Inovance Technology to Increase Investment in High-Value Businesses Such as Variable Frequency Drives and Servos in the Second Half of the Year

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Inovance Technology stated at its earnings briefing on August 31 that in the second half of the year, the company will seize structural market opportunities arising from AI industry investment, rising localization rates, and Chinese equipment going overseas, and increase resource investment in high-value advantageous businesses such as variable frequency drives, servos, and PLCs. At the same time, it will continue to advance the layout of long-term strategic businesses such as AI, intelligent robots, and digital energy, and scale back some low-quality businesses with limited development prospects to achieve resource focus.

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Shenzhen Inovance Tech
300124
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Company plans to increase investment in high-value businesses and scale back low-quality ones, indicating strategic resource reallocation.

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