Inovance Technology overview

Inovance is one of China's most important industrial automation companies, supplying servo drives, PLCs, motion controllers, inverters and industrial control technologies. While not primarily known globally as a robot arm brand, it is strategically significant because robot builders and automation machinery depend on motion-control components.

Company fact	Detail
Founded	2003
Country	China
Address	Shenzhen, Guangdong
Employees	Approx. 20,000+ globally
Specializes in	Industrial automation, servo drives, PLCs, motion control, robotics components and factory systems
Products	servo drives, PLCs, HMIs, motion controllers, inverters, industrial robots components, automation platforms
Typical projects	Machine automation, elevator control, industrial robots support, packaging machinery, electronics production, servo-based motion platforms, smart manufacturing in China
Management and ownership	Shenzhen Inovance Technology is publicly listed in China. Founder/Chairman: Zhu Xingming has been publicly associated with the company. Ownership includes founder-related holdings and public shareholders.

Website: www.inovance.com

Inovance Technology review summary

Inovance Technology is one of China's largest industrial automation companies and the country's second-largest domestic producer of industrial robots. It was founded in 2003 by a group of former Huawei engineers and reported revenue of CNY 30.4 billion for 2023. This profile sets out its history, results, products and listing.

Verified key facts from the review

Fact	Detail
Company	Shenzhen Inovance Technology Co., Ltd.
Founded	April 2003
Founder	Zhu Xingming, with other former Huawei engineers
Headquarters	Shenzhen, Guangdong, China
Employees	23,685 in 2023
Revenue	CNY 30.42 billion in 2023
Net income	CNY 4.78 billion in 2023
Stock listing	Shenzhen Stock Exchange: 300124