[Chinese instrument network enterprise wind vane] With the new urbanization construction, the promotion of environmental protection, energy conservation and emission reduction will bring new opportunities for the development of smart gas meters, heat meters and other industries. The Wasion Group, as a leading enterprise in smart metering business, has achieved great development in the smart metering market.
Smart meters are mainly used in the supply of water, electricity, heat, and gas, and are closely related to the lives of residents. With the introduction of green energy management, the smart instrumentation industry has achieved rapid development, which has facilitated the simplification of energy metering and charging procedures. At the same time, it also solved problems such as household meter reading, protected the privacy of residents' lives, and improved the safety of residents' lives.
Under the grand strategy of implementing energy-saving and emission-reduction technologies in the country, the implementation of ladder fees for electricity, water, gas, and thermal energy according to factors such as the amount of use and time period is an important step in the development of a conservation-minded society. Since traditional mechanical metering instruments cannot satisfy the step-by-step billing function, smart metering instruments have a huge alternative space. With the implementation of the ladder water pricing system, the implementation of a household-for-one project, and the increase in the area of ​​completed real estate, the market for intelligent water meters and heat meters will continue to expand by 20%.
The performance of Wasion Smart Metering Solutions (AMI) business continues to grow. Export business and smart meter business will continue to promote steady growth of the sector in the future. Currently, in China's water meter market, smart meters only account for about 16% of water meters, and we estimate that smart water meter coverage can reach 40% in the next 4 to 5 years. There is still a lot of room for market development, and the smart water meter coverage is The main reason for the increase in the next 4 to 5 years is that local governments have begun to implement stepped water prices, which will release a large number of market demand for smart water meters. We estimate that only nearly 30% of cities have already implemented stepped water prices. As localities begin to implement the ladder water pricing system for urban residents, the smart water meter market will bring huge demand.
As a leading supplier of energy metering equipment, systems, and services in China, Wasion Group is mainly engaged in three major businesses, including smart meters, smart metering solutions, intelligent power distribution systems and solutions, and Shizheng Smart Grid “waterâ€. There is a national policy support. In terms of operating results, Wasion Group made 25% more in the first half of this year, reaching 253 million yuan; last year, the profit attributable to shareholders rose by 20%, which was approximately 480 million yuan; earnings have risen steadily over the past few years. Wasion Group's export business started to enjoy a high growth period in 2015. With the advantage of Siemens overseas, its export revenue increased by 65% ​​to 128 million in the first half of the year. From the newly signed overseas orders announced by Wasion Group, it is expected that more overseas revenue will be recorded in the second half of the year.
Smart meters are mainly used in the supply of water, electricity, heat, and gas, and are closely related to the lives of residents. With the introduction of green energy management, the smart instrumentation industry has achieved rapid development, which has facilitated the simplification of energy metering and charging procedures. At the same time, it also solved problems such as household meter reading, protected the privacy of residents' lives, and improved the safety of residents' lives.
Under the grand strategy of implementing energy-saving and emission-reduction technologies in the country, the implementation of ladder fees for electricity, water, gas, and thermal energy according to factors such as the amount of use and time period is an important step in the development of a conservation-minded society. Since traditional mechanical metering instruments cannot satisfy the step-by-step billing function, smart metering instruments have a huge alternative space. With the implementation of the ladder water pricing system, the implementation of a household-for-one project, and the increase in the area of ​​completed real estate, the market for intelligent water meters and heat meters will continue to expand by 20%.
The performance of Wasion Smart Metering Solutions (AMI) business continues to grow. Export business and smart meter business will continue to promote steady growth of the sector in the future. Currently, in China's water meter market, smart meters only account for about 16% of water meters, and we estimate that smart water meter coverage can reach 40% in the next 4 to 5 years. There is still a lot of room for market development, and the smart water meter coverage is The main reason for the increase in the next 4 to 5 years is that local governments have begun to implement stepped water prices, which will release a large number of market demand for smart water meters. We estimate that only nearly 30% of cities have already implemented stepped water prices. As localities begin to implement the ladder water pricing system for urban residents, the smart water meter market will bring huge demand.
As a leading supplier of energy metering equipment, systems, and services in China, Wasion Group is mainly engaged in three major businesses, including smart meters, smart metering solutions, intelligent power distribution systems and solutions, and Shizheng Smart Grid “waterâ€. There is a national policy support. In terms of operating results, Wasion Group made 25% more in the first half of this year, reaching 253 million yuan; last year, the profit attributable to shareholders rose by 20%, which was approximately 480 million yuan; earnings have risen steadily over the past few years. Wasion Group's export business started to enjoy a high growth period in 2015. With the advantage of Siemens overseas, its export revenue increased by 65% ​​to 128 million in the first half of the year. From the newly signed overseas orders announced by Wasion Group, it is expected that more overseas revenue will be recorded in the second half of the year.
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