威胜信息：9月中标5个项目 金额合计2.87亿元 10月9日，威胜信息（688100）发布公告称，公司9月份中标中国南方电网有限责任公司2025年计量设备 第一批框架招标、国家电网有限公司2025年第五十三批采购（营销项目第二次计量设备招标采购）等5 个项目，以上项目中标金额合计为2.87亿元，占公司2024年度经审计的营业总收入的10.45%。 资料显示，威胜信息成立于2004年5月，主营业务是生产和销售电监测终端、水气热传感终端、通信模 块、通信网关、智慧公用事业管理系统产品。 所属行业：通信–通信设备–通信终端及配件 福田汽车：9月份汽车产品总销量同比增长6.08% 10月9日，福田汽车（600166）发布公告称，公司9月汽车产品销量为5.53万辆，同比增长6.08%；1-9月 累计销量达48万辆，同比增长10.94%。其中，新能源汽车9月销量达8624辆，同比增长47.09%；1-9月累 计销量7.43万辆，同比大增113.36%。 资料显示，福田汽车成立于1996年8月，主营业务是车辆与移动装备、零部件、数字科技和商业生态。 所属行业：汽车–商用车–商用载货车 *ST建艺：拟签订《单晶硅项目投资合作 ...

Core Viewpoint - Weisheng Information Technology Co., Ltd. has shown a significant stock price increase of 5.19%, reaching 37.70 CNY per share, with a total market capitalization of 18.537 billion CNY [1] Company Overview - Weisheng Information was established on May 8, 2004, and went public on January 21, 2020. The company is located in Changsha High-tech Industrial Development Zone, Hunan Province [1] - The main business involves the research, production, and sales of IoT hardware and software products, including electric monitoring terminals, water and gas thermal sensing terminals, communication gateways, communication modules, and smart public utility management system software [1] - The revenue composition of the main business includes: Communication gateways (32.56%), Electric monitoring terminals (28.92%), Communication modules (19.41%), Smart public utility management systems (12.25%), Water and gas thermal sensing terminals (6.39%), and Others (0.48%) [1] Fund Holdings - Dachen Fund has a significant holding in Weisheng Information, with its Dachen Specialized and New Mixed A Fund (014651) holding 51,000 shares, representing 4.72% of the fund's net value, ranking as the sixth-largest holding [2] - The fund has a total scale of 34.1169 million CNY and has achieved a year-to-date return of 20.12%, ranking 4277 out of 8173 in its category [2] Fund Manager Performance - The fund manager of Dachen Specialized and New Mixed A Fund is Yu Weiye, who has been in the position for 1 year and 266 days. The fund's total asset size is 758 million CNY [3] - During Yu Weiye's tenure, the best fund return was 40.03%, while the worst return was 8.4% [3]

Company Overview - Weisheng Information Technology Co., Ltd. is located in Changsha High-tech Industrial Development Zone, Hunan Province, and was established on May 8, 2004. The company was listed on January 21, 2020. Its main business involves the research, production, and sales of IoT hardware and software products, including electric monitoring terminals, water and gas thermal sensing terminals, communication gateways, communication modules, and smart public utility management system software, providing overall solutions for smart public sectors [1][2]. Financial Performance - As of June 30, 2025, Weisheng Information achieved operating revenue of 1.368 billion yuan, representing a year-on-year growth of 11.88%. The net profit attributable to shareholders was 305 million yuan, with a year-on-year increase of 12.24% [2]. - The company has distributed a total of 1.08 billion yuan in dividends since its A-share listing, with 750 million yuan distributed over the past three years [3]. Stock Performance - On September 11, Weisheng Information's stock price increased by 2.02%, reaching 36.45 yuan per share, with a trading volume of 59.6646 million yuan and a turnover rate of 0.34%. The total market capitalization is 17.922 billion yuan [1]. - Year-to-date, the stock price has risen by 2.15%, with a 3.73% increase over the last five trading days, 6.80% over the last 20 days, and 8.35% over the last 60 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders is 7,437, a decrease of 10.94% from the previous period. The average circulating shares per person increased by 12.29% to 66,113 shares [2]. - Among the top ten circulating shareholders, Guotai Intelligent Automotive Stock A (001790) ranks as the ninth largest shareholder, holding 3.6456 million shares, an increase of 194,200 shares from the previous period. Hong Kong Central Clearing Limited has exited the top ten circulating shareholders list [3]. Industry Classification - Weisheng Information is classified under the Shenwan industry as Communication - Communication Equipment - Communication Terminals and Accessories. It is also associated with concept sectors including SOC chips, artificial intelligence, chip concepts, Alibaba concepts, and smart cities [2].

