Shenzhen Inovance Tech

Inovance Technology announced on September 24 that its largest shareholder, Shenzhen Inovance Investment Co., Ltd., plans to increase its stake in the company within six months from the date of the announcement, through methods permitted by the Shenzhen Stock Exchange system, with the increase amount no less than 150 million yuan and no more than 200 million yuan. This increase does not set a price range, and methods include but are not limited to competitive bidding and block trading.

Jifeng Shares announced that its controlling subsidiary has secured a passenger car seat assembly project nomination, with an estimated total lifecycle value of 9.2 billion yuan. On the same evening, Halo New Network plans to make an additional investment of 1.265 billion yuan in the Helinger Intelligent Computing Center project, China Life plans to contribute no more than 4.5 billion yuan to participate in a partnership enterprise investing in high-quality unlisted equity in the artificial intelligence and semiconductor sectors, and Digital Zhengtong's wholly-owned second-tier subsidiary plans to purchase servers for 576 million yuan. Biwin Storage completed its first buyback of 1.0447 million shares on the same day at a cost of 222 million yuan; Seres' largest shareholder and its concert parties increased their holdings by 4.1501 million shares, Inovance Technology's largest shareholder plans to increase holdings by 150 million to 200 million yuan, and Chacha Food plans to buy back shares worth 50 million to 100 million yuan. China Railway Signal and Communication won three important railway market projects from July to August, with a total value of approximately 976 million yuan; ST Yitong will have its delisting risk warning removed starting September 29. In addition, Montage Technology's third-largest shareholder WLT plans to reduce its holdings by no more than 2.33 million shares, and Sanan Optoelectronics' actual controller Lin Xiucheng has been criminally detained on suspicion of embezzlement and misappropriation of funds.

On September 11, Sungrow, a global leader in solar and energy storage, sent a product price adjustment notice to downstream customers, announcing that starting September 20 it will raise prices for photovoltaic inverters, energy storage converters, and energy storage systems by 5% to 15%. A reporter from The Paper confirmed with a relevant person in charge of Sungrow's power energy storage product line that the main reason for the price increase is the rise in bulk material prices such as copper and aluminum, and secondarily to curb vicious low-price competition. Sungrow stated that the magnitude of upstream material price increases in this round has continued to exceed expectations, and existing product pricing can no longer cover the comprehensive investment in raw materials, manufacturing, technology iteration and upgrades, as well as after-sales operation and maintenance. This is not Sungrow's first price increase this year. In the first quarter, it and other inverter leaders such as Ginlong Technologies took the lead in raising prices for energy-storage-specific models by 6% to 10%. Since July, more than ten companies along the industry chain, including EVE Energy, Sinexcel, and Inovance Technology, have intensively issued price adjustment notices covering battery cells, converters, and solar-storage-charging equipment, with increases ranging from 5% to 30%. Cost pressure comes from multiple sources: lithium carbonate prices rebounded from a low point of less than 60,000 yuan per ton in mid-2025, and once exceeded 210,000 yuan per ton in June 2026, a cumulative increase of more than 200%. The surge in AI computing power has squeezed wafer production capacity, and prices of key components such as memory chips and IGBTs have generally risen by between 50% and 800%. Tian Qingjun, senior vice president of Envision, expressed opposition to vicious price competition and pointed out that planned capacity expansion for energy storage cells in the industry this year has already exceeded 800 gigawatt-hours, with completed capacity by the end of the year expected to be about 1.2 to 1.5 terawatt-hours, and total planned capacity approaching 2 terawatt-hours, far exceeding real global market demand. At present, price increases along the industry chain are mainly driven by rising costs, and whether the price increases can be accepted by downstream project owners still needs to be observed by the market.

Inovance Technology stated at its earnings briefing on August 31 that in the second half of the year, the company will seize structural market opportunities arising from AI industry investment, rising localization rates, and Chinese equipment going overseas, and increase resource investment in high-value advantageous businesses such as variable frequency drives, servos, and PLCs. At the same time, it will continue to advance the layout of long-term strategic businesses such as AI, intelligent robots, and digital energy, and scale back some low-quality businesses with limited development prospects to achieve resource focus.

Inovance Technology announced that starting from midnight on August 30, it will implement new prices for some digital energy products, covering series such as energy storage converters, converter-booster integrated units, and energy storage integrated systems, with an overall increase of 5% to 15%. The company stated that due to ongoing supply chain fluctuations and changes in the external environment, prices of core components such as non-ferrous metals, PCBs, chips, switches, and battery cells have continued to rise, exceeding normal market fluctuation ranges. Since July, companies in the energy storage industry chain including Hunan Yuneng, EVE Energy, Sinexcel, East Group, Lvneng Huichong, and Daoer Intelligent Control have successively announced price increases, covering areas such as energy storage cells and materials, energy storage converters, and energy storage integrated systems. Inovance Technology achieved operating revenue of 45.105 billion yuan in 2025, with net profit attributable to the parent company of 5.05 billion yuan, representing year-on-year growth of 21.77% and 17.84% respectively. However, in the first quarter of 2026, net profit attributable to the parent company fell 23.39% year-on-year to 1.013 billion yuan. Company executives stated that the development priorities for the digital energy business include overseas energy storage and low-carbon energy management for industrial scenarios. The company has already established overseas energy storage operations in more than 20 countries, which is expected to generate significant revenue from 2026 to 2027.

Jiangsu Jingwei Rail Transit Equipment, a wholly owned subsidiary of Inovance Technology, has jointly invested with natural person Wang Jishuang to establish Qingdao Jingwei Ruijili Rail Transit Equipment in Qingdao. The legal representative of the new company is Wang Jishuang, and its business scope covers urban rail transit equipment manufacturing, motor manufacturing, as well as sales of specialized rail transit equipment, key systems and components, and high-speed rail equipment and parts.