Shenzhen Inovance Technology Co., Ltd., dedicated to R&D, manufacturing and sales of industrial automation control products, is positioned in serving midrange and high-end equipment manufacturers. On the basis of owning industrial automation technologies with proprietary intellectual property rights, Inovance perseveres in import substitution, industry marketing and providing total solution to customers in segment market and achieves growth of both enterprise value and customer value.
Inovance is a hi-tech company and provides a wide business coverage of intelligent equipment & robot, new energy vehicles, rail transit, industrial Internet. Main products include: 1) intelligent equipment & robot core components such as AC drive, servo system, control system, industrial vision system and sensor, and electrical solutions; 2) new energy vehicle power assembly core components such as standalone motor controller, integrated motor controller and auxiliary power system; 3) rail transit traction and control system such as traction converter, auxiliary converter, high-voltage compartment, traction motor and TCMS; and 4) industrial Internet solutions such as intelligent hardware and information management platform. The products are widely used in new energy vehicles, robot/manipulator, 3C manufacturing, elevator, crane, machine tool, metal products, wire and cable, plastics, printing and packaging, textile fiber, construction materials, metallurgy, coal mining, municipal construction, rail transit and photovoltaic.
In the industrial automation product field, Inovance is mainland's biggest medium- to low-voltage AC drive and servo system supplier. In the elevator industry, Inovance is industry leading elevator integrated controller supplier. In the new energy vehicle field, , Inovance is China's leading enterprise of new energy vehicle motor controller.
As hi-tech enterprise, Inovance masters various platform technologies on high-performance vector frequency-variable, PLC, servo and permanent magnetic synchronous motor (PMSM). As of June 30, 2016, it owned 551 patents with certificates, including 139 patents for invention, 337 patents for utility models and 75 patents for appearance. From January to June in 2016, it got 57 patents for invention, 21 patents for utility models, and 15 patents for appearance from the State Intellectual Property Office (SIPO). It submits applications for 192 patents but has not got certificates, including 158 patents for invention, 31 patents for utility models and 3 patents for appearance. It has achieved 120 software copyrights together with subsidiaries.
Invance reached sales revenues of RMB 1.465 billion in 1-6months of 2016 and earned net profits of RMB 389 million. As of June 30, 2016, it had 3,926 employees, amongst which 961 were specialized in research and development, accounting for 24.48% of total staff.
After 12 years' development, Inovance has become leading enterprise in mainland China's industrial automation control field and is in the domestic leading level by sales revenues, profitability and technology innovation.
To improve production capacity continuously and promote sustainable development, on July 4, 2013, Suzhou Inovance started construction of phase 2 project. The project with total investments in workshop of RMB 600 million covers an area of 200 mu and reaches total building area of 300,000 square meters. It contains production workshop, R&D building and customer reception center. The production workshop completed construction after two years' efforts and was put into production on September 17, 2015. This satisfies Inovance's requirements on site in the future, greatly improves production capacity, and helps the company to fly for the second time.