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Shenzhen Inovance Tech
Buy, Hold or Sell?

Let's analyse Inovance together

PenkeI guess you are interested in Shenzhen Inovance Tech. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Shenzhen Inovance Tech. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Inovance (30 sec.)










What can you expect buying and holding a share of Inovance? (30 sec.)

How much money do you get?

How much money do you get?
¥0.06
When do you have the money?
1 year
How often do you get paid?
97.5%

What is your share worth?

Current worth
¥8.56
Expected worth in 1 year
¥9.91
How sure are you?
97.5%

+ What do you gain per year?

Total Gains per Share
¥1.78
Return On Investment
2.9%

For what price can you sell your share?

Current Price per Share
¥61.22
Expected price per share
¥47.00 - ¥70.56
How sure are you?
50%

1. Valuation of Inovance (5 min.)




Live pricePrice per Share (EOD)

¥61.22

Intrinsic Value Per Share

¥4.97 - ¥10.23

Total Value Per Share

¥13.53 - ¥18.80

2. Growth of Inovance (5 min.)




Is Inovance growing?

Current yearPrevious yearGrowGrow %
How rich?$3.1b$2.4b$536.3m18.1%

How much money is Inovance making?

Current yearPrevious yearGrowGrow %
Making money$157.5m$144.1m$13.4m8.5%
Net Profit Margin16.9%20.0%--

How much money comes from the company's main activities?

3. Financial Health of Inovance (5 min.)




4. Comparing to competitors in the Electrical Equipment & Parts industry (5 min.)




  Industry Rankings (Electrical Equipment & Parts)  


Richest
#20 / 464

Most Revenue
#31 / 464

Most Profit
#10 / 464

What can you expect buying and holding a share of Inovance? (5 min.)

Welcome investor! Inovance's management wants to use your money to grow the business. In return you get a share of Inovance.

What can you expect buying and holding a share of Inovance?

First you should know what it really means to hold a share of Inovance. And how you can make/lose money.

Speculation

The Price per Share of Inovance is ¥61.22. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Inovance.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Inovance, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ¥8.56. Based on the TTM, the Book Value Change Per Share is ¥0.34 per quarter. Based on the YOY, the Book Value Change Per Share is ¥0.44 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ¥0.11 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Inovance.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ¥% of Price per Share¥% of Price per Share¥% of Price per Share¥% of Price per Share¥% of Price per Share
Usd Eps0.060.1%0.060.1%0.050.1%0.040.1%0.020.0%
Usd Book Value Change Per Share0.070.1%0.050.1%0.060.1%0.040.1%0.030.0%
Usd Dividend Per Share0.000.0%0.010.0%0.010.0%0.010.0%0.010.0%
Usd Total Gains Per Share0.080.1%0.060.1%0.070.1%0.050.1%0.040.1%
Usd Price Per Share9.20-9.36-8.61-8.65-7.91-
Price to Earnings Ratio35.81-42.19-41.34-75.68-130.03-
Price-to-Total Gains Ratio119.83-159.12-137.38-34.30-253.40-
Price to Book Ratio7.77-8.46-9.54-13.44-23.40-
Price-to-Total Gains Ratio119.83-159.12-137.38-34.30-253.40-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share8.472848
Number of shares118
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.010.01
Usd Book Value Change Per Share0.050.04
Usd Total Gains Per Share0.060.05
Gains per Quarter (118 shares)7.256.15
Gains per Year (118 shares)28.9924.62
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
17221942015
214444884140
3216677136165
42888106178290
53511013521102115
64113216425123140
74815519329143165
85517722233164190
96219925138184215
106922128042204240

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%53.00.00.0100.0%
Book Value Change Per Share4.00.00.0100.0%12.00.00.0100.0%19.01.00.095.0%34.06.00.085.0%44.09.00.083.0%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%39.00.01.097.5%47.00.06.088.7%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%19.01.00.095.0%39.01.00.097.5%52.01.00.098.1%

Fundamentals of Inovance

About Shenzhen Inovance Tech

Shenzhen Inovance Technology Co.,Ltd manufactures and sells industrial automation control solutions in China and internationally. The company offers automated industrial products, including inverters, servo, PLC, human-computer interaction, sensors, motors, PAC intelligent controllers, CNC controllers, and cabinet machines; energy storage systems and industrial power products; industrial robot systems, such as robot system, control cabinet, robot software, robot vision system, precision machinery, and optional accessories; and smart elevator products comprising elevator control cabinets and integrated controllers, elevator dedicated frequency converters, door machine and escalator integrated controllers, and elevator veneer and elevator accessories. It also provides low and medium voltage AC drives; industrial tailored products; servo drives and motors; PLCs and HMIs; motion controllers and I/O modules; elevator and escalator solutions; industrial internet products, which include industrial cloud platform, smart hardware, and IoT screens; new energy vehicles; and rail products. The company's products are used in industrial robots, fluid equipment, lifting, textile, material processing, car parts, precision manufacturing, smart elevator, robot, and industrial vision industries. In addition, it provides after-sales services, maintenance, and pre-sales advice services. The company was founded in 2003 and is headquartered in Shenzhen, China.

Fundamental data was last updated by Penke on 2024-03-25 22:09:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Shenzhen Inovance Tech.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Inovance earns for each ¥1 of revenue.

