Core Viewpoint - Wasion Holdings has secured three overseas contracts in 2023, enhancing its international presence and brand recognition in the smart meter market [1][2] Group 1: Contract Details - Wasion Mexico signed a smart meter supply agreement with the Mexican Federal Electricity Commission (CFE) valued at over 238 million RMB, contributing to a total of approximately 791 million RMB in contracts won in Mexico by 2025 [1] - Wasion Tanzania won a smart meter contract worth about 61 million RMB from the Tanzania Electric Supply Company (Tanesco) [1] - The total value of the three contracts amounts to over 852 million RMB, indicating significant growth in overseas markets [2] Group 2: Market Position and Strategy - CFE is the dominant player in Mexico's electricity sector, serving around 50 million users, while Tanesco is the sole state-owned power company in Tanzania, serving approximately 15 million users [2] - Wasion Holdings aims to establish Tanzania as its business hub in East Africa, with plans to expand into Uganda, Kenya, and Mozambique [1][2] - The company is focused on maintaining a stable order flow for smart meters in Africa and is also exploring new projects in energy storage [2] Group 3: Company Overview - Wasion Holdings is a leading domestic energy measurement and efficiency management enterprise, offering solutions in smart metering, communication, and fluid measurement [1] - The company has a significant market share in China and exports its products to various regions, including Asia, Africa, and Europe [1]

Core Viewpoint - Wasion Holdings has secured three overseas contracts in 2023, enhancing its international presence and brand recognition in the smart meter market [2][3] Group 1: Contract Details - Wasion Mexico signed a smart meter supply agreement with the Mexican Federal Electricity Commission (CFE) valued at over 238 million RMB, contributing to a total of approximately 791 million RMB in contracts won in Mexico for 2025 [2] - Wasion Tanzania won a smart meter contract worth about 61 million RMB from Tanzania Electric Supply Company (Tanesco), marking Tanzania as a key business hub in East Africa [2][3] - The total value of the three contracts amounts to over 852 million RMB, indicating significant growth in overseas markets [3] Group 2: Company Background and Market Position - Wasion Holdings is a leading domestic energy measurement and efficiency management company, offering three core business areas: electric smart metering solutions (AMI), communication and fluid metering solutions, and smart power distribution systems [2] - The company serves a diverse client base, including utility companies and large industrial clients, with a strong market share in China and exports to various regions including Asia, Africa, and Europe [2] Group 3: Future Outlook - The company aims to continue securing stable smart meter procurement orders in Africa while actively exploring new projects such as energy storage [3] - Wasion Holdings has established R&D centers and production facilities in both Mexico and Tanzania, with plans to expand into surrounding markets to enhance local competitiveness [3]