Core Viewpoint - Zhuhai Water Control Group's subsidiary, Zhuhai Water Technology, has successfully developed an IoT smart water meter that has passed national authority approval, achieving international advanced technical standards [1][5]. Group 1: Product Features and Performance - The LXSYW series IoT smart water meter can measure as little as 1 liter of water flow and utilizes a unique bubble intelligent filtering algorithm to ensure accurate data even in the presence of air bubbles [1]. - A pilot application of 111 smart water meters in a residential community showed a 100% data collection success rate, a reduction in leak response time from an average of 3 days to seconds, and a 40% decrease in pipeline leak rates [1][3]. - The smart water meter features a pluggable communication module that allows for quick replacement within 3 minutes, ensuring zero user disruption and service continuity [3]. Group 2: Technological Advancements - The smart water meter is equipped with an NB-IoT wireless transmission module, enabling remote real-time data collection and monitoring, which supports digital and refined management [3]. - The device employs an epoxy resin encapsulation process for its electronic module, enhancing its waterproof capabilities and reducing equipment failure rates in harsh environments [3]. Group 3: Strategic Implications - The successful development and application of the IoT smart water meter represent a significant step for Zhuhai Water Technology in the smart water management sector, contributing to the efficient management of water resources [5]. - The company aims to enhance water resource conservation, improve supply efficiency, and ensure water safety, thereby supporting high-quality urban development [5].

Industry Overview - The overall industry growth has slightly slowed down due to financial pressures faced by local governments, impacting project timelines [2] - The market for smart water meters, gas meters, and thermal meters remains significant, driven by national policies promoting smart transformation [2][4] Future Development Prospects - The company is engaged in the development and sales of IoT smart meters and solutions, which are essential for smart city and digital rural construction [4][5] - The rise of digital economy and new technologies (5G, IoT, AI) is expected to create broader development opportunities for the industry [4][5] Key Drivers of Profit Growth - Strong market demand driven by the digital economy and the push for smart city initiatives [5] - Transformation in customer management models is increasing the demand for smart products to address high leakage rates in water supply systems [5][6] - The company’s extensive technical capabilities and innovation have established a competitive advantage, with hundreds of patents and participation in over 50 industry standards [6][7] Financial Performance - In 2024, the company reported a revenue of 89,011.56 million yuan, a decrease of 18.07% compared to the previous year [7] - The net profit attributable to shareholders was 19,161.17 million yuan, down by 10.49% year-on-year [7] - Despite external challenges, the company remains optimistic about future growth opportunities in smart infrastructure sectors [7]

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