Core Viewpoint - The Hunan Securities Regulatory Bureau is actively engaging with listed companies to enhance communication and address challenges, aiming to promote high-quality development in the region's capital market [1][2] Group 1: Company Insights - The Hunan Securities Regulatory Bureau conducted on-site visits to listed companies, including Weisheng Information and Huazi Technology, to understand their operational development, technological innovation, and investor relations management [1] - Weisheng Information, as Hunan's first company listed on the Sci-Tech Innovation Board, focuses on the energy IoT sector, offering products such as electric monitoring terminals and smart utility management systems [1] - Huazi Technology specializes in automation and intelligent technology, providing core hardware and software products for sectors like energy and environmental protection, including new energy control devices and lithium battery production equipment [1] Group 2: Regulatory Engagement - During the visits, the Hunan Securities Regulatory Bureau emphasized the importance of enhancing capital operations and investment value for listed companies, encouraging increased R&D investment to strengthen technological advantages [1][2] - The regulatory body also addressed issues related to cost reduction and efficiency, highlighting the need for companies to focus on their core business, comply with regulations, and utilize tools like mergers and acquisitions and refinancing to optimize governance structures [2]

Investment Rating - The report maintains a "Strong Buy" rating for the company [4]. Core Views - The company is a leading provider of energy IoT solutions, showcasing strong internal growth momentum with significant revenue and profit increases projected for the coming years [7]. - The international expansion strategy has yielded notable results, with a focus on the Middle East and the establishment of an overseas factory in Indonesia, driving substantial growth in international revenue [7]. - The company is well-positioned to benefit from increased investments in the domestic power grid, with a projected total investment of over 6,500 billion yuan by the State Grid in 2025 [7]. - The development of self-researched chips creates a competitive edge, ensuring a robust order backlog that supports future growth [7]. - The company is expected to see significant profit growth from 2025 to 2027, with attractive valuation metrics [7]. Company Overview - The company specializes in providing comprehensive IoT solutions across the entire industry chain, including sensing, networking, and application layers [12]. - Key products include electric monitoring terminals, water and gas sensors, communication gateways, and IoT application solutions [12][16]. Financial Data and Valuation - Projected total revenue for 2023 is 2,225 million yuan, with a year-on-year growth of 11%, and expected to reach 6,146 million yuan by 2027 [3]. - The net profit attributable to shareholders is projected to grow from 525 million yuan in 2023 to 1,280 million yuan in 2027, reflecting a compound annual growth rate of approximately 27% [3]. - The company’s current price-to-earnings (PE) ratio is 31.3, expected to decrease to 12.8 by 2027, indicating an attractive valuation [3]. Industry Overview - The electric monitoring terminal market is experiencing rapid growth due to the acceleration of smart grid construction and the digital transformation of industries [25]. - The demand for water, gas, and heat sensing terminals is increasing, driven by the need for efficient resource management in urban public utilities [28]. - Communication modules are essential for enabling data transmission between devices, with a growing market for smart home and industrial applications [32]. Investment Logic - The company’s early market positioning and dual growth drivers from the Middle East and emerging markets are expected to create future value [7]. - Record-breaking investments in the power grid are anticipated to enhance the company’s growth prospects in the smart grid sector [7]. - The collaboration with leading enterprises and strategic partnerships in the IoT space strengthens the company’s market position [20][21].