Core Viewpoint - LinYuan Energy has signed a supply contract for smart meters with Landis&Gyr Pty Ltd, which is expected to contribute approximately 5.69% to the company's audited revenue for 2024 [1] Group 1: Contract Details - The contract involves the supply of single and three-phase smart meter products over a delivery period of five years [1] - The total contract value is approximately $54 million, equivalent to about 383 million RMB [1] Group 2: Company Overview - LinYuan Energy primarily operates in three sectors: smart grid, new energy, and energy storage [1] - The company is a leading provider of smart power distribution products and system solutions, including smart meters and advanced metering infrastructure (AMI) solutions [1] Group 3: Market Strategy - The company aims to expand its domestic market vertically and its international market horizontally, participating in tenders from various power companies [2] - LinYuan Energy has sold products to over 50 countries and regions, leveraging strategic partnerships and acquisitions to secure overseas orders [2] Group 4: Financial Performance - In the first half of 2025, LinYuan Energy reported a revenue of 2.481 billion RMB, a year-on-year decrease of 28.35%, and a net profit of 324 million RMB, down 45.88% [2] Group 5: Global Expansion Efforts - The company is enhancing its global presence by deepening its strategic market engagement and localizing operations [3] - LinYuan Energy has established a joint venture in the Middle East and is expanding its market share in Central and Eastern Europe, particularly in Poland [3] - The company has delivered over one million smart meters in Asia and is establishing a regional headquarters and manufacturing base in Indonesia to support its expansion in Southeast Asia [3]
林洋能源获海外智能电表订单 合同总金额3.83亿元