% from the previous year.
  • This year’s revenue stands at 6.49 billion yuan, which is a significant rise of 36% from last year. This exceeds the estimated revenue which was at 5.82 billion yuan.
  • Earnings per share (EPS) have also seen growth, with current EPS at 30 RMB cents compared to 28 RMB cents from last year.
  • The company’s prospects seem sound with 36 buys and 3 holds. Notably, there have been 0 sells.
  • The values reported including comparisons to past results are all based on original disclosures made by Shenzhen Inovance.

Shenzhen Inovance Technology Co., on Smartkarma

Analyst coverage of Shenzhen Inovance Technology Co. on Smartkarma has been positive, as indicated by Travis Lundy‘s research report titled “Mainland Connect NORTHBOUND Flows: Back to Net Buying Led by Autos, SZ Inovance, HSR.” Lundy’s analysis highlights the resurgence of net buying activities, with notable mentions of Shenzhen Inovance being one of the top 5 companies attracting investor interest. The report also mentions the company’s involvement in the evolving landscape of market flows, particularly in the context of electric vehicles and high-speed rail projects.

This insightful report provides a bullish perspective on Shenzhen Inovance, positioning it alongside other prominent players in the industry. With a focus on net buying trends and key players driving market movements, Lundy’s analysis sheds light on the company’s performance and potential growth opportunities. Investors seeking detailed insights into the market dynamics surrounding Shenzhen Inovance Technology Co. can benefit from the comprehensive research available on Smartkarma, offering valuable analysis by top independent analysts like Travis Lundy.


A look at Shenzhen Inovance Technology Co., Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Shenzhen Inovance Technology Co., a company specializing in automate control products, receives a positive assessment for its long-term outlook based on Smartkarma’s Smart Scores. With a strong emphasis on growth and momentum, Shenzhen Inovance Technology Co. is positioned favorably in the market. The company’s dedication to innovation and expansion is reflected in its high scores for Growth and Momentum, indicating a promising trajectory for future development.

While Shenzhen Inovance Technology Co. shows potential for growth, there is room for improvement in areas such as value and dividend. However, the overall outlook remains optimistic as the company’s products, including low frequency converter, servo drive, and programmable logic controller (PLC), continue to attract attention. With a balanced focus on resilience and momentum, Shenzhen Inovance Technology Co. demonstrates a solid foundation for sustained success in the competitive market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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