Invt Proposes Non-Public Offering to Raise No More Than 500 Million Yuan to Consolidate Industrial Automation Business and Seize AI Data Center Track

On March 13, Yingweiten (002334) announced that the company plans to raise no more than 500 million yuan through a targeted issuance of A-shares, issuing no more than 82.2741 million shares. The funds raised will be invested in the Suzhou Yingweiten Phase III high-end equipment intelligent manufacturing project and the Zhongshan R&D center construction project.

Yingweiten is a provider of specialized solutions focused on industrial automation and energy power fields. It concentrates on scene demands related to energy saving and carbon reduction, intelligent manufacturing, artificial intelligence, and Digital China, with a focus on power electronics, automatic control, and information technology. The company is deeply engaged in and expanding the application of related products and solutions.

In recent years, Yingweiten’s industrial automation business has continuously strengthened its leading position in the domestic market and has rapidly expanded overseas. In 2023 and 2024, the production volume of industrial automation products is expected to be 1.5932 million and 1.8686 million units, respectively, representing year-on-year growth of 18.50% and 17.29%. The company’s production capacity is facing shortages. The Phase III high-end equipment intelligent manufacturing project in Suzhou aims to build a high-end intelligent industrial base, providing solid capacity support for the continuous expansion of the company’s industrial automation business. It will better facilitate the transformation of R&D technological achievements into market-competitive high-end equipment products, connecting the entire “R&D—Transformation—Manufacturing” chain and accelerating technological industrialization.

Early deployment and continuous accumulation of technology directly determine a company’s core competitiveness and sustainable development ability. Yingweiten stated that the Zhongshan R&D center construction project funded by this offering will focus on cutting-edge research in network energy and industrial control fields. It will conduct R&D on frontier areas such as HVDC, SST, and liquid cooling heat dissipation related to AIDC, strengthen technical reserves in power electronics, drive control, and system integration, and improve cross-platform technology reuse and modular development levels to shorten development cycles.

From the overall market perspective, according to GIIResearch data, the global industrial automation market is expected to reach $251.13 billion in 2025 and grow to $392.55 billion by 2032, with a compound annual growth rate of 6.58%. According to MIRDATABANK data, China’s automation market is approximately 283.1 billion yuan in 2025. As manufacturing shifts toward intelligent manufacturing, it is expected to grow to 294.4 billion yuan by 2028, maintaining a stable growth trend across the industry.

Specifically, the Suzhou Yingweiten Phase III high-end equipment intelligent manufacturing project plans to use 300 million yuan of the raised funds. The project will be implemented by the company’s wholly-owned subsidiary, Suzhou Yingweiten Power Electronics Co., Ltd., and will involve building factories in Suzhou, Jiangsu Province, for complete series products including high-, medium-, and low-voltage inverters, servo drives, motors, PLCs, and more. This includes constructing related plant facilities, supporting infrastructure, digital production lines, and relevant software systems.

The Zhongshan R&D center construction project will utilize 200 million yuan of the raised funds, implemented by the wholly-owned subsidiary Zhongshan Yingweiten Electric Technology Co., Ltd. The project plans to establish comprehensive product laboratories, specialized laboratories, and R&D offices in Zhongshan. It will purchase advanced R&D equipment, testing instruments, and software to systematically develop standard compliance testing, application scenario simulation testing, and digital testing capabilities, thereby comprehensively enhancing the company’s overall R&D level.

Yingweiten stated that the purpose of this fundraising and project construction is to alleviate the current capacity shortages and support multi-business growth through increased R&D investment. This move is a key step in consolidating the company’s industrial automation foundation, capturing emerging digital and AI data center opportunities, improving overall profitability and international competitiveness, and actively supporting the company’s strategic vision.