On March 13, INVT (002334) issued an announcement that the company planned to issue A shares to specific targets, raising funds of no more than 500 million yuan, and the number of shares issued would not exceed 82.2741 million shares.
The funds raised this time will be mainly invested in the Suzhou INVT Phase III high-end equipment intelligent manufacturing project and the Zhongshan R&D center construction project.
INVT is a professional solution provider focusing on the fields of industrial automation and energy and power.
Focusing on the scenario needs of energy conservation and carbon reduction, intelligent manufacturing, artificial intelligence, digital China and other development directions, we focus on power electronics, automatic control, and information technology, and deepen and expand the application of related products and solutions.
In recent years, INVT’s industrial automation business has continuously strengthened its leading position in the domestic market and rapidly expanded in overseas markets. The company’s industrial automation revenue has continued to grow.
In 2023 and 2024, the output of industrial automation products will be 1.5932 million units and 1.8686 million units respectively, a year-on-year increase of 18.50% and 17.29% respectively. However, the company’s production capacity is insufficient.
The Suzhou INVT Phase III high-end equipment intelligent manufacturing project aims to build a high-end intelligent industrial base and provide solid production capacity guarantee for the company’s continued expansion of its industrial automation business scale.
This project can better undertake R&D technological achievements and transform them into high-end equipment products with market competitiveness, open up the entire chain of “R&D-transformation-manufacturing”, and accelerate the process of technology industrialization.
Specifically, the project plans to use 300 million yuan of raised funds, with Suzhou INVT Power Electronics Co., Ltd., the company’s wholly-owned subsidiary, as the implementation entity, to build a factory for complete series of products such as high and low voltage inverters, servo drives, motors, and PLCs in Suzhou City, Jiangsu Province, including the construction of relevant workshops and supporting facilities, the purchase and construction of digital production lines and related software systems, etc.
The advance layout and continuous accumulation of technology directly determines the core competitiveness and sustainable development capabilities of an enterprise.
INVT said that the Zhongshan R&D center construction project raised this time focuses on cutting-edge research in the fields of network energy, industrial control, etc., such as conducting research and development around cutting-edge directions such as HVDC, SST and liquid cooling involved in the AIDC field, strengthening technical reserves such as power electronics, drive control and system integration, improving cross-platform technology reuse and modular development levels, and shortening the development cycle.
The project plans to use 200 million yuan of raised funds, with its wholly-owned subsidiary Zhongshan INVT Electrical Technology Co., Ltd. as the implementation entity.
The project plans to build a comprehensive product laboratory, professional laboratory and R&D office center in Zhongshan. By purchasing advanced R&D equipment, testing instruments, software, etc., it will systematically build standard compliance testing, application scenario simulation testing and digital testing capabilities to comprehensively improve the company’s comprehensive R&D level.
Looking at the overall market size, according to GII Research data, the global industrial automation market size will be US$251.13 billion in 2025, and is expected to reach US$392.55 billion by 2032, with a compound growth rate of 6.58%.
According to MIRDATABANK data, China’s automation market size will be approximately 283.1 billion yuan in 2025. As the manufacturing industry transforms and upgrades to intelligent manufacturing, it is expected to grow to 294.4 billion yuan in 2028, and the industry as a whole will maintain a stable growth trend.
INVT stated that the construction of this fundraising project aims to alleviate the company’s current production capacity shortage and support the coordinated growth of multiple business sectors by further strengthening R&D investment.
This move is a key measure for the company to consolidate its industrial automation base, seize the AI data center and emerging digital tracks, enhance overall profitability and international competitiveness, and is a practical action to support the company in achieving its strategic vision.
