Wei Chuan Automation Reports Strong Q3 2024 Growth Driven by Industrial-Specific Inverters
Author: 来源：中自网•
工业自动化来源：中自网
Wei Chuan Automation disclosed its Q3 2024 financial results on November 22, 2024, reporting significant year-over-year growth. The company achieved total revenue of 1.157 billion yuan, a 22.37% increase, and net profit attributable to shareholders of 210 million yuan, up 34.09%. A key driver was the performance of its product segments: Industrial-Specific Inverter sales surged 51.69% to 449 million yuan, while General Inverter sales saw a slight decline. The company's Servo System and Motion Control segment also grew by 21.62%. Wei Chuan attributed the strong results to its strategic focus, optimized product structure, and enhanced competitiveness. The company also increased its R&D investment by 36.20% to 141 million yuan in the first three quarters, with R&D staff comprising 35.39% of its total workforce and securing 222 patents. For a complete breakdown of the financial data and strategic initiatives, readers are directed to the original article on Zhongzi Wang.
Wei Chuan Automation disclosed its Q3 2024 financial results on November 22, 2024, reporting significant year-over-year growth. The company achieved total revenue of 1.157 billion yuan, a 22.37% increase, and net profit attributable to shareholders of 210 million yuan, up 34.09%. A key driver was the performance of its product segments: Industrial-Specific Inverter sales surged 51.69% to 449 million yuan, while General Inverter sales saw a slight decline. The company's Servo System and Motion Control segment also grew by 21.62%. Wei Chuan attributed the strong results to its strategic focus, optimized product structure, and enhanced competitiveness. The company also increased its R&D investment by 36.20% to 141 million yuan in the first three quarters, with R&D staff comprising 35.39% of its total workforce and securing 222 patents. For a complete breakdown of the financial data and strategic initiatives, readers are directed to the original article on Zhongzi Wang.
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Keywords
Wei Chuan AutomationQ3 2024 Financial ResultsIndustrial-Specific Inverter