新天科技分析师会议-20250522

Group 1: Report Overview - The report is about a research on New Tian Technology in the instrument and meter industry on May 22, 2025 [1][2][17] Group 2: Research Details 1. Basic Research Information - Research object: New Tian Technology [17] - Industry: Instrument and meter [17] - Reception time: 2025 - 05 - 22 [17] - Company reception staff: Board Secretary Yang Dongling and Financial Controller Xu Wenliang [17] 2. Detailed Research Institutions - The reception objects include investors' online questions and others [20] 3. Investor Questions and Company Responses - Dividend and rights confirmation: The specific implementation of the company's 2024 annual equity distribution will be announced later [24] - Market value management: The company has not formulated a market value management system but has an investor - relations management department [24] - Photovoltaic inverter R & D: The photovoltaic inverter product is still in the R & D stage [24] - Market share decline: The company optimized its customer structure to manage cash - flow and reduce the risk of non - recovery of accounts receivable [25] - Stock repurchase: The company has implemented share repurchases in the past [25] - Gas merger fund: The company has no participation in a gas merger fund [25] - Kent Electric's listing: Kent currently has no plan to go public [25] - Future performance growth points: Future sales growth of smart water, heat, and agricultural water - saving products will positively impact the company's performance [25] - Role in urban renewal: The company's products are used in the intelligent management of public utilities and will benefit from the construction of smart cities [25][26] - Q1 performance decline: Q1 is usually a low - season for the company with a small proportion of annual sales [26]