Huichuan Technology's main business is to provide core industrial automation components and solutions such as frequency converters, servo systems, PLCs/HMIs, high-performance motors, sensors, machine vision, and pneumatic components for automated equipment/automated production lines; to provide comprehensive elevator electrical solutions for the elevator industry; to provide electric drive and power systems for the new energy vehicle industry; to provide traction and control systems for the rail transit industry; and to provide industrial robot products and solutions for automated production lines/workshops/factories.
Huichuan Technology's main products include frequency converters, servo systems, control systems, industrial vision systems, sensors, various motor controllers, auxiliary power systems, traction converters, auxiliary converters, high-voltage boxes, traction motors, TCMS, smart hardware, and information management platforms.
In 2023, Inovance Technology achieved total operating revenue of 30.4 billion yuan, a year-on-year increase of 32%; and net profit of 4.742 billion yuan, a year-on-year increase of 10%. R&D investment reached 2.624 billion yuan, and the company has over 20,000 employees, including 5,482 R&D personnel specializing in core platform technology research, applied technology research, and product development.
