Shenzhen Inovance Technology Co Ltd Class A

300124: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Shenzhen Inovance Technology Earnings: Industrial Automation Mitigates NEV Parts Margin Pressure

Cheng Wang

May 4, 2026

Inovance’s revenue grew 15% year on year in the fourth quarter of 2025 and rose 13% in the first quarter of 2026, but recurring net profit diverged: up 18% in the fourth quarter and down 15% in the first quarter.

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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.

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Shenzhen Inovance Technology Co Ltd Class A

Shenzhen Inovance Technology Earnings: Industrial Automation Mitigates NEV Parts Margin Pressure

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