https://www.xrjplcdcs.com 2023/2/24 9:55:15 Source: China Securities News

On the evening of February 21, INVETON announced that its wholly-owned subsidiary Suzhou INVETON Power Electronics Co., Ltd. signed a Letter of Intent for Strategic Cooperation with the Management Committee of Suzhou Science and Technology City, intending to invest in the construction of the third phase of INVETON Suzhou Industrial Park in the Science and Technology City of Suzhou Hi-Tech Zone, and to build intelligent production plants and supporting facilities. The total investment of the project is about 1.05 billion yuan.

Build intelligent production line

According to public information, INVITEM focuses on industrial automation and energy and power. With the continuous development of control engineering, computer software, embedded software, power electronics and other disciplines, modern industrial automation technology is becoming increasingly perfect. Based on the idea that information drives industrial production, intellectualization, miniaturization, networking, platformization and integration will become the main direction of industrial automation technology development.

According to the announcement, the Phase III project of Suzhou Industrial Park is mainly used to undertake the industrial transformation of the R&D achievements of the Phase II R&D center based on the industrial control field platform and the energy and power field platform, and to build a high-end equipment intelligent industrial base by building intelligent production lines, integrating product resources and other measures, so as to meet the needs of the continuous expansion of the company’s business scale and make the Suzhou Industrial Park become an industrial platform for industrial automation products and services, Drive the extension and development of the upstream and downstream industrial chain, and further improve the company’s competitive strength.

Yingweiteng said that the company will rely on the application of advanced industrial Internet technology to comprehensively upgrade the R&D design, production and manufacturing, digital intelligence, operation and management, and build a more intelligent high-end equipment manufacturing system in the third phase of Yingweiteng Suzhou Industrial Park. After the completion of the third phase project, it will form a strong support for the company’s industrial automation business and new energy business, help improve the company’s R&D strength, production and marketing scale, software and hardware environment, improve the company’s overall image and competitiveness, and comply with the company’s long-term development plan.

Code adding industrial automation

According to the previously disclosed performance forecast, Inviton expects to achieve operating revenue of 4.1 billion yuan in 2022, with a year-on-year increase of about 37%; The net profit attributable to the parent company was 260 million – 300 million yuan, up 43% – 65% year on year. As for the main reasons for the performance growth, the company said that the income of industrial automation, network energy, photovoltaic energy storage, and new energy vehicles all achieved corresponding growth during the reporting period.

Industrial automation refers to the widespread use of automatic control and automatic adjustment devices in industrial production to replace manual operation of machines and machine systems for processing and production. It is the general name of information processing and process control. As an important part of high-end equipment such as the Internet of Things and robots, the global industrial automation industry has developed rapidly in recent years. According to the statistics and prediction of Harris Williams, the scale of the global industrial automation market is about 175 billion dollars in 2020, and is expected to increase to 265 billion dollars by 2025.

It is understood that INVITEM’s industrial automation products mainly include frequency converters, servo systems, motors, controllers, etc. Among them, the medium-voltage frequency converter is applied to the mining industry shearer, continuous mining machine, shuttle car, conveyor, hoist, winch and other equipment; High-voltage frequency converter is applicable to energy-saving speed regulation and process improvement of high-voltage asynchronous motor and synchronous motor. In addition, the company also designs special structures and functions according to the characteristics of various industries, such as providing solutions for air compressor, photovoltaic water pump, construction, port, mining and other industries.

According to the record sheet of investor relations activities disclosed recently by INVETON, the company has adjusted the industrial automation business structure, established industrial automation business group, realized the unified management of domestic sales and overseas sales in this field, and promoted the integration of business and management. At the same time, through business integration, the industrial automation business group will realize the integration of research, production and marketing, and improve the quality of service to customers.