  • Above 10% is considered healthy but always compare Inovance to the Electrical Equipment & Parts industry mean.
  • A Net Profit Margin of 16.2% means that ¥0.16 for each ¥1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Shenzhen Inovance Tech:

  • The MRQ is 16.2%. The company is making a huge profit. +2
  • The TTM is 16.9%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ16.2%TTM16.9%-0.7%
TTM16.9%YOY20.0%-3.1%
TTM16.9%5Y17.2%-0.3%
5Y17.2%10Y21.4%-4.2%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ16.2%3.7%+12.5%
TTM16.9%3.7%+13.2%
YOY20.0%3.3%+16.7%
5Y17.2%3.2%+14.0%
10Y21.4%3.4%+18.0%
1.1.2. Return on Assets

Shows how efficient Inovance is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Inovance to the Electrical Equipment & Parts industry mean.
  • 2.9% Return on Assets means that Inovance generated ¥0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Shenzhen Inovance Tech:

  • The MRQ is 2.9%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.9%TTM2.8%+0.1%
TTM2.8%YOY3.4%-0.6%
TTM2.8%5Y3.0%-0.2%
5Y3.0%10Y3.2%-0.3%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.9%0.9%+2.0%
TTM2.8%1.0%+1.8%
YOY3.4%0.8%+2.6%
5Y3.0%0.9%+2.1%
10Y3.2%1.1%+2.1%
1.1.3. Return on Equity

Shows how efficient Inovance is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Inovance to the Electrical Equipment & Parts industry mean.
  • 5.5% Return on Equity means Inovance generated ¥0.06 for each ¥1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Shenzhen Inovance Tech:

  • The MRQ is 5.5%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 5.4%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ5.5%TTM5.4%+0.1%
TTM5.4%YOY6.2%-0.7%
TTM5.4%5Y5.3%+0.1%
5Y5.3%10Y5.2%+0.1%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ5.5%1.8%+3.7%
TTM5.4%1.9%+3.5%
YOY6.2%1.7%+4.5%
5Y5.3%1.8%+3.5%
10Y5.2%2.0%+3.2%

1.2. Operating Efficiency of Shenzhen Inovance Tech.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Inovance is operating .

  • Measures how much profit Inovance makes for each ¥1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Inovance to the Electrical Equipment & Parts industry mean.
  • An Operating Margin of 0.0% means the company generated ¥0.00  for each ¥1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Shenzhen Inovance Tech:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM10.9%-10.9%
TTM10.9%YOY16.1%-5.2%
TTM10.9%5Y15.7%-4.8%
5Y15.7%10Y8.9%+6.9%
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.7%-6.7%
TTM10.9%3.3%+7.6%
YOY16.1%4.3%+11.8%
5Y15.7%4.8%+10.9%
10Y8.9%3.7%+5.2%
1.2.2. Operating Ratio

Measures how efficient Inovance is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • An Operation Ratio of 1.47 means that the operating costs are ¥1.47 for each ¥1 in net sales.

Let's take a look of the Operating Ratio trends of Shenzhen Inovance Tech:

  • The MRQ is 1.471. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.491. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.471TTM1.491-0.020
TTM1.491YOY1.484+0.006
TTM1.4915Y1.456+0.034
5Y1.45610Y1.022+0.435
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4711.656-0.185
TTM1.4911.679-0.188
YOY1.4841.676-0.192
5Y1.4561.631-0.175
10Y1.0221.348-0.326

1.3. Liquidity of Shenzhen Inovance Tech.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Inovance is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • A Current Ratio of 1.71 means the company has ¥1.71 in assets for each ¥1 in short-term debts.

Let's take a look of the Current Ratio trends of Shenzhen Inovance Tech:

  • The MRQ is 1.707. The company is able to pay all its short-term debts. +1
  • The TTM is 1.679. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.707TTM1.679+0.028
TTM1.679YOY1.742-0.062
TTM1.6795Y1.915-0.236
5Y1.91510Y1.061+0.855
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7071.912-0.205
TTM1.6791.884-0.205
YOY1.7421.915-0.173
5Y1.9151.994-0.079
10Y1.0611.645-0.584
1.3.2. Quick Ratio

Measures if Inovance is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Inovance to the Electrical Equipment & Parts industry mean.
  • A Quick Ratio of 0.52 means the company can pay off ¥0.52 for each ¥1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Shenzhen Inovance Tech:

  • The MRQ is 0.517. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.700. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.517TTM0.700-0.183
TTM0.700YOY0.847-0.146
TTM0.7005Y0.976-0.276
5Y0.97610Y1.061-0.085
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5170.887-0.370
TTM0.7000.893-0.193
YOY0.8470.962-0.115
5Y0.9760.982-0.006
10Y1.0610.985+0.076

1.4. Solvency of Shenzhen Inovance Tech.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Inovance assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Inovance to Electrical Equipment & Parts industry mean.
  • A Debt to Asset Ratio of 0.47 means that Inovance assets are financed with 46.6% credit (debt) and the remaining percentage (100% - 46.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Shenzhen Inovance Tech:

  • The MRQ is 0.466. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.473. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.466TTM0.473-0.007
TTM0.473YOY0.431+0.041
TTM0.4735Y0.417+0.055
5Y0.41710Y0.347+0.070
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4660.434+0.032
TTM0.4730.448+0.025
YOY0.4310.438-0.007
5Y0.4170.443-0.026
10Y0.3470.432-0.085
1.4.2. Debt to Equity Ratio

Measures if Inovance is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Inovance to the Electrical Equipment & Parts industry mean.
  • A Debt to Equity ratio of 88.8% means that company has ¥0.89 debt for each ¥1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Shenzhen Inovance Tech:

  • The MRQ is 0.888. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.914. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.888TTM0.914-0.025
TTM0.914YOY0.791+0.122
TTM0.9145Y0.751+0.163
5Y0.75110Y0.589+0.162
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8880.760+0.128
TTM0.9140.812+0.102
YOY0.7910.799-0.008
5Y0.7510.821-0.070
10Y0.5890.837-0.248

2. Market Valuation of Shenzhen Inovance Tech

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ¥1 in earnings Inovance generates.

