300124.SHE Shenzhen Inovance Tech
- Market cap
- CNY 150B
- P/E
- 29.2x
- P/B
- 3.90x
- ROE
- 15.2%
- Dividend yield
- 0.82%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 300124.SHE undervalued?
Graham number300124.SHE trades 124.9% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Shenzhen Inovance Tech fundamental analysis
No fundamental analysis for Shenzhen Inovance Tech yet.
Shenzhen Inovance Tech stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Shenzhen Inovance Tech
Shenzhen Inovance Technology Co.,Ltd manufactures and sells industrial automation control solutions in China and internationally. It operates through four segments: Industrial Automation and Digitalization, New Energy Vehicle Powertrain Systems, Emerging Industries, and Others. The company offers drive system products, including general-purpose low voltage, industry tailored low voltage, engineering, and medium voltage AC drives; motion control system products comprising ser…
Full company profileShenzhen Inovance Tech financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Shenzhen Inovance Tech annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 3.66B | 4.78B | 5.87B | 7.39B | 11.5B | 17.9B | 23.0B | 30.4B | 37.0B | 45.1B | 50.6B |
| Gross Profit | 1.75B | 2.13B | 2.46B | 2.76B | 4.28B | 6.38B | 7.98B | 9.64B | 10.3B | 13.1B | 14.3B |
| Operating Income | 832M | 1.19B | 1.28B | 1.05B | 2.35B | 3.82B | 4.47B | 5.00B | 4.63B | 5.88B | 6.35B |
| EBITDA | 882M | 1.14B | 1.27B | 1.17B | 2.33B | 3.35B | 3.91B | 4.73B | 5.02B | 6.60B | 6.33B |
| Net Income | 932M | 1.06B | 1.17B | 952M | 2.10B | 3.57B | 4.32B | 4.74B | 4.29B | 5.05B | 5.86B |
| EPS | 0.39 | 0.43 | 0.47 | 0.39 | 0.81 | 1.36 | 1.63 | 1.78 | 1.60 | 1.87 | 2.16 |
| Balance Sheet | |||||||||||
| Total Assets | 7.97B | 9.05B | 10.4B | 14.9B | 18.7B | 27.3B | 39.2B | 49.0B | 57.2B | 71.3B | 77.1B |
| Total Liabilities | 2.99B | 3.32B | 3.80B | 5.95B | 7.67B | 11.0B | 19.1B | 24.0B | 28.7B | 34.2B | 36.7B |
| Shareholders' Equity | 4.72B | 5.43B | 6.34B | 8.62B | 10.6B | 15.9B | 19.8B | 24.5B | 28.0B | 35.4B | 38.5B |
| Cash & Short-term Investments | 4.24B | 2.96B | 2.86B | 3.74B | 4.31B | 6.03B | 9.45B | 9.16B | 5.34B | 7.03B | 6.12B |
| Total Debt | 126M | 208M | 667M | 1.74B | 1.77B | 1.02B | 3.96B | 3.24B | 3.50B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 420M | 492M | 471M | 1.36B | 1.47B | 1.77B | 3.20B | 3.37B | 7.20B | 6.68B | - |
| Capital Expenditure | 137M | 167M | 284M | 251M | 358M | 779M | 1.66B | 1.51B | 2.11B | 3.02B | 3.20B |
| Free Cash Flow | 284M | 324M | 187M | 1.11B | 1.11B | 987M | 1.54B | 1.86B | 5.09B | 3.66B | -2.00B |
| Ratios | |||||||||||
| ROE | 19.8% | 19.5% | 18.4% | 11.0% | 19.7% | 22.5% | 21.8% | 19.4% | 15.3% | 14.3% | 15.2% |
| ROA | 11.7% | 11.7% | 11.2% | 6.4% | 11.2% | 13.1% | 11.0% | 9.7% | 7.5% | 7.1% | 7.6% |
| Net Profit Margin | 25.5% | 22.2% | 19.9% | 12.9% | 18.2% | 19.9% | 18.8% | 15.6% | 11.6% | 11.2% | 11.6% |
| Debt to Equity | 0.03x | 0.04x | 0.11x | 0.20x | 0.17x | 0.06x | 0.20x | 0.13x | 0.13x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Shenzhen Inovance Tech dividends
- Dividend yield
- 0.82%
- Forward dividend
- 0.50 CNY
- Payout ratio
- 24.2%
- Ex-dividend date
- Jun 4, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 1.22B | 0.45 | 24.2% |
| 2024 | CNY 1.32B | 0.49 | 30.9% |
| 2023 | CNY 1.12B | 0.42 | 23.6% |
| 2022 | CNY 790M | 0.30 | 18.3% |
| 2021 | CNY 619M | 0.24 | 17.3% |
| 2020 | CNY 310M | 0.12 | 14.7% |
| 2019 | CNY 331M | 0.13 | 34.8% |
| 2018 | CNY 513M | 0.21 | 43.9% |
| 2017 | CNY 474M | 0.19 | 44.7% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 1.5:1 on Jun 4, 2021.
Who owns Shenzhen Inovance Tech
- Insiders 40.37%
- Institutions 17.70%
- Public & others 41.94%
- Shares outstanding 2.71B
- Free float 1.60B
Shenzhen Inovance Tech company profile
- Company name
- Shenzhen Inovance Tech
- Ticker
- 300124.SHE
- ISIN
- CNE100000V46
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Sep 28, 2010
- Sector
- Industrials
- Industry
- Machinery
- Employees
- 27,292
- Fiscal year end
- December
- Address
- Huichuan Tech Headquarters Building, Shenzhen, China, 518110
- Phone
- 86 75 5831 85787
- Website
- inovance.com
About Shenzhen Inovance Tech
Shenzhen Inovance Technology Co.,Ltd manufactures and sells industrial automation control solutions in China and internationally. It operates through four segments: Industrial Automation and Digitalization, New Energy Vehicle Powertrain Systems, Emerging Industries, and Others. The company offers drive system products, including general-purpose low voltage, industry tailored low voltage, engineering, and medium voltage AC drives; motion control system products comprising servo drives and motors; control system products that include PLCS, I/O modules, and HMIs; industrial general-purpose and industry-specific motors; and industrial vision products, such as industrial cameras, vision software platform, and vision components. It also provides industrial robot systems, including articulator 6-axis robots, SCARA robots, robot control cabinet, and robot optional accessories; elevator controllers; and power conversion systems. It serves the off-highway vehicles, lithium batteries, air conditioning and refrigeration, injection molding machinery, and test equipment industries. The company was founded in 2003 and is headquartered in Shenzhen, China.
Shenzhen Inovance Tech management
9- Mr. Xingming ZhuChairman & President · born 1967
- Ms. Yingxin Liu CPAChief Financial Officer · born 1970
- Mr. Chunlu YangVP & Non-Independent Director · born 1972
- Mr. Hai Bo ShaoVice President · born 1974
- Mr. Bin ZhouVP & Director · born 1976
- Mr. Ruilin LiVice President · born 1973
- Mr. Gaoxiang YiVice President · born 1972
- Mr. Junen SongVP, Secretary & Director · born 1972
- Ms. Xiao Ling WangAccounting Supervisor