Inwitten recently disclosed the third quarter report, the company achieved total revenue of 2.899 billion yuan in the first three quarters of 2022, an increase of 36%; Net profit returned to the parent was 162 million yuan, down 0.9% year-on-year; Earnings per share were 0.21 yuan.

In the third quarter of 2022, the company’s main revenue in a single quarter was 1.122 billion yuan, up 41.74% year-on-year; Net profit attributable to mother in the single quarter was 84,048,400 yuan, up 13.66% year-on-year; The non-net profit deducted in the quarter was 757.75 million yuan, up 21.07% year-on-year;

More than 60% of the main business is industrial automation

In early October, Inwitten said in the process of accepting investment institutions’ research that more than 60% of the company’s main business income is mainly industrial automation business, mainly differentiated industry solutions + customized technical services + global localization operation + digital management, showing a sustained and stable growth trend.

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In terms of new energy vehicle business, after business integration in the early stage, Inwitten has improved the efficiency of management resource utilization, and concentrated superior resources to focus on new energy vehicle drive control products, powertrain, and new energy vehicle charging, etc. At present, Inwitten new energy vehicle business belongs to the growth business, with gross profit rate equal to the industry average, and the business revenue accounts for a relatively large proportion of commercial vehicles.

In terms of energy storage products, Inwitten’s main products include single-phase energy storage and three-phase energy storage inverters, which can be compatible with mainstream high-current components in the industry, with flexible mode switching and high protection level. Data center business continues to maintain stable growth, Inwitten this year launched VCE series of energy storage dedicated air conditioners, generally applicable to container energy storage, container data centers, small data rooms and other scenarios.

Inwitten announced two new products in the third quarter

In terms of new product development, since September, Inwitten launched RM series 100~3200kVA modular UPS, the main functional highlights are 3.2MW system capacity matching super large data center, power module 100KW/4U, and a new upgrade with the Internet of Things and intelligent monitoring of the large LCD screen, Full range of intelligent detection technology, and battery no center line design.

In addition, Inwitten also launched the RM series 60~1920kVA modular UPS, with intelligent peak power supply, power module 60KW/2U, low-carbon green, efficiency increased to 97%, and battery no center line design and other functional highlights.