  • Above 15 is considered overpriced but always compare Inovance to the Electrical Equipment & Parts industry mean.
  • A PE ratio of 35.81 means the investor is paying ¥35.81 for every ¥1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Shenzhen Inovance Tech:

  • The EOD is 32.973. Based on the earnings, the company is overpriced. -1
  • The MRQ is 35.812. Based on the earnings, the company is overpriced. -1
  • The TTM is 42.187. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD32.973MRQ35.812-2.838
MRQ35.812TTM42.187-6.375
TTM42.187YOY41.335+0.852
TTM42.1875Y75.677-33.490
5Y75.67710Y130.025-54.348
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD32.97314.955+18.018
MRQ35.81213.194+22.618
TTM42.18714.274+27.913
YOY41.33516.023+25.312
5Y75.67717.732+57.945
10Y130.02523.116+106.909
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Shenzhen Inovance Tech:

  • The EOD is 137.016. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 148.811. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -43.463. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD137.016MRQ148.811-11.795
MRQ148.811TTM-43.463+192.273
TTM-43.463YOY-42.492-0.971
TTM-43.4635Y-4,822.093+4,778.631
5Y-4,822.09310Y-2,326.658-2,495.436
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD137.0164.652+132.364
MRQ148.8114.051+144.760
TTM-43.4632.220-45.683
YOY-42.492-2.139-40.353
5Y-4,822.093-0.110-4,821.983
10Y-2,326.6580.056-2,326.714
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Inovance is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Electrical Equipment & Parts industry mean).
  • A PB ratio of 7.77 means the investor is paying ¥7.77 for each ¥1 in book value.

Let's take a look of the Price to Book Ratio trends of Shenzhen Inovance Tech:

  • The EOD is 7.150. Based on the equity, the company is overpriced. -1
  • The MRQ is 7.765. Based on the equity, the company is overpriced. -1
  • The TTM is 8.463. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD7.150MRQ7.765-0.615
MRQ7.765TTM8.463-0.698
TTM8.463YOY9.543-1.079
TTM8.4635Y13.444-4.981
5Y13.44410Y23.398-9.954
Compared to industry (Electrical Equipment & Parts)
PeriodCompanyIndustry (mean)+/- 
EOD7.1501.912+5.238
MRQ7.7652.042+5.723
TTM8.4632.149+6.314
YOY9.5432.256+7.287
5Y13.4442.376+11.068
10Y23.3982.810+20.588
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Shenzhen Inovance Tech compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.5350.338+58%0.438+22%0.313+71%0.187+187%
Book Value Per Share--8.5638.014+7%6.566+30%5.107+68%3.400+152%
Current Ratio--1.7071.679+2%1.742-2%1.915-11%1.061+61%
Debt To Asset Ratio--0.4660.473-1%0.431+8%0.417+12%0.347+34%
Debt To Equity Ratio--0.8880.914-3%0.791+12%0.751+18%0.589+51%
Dividend Per Share--0.0200.106-81%0.081-76%0.064-69%0.085-77%
Eps--0.4640.425+9%0.389+19%0.273+70%0.178+161%
Free Cash Flow Per Share--0.1120.114-2%0.149-25%0.099+13%0.084+33%
Free Cash Flow To Equity Per Share--0.1120.006+1745%0.385-71%0.149-25%0.119-6%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--10.233--------
Intrinsic Value_10Y_min--4.970--------
Intrinsic Value_1Y_max--0.541--------
Intrinsic Value_1Y_min--0.366--------
Intrinsic Value_3Y_max--1.995--------
Intrinsic Value_3Y_min--1.221--------
Intrinsic Value_5Y_max--3.894--------
Intrinsic Value_5Y_min--2.202--------
Market Cap163869417456.640-9%177975785146.880181013873824.000-2%166613065821.440+7%167390000120.099+6%153039789008.481+16%
Net Profit Margin--0.1620.169-4%0.200-19%0.172-6%0.214-24%
Operating Margin---0.109-100%0.161-100%0.157-100%0.089-100%
Operating Ratio--1.4711.491-1%1.484-1%1.456+1%1.022+44%
Pb Ratio7.150-9%7.7658.463-8%9.543-19%13.444-42%23.398-67%
Pe Ratio32.973-9%35.81242.187-15%41.335-13%75.677-53%130.025-72%
Price Per Share61.220-9%66.49067.625-2%62.245+7%62.535+6%57.174+16%
Price To Free Cash Flow Ratio137.016-9%148.811-43.463+129%-42.492+129%-4822.093+3340%-2326.658+1664%
Price To Total Gains Ratio110.337-9%119.835159.118-25%137.377-13%34.298+249%253.395-53%
Quick Ratio--0.5170.700-26%0.847-39%0.976-47%1.061-51%
Return On Assets--0.0290.028+3%0.034-14%0.030-2%0.032-11%
Return On Equity--0.0550.054+2%0.062-10%0.053+4%0.052+6%
Total Gains Per Share--0.5550.444+25%0.518+7%0.377+47%0.272+104%
Usd Book Value--3172128068.7572968906509.274+7%2432528488.618+30%1891987157.053+68%1259580100.376+152%
Usd Book Value Change Per Share--0.0740.047+58%0.061+22%0.043+71%0.026+187%
Usd Book Value Per Share--1.1851.109+7%0.909+30%0.707+68%0.471+152%
Usd Dividend Per Share--0.0030.015-81%0.011-76%0.009-69%0.012-77%
Usd Eps--0.0640.059+9%0.054+19%0.038+70%0.025+161%
Usd Free Cash Flow--41381184.28742261607.789-2%55073518.128-25%36495565.604+13%28828716.147+44%
Usd Free Cash Flow Per Share--0.0150.016-2%0.021-25%0.014+13%0.012+33%
Usd Free Cash Flow To Equity Per Share--0.0150.001+1745%0.053-71%0.021-25%0.016-6%
Usd Market Cap22679527375.999-9%24631848664.32825052320137.242-2%23059248309.687+7%23166776016.622+6%21180706798.774+16%
Usd Price Per Share8.473-9%9.2029.359-2%8.615+7%8.655+6%7.913+16%
Usd Profit--171954281.292157579318.568+9%144155226.024+19%101290966.530+70%65934004.431+161%
Usd Revenue--1061571704.340930344883.584+14%720938521.497+47%566815685.221+87%346558818.055+206%
Usd Total Gains Per Share--0.0770.061+25%0.072+7%0.052+47%0.038+104%
 EOD+4 -4MRQTTM+22 -13YOY+17 -185Y+21 -1410Y+21 -14

