WISCOM(SZ:002090)2022-12-06 05:30Group 1: Financial Performance - As of March 31, 2017, the cumulative sales revenue from the Inner Mongolia project reached 198 MW, with 447 million CNY recognized in 2016 [2] - The first quarter of 2017 reported a sales revenue of 270 million CNY (unaudited) [3] - The company's gross profit margin for power design and EPC contracting decreased in 2016 due to the high revenue contribution from the Inner Mongolia project, which lowered the overall margin [3] Group 2: Business Development - The company anticipates significant growth in the distribution network market due to the delegation of procurement rights to provincial companies by the State Grid in 2017 [3] - The modular substation business has seen a positive trend, with new orders totaling 114 million CNY, including a bid for five modular substations worth over 33 million CNY from China Huadian Group [5] - The company is expanding its production capacity with the new factory expected to double output by the second half of 2017 [5] Group 3: Regional Operations - The smart city business is primarily concentrated in East China, particularly in Shanghai and Jiangsu, with significant breakthroughs in Xinjiang and Anhui [6] - In 2016, the company secured contracts worth 150 million CNY in Xinjiang, with revenue recognition expected in 2017 [6] Group 4: Renewable Energy Operations - The company's wind farm in Xinjiang experienced lower-than-expected revenue due to high curtailment rates, but improvements are anticipated in 2017 [6] - The three solar photovoltaic plants in Bulgaria (totaling 10 MW) are performing well, providing stable investment returns [6]