Inovance Annual Report 2024

We have just published our Annual Report for 2024. Last year, Inovance experienced impressive 22% growth, taking our annual revenue to more than US$5.2 billion.

This year, our General Industrial Automation sales hit $2.1 billion, which is 41% of total sales.

Inovance remains committed to innovation and excellence, with our R&D investment totaling more than US$440 million, or 8.5% of our total annual revenue.