3.2. Fundamental Score

Let's check the fundamental score of Shenzhen Inovance Tech based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1532.973
Price to Book Ratio (EOD)Between0-17.150
Net Profit Margin (MRQ)Greater than00.162
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.517
Current Ratio (MRQ)Greater than11.707
Debt to Asset Ratio (MRQ)Less than10.466
Debt to Equity Ratio (MRQ)Less than10.888
Return on Equity (MRQ)Greater than0.150.055
Return on Assets (MRQ)Greater than0.050.029
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Shenzhen Inovance Tech based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5045.371
Ma 20Greater thanMa 5063.607
Ma 50Greater thanMa 10060.378
Ma 100Greater thanMa 20060.900
OpenGreater thanClose61.880
Total2/5 (40.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-09-302022-12-312023-03-312023-06-302023-09-30
Interest Income  40,790204,529245,319-202,02243,29790,853134,150-363,876-229,726



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in CNY. All numbers in thousands.

Summary
Total Assets42,887,894
Total Liabilities19,967,894
Total Stockholder Equity22,475,519
 As reported
Total Liabilities 19,967,894
Total Stockholder Equity+ 22,475,519
Total Assets = 42,887,894

Assets

Total Assets42,887,894
Total Current Assets27,589,512
Long-term Assets15,298,383
Total Current Assets
Cash And Cash Equivalents 7,090,366
Short-term Investments 877,768
Net Receivables 7,481,425
Inventory 7,083,892
Other Current Assets 386,785
Total Current Assets  (as reported)27,589,512
Total Current Assets  (calculated)22,920,237
+/- 4,669,274
Long-term Assets
Property Plant Equipment 5,894,043
Goodwill 2,220,257
Intangible Assets 742,255
Long-term Assets Other 729,392
Long-term Assets  (as reported)15,298,383
Long-term Assets  (calculated)9,585,946
+/- 5,712,437

Liabilities & Shareholders' Equity

Total Current Liabilities16,162,196
Long-term Liabilities3,805,697
Total Stockholder Equity22,475,519
Total Current Liabilities
Short Long Term Debt 1,129,450
Accounts payable 10,522,206
Other Current Liabilities 389,137
Total Current Liabilities  (as reported)16,162,196
Total Current Liabilities  (calculated)12,040,792
+/- 4,121,404
Long-term Liabilities
Long term Debt 2,210,844
Capital Lease Obligations Min Short Term Debt94,869
Long-term Liabilities Other 1,000,794
Long-term Liabilities  (as reported)3,805,697
Long-term Liabilities  (calculated)3,306,507
+/- 499,190
Total Stockholder Equity
Retained Earnings 13,863,880
Total Stockholder Equity (as reported)22,475,519
Total Stockholder Equity (calculated)13,863,880
+/- 8,611,639
Other
Capital Stock2,665,132
Common Stock Shares Outstanding 2,665,132
Net Invested Capital 25,815,812
Net Working Capital 11,427,315
Property Plant and Equipment Gross 5,894,043



