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Inovance Technology PK INVT Who is the leader in the inverter industry?

 Last Update: 2021-06-29
 Source: Internet
 Author: User

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At present, the leading companies in the inverter industry in China include Inovance Technology (300124) and INVT (002334).
From the perspective of product profitability and corporate R&D efforts, Inovance Technology has performed even better
.

1.
The technological business layout history of INVT and Inovance, a leading company in the frequency converter industry

At present, the leading companies in the inverter industry in China are Inovance Technology (300124) and INVT (002334).
By combing the development history of the two leading companies, it can be found that in expanding the inverter business, INVT mainly optimizes the structure of its subsidiaries.
The layout is more reasonable, and Inovance Technology aims to expand or consolidate its business by increasing its shareholding in other companies
.
The development history of these two companies is as follows:

2.
The layout of frequency converter products: the two are equally indistinguishable

Both INVT and Invitron Technologies have independent inverter sections.
Among them, INVT’s inverter products include low-voltage general-purpose inverters, medium-voltage inverters, and high-voltage inverters.
Invitro Technologies includes general-purpose inverters, multi-drive inverters, and high-voltage inverters.
The product types and scope of application of the two inverters are almost the same.
The specific conditions are as follows:

　　3.
Inverter product revenue: Inovance Technology’s revenue performance is even better

　　From the perspective of the revenue of inverter products, Inovance's inverter products have increased year by year from 2017 to 2020, and will be 3.
5 billion yuan in 2020; INVT’s inverter product revenue will fluctuate during this period.
In 2020, The time is 1.
28 billion yuan, which is less than half of Inovance's technology.
Therefore, in terms of the volume of inverter product revenue, Inovance's inverter products have a stronger revenue capacity
.
Therefore, Inovance's technology is much higher than INVT in terms of market share
.

　　Through the analysis of the gross profit margin, it can be found that the gross profit margin of Inovance technology inverter products from 2017 to 2020 has been higher than that of INVT.
In 2020, the gross profit rate of Inovance technology inverter products is 46.
59% and that of INVT is 41.
28%.
, The difference between the two is 5.
67 percentage points
.
Foresight believes that because the overall output of Inovance's technology is higher than that of INVT, the production cost of a single product will be reduced under large-scale production, which can free up more profit space
.

　　From the perspective of the sales fields of the two companies, Inovance Technology mainly focuses on the domestic market.
In 2020, its domestic market revenue accounted for 95.
7%, and INVT’s domestic market revenue accounted for 72.
81% during the same period
.
In general, Inovance Technology has more advantages in the domestic market
.

　　4.
Comparison of research and development efforts: Inovance has stronger technical research and development strength

　　The production of inverter products is inseparable from the blessing of technology.
The company needs to continuously develop, improve or innovate inverter products, so as to rely on differentiated advantages to seize market shares.
Therefore, the company's R&D efforts can reflect it to a certain extent.
The competitiveness of inverter products
.
In 2017-2020, INVT and Inovance's R&D investment accounted for the proportion of operating income, fluctuating at a level of about 11%, and there has been a downward trend in the past two years
.

　　In terms of the amount of R&D investment, Inovance’s R&D investment in 2020 is 1.
023 billion yuan, while INVT’s is only 254 million yuan.
In contrast, Inovance’s R&D investment is much higher than that of INVT.
This is mainly due to the size of the company itself.
Larger
.
More investment in research and development will help to enhance the enterprise's confidence in innovation.
Therefore, in general, Inovance's R&D strength is relatively strong
.

　　This can be reflected in the number of patents of the company.
In 2020, the total number of patents of Inovance technology totaled 2111, including 338 invention patents, 1207 utility model patents, 353 design patents, and 213 software copyrights; INVT’s cumulative total There are 1,222 patents in total, including 277 invention patents, 474 utility model patents, 201 design patents, and 270 software copyrights
.
It can be seen that Inovance's technology has more obvious advantages in terms of corporate patents
.

Comparison of the number of patents (unit: piece)" width="554" height="404" align="" border="0" />

　　5.
Forward-looking view: Shenzhen Inovance Technology Co.
, Ltd.
is the No.
1 in China's inverter industry

　　Inovance's inverter products generate much more revenue than INVT, and have a greater advantage in market share.
At the same time, the gross profit rate of the company's inverter products can reflect its profitability
.
In addition, the research and development of the frequency converter industry is the key for an enterprise to gain a competitive advantage in the market.
The investment in research and development can well reflect the company's research and development efforts.
Taking these factors into consideration, Inovance Technology is currently the "leading" in the frequency converter industry in China.

.

　　For more industry-related data, please refer to the "Analysis Report on Market Outlook and Investment Strategic Planning of China's Inverter Industry" by Qianzhan Industry Research Institute.
At the same time, Qianzhan Industry Research Institute provides industrial big data, industrial planning, industrial declaration, industrial park planning, industrial investment promotion, IPO fundraising feasibility study, prospectus writing and other solutions
.

　　Dry goods! Comparison of leading companies in China's inverter industry in 2021: Inovance Technology PK INVT Who is the leader in inverter industry?

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