Goldcard(SZ:300349)2023-08-18 09:38Group 1: Company Overview - JinKa Intelligent Group Co., Ltd. is focused on smart gas solutions and IoT applications for gas companies [1] - The company has developed a comprehensive IoT business system that includes smart terminals and data platforms [2] Group 2: Product Development - JinKa has launched the TUS model ultrasonic flowmeter, which received OIML0.5 certification in January 2023, indicating high accuracy and reliability [3] - The TUS ultrasonic flowmeter is being applied in long-distance pipelines and urban gas scenarios, with ongoing business expansion efforts [3] Group 3: Financial Performance - The company has a strong customer base primarily consisting of large group clients, which contributes to a low risk of receivables [3] - The overall receivables risk is manageable, and the company is committed to enhancing its receivables management [3] - There has been a noted decrease in dividends over the past two years, despite continuous profitability, with the company emphasizing shareholder returns [4] Group 4: Future Directions - JinKa is exploring new applications in hydrogen measurement and process measurement, while also venturing into distributed photovoltaic energy as a business expansion attempt [4] - The company does not plan to manufacture smart electric meters as part of its current projects [4]