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302009-12-312008-12-312007-12-31
> Total Assets 
122,803
171,327
290,075
411,963
2,328,696
2,462,612
2,525,560
2,578,088
2,667,291
2,673,034
2,749,242
2,777,523
2,862,263
2,973,373
3,027,044
3,155,000
3,326,773
3,795,332
3,824,366
3,805,166
4,261,110
4,671,292
4,689,756
4,806,654
5,379,920
5,946,515
5,988,466
5,823,517
6,353,862
7,973,872
8,126,753
8,628,042
8,741,155
9,047,120
9,171,874
9,436,602
9,833,747
10,329,353
10,324,129
10,686,352
12,927,092
14,886,010
14,903,773
16,890,589
17,554,295
18,647,590
20,029,802
23,203,404
24,366,229
27,302,719
28,653,337
32,966,152
35,224,823
39,211,610
40,115,087
40,415,022
42,887,894
42,887,89440,415,02240,115,08739,211,61035,224,82332,966,15228,653,33727,302,71924,366,22923,203,40420,029,80218,647,59017,554,29516,890,58914,903,77314,886,01012,927,09210,686,35210,324,12910,329,3539,833,7479,436,6029,171,8749,047,1208,741,1558,628,0428,126,7537,973,8726,353,8625,823,5175,988,4665,946,5155,379,9204,806,6544,689,7564,671,2924,261,1103,805,1663,824,3663,795,3323,326,7733,155,0003,027,0442,973,3732,862,2632,777,5232,749,2422,673,0342,667,2912,578,0882,525,5602,462,6122,328,696411,963290,075171,327122,803
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,039,771
7,244,303
7,693,387
7,550,633
7,803,476
8,593,550
9,511,837
9,456,051
11,237,717
11,845,210
12,458,239
13,604,238
15,986,826
17,096,245
18,417,752
19,456,337
22,777,901
23,443,870
25,912,720
26,275,348
25,829,062
27,589,512
27,589,51225,829,06226,275,34825,912,72023,443,87022,777,90119,456,33718,417,75217,096,24515,986,82613,604,23812,458,23911,845,21011,237,7179,456,0519,511,8378,593,5507,803,4767,550,6337,693,3877,244,3037,039,77100000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
968,356
491,985
515,755
696,254
773,594
1,171,706
1,751,903
1,784,052
2,823,825
2,567,614
3,041,211
3,332,732
4,419,146
3,497,671
3,950,957
3,717,129
5,689,933
6,950,464
7,437,893
8,104,136
6,085,963
7,090,366
7,090,3666,085,9638,104,1367,437,8936,950,4645,689,9333,717,1293,950,9573,497,6714,419,1463,332,7323,041,2112,567,6142,823,8251,784,0521,751,9031,171,706773,594696,254515,755491,985968,35600000000000000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
838,365
0
1,866,225
2,164,666
2,000,471
1,574,395
1,985,444
1,986,505
1,637,989
1,629,145
1,269,769
1,190,493
1,010,697
1,485,461
2,074,768
2,244,226
1,678,806
1,302,791
2,008,215
1,013,498
1,560,796
877,768
877,7681,560,7961,013,4982,008,2151,302,7911,678,8062,244,2262,074,7681,485,4611,010,6971,190,4931,269,7691,629,1451,637,9891,986,5051,985,4441,574,3952,000,4712,164,6661,866,2250838,36500000000000000000000000000000000000
       Net Receivables 
25,890
35,390
71,493
104,050
115,526
170,752
225,589
298,415
344,107
305,216
404,280
459,764
515,916
506,903
450,086
550,834
618,202
843,519
813,748
999,837
1,261,155
1,298,643
1,146,265
1,228,414
1,383,743
1,415,858
1,300,829
1,640,897
1,756,399
2,177,127
2,064,297
2,192,583
2,436,282
2,990,958
2,986,102
3,322,714
3,038,010
3,466,555
1,671,511
1,837,104
2,399,981
3,884,472
3,408,630
4,401,643
5,123,682
5,436,644
5,511,417
6,787,905
7,644,032
7,328,146
7,965,636
9,360,442
8,571,653
9,922,745
9,721,534
11,354,344
7,481,425
7,481,42511,354,3449,721,5349,922,7458,571,6539,360,4427,965,6367,328,1467,644,0326,787,9055,511,4175,436,6445,123,6824,401,6433,408,6303,884,4722,399,9811,837,1041,671,5113,466,5553,038,0103,322,7142,986,1022,990,9582,436,2822,192,5832,064,2972,177,1271,756,3991,640,8971,300,8291,415,8581,383,7431,228,4141,146,2651,298,6431,261,155999,837813,748843,519618,202550,834450,086506,903515,916459,764404,280305,216344,107298,415225,589170,752115,526104,05071,49335,39025,890
       Other Current Assets 
92
9,404
3,882
1,820
1,651
8,905
25,704
37,009
83,279
15,333
19,847
20,145
14,310
15,039
42,593
34,467
21,424
25,854
37,641
59,499
356,371
17,193
649,213
29,369
917,354
31,584
1,224,668
45,764
1,136,767
45,821
2,066,389
95,900
2,006,820
90,152
678,465
151,073
1,604,744
122,788
119,761
88,651
120,844
180,333
352,861
272,049
338,904
290,913
521,618
454,878
716,321
849,598
888,389
636,834
758,487
1,061,646
1,219,754
768,260
386,785
386,785768,2601,219,7541,061,646758,487636,834888,389849,598716,321454,878521,618290,913338,904272,049352,861180,333120,84488,651119,761122,7881,604,744151,073678,46590,1522,006,82095,9002,066,38945,8211,136,76745,7641,224,66831,584917,35429,369649,21317,193356,37159,49937,64125,85421,42434,46742,59315,03914,31020,14519,84715,33383,27937,00925,7048,9051,6511,8203,8829,40492
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,773,496
2,882,876
4,333,542
5,374,173
5,447,723
5,652,871
5,709,084
6,189,351
6,425,563
7,216,578
7,269,983
8,884,966
9,197,000
10,188,251
11,780,953
13,298,891
13,839,739
14,585,960
15,298,383
15,298,38314,585,96013,839,73913,298,89111,780,95310,188,2519,197,0008,884,9667,269,9837,216,5786,425,5636,189,3515,709,0845,652,8715,447,7235,374,1734,333,5422,882,8762,773,49600000000000000000000000000000000000000
       Property Plant Equipment 
5,559
9,696
17,275
36,863
43,289
74,555
76,522
146,827
160,248
248,433
195,439
261,891
211,231
262,388
212,835
269,899
224,995
349,164
318,580
354,118
392,321
454,541
485,793
500,557
543,886
594,690
606,367
612,704
636,252
646,444
658,923
668,481
718,982
789,123
839,653
888,516
949,807
1,052,577
1,098,318
1,168,816
1,490,177
1,643,209
1,650,779
1,763,336
1,764,790
1,962,204
2,167,667
2,335,240
2,545,892
2,870,197
2,963,424
3,292,878
3,631,869
4,826,346
5,148,315
5,449,474
5,894,043
5,894,0435,449,4745,148,3154,826,3463,631,8693,292,8782,963,4242,870,1972,545,8922,335,2402,167,6671,962,2041,764,7901,763,3361,650,7791,643,2091,490,1771,168,8161,098,3181,052,577949,807888,516839,653789,123718,982668,481658,923646,444636,252612,704606,367594,690543,886500,557485,793454,541392,321354,118318,580349,164224,995269,899212,835262,388211,231261,891195,439248,433160,248146,82776,52274,55543,28936,86317,2759,6965,559
