Goldcard(SZ:300349)2022-11-21 16:18Group 1: Company Performance and Sales - The company expects sales in the water sector to exceed 100 million in 2021, having established partnerships with over 300 clients, including major water service providers [3][4] - The company has over 30 TUS-type ultrasonic flow meters in trial operation with large group clients, showing good results [3] - The company reported a significant increase in revenue, with a full order backlog and normal business operations [4][5] Group 2: Cost Control and Profitability - The company controls costs through optimizing product design, leveraging scale advantages, improving supply chain automation, and ensuring stable raw material supply [3][4] - Approximately 90% of accounts receivable are due within one year, indicating a strong cash flow management strategy [5] Group 3: Market Trends and Future Growth - The smart water meter/flow meter market is projected to reach 14 billion RMB during the 14th Five-Year Plan, with the secondary water supply market expected to reach 38 billion RMB [8] - The penetration rate for smart water terminals in China is about 30%, while smart gas terminal penetration is around 56% [8] - The company aims to maintain a leading position in both water and gas sectors, focusing on digital solutions and smart applications [9] Group 4: Strategic Initiatives and Innovations - The company is investing in R&D for digital measurement solutions, including smart controllers and IoT platforms, to enhance its competitive edge [6][9] - The company plans to expand its cloud service offerings and explore new business models to drive revenue growth [6][9] - The implementation of the new safety production law is expected to increase demand for the company's gas safety solutions [8]