1月7日晚间，汇中股份（300371）公告，公司与Avnet Asia Pte Ltd.(以下简称"安富利")于近日续签《战 略合作协议》，将继续围绕汇中全系列产品全球市场销售、定制化产品联合研发两大核心方向开展全方 位战略合作。 在产品研发方面，双方可根据市场及客户需求合作开发定制化产品，包括但不限于数据采集和传输装置 等。除此之外，双方将针对汇中股份供应链管理的改善、优化加强交流与协作，共创发展契机。 除本次与安富利达成合作外，汇中股份在2025年6月宣布与Almaviva Bluebit公司签署战略合作协议，双 方将在意大利建立独家合作伙伴关系，并以开拓全球超声水表市场为目标，加强交流与协作。 2025年4月，汇中股份宣布拟在澳大利亚投资设立全资子公司，提升澳大利亚业务的海外生产、服务保 障能力。目前，前述子公司已完成设立登记。 早在2023年，汇中股份便与安富利建立了战略合作伙伴关系，近年来合作成效显著，成功实现资源互 补。公司表示，本次《战略合作协议》的续签，不仅印证了公司超声测流产品的性能与品质获得海外客 户的认可，同时或将对海外市场销售的长期稳定增长形成有力支撑。 在技术创新方面，汇中股份加大人 ...

近年来，沧州市场监管部门秉持"监管与服务并重、规范与发展同行"工作理念，在计量体系建设中充分 发挥组织、引导、推动、服务作用，依据《计量授权管理办法》及相关考核规范，深入企业开展政策解 读与技术帮扶，指导企业完善质量管理体系、提升设备与环境条件，有效夯实了申报基础，助力企业实 现技术升级和能力跃升。2025年以来，结合"计量服务中小企业行"活动，市场监管部门对接帮扶中小企 业383家，有效解决企业计量技术问题335项，减免企业计量检定校准费用480.12万元。 记者从沧州市市场监督管理局获悉，近日，沧州天仪仪器仪表有限公司天仪流量计量站顺利通过河北省 市场监督管理局现场评审，获得省级专项计量授权证书。 省级专项计量授权是省市场监管局依法授权给其他部门或单位的计量检定机构或技术机构，可在全省范 围内执行计量法规定的检定任务。据介绍，此次天仪流量计量站获批的授权涵盖涡街、涡轮、超声流量 计等10个项目，年检定能力达5000台（件），覆盖范围与精度等级均处于全省领先水平，填补了我市大 口径流量计检定领域的空白。资质取得后，我市及周边地区石油、化工、电力、冶金等重点行业企业能 够就近获得高效、优质的流量计检定校准服务 ...

Core Viewpoint - 汇中股份 is a leading company in the ultrasonic heat meter industry in China, with a strong full industry chain advantage and high product accuracy and stability [1] Group 1: Business Performance - In Q3 2025, 汇中股份 reported revenue of 345 million yuan, ranking 32nd among 61 peers, while the industry leader, 川仪股份, achieved revenue of 4.89 billion yuan [2] - The net profit for the same period was 71.02 million yuan, placing the company 22nd in the industry, with the top performer, 川仪股份, reporting a net profit of 469 million yuan [2] Group 2: Financial Ratios - 汇中股份 had a debt-to-asset ratio of 8.33% in Q3 2025, down from 9.32% year-on-year and significantly lower than the industry average of 27.43%, indicating strong solvency [3] - The gross profit margin for the same period was 49.17%, a decrease from 53.06% year-on-year but still above the industry average of 43.50% [3] Group 3: Executive Compensation - The chairman, 张力新, received a salary of 1.0852 million yuan in 2024, unchanged from the previous year [4] - The general manager, 冯大鹏, earned 414,400 yuan in 2024, also consistent with the prior year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 4.13% to 11,200, while the average number of circulating A-shares held per account decreased by 3.97% to 12,000 [5] - In Q3 2025, the company achieved revenue of approximately 131 million yuan (up 7.22% year-on-year) and a net profit of about 28 million yuan (down 16.9% year-on-year) [5] - For the first three quarters of 2025, total revenue was 345 million yuan (up 30.98% year-on-year) and net profit was 70 million yuan (up 27.98% year-on-year) [5] Group 5: Future Outlook - 国投证券 projects that 汇中股份 will achieve revenues of 459 million, 546 million, and 604 million yuan from 2025 to 2027, with growth rates of 19%, 18.9%, and 10.8% respectively [5] - The expected net profits for the same period are 88 million, 113 million, and 130 million yuan, with growth rates of 52.2%, 28.3%, and 15% respectively [5]