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
37,129
37,129
37,129
37,129
37,129
37,129
275,394
275,394
275,394
275,394
309,030
311,430
311,430
311,430
311,430
311,430
311,430
311,430
311,430
311,430
311,430
311,430
1,154,139
1,964,171
1,964,171
1,964,171
1,964,171
1,964,171
1,964,171
1,964,171
1,994,222
1,920,689
1,920,689
2,043,825
2,043,825
1,974,704
1,974,704
1,974,704
2,220,257
2,220,2571,974,7041,974,7041,974,7042,043,8252,043,8251,920,6891,920,6891,994,2221,964,1711,964,1711,964,1711,964,1711,964,1711,964,1711,964,1711,154,139311,430311,430311,430311,430311,430311,430311,430311,430311,430311,430311,430309,030275,394275,394275,394275,39437,12937,12937,12937,12937,12937,129000000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
555,287
627,744
624,797
677,351
770,468
780,781
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000780,781770,468677,351624,797627,744555,28700000000000000000000000000000000000
       Intangible Assets 
34
1,535
10,423
2,316
10,296
2,167
11,621
3,668
20,821
12,626
66,462
12,169
65,100
11,338
63,469
10,710
67,516
78,121
164,104
160,967
158,292
157,188
153,930
225,223
461,702
458,615
561,225
576,209
603,239
599,241
595,280
589,929
609,180
611,239
606,488
309,922
302,387
368,006
360,280
221,325
516,490
528,357
528,158
528,997
512,000
497,869
478,097
457,631
439,955
583,939
577,928
570,578
604,509
711,639
708,804
689,865
742,255
742,255689,865708,804711,639604,509570,578577,928583,939439,955457,631478,097497,869512,000528,997528,158528,357516,490221,325360,280368,006302,387309,922606,488611,239609,180589,929595,280599,241603,239576,209561,225458,615461,702225,223153,930157,188158,292160,967164,10478,12167,51610,71063,46911,33865,10012,16966,46212,62620,8213,66811,6212,16710,2962,31610,4231,53534
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
141,891
88,806
141,887
83,724
151,830
181,060
1,948,639
186,174
218,968
739,227
382,686
405,342
496,385
591,271
1,507,835
630,808
687,427
1,041,062
729,392
729,3921,041,062687,427630,8081,507,835591,271496,385405,342382,686739,227218,968186,1741,948,639181,060151,83083,724141,88788,806141,89100000000000000000000000000000000000000
> Total Liabilities 
37,791
44,364
74,208
107,342
102,160
167,261
158,505
241,716
238,268
159,183
171,941
248,110
232,152
267,347
230,341
419,111
386,528
561,694
451,833
578,861
847,573
1,025,358
906,385
1,050,392
1,303,608
1,656,687
1,547,874
1,516,779
1,665,603
2,991,579
2,878,312
3,579,046
3,356,296
3,321,644
3,165,817
3,599,655
3,668,182
3,794,556
3,510,153
3,904,401
5,455,595
5,949,635
5,689,019
7,368,169
7,273,061
7,631,929
8,269,694
8,853,149
9,751,546
10,973,067
11,673,559
15,271,880
15,924,233
19,100,064
18,827,444
18,927,665
19,967,894
19,967,89418,927,66518,827,44419,100,06415,924,23315,271,88011,673,55910,973,0679,751,5468,853,1498,269,6947,631,9297,273,0617,368,1695,689,0195,949,6355,455,5953,904,4013,510,1533,794,5563,668,1823,599,6553,165,8173,321,6443,356,2963,579,0462,878,3122,991,5791,665,6031,516,7791,547,8741,656,6871,303,6081,050,392906,3851,025,358847,573578,861451,833561,694386,528419,111230,341267,347232,152248,110171,941159,183238,268241,716158,505167,261102,160107,34274,20844,36437,791
   > Total Current Liabilities 
37,791
44,364
74,207
107,342
102,160
165,784
157,228
237,402
232,459
155,823
160,581
236,750
226,256
252,516
207,524
396,542
364,630
535,526
418,237
546,479
798,564
974,389
851,811
998,346
1,243,202
1,574,850
1,466,251
1,427,259
1,575,859
2,855,597
2,752,851
3,446,905
3,225,374
3,156,299
2,997,053
3,430,698
3,499,847
3,517,497
3,233,108
3,639,320
4,765,001
5,267,926
5,001,707
5,749,191
5,513,427
5,954,136
6,484,195
7,185,217
8,842,021
9,996,073
11,190,162
13,460,904
13,840,098
16,059,295
15,236,956
15,439,905
16,162,196
16,162,19615,439,90515,236,95616,059,29513,840,09813,460,90411,190,1629,996,0738,842,0217,185,2176,484,1955,954,1365,513,4275,749,1915,001,7075,267,9264,765,0013,639,3203,233,1083,517,4973,499,8473,430,6982,997,0533,156,2993,225,3743,446,9052,752,8512,855,5971,575,8591,427,2591,466,2511,574,8501,243,202998,346851,811974,389798,564546,479418,237535,526364,630396,542207,524252,516226,256236,750160,581155,823232,459237,402157,228165,784102,160107,34274,20744,36437,791
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,000
699,029
554,409
1,387,007
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000001,387,007554,409699,02910,0000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,000
699,029
554,409
1,387,007
1,263,952
1,043,634
730,734
740,473
331,085
523,692
436,182
367,197
404,590
888,951
2,023,731
2,409,101
2,073,817
1,422,850
943,580
1,129,450
1,129,450943,5801,422,8502,073,8172,409,1012,023,731888,951404,590367,197436,182523,692331,085740,473730,7341,043,6341,263,9521,387,007554,409699,02910,0000000000000000000000000000000000000000
       Accounts payable 
16,908
20,634
47,868
76,931
68,125
100,059
100,233
173,049
176,357
93,826
104,165
167,999
147,951
130,418
119,187
266,211
209,861
308,683
302,166
380,620
593,058
710,547
670,091
718,721
811,755
961,297
922,003
899,078
973,742
1,158,081
1,080,251
1,262,782
1,456,051
1,597,532
1,663,037
1,986,381
1,993,658
1,848,388
1,678,784
1,949,364
2,294,528
2,494,826
2,370,540
3,012,144
3,158,255
3,798,917
4,283,410
4,966,119
5,687,829
6,365,709
6,741,441
7,441,713
8,086,750
9,330,074
9,477,952
9,846,629
10,522,206
10,522,2069,846,6299,477,9529,330,0748,086,7507,441,7136,741,4416,365,7095,687,8294,966,1194,283,4103,798,9173,158,2553,012,1442,370,5402,494,8262,294,5281,949,3641,678,7841,848,3881,993,6581,986,3811,663,0371,597,5321,456,0511,262,7821,080,2511,158,081973,742899,078922,003961,297811,755718,721670,091710,547593,058380,620302,166308,683209,861266,211119,187130,418147,951167,999104,16593,826176,357173,049100,233100,05968,12576,93147,86820,63416,908
       Other Current Liabilities 
20,883
23,730
26,339
30,411
34,035
65,725
56,995
64,353
56,102
61,997
56,416
68,751
78,305
122,098
88,337
130,331
