XJEC(000400)2025-05-22 09:48Group 1: Smart Meter Business - The bidding situation for smart meters by State Grid and Southern Power Grid in 2025 is still pending, with no results published yet [1] - The company is actively expanding its smart meter business in South America, Southeast Asia, and Africa [1] Group 2: Dividend Distribution - The cash dividend for 2023 was 302 million CNY, with a dividend rate of 30% [1] - The total cash dividend for 2024 is expected to be 427 million CNY, an increase of 125 million CNY compared to 2023, with a dividend rate of 38.22%, up by 8.22 percentage points [1] Group 3: Stock Repurchase and Market Performance - The company is closely monitoring stock price fluctuations and market performance but currently has no stock repurchase plan [2] - The stock price has decreased from a high of 37 CNY to 21 CNY, prompting discussions on market value management [2] Group 4: Charging Pile Business - The charging pile market is highly fragmented, and the company provides smart charging solutions for electric vehicles [2] Group 5: Revenue Growth and Profitability - The revenue for the smart transformer and distribution system segment in 2024 is projected to grow by approximately 3% [2] - The company achieved a revenue of 4.711 billion CNY in the smart distribution system segment in 2024, maintaining growth [2] - The overall gross margin for Q1 2025 was 23.47%, an increase of 5.20 percentage points year-on-year [3]