XINTIAN TECHNOLOGY(SZ:300259)2025-04-29 09:22Industry 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]