154,769
226,843
116,071
165,859
205,506
263,842
181,720
279,625
431,446
550,822
487,248
458,181
448,789
1,110,651
1,090,818
1,139,829
1,140,510
1,339,735
1,201,435
779,432
798,552
673,666
10,000
10,000
150,000
995,031
1,258,864
1,433,768
1,231,655
946,982
1,026,788
871,556
1,298,543
1,161,811
1,342,193
1,539,157
2,029,138
2,612,934
2,700,491
2,234,017
389,137
389,1372,234,0172,700,4912,612,9342,029,1381,539,1571,342,1931,161,8111,298,543871,5561,026,788946,9821,231,6551,433,7681,258,864995,031150,00010,00010,000673,666798,552779,4321,201,4351,339,7351,140,5101,139,8291,090,8181,110,651448,789458,181487,248550,822431,446279,625181,720263,842205,506165,859116,071226,843154,769130,33188,337122,09878,30568,75156,41661,99756,10264,35356,99565,72534,03530,41126,33923,73020,883
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
277,045
265,080
690,595
681,709
687,312
1,618,978
1,759,634
1,677,793
1,785,499
1,667,933
909,525
976,993
483,397
1,810,977
2,084,135
3,040,769
3,590,488
3,487,760
3,805,697
3,805,6973,487,7603,590,4883,040,7692,084,1351,810,977483,397976,993909,5251,667,9331,785,4991,677,7931,759,6341,618,978687,312681,709690,595265,080277,04500000000000000000000000000000000000000
       Other Liabilities 
0
0
1
0
0
0
1
0
1
3,360
11,360
11,360
5,896
14,831
22,817
22,569
21,898
26,168
33,597
32,382
49,009
50,970
54,574
52,047
60,406
68,837
68,623
77,520
77,744
123,529
124,007
132,142
130,923
165,345
168,765
168,957
168,335
187,059
187,045
180,080
217,905
209,934
215,871
224,592
225,504
254,258
274,232
300,472
298,318
361,973
389,154
472,270
518,121
1,154,333
1,245,394
1,286,093
0
01,286,0931,245,3941,154,333518,121472,270389,154361,973298,318300,472274,232254,258225,504224,592215,871209,934217,905180,080187,045187,059168,335168,957168,765165,345130,923132,142124,007123,52977,74477,52068,62368,83760,40652,04754,57450,97049,00932,38233,59726,16821,89822,56922,81714,8315,89611,36011,3603,360101000100
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,246
18,281
84,533
85,634
84,251
98,954
118,008
112,296
138,601
127,630
121,021
113,484
102,947
122,821
164,992
151,604
141,245
137,925
159,898
155,608
0
0
00155,608159,898137,925141,245151,604164,992122,821102,947113,484121,021127,630138,601112,296118,00898,95484,25185,63484,53318,28117,24600000000000000000000000000000000000
> Total Stockholder Equity
85,065
126,937
215,783
304,195
2,225,859
2,294,428
2,365,977
2,334,830
2,422,222
2,503,832
2,563,360
2,516,416
2,616,527
2,691,891
2,778,027
2,703,915
2,894,681
3,071,730
3,206,008
3,057,436
3,238,617
3,467,813
3,600,330
3,581,306
3,854,617
4,059,700
4,207,596
4,083,652
4,439,482
4,715,792
4,934,643
4,759,291
5,088,589
5,426,239
5,714,836
5,564,942
5,877,624
6,242,094
6,509,880
6,477,675
6,741,979
8,617,850
8,883,939
9,188,598
9,916,179
10,637,459
11,342,292
13,903,318
14,269,912
15,883,264
16,484,898
16,994,569
18,349,115
19,815,887
20,845,950
21,056,589
22,475,519
22,475,51921,056,58920,845,95019,815,88718,349,11516,994,56916,484,89815,883,26414,269,91213,903,31811,342,29210,637,4599,916,1799,188,5988,883,9398,617,8506,741,9796,477,6756,509,8806,242,0945,877,6245,564,9425,714,8365,426,2395,088,5894,759,2914,934,6434,715,7924,439,4824,083,6524,207,5964,059,7003,854,6173,581,3063,600,3303,467,8133,238,6173,057,4363,206,0083,071,7302,894,6812,703,9152,778,0272,691,8912,616,5272,516,4162,563,3602,503,8322,422,2222,334,8302,365,9772,294,4282,225,859304,195215,783126,93785,065
   Common Stock
3,000
81,000
81,000
81,000
108,000
108,000
108,000
216,000
216,000
216,000
216,000
388,800
388,800
388,800
388,800
388,800
388,800
388,800
388,800
781,224
782,213
782,451
782,503
794,503
794,932
795,252
795,349
1,603,504
1,606,963
1,659,883
1,665,112
1,665,112
1,664,353
1,664,125
1,664,095
1,663,810
1,662,760
1,662,220
1,661,964
1,661,564
1,660,874
1,731,644
1,731,578
1,719,723
1,719,723
1,719,723
1,719,723
2,619,049
2,622,517
2,634,907
2,635,160
2,636,287
2,645,219
2,658,698
2,660,335
0
0
002,660,3352,658,6982,645,2192,636,2872,635,1602,634,9072,622,5172,619,0491,719,7231,719,7231,719,7231,719,7231,731,5781,731,6441,660,8741,661,5641,661,9641,662,2201,662,7601,663,8101,664,0951,664,1251,664,3531,665,1121,665,1121,659,8831,606,9631,603,504795,349795,252794,932794,503782,503782,451782,213781,224388,800388,800388,800388,800388,800388,800388,800388,800216,000216,000216,000216,000108,000108,000108,00081,00081,00081,0003,000
   Retained Earnings 
69,386
25,030
105,580
186,787
250,137
307,573
379,122
347,974
435,874
478,785
538,273
491,205
591,123
646,359
724,053
637,884
816,226
940,144
1,184,473
977,229
1,140,109
1,341,731
1,468,083
1,280,660
1,536,728
1,759,786
1,899,374
1,750,812
2,050,799
2,294,068
2,466,519
2,264,893
2,559,584
2,896,496
3,093,004
2,893,558
3,192,132
3,565,253
3,202,480
3,139,697
3,387,791
4,283,794
4,456,342
4,757,926
5,481,781
6,089,863
6,736,142
7,033,675
7,962,645
9,044,167
9,761,563
10,228,982
11,338,918
12,573,866
13,321,018
12,621,436
13,863,880
13,863,88012,621,43613,321,01812,573,86611,338,91810,228,9829,761,5639,044,1677,962,6457,033,6756,736,1426,089,8635,481,7814,757,9264,456,3424,283,7943,387,7913,139,6973,202,4803,565,2533,192,1322,893,5583,093,0042,896,4962,559,5842,264,8932,466,5192,294,0682,050,7991,750,8121,899,3741,759,7861,536,7281,280,6601,468,0831,341,7311,140,109977,2291,184,473940,144816,226637,884724,053646,359591,123491,205538,273478,785435,874347,974379,122307,573250,137186,787105,58025,03069,386
   Capital Surplus 000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000-351,214-384,615-399,853-525,254-527,423-559,500-575,675-535,813-52,256-90,283-92,752-92,7520000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
32,094
28,775
1,285
531
1,144
3,555
2,896
2,695
3,253
-1,035
-5,837
-3,946
-6,187
-5,030
-6,444
-7,720
2,955
17,609
13,875
10,340
0
0
0010,34013,87517,6092,955-7,720-6,444-5,030-6,187-3,946-5,837-1,0353,2532,6952,8963,5551,1445311,28528,77532,09400000000000000000000000000000000000



