Shenzhen Inovance Technology Co Ltd operates within the Electrical equipment & supplies sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Shenzhen Inovance Technology Co Ltd with three other
companies in this sector in China:
Huagong Tech. Company Limited
sales of 4.48 billion Chinese Renmimbi [US$648.25 million]
of which 40%
was Opto-Telecommunicaton Series Parts),
Shenzhen Deren Electronic Co Ltd
(5.85 billion Chinese Renmimbi [US$846.53 million]
of which 58%
was Home Appliances and Consumer Electronics), and
Nanjing Huadong Electron Information Tech.
(5.99 billion Chinese Renmimbi [US$867.35 million]
of which 92%
was Electric Equipment Manufacturing).
During the year ended December of 2017, sales at
Shenzhen Inovance Technology Co Ltd were 4.78 billion Chinese Renmimbi (US$691.18 million).
increase of 30.5%
versus 2016, when the company's sales were 3.66 billion Chinese Renmimbi.
This was the fifth consecutive year of sales increases at Shenzhen Inovance Technology Co Ltd
(and since 2012, sales have increased a total of 300%).
Sales of Control Technology saw an increase
that was more than double the company's growth rate: sales were up
96.2% in 2017, from
106.25 million Chinese Renmimbi to 208.47 million Chinese Renmimbi.
Shenzhen Inovance Technology Co Ltd also saw significant increases in sales in
Motion Control Class (up 86.2% to 934.14 million Chinese Renmimbi)
Not all segments of Shenzhen Inovance Technology Co Ltd experienced an increase in sales in 2017:
sales of New Energy fell 6.4% to 1.02 billion Chinese Renmimbi.