Inovance to Boost Investment in High-Value Core Businesses in H2
Inovance Technology said on August 31 that it will increase resource allocation to high-value core businesses such as inverters, servos, and PLCs in the second half of the year, capitalizing on structural opportunities from AI investment, rising domestic substitution, and Chinese equipment exports. The company will also advance long-term strategic areas including AI, intelligent robotics, and digital energy, while scaling back low-quality businesses with limited prospects.
Inovance Technology stated at its August 31 earnings call that the company will seize structural market opportunities arising from AI industry investment, rising domestic substitution rates, and the overseas expansion of Chinese equipment in the second half of the year. Accordingly, it will increase resource allocation to high-value core businesses such as inverters, servos, and programmable logic controllers (PLCs).
The company will also continue to advance its long-term strategic business layout in areas including AI, intelligent robotics, and digital energy. At the same time, it will scale back certain low-quality businesses with limited development prospects to achieve resource concentration.