Shenzhen · industrial automation · servos & humanoid joints
Inovance Technology
A leader in Chinese servo, drive and PLC motion control. It spans the robotics value chain from servos and controllers to full robots, and in 2025 launched humanoid joint-module (servo plus reducer) components. Its precision motion-control tech applies directly to humanoid joints, making it a core supplier to Chinese humanoids like UBTech.
300124.SZ Updated Jul 12, 2026 4 AI consumers· 2 recurring
Per the valuechain.wiki graph, Inovance Technology is directly linked to 1 companies (0 supply, 1 revenue relationships) and reaches 2 companies within two hops; the links are backed by 4 dated sources, 1 of them primary filings (as of 2026-07-12).
Financials & Segments
- Total revenue · RMB 45.1bn (FY2025 consolidated, +22%), China's industrial-automation/servo leader
- Customer concentration · Servo+reducer joint modules; supplies UBTech.
- Segments · Servo/drives · PLC/motion control · Humanoid joint modules
Revenue from
- China robots · industrial (servos · PLC) High confidence· Amount ¥45.1B · Inovance FY2025 매출(+22%)
Servos, drives and PLCs to Chinese robotics and industrial automation — the No.1 servo maker's core industrial revenue.Confirms EN Robotics & Automation News Published Sep 25, 2025: Inovance targets humanoid components and servo - UBTech Robotics Medium confidence· Amount ¥45.1B · Inovance FY2025 매출(+22%)
Supplies servos and joint modules to Chinese humanoids like UBTech — a core relationship placing precision motion control in the joint, where humanoid mass production is demand.Confirms EN Robotics & Automation News Published Sep 25, 2025: Inovance targets humanoid components and servo - EV · new energy (drives) Medium confidence· Amount ¥45.1B · Inovance FY2025 매출(+22%)
Drives and inverters to EV/new-energy — an end-market beyond automation, but the axis exposed to 2026's Chinese EV slowdown.Mentions EN Analyst consensus Published Apr 1, 2026: Inovance (300124) analyst consensus — Buy, target RMB 87.5 (22 firms)Confirms EN Robotics & Automation News Published Sep 25, 2025: Inovance targets humanoid components and servo
Pays to
- manufacturing & capacity expansion (undisclosed) Low confidence· Amount ¥45.1B · Inovance FY2025 매출(+22%)
Motion-control manufacturing and capacity — capex to meet humanoid and industrial demand (undisclosed). - components, materials & R&D (undisclosed) Low confidence· Amount ¥45.1B · Inovance FY2025 매출(+22%)
Power semis, parts and R&D — the cost axis of servo/drive performance, where in-housing parts drives margin (suppliers undisclosed).Confirms EN Robotics & Automation News Published Sep 25, 2025: Inovance targets humanoid components and servo
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Foxconn (Hon Hai) | lead2 | -5.1 | +2.8 | +7.8 | +80.1 | +26.9 | +19.6 |
| UBTech Robotics | lead1 | · | · | · | -21.6 | +95.4 | -38.8 |
| Inovance Technology | node | -5.1 | +19.2 | -20.9 | +8.4 | +24.8 | -20 |
YTD as of 2026-09-04 · source: Yahoo Finance
Inovance Technology operates across Shenzhen, industrial automation, servos & humanoid joints. After +24.8% in 2025, it corrected -20% in 2026. The stock (-20%) and its demand side (avg -38.8%) are moving in step. Its precision motion-control tech applies directly to humanoid joints, making it a core supplier to Chinese humanoids like UBTech.
Analysis generated from returns as of 2026-09-04Analyst ratings
Consensus: Buy 2 · Hold 0 · Sell 0 · Avg. target ¥91 · Price ¥59.31 (09-04) · Upside +53%