XINTIAN TECHNOLOGY(SZ:300259)2022-12-04 07:18Group 1: Industry Growth Factors - The smart water meter industry has accelerated significantly due to regulatory support from the National Market Supervision Administration and the Ministry of Housing and Urban-Rural Development, which issued guidelines in 2019 [1][2] - The replacement period for civil water meters is now strictly enforced at 6 years, leading to increased demand for new installations and replacements [2] - The rapid development of the IoT industry, driven by policies from the Ministry of Industry and Information Technology, has further propelled the smart meter sector, with NB-IoT network coverage expected to reach urban areas by the end of 2020 [2] Group 2: Company Development and Market Position - Xintian Technology has established an early advantage in the NB-IoT technology space, positioning itself well in the smart gas meter market [3] - The company aims to increase its market share in smart gas meters, targeting to be among the top three in the industry by leveraging its existing large customer base [3] - Following the acquisition of Shanghai Kent, the company has seen significant growth in commercial flow meters, with net profits rising from 10 million yuan before the acquisition to nearly 70 million yuan in 2019 [4] Group 3: Product Applications and Innovations - The company's smart water metering system is designed for large users, focusing on trade settlement, monitoring, and leak detection, which enhances water resource management [3] - Products include smart electromagnetic water meters and flow meters, widely used in various industries such as water conservancy, petrochemicals, and metallurgy [3] - The demand for large-caliber electromagnetic flow meters and water meters is increasing due to the push for smart water management by major water companies [4]