ZHONGYEDA(SZ:002441)2022-12-03 10:18Business Overview - The main business of Zhongye Da Electric Co., Ltd. involves distributing industrial electrical components through its own sales network and manufacturing integrated systems and complete sets of products [1] - The company positions itself as an industry-leading "industrial electrical service provider," serving end-users in power, petrochemical, industrial, transportation, energy, and various infrastructure sectors [1] - The distribution business is the primary operational segment, contributing significantly to revenue and profit, with a focus on power distribution and industrial automation products [1] Sales Performance - In 2017, Zhongye Da Mall achieved sales of approximately CNY 460 million, which increased to CNY 1.71 billion in 2018, and reached CNY 450 million in the first quarter of 2019 [3] - The top five suppliers in 2018 were Schneider, ABB, Siemens, Changshu Switch, and Shanghai Renmin Electric, accounting for a significant portion of the company's procurement [2] E-commerce Platform Comparison - Zhongye Da Mall differentiates itself as a specialized digital service platform for industrial electrical products, unlike other e-commerce platforms that extend from B2C to B2B [3] - The platform aims to enhance operational efficiency through digitalization, while other platforms focus on rapid market coverage [3] - Zhongye Da Mall targets a comprehensive range of industry clients, including OEMs, system integrators, and MRO customers, contrasting with other platforms that primarily serve wholesale traders [3] Research and Development - In 2018, the company's R&D investment was CNY 29.69 million, reflecting a year-on-year increase of 62.8% [3] - Ongoing R&D efforts focus on prefabricated charging stations, charging piles, and various control systems [3] Charging Business - The company is developing a megawatt-level prefabricated charging station with a cloud-based remote management platform [4] - Currently, Zhongye Da has sold nearly 40 charging stations and operates 4, covering over ten cities nationwide [4]