Inovance’s Nanjing base topped off, to churn out 400,000 robots a year

Construction had been going at full throttle on what is one of Jiangsu's provincial-level key projects.

An R&D and manufacturing facility of Inovance (汇川技术, 300124.SZ), a Chinese industrial automation giant, was recently topped off in eastern China’s Jiangsu Province, media reported today.

The facility sits on a land parcel of 178 mu, or 118,666 sqm, in Nanjing, the provincial capital, with a total investment of billions of yuan.

Construction had been going at full throttle on what is one of Jiangsu’s provincial-level key projects.

Upon completion, the facility, with a planned floor space of 255,000 sqm, will churn out more than 400,000 units of robot and pieces of supporting equipment every year, contributing an expected 10 billion yuan (US$1.37 billion) to Inovance’s revenue.

Meanwhile, the company will also integrate the production and R&D of industrial robot, development of industrial software, and its digitalization businesses.

What’s more, these operations will also be complemented by industrial vision and graphics, and meglev high-speed motor, among other business portfolios.

Construction began on the facility in December last year, following the signing of an agreement between the Nanjing government and Inovance in July a year earlier.

According to the company’s financial results for the first half of this year, it posted revenue of 12.45 billion yuan, up 19.76% year on year.

Net profit attributable to shareholders rose 5.17% to 2.077 billion yuan during the same period.

R&D expenses shot up 28.92% to 1.29 billion yuan from 1 billion yuan of the same period last year.

At the close of trading today, Inovance stocks ended 0.26% up to 69.51 yuan apiece, with a market cap of 184.51 billion yuan.

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Ni Tao

Ni Tao is the founder and editor-in-chief of cnrobopedia. Prior to cnrobopedia, he had a full decade of experience with a major state-run English-language newspaper as a tech reporter and opinion writer. He is also a communications specialist, having provided consultancy services to established firms like Siemens, Philips, ABinBev, Diageo, Group (Nasdaq: TCOM, HK: 9961), Jianpu Technology (NYSE: JT) and a handful of domestic startups. A graduate of Fudan University, he writes widely about China's business and tech scenes and other topics for global publications including South China Morning Post, SupChina, The Diplomat, CGTN, Banking Technology, among others, and tries to impart his experience to students at Fudan University Journalism School, where he is a part-time lecturer. When he's not writing about robotics, you can expect him to be on his beloved Yanagisawa saxophones, trying to play some jazz riffs, often in vain and occasionally against the protests of an angry neighbor. Get in touch with him by dropping a line at

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