WISCOM(SZ:002090)2022-12-06 11:16Business Expansion Initiatives - In 2015, the company actively expanded in four main business areas: power automation, smart city initiatives, power engineering design and EPC services, and new energy investment operations [2][3] - Acquired Shanghai Lingbu Technology and Zhongdian Xinyuan to enhance capabilities in power automation and enter the primary equipment manufacturing sector [3][4] - Focused on smart city operations, particularly in smart parking, and established an incubation fund for smart city business [3][4] Project Achievements - Successfully completed the 49.5MW wind farm project in Xinjiang, demonstrating the company's capability in managing large-scale wind power projects [3][4] - Acquired a 5MW solar power station in Bulgaria, further diversifying the new energy portfolio [4] Modular Substation Advantages - Modular substations are under expert evaluation by the State Grid but are not yet included in typical solutions [4] - Advantages over traditional substations include increased reliability, reduced land use, shorter construction times, and lower overall costs [4][5] Financial Performance - The electrical automation business for power generation and industrial enterprises has shown steady growth, with a focus on opportunities in power plant renovations and the renewable energy sector [5][6] - The company has transitioned its higher education information technology services to a subsidiary, with current revenues reflecting past contracts [5] Strategic Focus - The company maintains a balanced focus on both smart grid and smart city developments, employing different management strategies for each due to their distinct business dynamics [6]