Shenzhen Inovance Technology (300124) Q2 2025 earnings summary

Executive summary

• Achieved revenue of ¥20.51 billion, up 26.73% year-over-year; net profit attributable to shareholders rose 40.15% to ¥2.97 billion.

• Operating profit increased 41.62% year-over-year to ¥3.20 billion; basic EPS was ¥1.10, up 39.24%.

• Growth driven by strong performance in new energy vehicles (NEV) and general automation segments.

• R&D investment reached ¥1.97 billion, representing 9.58% of revenue; 6,118 R&D staff and 3,128 patents/software rights.

Financial highlights

• Revenue: ¥20.51 billion (+26.73% YoY); net profit: ¥2.97 billion (+40.15% YoY).

• Operating cash flow: ¥3.02 billion (+65.24% YoY); total assets: ¥60.36 billion (+5.57% from year-end).

• Gross margin: 30.23%; domestic revenue up 25.95%, overseas up 39.34%.

• Adjusted net profit (excluding non-recurring items): ¥2.67 billion (+29.15% YoY).

Outlook and guidance

• Expects continued growth in NEV and automation, with international expansion and digitalization as strategic focuses.

• R&D and capital investment to remain high to support innovation and market share gains.