泽宇智能20240529

Company and Industry Overview * Company: Zeyu Intelligent, a private enterprise specializing in power informatization with over 20 years of experience. * Industry: Power informatization, focusing on digital transformation and smart grid solutions. * Geographical Focus: Initially based in Jiangsu Province, expanding to other provinces in China. Key Points Business Progress and Goals * 2024 Goals: Achieve a 30% growth rate in order revenue, with a focus on expanding commercial business and new product development. * 2023 Achievements: Achieved a 15-20% growth rate in order revenue, exceeding the target set for the year. * 2024 Order Book: Approximately 1.3 billion RMB as of April 2024, providing a solid foundation for achieving the 30% growth target. Market and Industry Trends * Grid Investment: Grid investment in power informatization is expected to increase, driven by the new leadership at State Grid Corporation of China and the growing demand for digital and intelligent solutions. * New Product Development: Zeyu Intelligent is focusing on developing new products, including virtual robots for inspection, power prediction products for power stations, and optical fiber management products for substations. * New Energy Business: Zeyu Intelligent is exploring opportunities in the new energy sector, particularly in the areas of EPC and project investment. Financials and Operations * Profitability: Expected to improve in the second quarter of 2024, driven by a recovery in project profitability and the launch of new products. * Cash Flow: Maintaining a prudent approach to cash usage, focusing on investments in businesses closely aligned with power informatization and new energy sectors. * Personnel: Continuing to expand the workforce, particularly in research and development and technical service teams. Regional Expansion * Provincial and National Expansion: Currently, the business is approximately 60% in Jiangsu Province and 40% in other provinces. Zeyu Intelligent aims to further expand its presence in other provinces. * South China Expansion: Established a subsidiary in Guangdong Province to explore opportunities in the South China market, particularly in the areas of power station design, system integration, and application integration. Future Outlook * New Product Launches: Expected to launch new products in the second half of 2024, focusing on products that meet the needs of the power grid and new energy sectors. * Profit Growth: Expected to see profit growth in line with revenue growth, driven by the expansion of new energy business and the improvement of profitability in South China. * Investment Opportunities: Continuously exploring investment opportunities in businesses closely aligned with power informatization and new energy sectors.