As the leading frequency converter company, in 2020, Inovance Technology achieved operating revenue of 11.511 billion yuan, a year-on-year increase of 55.76%; net profit attributable to the parent company was 2.1 billion yuan, a year-on-year increase of 120.62%; net profit attributable to the parent company after deducting non-recurring gains and losses was 1.913 billion yuan, a year-on-year increase of 135.99%.
In the past 7 trading days, Inovance Technology fell by 7.14%, with the highest price at 53.6 yuan, and the total market value decreased by 9.487 billion yuan, with a decline of -38.41% since 2022.
The company is a technology company focusing on the research, development, production, and sales of industrial automation and new energy-related products, positioned to serve mid-to-high-end equipment manufacturers. The company's main products include: ① Industrial automation products serving the smart equipment & industrial robot field, including various frequency converters, servo systems, control systems, industrial vision systems, sensors, and other core components and electrical solutions; ② Core components of the powertrain for new energy vehicles, including various motor controllers, auxiliary power systems, etc.; ③ Traction and control systems for the rail transit field, including traction converters, auxiliary converters, high-voltage boxes, traction motors, and TCMS, etc.; ④ Industrial internet solutions serving the after-sales service market for equipment, including smart hardware, information management platforms, etc.
Inovance: As the leading frequency converter company, in 2020, the company achieved operating revenue of 2.286 billion yuan, a year-on-year increase of 1.98%; net profit attributable to the parent company was 136 million yuan, a year-on-year increase of 145.58%; net profit attributable to the parent company after deducting non-recurring gains and losses was 94.1678 million yuan, a year-on-year increase of 132.34%.
In the past 7 trading days, Inovance fell by 8.38%, with the highest price at 5.68 yuan, and the total market value decreased by 332 million yuan, with a decline of -48.95% since 2022.
Other frequency converter concept stocks include:
Jia Electric: As of April 25 news, Jia Electric's stock price fell by 17.29% within 3 days, with a market value of 4.475 billion yuan, down 4.35%, and the latest quote at 7.47 yuan.
Songzhi Co., Ltd.: As of April 25 news, Songzhi Co., Ltd.'s stock price fell by 4.26% within 3 days, with a market value of 3.438 billion yuan, down 3.01%, and the latest quote at 5.47 yuan.
Step Electric: As of the midday close on April 25, Step Electric's stock price fell by 7.59% within 5 days, with a year-to-date increase of -40.82%, and the latest quote at 6.06 yuan, with a turnover of 29.7679 million yuan.
JiuZhou Group: As of the time of writing, JiuZhou Group (300040) fell by 4.95%, reported at 6.15 yuan, with a turnover of 43.2597 million yuan, a turnover rate of 1.5%, and an amplitude of -4.946%.
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