XC-TECH(SZ:300139)2022-12-08 03:18Group 1: Company Overview - The company operates in integrated circuit design and smart energy meter manufacturing, forming a complete industrial chain from design to application [2][3] - The company has developed capabilities for in-depth product development across various stages of the industrial chain, providing comprehensive solutions for power companies and energy meter suppliers [3] - The company is actively expanding internationally, with projects in Asia, West Africa, and South Africa, establishing a solid platform for global development [3] Group 2: South Africa Project - The E City government is facing severe infrastructure issues, leading to significant losses due to water and electricity wastage [4] - The company aims to collaborate with E City to implement a smart grid metering and monitoring system to enhance operational management and service quality [4] - The project includes a unified billing system for water and electricity, currently in the experimental network construction phase [4] Group 3: Revenue and Market Share - Currently, overseas business revenue constitutes a significant portion, while domestic business revenue is relatively low [4] - The company’s overseas projects are replicable, especially in South Africa, where approximately 170 cities face similar issues [4] - The company is constructing a 20MW solar power station in Ghana, expected to generate around 600 million kWh over 25 years, with an average annual output of 25 million kWh [5] Group 4: Domestic Market and Future Plans - The company acknowledges a decline in domestic market share due to increasing competition but remains committed to domestic market development [5] - Future funding needs for projects will be addressed through refinancing, bond issuance, and bank financing, depending on actual circumstances [5] - The company plans to continue expanding its projects in West Africa, aiming for a complete industrial chain from electricity consumption to generation [6] Group 5: Management and Incentives - The company emphasizes the importance of local promotion and has established a team for project execution, with core management and R&D personnel dispatched from China [6] - Consideration for equity incentives is on the agenda, with plans to introduce relevant programs when appropriate [6] - The company ensures compliance with information disclosure regulations, maintaining transparency and accuracy in communications with investors [7]