本次能源展会上，由宁水集团自主研发的Wireless MBus-LoRaWAN双通信模组产品及相关计量解决方案 受到行业专家及与会嘉宾广泛关注；该方案从欧洲不同地区应用场景和客户诉求出发，基于公司多款精 确可靠的机械计量基表，凭借通用模块广泛适配性及模组通信方式灵活组合的优势切入痛点，并结合客 户用表习惯及当地通讯现状进行特殊定制，切实解决客户面临的实际问题，进一步推动区域内智能计量 发展进程。与此同时，广大与会嘉宾亦对宁水集团全系列智能水表及浙江宁水水务科技有限公司（以下 简称"宁水科技"）的管网相关设备展现出浓厚兴趣，并就具体需求与项目展开重点探讨；展会期间，宁 水集团展台专业观众络绎不绝，洽谈交流密集有序，现场氛围热烈高涨，充分彰显了公司在水表行业内 地位与品牌影响力。 多年来，宁水集团始终秉持"一业为主，做精做强"经营理念，针对欧洲各地不同应用场景和市场需求， 量身定制契合当地用表习惯与通讯环境的智能供水方案，切实解决客户痛点；展望未来，公司将持续深 耕智能计量领域，发挥行业优势，联动全球产业链，助力世界数智化转型，突破瓶颈，迈向智慧水务快 速发展新阶段。 2025年11月18日至20日，2025年欧 ...

Core Viewpoint - The development of smart agricultural markets in Hengyang, Hunan, enhances consumer trust and market efficiency through the implementation of digital measurement products and smart technology [1] Group 1: Smart Agricultural Market Features - The smart agricultural market in Hengyang features real-time information display on pricing, quality testing results, and measurement data through a digital screen [1] - The introduction of smart fair scales ensures accurate measurements, allowing consumers to verify weights at designated re-check points [1] - The transformation of traditional markets into modern smart markets has improved consumer experience, making purchasing more convenient and reliable [1] Group 2: Economic Impact - The smart measurement industry in Hengyang is being developed as a new economic growth point, benefiting both the local economy and consumers [1] - The full-process traceability system from farm to table enhances consumer confidence and has led to increased business for vendors [1] - The modernization of markets through smart technology has resulted in a more vibrant trading environment, with merchants experiencing improved sales [1]

Group 1 - The core viewpoint of the news is that Xintian Technology's stock has seen a significant increase, with a 5.6% rise on November 4, reaching a price of 4.34 CNY per share, and a total market capitalization of 5.077 billion CNY [1] - Xintian Technology has experienced a continuous upward trend in its stock price for three consecutive days, with a cumulative increase of 4.58% during this period [1] - The company, established on November 2, 2000, specializes in the research, production, sales, and technical services of smart metering instruments and systems, including smart water meters, heat meters, smart gas meters, and smart electric meters [1] Group 2 - According to data, Dachen Fund has a significant holding in Xintian Technology, with its Dachen Dynamic Quantitative Allocation Strategy Mixed A Fund (003147) holding 136,600 shares, accounting for 1.09% of the fund's net value [2] - The fund has achieved a year-to-date return of 52.36%, ranking 907 out of 8,150 in its category, and a one-year return of 61.04%, ranking 553 out of 8,043 [2] - The fund manager, Xia Gao, has a tenure of 10 years and 337 days, with the fund's total asset size at 2.494 billion CNY, and the best and worst returns during his tenure being 224.94% and -71.74%, respectively [2]

Financial Performance - The company reported a total revenue of 167 million yuan for the first half of 2025, an increase of 11.73% year-on-year [1] - The net profit attributable to shareholders reached 35.4 million yuan, up 10.8% compared to the previous year [1] - The gross profit margin was 48.23%, a decrease of 5.37% year-on-year, while the net profit margin was 21.18%, down 0.83% [1] - The company’s accounts receivable amounted to 362 million yuan, representing 456.86% of the net profit, indicating a significant level of receivables [1][3] Business Model and Market Position - The company operates primarily in the smart water metering and smart heat metering sectors, with a wide range of products used in urban water supply and energy management [4] - The company has a strong competitive advantage in the ultrasonic water meter market due to its early entry and extensive application experience [4] - The core technologies and components are developed in-house, providing cost advantages and enhancing product quality [5] Marketing and Sales Strategy - The company is actively expanding its marketing strategy by recruiting high-end technical talent and increasing the sales team’s capabilities [7] - A "triangular" sales model combining sales, technology, and after-sales service is being implemented to enhance market penetration [7] International Expansion - The company is making efforts to penetrate overseas markets, having obtained various certifications such as EU MID and CE, which are crucial for international sales [6] - Although the sales cycle for international markets is lengthy due to customization and testing requirements, initial results show promise [6] Technological Development - The company has developed a comprehensive smart water management platform that integrates various operational modules to support decision-making for clients [8] - This platform addresses issues such as data silos and provides critical operational metrics, enhancing overall service delivery [8]

Core Insights - Hunan has positioned the intelligent weighing instrument measurement industry as a key component in building a modern industrial system [1] - The Hengyang Intelligent Weighing Instrument Measurement Industrial Park has seen significant investment and development, with 26 companies signed since its opening on May 20 [1][2] Group 1: Industry Development - Hengyang's industrial foundation supports the development of the intelligent weighing instrument measurement industry, with 37 out of 41 industrial categories represented [2] - The park has established a complete measurement service ecosystem, enhancing the growth potential of the industry [1] - The intelligent measurement industry is expected to achieve an output value of 13 billion yuan (approximately 1.3 billion) this year [3] Group 2: Policy Support - The Hunan provincial government has implemented policies to support the industrial park, including funding applications, loan interest subsidies, and talent cultivation [2] - A special policy from the National Market Supervision Administration aims to streamline approval processes and strengthen measurement standards [2] - A 2 billion yuan (approximately 200 million) industrial sub-fund has been approved, with the first phase of 1 billion yuan (approximately 100 million) open for market fundraising [2] Group 3: Technological Advancements - Companies in the park are leveraging international certifications and technological breakthroughs to enhance product performance and market competitiveness [1][2] - Collaborations with institutions like the China National Institute of Metrology and universities are fostering innovation in smart detection technologies [2]

Group 1: Current Business Operations - The company has developed a product system covering intelligent water and heat metering, with nearly a thousand specifications, widely used in urban water supply, centralized heating, and fire safety [3] - Main products include ultrasonic water meters, ultrasonic flow meters, intelligent fire hydrants, ultrasonic heat meters, and intelligent flow control valves [3] Group 2: Future Development Plans - The company operates three intelligent manufacturing plants, with a modern production line in the 38-acre Xiyan Road plant and a large-caliber flow calibration capability in the 92-acre Hori Mountain plant [4] - An 80-acre plant is under construction, which will fully integrate digital production lines, enhancing the company's industrial layout in ultrasonic metering [4] - Management is confident in the ultrasonic water meter market, with over 10 years of application cases and increasing customer recognition [4] Group 3: Market Expansion Strategies - The company has focused on ultrasonic fluid measurement technology since its inception, with initial products for heating measurement [5] - National policies support the ongoing reform of heating measurement, ensuring stable development for ultrasonic heat meters [5] - The company is actively expanding into overseas markets, having obtained EU MID factory and product certifications, and participating in international exhibitions [6] - Although the overseas market development has a longer sales cycle due to customization and strict technical requirements, initial results are promising [6]