- Shenzhen Inovance’s net income for the fiscal year stood at 4.74 billion yuan. This reflected a 9.8% year-on-year growth, but fell slightly short of the estimated 4.82 billion yuan.
- The firm’s revenue increased by 32% year-on-year to reach 30.42 billion yuan, surpassing the estimated 29.38 billion yuan.
- Universal Automation’s revenue was significant, hitting 15 billion yuan against an estimated 14.18 billion yuan.
- The company’s Elevator revenue amounted to 5.29 billion yuan, marginally beating the estimated 5.23 billion yuan.
- New Energy Vehicles & Rail Transit segment recorded a revenue of 9.92 billion yuan, significantly higher than the estimated 8.6 billion yuan.
- Other product revenues were lower than anticipated, at 170 million yuan versus an estimated 352.2 million yuan.
- The Earnings per Share (EPS) came in at 1.78 yuan, up from 1.63 yuan per share year-on-year, but slightly below the estimated 1.81 yuan.
- The gross margin was reported at 33.5%, falling short of the estimated 34.7%.
- Shenzhen Inovance declared a final dividend per share of 45 RMB cents.
- In the buy-hold-sell rating, the company received 36 ‘buy’ recommendations, three ‘hold’ and no ‘sell’ ratings.
Shenzhen Inovance Technology Co., on Smartkarma
Analysts on Smartkarma, like Travis Lundy, are bullish on Shenzhen Inovance Technology Co. According to Lundy’s report titled “Mainland Connect NORTHBOUND Flows,” recent data shows net buying led by autos and companies like Shenzhen Inovance. The report highlights Shenzhen Inovance as one of the top 5 companies seeing positive inflows in the market, alongside other notable players like BYD and Beijing Shanghai HSR.
Lundy’s analysis indicates a positive sentiment towards Shenzhen Inovance as it emerges as a significant player in the current market dynamics. This report, along with insights from other independent analysts on Smartkarma, provides valuable information on the company’s performance and investor sentiment, aiding investors in making informed decisions regarding Shenzhen Inovance Technology Co.
A look at Shenzhen Inovance Technology Co., Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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., Ltd. is positioned for strong long-term growth potential according to the Smartkarma Smart Scores. With a solid Growth score of 5, the company is expected to excel in expanding its market presence and increasing its revenue over time. Additionally, the company has shown promising Momentum with a score of 4, indicating positive trends in its stock performance.
While Shenzhen Inovance Technology Co. may not be considered a top value pick or a high dividend yielder with scores of 2 in both Value and Dividend factors, it exhibits moderate Resilience with a score of 3. This suggests the company has a reasonable ability to weather market uncertainties and maintain stability in its operations. Overall, the company’s strengths in growth and momentum position it favorably for long-term success in the automate control products industry.
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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