Xintian Technology's 2017 net profit of 157 million increased by 48.68% year-on-year

[China Instrument Network Instrumentation Enterprise] On February 27th, Xintian Technology released the 2017 annual performance report. From January to December of 2017, the operating income was 745 million yuan, an increase of 47.23% over the same period of last year, and the average operating income of the instrumentation industry was 56.71. %; The net profit attributable to the shareholders of the listed company was 157 million yuan, an increase of 48.68% year-on-year, and the average net profit growth rate of the instrumentation industry was 30.98%.

Xintian Technology is the first domestic listed company to cover four kinds of smart watch products. With the increase of the penetration rate of smart water meters, gas meters continue to enter into large companies to increase market share, smart meter replacement, and hot changes are re-introduced. With good results, the company's performance in 2017 ushered in accelerated growth.

In recent years, Xintian Technology has continuously increased its R&D investment and market investment in the field of smart gas meters. The brand awareness of smart gas meters has increased significantly, and the technical strength and service capabilities have been recognized by large users in the gas industry.

In 2017, Xintian Technology signed a strategic cooperation agreement with Hainan Minsheng and Hainan Telecom. The three parties actively integrated various resources to jointly carry out special technical research on NB-IoT smart meter reading, Internet access, and information application projects to speed up NB-IoT. Network construction coverage, and jointly create a new ecology of Hainan's gas industry application network.

In addition, Xintian Technology, as a leading enterprise in the field of smart water meters, has a strong intellectual strength, market position, and strategic layout in the field of smart water in recent years. The company has “intelligent civilian meters, smart industrial and commercial flow meters in the field of water information technology. "Intelligent Water Services, System Software, Cloud Services" as a total solution.

In 2017, the company added nearly 200 water company users and successively won the bid for Wuhai Haibowan Urban Water Supply Company, Harbin Water Supply Group, Anshan Water Supply Corporation, Baotou City Water Supply Corporation, Shijiazhuang Water Supply Company, and Urumqi Water Industry Group. The smart water meter projects of large-scale water companies such as Chongqing Water Supply Company, Zhuhai Water Group, Lhasa Water Supply Company, and Shenzhen Water Group have driven the increase in orders for smart water meter business, which has had a positive impact on the company's performance growth.

(Source: Flushing Finance, Xintian Technology, Guosen Securities, Juling Information)