On May 25, Inovance Technology (300124.SZ) released an investor relations activity record announcement, announcing that the company’s industrial automation products have made price adjustments based on rising raw material prices.
Deliveries in the first quarter fell short of expectations, but we are accelerating to catch up in the second quarter.
The company stated that the supply side of the industrial automation industry has changed significantly this year, with rising raw material prices, tight delivery times and price adjustments in the industrial chain.
In the field of industrial automation, price transmission is relatively smooth.
Although orders performed well in the first quarter, deliveries failed to meet expectations due to insufficient production capacity preparations.
As for the driving factors for this round of industrial control industry recovery, the company believes that it mainly comes from three aspects.
First of all, AI has driven demand in the industrial chain from materials, PCBs, chips to machine tools, and emerging industries such as energy storage and humanoid robots have also played a driving role.
With the continuous development of AI technology, the demand for industrial control products in various related industries is increasing, promoting the recovery of the industry.
Secondly, the start of the 15th Five-Year Plan has led to an increase in cross-regional national-level investment projects.
The development of these large-scale projects has brought more market opportunities to the industrial control industry.
Finally, the demand for independent controllable products in petrochemical, transportation, energy and other fields has increased.
Under the current international situation, these fields have gradually become more dependent on domestic industrial control products, which has also promoted the development of the industry.
The company pointed out that intelligent robots, digital energy and AI intelligent manufacturing may become a new growth curve in the future.
In terms of humanoid robots, this year we plan to promote 2-3 industrial scenarios into the practical stage.
This will further expand the company’s applications in the field of robotics and enhance the company’s market competitiveness.
In addition, the company is also conducting research and development of data center (AIDC) related products, including power supply units (PSU) and solid-state transformers (SST).
As data centers continue to develop, the demand for these related products is also increasing, and the company’s R&D work is expected to bring new growth points.
In general, Inovance Technology’s increase in the selling price of industrial control products is a reasonable adjustment based on market conditions.
Driven by demand in multiple fields, the industrial control industry is ushering in opportunities for recovery.
The company is actively planning for a new growth curve in the future and is expected to achieve better results in market competition.
