Shenzhen Inovance Technology (SHE:300124) forecasted 2026 attributable net profit to range between 4.97 billion yuan and 5.40 billion yuan, compared with 4.29 billion yuan the previous year.
The increase of between 16% and 26% is due to strong revenue growth in its new energy vehicle and general automation business segments, according to a Tuesday filing with the Shenzhen bourse.
Operating revenue will rise year over year to between 43.0 billion yuan and 46.7 billion yuan from 37.0 billion yuan.
Shares of the automation company were down 3% in recent trade.
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