RONGJI SOFTWARE(002474)2022-12-03 08:58Group 1: Company Overview and Background - Fujian Rongji Software Co., Ltd. has been serving the power industry since its inception in 1993, developing office systems for Fujian Electric Power Bureau and Huaneng Power Plant [4] - In 2002, the company established a joint venture with State Grid, holding a 40.7% stake in Yirong Information, which focuses on collaborative office and technology research in the energy sector [4] - The company has a significant presence in the power sector, with over 500,000 users covered by its collaborative office system [4] Group 2: IoT Development and Partnerships - In 2015, the company began to expand into the IoT sector, obtaining exclusive rights for the public service platform in Fujian [5] - A joint venture was established in June 2017 with a total investment of 10 million, where Rongji Software holds a 51% stake in Fujian Rongda IoT Technology Co., Ltd. [5] - The joint venture partners are key suppliers of energy information collection equipment for State Grid, with over 3 million smart meters connected [5] Group 3: Key Projects and Innovations - The main project in the IoT field is the monitoring and fault information collection system for end devices in the power grid, addressing the "last mile" issue in power system automation [6][7] - The system aims to improve reliability and service quality by providing real-time monitoring and proactive fault reporting [7] - The project has been operational since September 2018, achieving design requirements and aligning with the national power grid's objectives [8][9] Group 4: Market Goals and Future Plans - The company aims to contribute to the establishment of a ubiquitous power IoT by early 2021, leveraging over 10 years of experience in the power industry [9]