Core Insights - The article discusses the development prospects and investment strategies of the smart meter industry in China, highlighting key players and market dynamics. Industry Overview - The smart meter industry in China consists of upstream manufacturers of chips, PCBs, relays, and other components, midstream companies involved in smart meter production, and downstream markets including households, charging stations, and distributed energy [1][3]. Regional Distribution - Guangdong Province has the highest concentration of smart meter companies, with over 500 related enterprises expected by December 2025 [6][8]. Revenue Performance - In the first half of 2025, several companies reported significant revenues from their smart meter businesses, with科陆电子 (Kelu Electronics) generating 12.54 billion yuan and林洋能源 (Linyang Energy) achieving 14.27 billion yuan [11][12]. Investment Trends - Recent investment activities in the smart meter sector include acquisitions and capital increases for project investments. Notable investments include科陆电子 receiving 13.86 billion yuan from美的集团 (Midea Group) and开发科技 (Kefa Technology) raising 2.03 billion yuan in an IPO [14].

Core Viewpoint - The company, Wan Sheng Intelligent, plans to increase R&D investment and enhance collaboration with core customers to strengthen its market competitiveness in response to industry development opportunities [1] Group 1 - The company will optimize capacity and supply chain management to support the construction of new-type power grids with high-quality products [1] - The focus on R&D and collaboration aims to solidify the company's position in the market [1]

Core Viewpoint - Wan Sheng Intelligent (300882) is currently preparing its 2025 annual report, and investors are advised to refer to this report for an overview of the company's future outlook [1] Group 1 - The company is in the process of compiling its 2025 annual report [1] - Investors are encouraged to consult the 2025 annual report for insights into the company's overall situation and future prospects [1]

Core Viewpoint - Wan Sheng Intelligent (300882) addressed investor inquiries on its interactive platform regarding the specific circumstances of using the third level fair value measurement for trading financial assets, advising stakeholders to refer to the company's periodic reports for detailed information [1] Group 1 - The company is actively engaging with investors through its interactive platform [1] - The company emphasizes the importance of its periodic reports for understanding financial asset valuation [1]

Core Viewpoint - The company, Wan Sheng Intelligent (300882), is committed to increasing R&D investment and enhancing collaboration with core customers to strengthen its market competitiveness in response to industry development opportunities [1] Group 1 - The company plans to optimize capacity and supply chain management to support the construction of new-type power grids [1] - The focus on high-quality products is aimed at consolidating the company's market position [1]

Group 1 - The global smart meter market is projected to reach nearly $26 billion by 2024, driven by urbanization and smart city initiatives [1] - The residential segment dominates the global smart meter market, accounting for 86% of the total market share, while the commercial segment follows with approximately 10% [3] - The Asia-Pacific smart meter market is expected to reach $15 billion by 2024, reflecting a year-on-year growth of about 9.5% [5] Group 2 - The single-phase smart meter segment is the most significant in the Asia-Pacific region, representing 90% of the market share [6] - The Asia-Pacific region holds the largest share in the global smart meter market, with significant growth potential in underpenetrated markets in Africa and Latin America [9] - The global smart meter market is anticipated to reach $43.6 billion by 2030, indicating substantial growth opportunities [9]

Core Viewpoint - Wan Sheng Intelligent (300882) actively responds to national industrial policy guidance and prioritizes the layout of domestic supply chains in its supply chain management [1] Group 1 - The company emphasizes its commitment to aligning with national industrial policies [1] - Specific details regarding the supply chain are subject to commercial confidentiality and cannot be disclosed [1]

Core Viewpoint - Wan Sheng Intelligent (300882) emphasizes its main products, including smart meters and electricity information collection systems, which are widely used in smart grids, charging piles, and virtual power plants for energy measurement and data collection [1] Group 1 - The company's primary products are smart meters and electricity information collection systems [1] - These products are extensively applied in various sectors such as smart grids, charging piles, and virtual power plants [1] - The focus of these applications is on energy measurement and data collection [1]

Core Viewpoint - Wan Sheng Intelligent responded to investor inquiries regarding the specifics of its school-enterprise research and development cooperation, advising stakeholders to refer to the company's periodic reports and related announcements for detailed information [2] Group 1 - The company is engaged in school-enterprise research and development collaborations [2] - Investors are encouraged to consult the company's periodic reports for more information [2] - The response was made on January 20, indicating ongoing communication with investors [2]

Core Viewpoint - Wan Sheng Intelligent (300882) indicated that if the company's performance in 2025 meets the disclosure standards for performance forecasts, it will announce the forecast by January 31, 2026 [1] Group 1 - The company responded to investor inquiries on its interactive platform [1] - The announcement is in accordance with the Shenzhen Stock Exchange's rules for listing on the Growth Enterprise Market [1]