Willfar(SH:688100) Chang Jiang Shang Bao·2025-12-04 00:32Core Viewpoint - The company, Weisheng Information (688100.SH), has secured multiple contracts totaling 65.32 million yuan, representing 2.38% of its audited revenue for 2024, indicating strong order backlog and growth potential in the energy IoT sector [1][2]. Group 1: Order Backlog and Revenue - As of September 2025, the company has an order backlog of 3.824 billion yuan, providing a solid foundation for future performance [3]. - In the first three quarters of 2025, the company achieved revenue of 2.112 billion yuan, a year-on-year increase of 8.8%, and a net profit attributable to shareholders of 474 million yuan, up 12.24% year-on-year [2]. Group 2: International Revenue and Market Position - The company's overseas revenue reached 398 million yuan, growing by 20.98% year-on-year, accounting for 18.84% of total revenue [4]. - Weisheng Information is positioned as a leading technology enterprise in global energy digitalization, with a comprehensive solution capability across the energy IoT sector [4]. Group 3: Research and Development - The company has consistently increased its R&D investment, with total R&D expenses reaching 1.011 billion yuan over the past five years, reflecting a commitment to innovation [5]. - As of the end of Q3 2025, the company holds 754 valid patents, including 204 invention patents, showcasing its technological advancements [5]. Group 4: Dividend Policy - The company has distributed a total of 1.22 billion yuan in cash dividends for the 2025 interim period, with cumulative dividends exceeding 1.08 billion yuan since its listing [6]. - Weisheng Information has committed to maintaining a minimum dividend payout ratio of 40% over the next five years starting in 2025 [6].