Recently, Inwitten released the record of investor relations activities, and the company accepted 9 institutions on November 15, 2023, and the types of institutions were other, fund companies, securities companies, and Sunshine private equity institutions.

In the first three quarters of 2023, Inwitten achieved operating income of 3.302 billion yuan, an increase of 13.89%; Net profit returned to the mother was 301 million yuan, up 85.73% year-on-year. Among them, the company’s revenue in the third quarter was 1.097 billion yuan, down 2.24% year-on-year; Net profit attributable to shareholders of listed companies was 79.19 million, down 5.78% year-on-year. Yingweiteng said that the company’s performance growth slowed down in the third quarter, mainly due to the limited growth of new energy business, and the performance growth slowed down, but the overall performance continued to grow in the first three quarters, and the gross margin was stable and the operation continued to improve. The company will actively adjust its business strategy, focus on resources, and improve its performance.

The report shows that in the first three quarters, Inwitten industrial automation business achieved operating income of 1.861 billion yuan, an increase of 9.09%, accounting for 56.36% of the company’s operating income; Network energy business achieved operating income of 596 million yuan, an increase of 13.51%, accounting for 18.06% of the company’s operating income; The new energy vehicle business achieved operating income of 396 million yuan, an increase of 3.82%, accounting for 11.99% of the company’s operating income; Photovoltaic energy storage business achieved operating income of 274 million yuan, an increase of 68.19%, accounting for 8.31% of the company’s operating income.

MDB-8E

It is understood that the main products of Inwitten industrial automation include frequency converter, servo system, motor, controller, human-machine interface, sensor, elevator drive system, industrial Internet and other products. Among them, the company’s low-voltage inverter is widely used in various application fields; Medium voltage inverter is used in mining industry shearer, continuous mining machine, shuttle car, conveyor, hoist, winch and other equipment; High voltage inverter is suitable for high voltage asynchronous motor and synchronous motor energy saving speed regulation and process improvement; Industry special aircraft is designed for the characteristics of various industries dedicated structure and function, for air compressor, photovoltaic water pump, building construction, port, mining, HVAC, emergency power supply, elevator and other industries to provide solutions; Servo system includes general and special servo system, electronic control system, servo motor, etc., can meet a variety of industrial environment and critical system applications; Controller products include PLC and HMI, to provide customers with efficient, accurate, reliable and convenient industrial control products and solutions.

Inwitten said that the company’s inverter mainly has low and high voltage frequency converter, of which the relatively large proportion is low voltage frequency converter, about 80%, the total of high and high voltage frequency converter accounted for about 20%, in recent years, high voltage frequency converter by the project market demand to improve, performance to maintain growth.

Since 2014, Inwiton has laid out its new energy vehicle business, focusing on providing new energy vehicle powertrain solutions for global customers. Its main products include: new energy vehicle motor controller, auxiliary controller, DC/DC converter, motor, vehicle charger, ground charging pile/charger and other products and overall solutions. Through the innovation of technology and structure, the company promotes the development of products to integration, gradually expanding from a single electronic control, power supply, motor products to drive assembly, high pressure box assembly, etc., and then further expanding to “four-in-one” and “five-in-one” products, and the level of integration continues to improve.

The application models of the company’s new energy vehicle products include medium and heavy trucks, light trucks, minivans, passenger cars, special vehicles and construction machinery, and the application program covers all kinds of new energy models such as pure electric, hybrid, hydrogen fuel, and has established long-term cooperative relations with Dongfeng, Geely, Great Wall, Jinlong, Sany, Yutong, FAW and other enterprises. Overall, the company’s commercial vehicle market share is in the forefront of domestic brands, and passenger car projects have obtained batch orders. In terms of products, the company launched IFL hybrid all-in-one controller for passenger car hybrid models, which is the first 4-speed DHT integrated controller in China, and has been equipped with Dongfeng Haohan models.

When it comes to the development measures of the new energy vehicle business, Inwitten said that it will continue to invest in research and development, and continue to build technology and cost competitiveness; In terms of operation, focus on resources, develop new and old customer fixed-point projects, both at home and abroad, while maintaining the stable delivery of projects, continue to accelerate the landing of new orders.

Inwitten said that the company will continue to complement the shortcomings of the business, introduce high-end talents, empower existing personnel, stimulate organizational vitality, and precipitate experience; Continuous improvement of supply chain delivery and quality, etc. Seize market opportunities, and actively expand marketing channels with the development and policy trends of new energy vehicles, photovoltaic and energy storage industries; Continuous product technology iteration, multiple strategies to control costs, and continuous improvement of profitability.