- Shenzhen Inovance reported a net income of 2.12 billion yuan for the first half of 2024.
- This net income represents a 2% increase compared to the 2.08 billion yuan reported for the same period last year.
- The company’s revenue for this period was 16.18 billion yuan, marking a substantial 30% increase year over year.
- Earnings per share (EPS) rose slightly to 79 RMB cents, up from 78 RMB cents last year.
- The stock has strong market confidence with 37 buy ratings, 3 hold ratings, and no sell ratings.
A look at Shenzhen Inovance Technology Co., Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Shenzhen Inovance Technology Co. is positioned for strong long-term growth, as indicated by its impressive Smart Scores. With a Growth score of 5, the company is poised for expansion and innovation in the market. In addition, its Dividend score of 3 reflects a solid payout to investors, enhancing its attractiveness. Although Value and Momentum scores are somewhat lower at 2, the company’s overall picture looks promising.
Shenzhen Inovance Technology Co. focuses on developing and selling automate control products, such as low-frequency converters, servo drives, and programmable logic controllers (PLCs). Its Resilience score of 3 indicates a stable and enduring business model. Investors looking for a company with strong growth potential and a commitment to dividends may find Shenzhen Inovance Technology Co. an appealing prospect based on its Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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