Xintian Technology's net profit for the first quarter was 18.09 million yuan, an increase of 4.16% over the previous year

[ China Instrument Network Instrumentation Enterprise ] On April 23rd, Xintian Technology released a quarterly report for 2018. From January to March in 2018, the company achieved an operating income of RMB 127 million, a year-on-year increase of 24.64%; the average operating income of the instrumentation industry was increased by 32.50%; net profit attributable to shareholders of listed companies was 18.0887 million yuan, an increase of 4.16% year-on-year, and the average net profit growth rate of the instrumentation industry was 28.13%.

(Image from the Internet, invaded)

According to statistics, Xintian Technology mainly engages in the R&D, production, sales, and service of civilian smart meters and systems. It covers four major series of smart water meters, heat meters, smart gas meters, and smart meters as well as supporting system equipment and system software.

As the first domestic listed company to cover four kinds of smart watch products, Xintian Technology has improved the penetration rate of smart water meters, continuously entered the market for gas meters, increased the market share of smart meters, renewed smart metering, and renewed thermal reforms. Under the conditions, the company achieved revenue of 745 million yuan in 2017, an increase of 47.23% year-on-year.

The main reasons for the company's revenue and profit growth in the first quarter of 2018 were: Optimized smart meter customer structure, further expansion of market share; significant breakthroughs in smart gas meters, significant improvement in performance; new projects for smart agricultural water conservation, smart water and other development Significant results have been achieved, and gradually began to contribute to performance; outreach and acquisitions have played a synergistic effect and Wanter Electric and Kent Instruments have boosted performance.

With the development of the Internet of Things and the advancement of smart city construction, the company has actively deployed smart meter reading systems under the Internet of Things. At present, it has completed the docking of standards such as NB-IOT and Lora, and has platform companies in smart water, agriculture, and energy. Potential.

(Source: Flushing Finance, Securities Star, Guosen Securities)