XINTIAN TECHNOLOGY(SZ:300259)2022-12-03 09:50Group 1: Financial Performance - The significant increase in accounts receivable in 2017 was primarily due to the expansion of new gas meter industry clients and the inclusion of the newly acquired subsidiary, Shanghai Kent Instrument Co., Ltd., in the consolidated financial statements [1][2]. Group 2: Market Position and Development - The gas meter business has shown rapid growth, with a doubling of performance in 2017, following successful market positioning and partnerships with major gas suppliers such as China Resources Gas and Honghua Gas [2][3]. - The company has been a leader in the smart meter industry for 18 years, with strong technical capabilities and market experience, having developed key technologies independently [2][3]. Group 3: Future Strategies - The company plans to enhance its market position in the smart gas meter sector by focusing on large gas group business expansions and seizing opportunities from projects like "coal-to-gas" and "three supplies and one industry" [3]. - Ongoing development and pilot applications of NB-IoT smart meters are underway, with successful products already introduced, laying a solid foundation for future promotions [3][4]. Group 4: Synergy Between Business Lines - The integration of smart water management and smart meter businesses is expected to create a mutually beneficial relationship, enhancing overall operational efficiency and market reach [4]. - The company has established itself as a leading player in the smart meter industry, with a comprehensive understanding of water utility needs, which supports the growth of its smart water management products [4].