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Shenzhen Inovance Technology Co (SZSE:300124) Payments on Behalf of Employees


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What is Shenzhen Inovance Technology Co Payments on Behalf of Employees?

Payments on Behalf of Employees only applicable to companies reporting Cash Flow from Operations in direct method.


Shenzhen Inovance Technology Co (SZSE:300124) Business Description

Traded in Other Exchanges
N/A
Address
Liuxian Road No. 70, Building E, Hongwei Industrial Park, Baocheng District, Shenzhen, CHN, 518101
Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives--also known as inverters--servo systems, sensors, interfaces and motor controllers. Inovance employs about 20,000 staff, including over 4,700 research and development engineers. About 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou, and these major offices are supported by over 10 branches across China.