Core Insights - The article highlights the significant advancements in smart manufacturing and digital transformation within Shandong Province, particularly in the medical and industrial sectors [1][2][3] Group 1: Company Developments - Weigao Group has implemented an AI visual inspection system in its syringe manufacturing process, increasing annual production from less than 1 billion to over 2 billion syringes by 2024 [1] - Dongping Lichuang Technology Co., Ltd. has developed an industrial 4.0 water meter production line, achieving a 32% reduction in average energy consumption and a decrease of approximately 16,000 tons in annual carbon emissions [2] - Weiqiao Venture Group has established 13 smart factories, improving production efficiency by 37.5%, reducing product development cycles by 35%, and enhancing semi-finished product quality by 20.8% [3] Group 2: Industry Trends - Shandong Province is focusing on integrating digital technologies into its manufacturing sector, with a notable increase in the number of national industrial internet platforms and smart factories [2] - The province's industrial technology transformation investment has grown by 6% year-on-year from January to August this year [3]

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 Viewpoint - Huizhong Co., Ltd. (300371) has achieved significant growth in both revenue and net profit due to its deep technical expertise in ultrasonic flow measurement and global strategic layout, despite facing challenges in the domestic market [2] Financial Performance - In the first half of 2025, the company's operating revenue reached 213 million yuan, a year-on-year increase of 51.67% - The net profit attributable to shareholders was 41.558 million yuan, up 102.72% year-on-year - The net profit after deducting non-recurring gains and losses was 36.335 million yuan, a substantial increase of 122.31% year-on-year - Basic earnings per share were 0.21 yuan, an increase of 103.60% year-on-year [2] Overseas Market Growth - The overseas market has become a key driver for the company's performance, with overseas business revenue reaching 73.5964 million yuan, a staggering increase of 1920.58% year-on-year - Gross margin in the overseas market improved to 49.79%, an increase of 11.08 percentage points compared to the same period last year [3] Strategic Initiatives - The company has established a subsidiary in Australia and formed a strategic partnership with Italy's Almaviva Bluebit to enhance its overseas channel network - Continuous improvement in overseas market expansion capabilities and personalized service levels has effectively shaped the high-end product image of ultrasonic household water meters in international markets [3] Product Development and Innovation - The company invested 18.0814 million yuan in R&D in the first half of 2025, a year-on-year increase of 19.11% - Four new patents and seven software copyrights were authorized during the reporting period, bringing the total number of effective patents to 132 [5] Technological Advancements - The company is advancing both hardware and software products, focusing on optimizing performance and enhancing overseas adaptability - The SaaS platform has served 1,080 users in the water supply and heating sectors, a 0.9% increase from the previous year [6] Smart Manufacturing and Efficiency - The company employs a PDCA model for production management, focusing on quality, efficiency, and cost control - It has made breakthroughs in production capacity, quality, efficiency, and safety through self-built supply chains and digital enhancements [7] Future Outlook - The company aims to strengthen its brand influence and product competitiveness while optimizing management to enhance profitability [7]

Group 1: Company Overview and Product Line - Maito Instrument Co., Ltd. specializes in smart water metering and smart thermal metering, with a product range covering nearly a thousand specifications and models [3][4] - Key products include ultrasonic water meters, ultrasonic flow meters, smart fire hydrants, and smart flow control valves, along with proprietary management software and smart water management platforms [4][5] Group 2: Market Position and Competitive Advantages - The company holds a significant market share in the ultrasonic water meter sector due to its early entry and extensive application experience, with stable operation cases exceeding 10 years [5] - Core competitive advantages include proprietary technology in ultrasonic sensors and software platforms, leading to cost advantages and high measurement accuracy [5] - The company emphasizes a dual strategy of technology and marketing to maintain its competitive edge amidst market pressures [6][7] Group 3: International Market Expansion - The company is actively expanding into overseas markets, having obtained EU MID factory certification and CE qualification, although the sales cycle is longer due to customization and stringent technical requirements [8] - Participation in international exhibitions is part of the strategy to enhance market visibility and promote products [8] Group 4: Marketing Strategies and Plans - The company is developing marketing strategies to quickly capture market share, including recruiting high-end technical talent and expanding the sales team [9] - A "triangular" sales model combining sales, technology, and after-sales service is being implemented to explore new sales territories [9] Group 5: Smart Water Management Initiatives - The company has developed a comprehensive smart water management service platform that integrates various operational modules to address data silos and support decision-making [10] - The platform provides key operational metrics such as leakage rates, sales discrepancies, and energy consumption, along with automated reporting capabilities [10]

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]