SANXING(SH:601567)2024-10-08 08:41Group 1: Company Overview and Market Position - Ningbo SANSING Medical Electric Co., Ltd. has successfully delivered multiple overseas projects, including the PUMA smart meter renovation project in Sweden, achieving a collection rate exceeding 99.9%, significantly higher than the industry average [1] - The company has been deeply engaged in the European smart meter market for over a decade, covering 16 countries and establishing factories in Poland and Germany [2] Group 2: Market Trends and Projections - As of the end of 2022, the penetration rate of smart meters in EU countries was 56%, up from 53% at the end of 2021, with an expected deployment of 106 million smart meters from 2022 to 2027, raising the penetration rate to 74% by 2027 [2] - The company anticipates a compound annual growth rate exceeding 30% in the European market due to various encouraging policies, including mandatory smart meter deployments in Germany [2] Group 3: Financial Performance and Expectations - The company aims for a non-net profit growth of no less than 123% in the smart distribution and utilization sector, targeting a non-net profit of at least 1.785 billion yuan in 2024, based on a 2022 baseline of 800 million yuan [3] - In the medical services sector, the company projects a revenue growth of no less than 100% in 2024, targeting a revenue of at least 2.798 billion yuan, with plans to add no fewer than 10 new hospitals [3] Group 4: Business Development and Expansion - As of the first half of 2024, the company has established 34 hospitals, including 28 rehabilitation hospitals, with a total bed count exceeding 10,000 [3] - The company has expanded its rehabilitation medical chain by acquiring a 65% stake in Guangzhou Lingnan Health Valley Hospital and establishing five new hospitals [3]