WISCOM(SZ:002090)2022-12-06 11:14Group 1: Main Business Overview - The company's main business is divided into two categories: energy power sector and smart city sector [2][3] - In the energy power sector, the company has expanded from power automation products to smart distribution networks, acquiring Shanghai Shengdong in 2013 and entering the smart distribution field [3][4] - The company achieved significant results in the national grid's unified procurement in 2014 and 2015, including winning bids for smart distribution terminal systems [3][4] Group 2: Modular Substation Development - The company has developed modular substations, which are characterized by high reliability, compact layout, reduced construction volume, and lower overall costs compared to traditional substations [4] - Modular substations are primarily applied in the renewable energy sector and large industrial enterprises, with significant market demand anticipated [4] Group 3: EPC Services and Renewable Energy Projects - The company has matured its EPC services since acquiring Beijing Qianhua Technology in 2011, becoming one of the best-performing design institutes in the domestic wind power design field [4] - The company has invested in and developed the Changji Mulei Laojun Temple Wind Farm (49.5MW), which achieved full grid connection by the end of November 2015 [5] - The company also acquired a 5MW photovoltaic power station in Bulgaria, expanding its operational scale in the region [5] Group 4: Smart City Initiatives - The company actively participates in smart city construction, achieving stable growth in areas such as intelligent transportation and smart buildings [5][6] - The company has established a smart city incubation fund, investing up to 2 million yuan in technology and product development related to its business [6][7] - The company is exploring acquisition opportunities in the smart city sector, focusing more on the technology and growth potential of target companies rather than their qualifications [7] Group 5: Future Development and Strategic Plans - The company is considering opportunities in the new energy vehicle sector, which is closely related to the development of smart distribution networks [7] - The company plans to further research incentive measures following the current stock option incentive plan, aiming to enhance business promotion [7]