IESLAB(SZ:002339)2022-12-08 01:24Group 1: Product Lines - The company primarily operates in two major business segments: power automation and public utility automation, both of which are steadily developing [1] - In power automation, the product range includes systems for dispatch automation, substation automation, distribution automation, and electricity automation [2] - The company is one of the few domestic manufacturers providing both dispatch and distribution main station products, with a stable market share [2] Group 2: Market Performance - The market share for substation automation products fluctuates around the 8th position in national grid company tenders [2] - The company’s electricity automation products rank in the top 10 for several years in national grid tenders, with continuous growth in contract amounts [2] - Public utility automation contracts are growing at approximately 30%, while power automation contracts show stable growth [3] Group 3: Customer Distribution and Investment - Major customers include domestic national grid companies, regional power companies, and large gas and water companies, with external market contracts accounting for about 5% [3] - Investment growth from national grid companies has slowed, but the company’s comprehensive product line and stable public utility business mitigate investment risk [3] Group 4: Gas and Water Business - The company has completed over 200 smart gas solution projects nationwide, with sales figures ranking among the top in the domestic market [4] - The smart gas solution integrates various systems, and the contract amount exceeded 80 million last year, with expectations for further growth this year [4] - The company’s smart remote water meters have been deployed in over 10 provincial capitals, achieving the highest market share in that segment [4]