
Shenzhen Inovance Technology Co Ltd
SZSE:300124

Shenzhen Inovance Technology Co Ltd
Tax Provision
Shenzhen Inovance Technology Co Ltd
Tax Provision Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Tax Provision | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
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Shenzhen Inovance Technology Co Ltd
SZSE:300124
|
Tax Provision
-ÂĄ392.1m
|
CAGR 3-Years
-19%
|
CAGR 5-Years
-48%
|
CAGR 10-Years
-17%
|
|
C
|
China International Marine Containers Group Co Ltd
SZSE:000039
|
Tax Provision
-ÂĄ2.4B
|
CAGR 3-Years
21%
|
CAGR 5-Years
5%
|
CAGR 10-Years
-16%
|
|
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Jiangsu Hengli Hydraulic Co Ltd
SSE:601100
|
Tax Provision
-ÂĄ340.8m
|
CAGR 3-Years
1%
|
CAGR 5-Years
-17%
|
CAGR 10-Years
-34%
|
|
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Ningbo Deye Technology Co Ltd
SSE:605117
|
Tax Provision
-ÂĄ305.3m
|
CAGR 3-Years
-78%
|
CAGR 5-Years
-96%
|
CAGR 10-Years
N/A
|
|
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Zhejiang Sanhua Intelligent Controls Co Ltd
SZSE:002050
|
Tax Provision
-ÂĄ580m
|
CAGR 3-Years
-29%
|
CAGR 5-Years
-20%
|
CAGR 10-Years
-16%
|
|
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Shanghai Precise Packaging Co Ltd
SZSE:300442
|
Tax Provision
-ÂĄ43.2m
|
CAGR 3-Years
23%
|
CAGR 5-Years
-54%
|
CAGR 10-Years
N/A
|
Shenzhen Inovance Technology Co Ltd
Glance View
Founded in 2003, Shenzhen Inovance Technology Co Ltd has emerged as a formidable player in the industrial automation sector, brilliantly navigating China's rapid industrial modernization. Born in the technology hub of Shenzhen, Inovance quickly embraced the transformative changes sweeping across manufacturing landscapes worldwide. With an unyielding commitment to innovation and quality, the company carved out a niche for itself by developing and manufacturing a broad range of automation products, from frequency inverters and servo drives to electric vehicle components and motion control systems. This diverse product portfolio not only solidifies its standing in the industrial automation market but also positions it as a critical enabler of technological advancement within industrial ecosystems. At the heart of Inovance’s business model is a concerted focus on research and development, which paves the way for its cutting-edge product innovation. The company harnesses its engineering prowess to tailor solutions that enhance efficiency, reliability, and operational effectiveness for various industries, including textiles, power generation, and elevators. Revenue streams are primarily generated through the sale and integration of these automation solutions, which help businesses optimize processes and reduce operational costs. By continually adapting to evolving market demands and fostering close relationships with its customers, Inovance not only ensures a steady flow of income but also embraces a mission to elevate industrial productivity on a global scale.

See Also
What is Shenzhen Inovance Technology Co Ltd's Tax Provision?
Tax Provision
-392.1m
CNY
Based on the financial report for Sep 30, 2024, Shenzhen Inovance Technology Co Ltd's Tax Provision amounts to -392.1m CNY.
What is Shenzhen Inovance Technology Co Ltd's Tax Provision growth rate?
Tax Provision CAGR 10Y
-17%
Over the last year, the Tax Provision growth was -117%. The average annual Tax Provision growth rates for Shenzhen Inovance Technology Co Ltd have been -19% over the past three years , -48% over the past five years , and -17% over the past ten years .