HMJT(SZ:002356)2022-12-07 09:10Group 1: Company Overview and Operations - The company is considering entering the power distribution sector when conditions are favorable [2] - The Huizhou production base officially commenced operations after relocation in November 2014 [2] - The company has initiated sales of smart water meters, which are regionally focused and primarily target local water authorities [2] Group 2: Financial Performance - Expected revenue from the diamond jewelry segment is approximately 800-900 million CNY per carat, while the meter business is projected to generate around 500 million CNY [3] - The company's revenue increased more than 100% in the first quarter, primarily due to sales from the diamond jewelry segment [4] Group 3: Strategic Plans and Market Position - The acquisition of Henan Yiteng was driven by its profitability and technological advantages, but the company has decided not to pursue further acquisitions in this area [3] - Future development will focus on extending the diamond jewelry product line and exploring financial derivatives, alongside solidifying the meter business [5] Group 4: Industry Insights and Challenges - The meter industry has technical barriers, particularly for electric meters, with specific requirements set by the State Grid [6] - The company is developing core technologies in gas and water meters, ensuring high value-added products while maintaining control over essential technology [6] Group 5: Workforce and Growth Outlook - The company employs over 1,000 staff, including around 300 sales personnel and 200 technical staff [7] - The company aims for steady growth in revenue and profit, emphasizing innovation and stability in its operations [7]