Balance Sheet

Currency in CNY. All numbers in thousands.




Cash Flow

Currency in CNY. All numbers in thousands.




Income Statement

Currency in CNY. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue26,888,580
Cost of Revenue-17,475,072
Gross Profit9,413,5099,413,509
 
Operating Income (+$)
Gross Profit9,413,509
Operating Expense-22,524,657
Operating Income4,363,923-13,111,149
 
Operating Expense (+$)
Research Development2,660,367
Selling General Administrative1,957,494
Selling And Marketing Expenses-
Operating Expense22,524,6574,617,861
 
Net Interest Income (+$)
Interest Income106,446
Interest Expense-188,003
Other Finance Cost-165,829
Net Interest Income84,272
 
Pretax Income (+$)
Operating Income4,363,923
Net Interest Income84,272
Other Non-Operating Income Expenses-
Income Before Tax (EBT)4,743,7834,363,923
EBIT - interestExpense = -188,003
4,554,316
4,742,318
Interest Expense188,003
Earnings Before Interest and Taxes (EBIT)-4,931,786
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax4,743,783
Tax Provision-180,696
Net Income From Continuing Ops4,563,0874,563,087
Net Income4,554,316
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net--84,272
 

Technical Analysis of Inovance
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Inovance. The general trend of Inovance is BULLISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Inovance's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (14.3%) Bearish trend (-14.3%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Shenzhen Inovance Tech.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 68.20 < 70.25 < 70.56.

The bearish price targets are: 52.22 > 47.00.

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Shenzhen Inovance Tech Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Shenzhen Inovance Tech. The current mas is .

The long score for the Moving Averages is 8/14.
The longshort score for the Moving Averages is 2/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shenzhen Inovance Tech Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Shenzhen Inovance Tech. The current macd is -0.39214252.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Inovance price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Inovance. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Inovance price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Shenzhen Inovance Tech Daily Moving Average Convergence/Divergence (MACD) ChartShenzhen Inovance Tech Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Shenzhen Inovance Tech. The current adx is 22.36.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Inovance shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Shenzhen Inovance Tech Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Shenzhen Inovance Tech. The current sar is 63.07.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Shenzhen Inovance Tech Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Shenzhen Inovance Tech. The current rsi is 45.37. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending up: The RSI is trending up. +1
Shenzhen Inovance Tech Daily Relative Strength Index (RSI) ChartShenzhen Inovance Tech Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Shenzhen Inovance Tech. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Inovance price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Shenzhen Inovance Tech Daily Stochastic Oscillator ChartShenzhen Inovance Tech Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Shenzhen Inovance Tech. The current cci is -71.22401721.

Shenzhen Inovance Tech Daily Commodity Channel Index (CCI) ChartShenzhen Inovance Tech Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Shenzhen Inovance Tech. The current cmo is -14.70380889.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Shenzhen Inovance Tech Daily Chande Momentum Oscillator (CMO) ChartShenzhen Inovance Tech Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Shenzhen Inovance Tech. The current willr is -67.31770833.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Inovance is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Shenzhen Inovance Tech Daily Williams %R ChartShenzhen Inovance Tech Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Shenzhen Inovance Tech.

Shenzhen Inovance Tech Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Shenzhen Inovance Tech. The current atr is 1.66666615.

Shenzhen Inovance Tech Daily Average True Range (ATR) ChartShenzhen Inovance Tech Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Shenzhen Inovance Tech. The current obv is 410,083,023.

Shenzhen Inovance Tech Daily On-Balance Volume (OBV) ChartShenzhen Inovance Tech Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Shenzhen Inovance Tech. The current mfi is 15.63.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -2/(-2 +2).

  • MFI < 50: -1
  • MFI < 20: -1
Shenzhen Inovance Tech Daily Money Flow Index (MFI) ChartShenzhen Inovance Tech Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Shenzhen Inovance Tech.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-03SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-07WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-09CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-10CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-27SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-28WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-29BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-20WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-28DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-18RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-23RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-06MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-18CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-20WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Shenzhen Inovance Tech Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Shenzhen Inovance Tech based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5045.371
Ma 20Greater thanMa 5063.607
Ma 50Greater thanMa 10060.378
Ma 100Greater thanMa 20060.900
OpenGreater thanClose61.880
Total2/5 (40.0%)
Penke

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