Shenzhen Inovance Technology Co Ltd Class A

300124: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥51.00	Ffsbwc	Cpblzgfkxq

Shenzhen Inovance Earnings: Overseas Business a Key Focus for Growth

Phelix Lee

Oct 27, 2023

Our fair value estimate for narrow-moat Shenzhen Inovance remains at CNY 64 per share after the company reported third-quarter results that were largely on track with our full-year projections. Inovance is fairly valued in our view, but upside surprises are likely with government stimulus and as more news surfaces about the planned spinoff of the electric vehicle arm.

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