WISCOM(SZ:002090)2024-06-17 01:56Financial Performance - The company achieved a revenue of 1.616 billion CNY in 2023, representing a year-on-year growth of 101.52% [2] - Net profit for the year was 604.96 million CNY, with a profit from continuing operations of 451.43 million CNY, marking a growth of 5.80% [2] - The company has effectively optimized its asset structure and cash flow, leading to a decrease in expense ratio [2] Project Bids and Contracts - The company has secured approximately 300 million CNY in large-scale bids from the State Grid in 2024, primarily for power transmission and distribution products [3] - A significant portion of these projects is related to distribution network projects [3] - The company has also been involved in smart city projects, providing various solutions for the State Grid and its subsidiaries [3] Client Base and Market Position - The company's electrical automation products primarily serve clients in the thermal power, renewable energy, petrochemical, and coal industries [3] - It has maintained a high market share by winning contracts with major power groups such as Huaneng, Huadian, Datang, and others [3] - In the renewable energy sector, the company has successfully bid for multiple photovoltaic and wind power projects [3] Future Growth Strategies - The company aims to enhance its smart energy business, focusing on carbon neutrality and new power system development [4] - Plans include expanding into non-power enterprise users and developing strategic businesses like low-carbon parks and energy storage [4] - The company is also working on improving the gross profit margin of its smart city projects and self-developed software products [4]