FOREVER TECHNOLOGY(SZ:300365)2022-12-03 09:52Group 1: Company Overview and Business Model - The company is positioned as an information service provider for smart grids, offering integrated and specialized services throughout the entire lifecycle of smart grid projects [3]. - The business structure has been reorganized into three main segments: design, infrastructure management, and power distribution [3]. - The company is transitioning to a SaaS model, providing online services and building a community to connect suppliers in the energy internet ecosystem [3][4]. Group 2: Market and Industry Trends - The energy sector is increasingly focusing on efficient energy utilization and the development of a comprehensive energy service model [4]. - The number of registered power trading companies reached approximately 3,500 by the end of 2017, with market-based electricity transactions accounting for 26% of total electricity consumption [4][5]. - The company’s power distribution segment accounted for 17.39% of total revenue in 2017, indicating a significant contribution to overall business [5]. Group 3: Future Growth and Development - The company anticipates substantial growth opportunities as the benefits of electricity system reforms are just beginning to materialize [6]. - The market for comprehensive energy services is expected to expand significantly, driven by the push for clean energy and cost reduction [6]. - The company currently employs around 1,100 people, with future growth in personnel expected to be moderate, focusing on core technical and management roles [7]. Group 4: SaaS Product Development - The company has signed contracts with over 240 power trading companies for its SaaS products, showcasing a strong competitive advantage in the industry [5]. - The SaaS product lines include design, infrastructure management, and power distribution, with a focus on leveraging new technologies like BIM for enhanced service delivery [6]. - The growth of enterprise users is primarily driven by design firms and power distribution companies, indicating a targeted market approach [7].