WISCOM(SZ:002090)2022-12-08 01:31Group 1: Company Overview and Business Segments - Jiangsu Jinzhitech Co., Ltd. is a well-known enterprise in the domestic power automation industry, focusing on R&D, production, and sales of electrical automation products for power plants and industrial enterprises [2][3] - The company has a nearly 80% domestic coverage rate for its microcomputer fast-switching devices, which were the first of their kind applied to 300MW, 600MW, and 1000MW units [3] - The ECMS system "DCAP-4000" has maintained the leading market share in the domestic market since its launch [3] Group 2: Smart Grid and Automation Solutions - The company launched an internationally leading smart substation solution in 2008, with successful applications in key demonstration projects for the State Grid Corporation [4] - In the first half of 2015, the company won contracts worth 181 million yuan in the State Grid's bidding for transmission and transformation projects [4] - The acquisition of Shanghai Shengdong in late 2013 marked the company's entry into the smart distribution network sector, achieving significant results in national procurement in 2014 and 2015 [4] Group 3: Renewable Energy Investments - The company has invested in three photovoltaic power stations in Bulgaria, with a total capacity of 10MW, which are currently operating well [6] - A wind farm with a capacity of 49.5MW in Xinjiang is expected to be completed and connected to the grid by the end of the year [6] - Investments in wind and photovoltaic power stations typically have a construction period of 6-12 months before generating revenue [6] Group 4: Strategic Partnerships and Financial Investments - The company is planning to increase its investment in China Financial Leasing Co., Ltd. to leverage synergies in the renewable energy and smart city sectors [7] - The collaboration aims to explore a new model that combines production and finance, with the leasing company providing funding for projects developed by Jinzhitech [7] Group 5: Smart City Initiatives - The company's smart city business includes traditional areas such as smart transportation and security, as well as innovative models focusing on smart parking solutions [8] - Significant projects include smart construction for the Shanghai World Expo and various security systems for major events in Nanjing [8] - The company is actively expanding its business into regions like Xinjiang, achieving good progress [8] Group 6: Corporate Restructuring - In 2009, the company decided to no longer develop its higher education information business due to its limited correlation with core operations and associated risks, transferring all related equity and software copyrights in December 2010 [9]