July 16, 2020

Sanchuan Wisdom expects 2017 net profit to drop 20% YoY to 45%

[China Instrument Network Instrument Company] On January 29, Sanchuan Wisdom issued a performance forecast. The company expects net profit attributable to shareholders of listed companies from January to December of 2017 will be 73.470 million yuan to 107 million yuan, a year-on-year change of -45% to -20%. The average net profit growth rate of the instrumentation industry was 30.98%.

Picture from Sanchuan Wisdom
Regarding the reasons for the change in performance, the company believes that during the reporting period, the company invested a large amount of manpower and resources in the R&D and commercial promotion of the NB-IoT Internet of Things meter, and successfully developed a series of NB-IoT Internet of Things meters, such as photovoltaic, non-magnetic, ultrasonic, etc. Significant progress has been made in commercial applications of networked water meters. At present, the company has completed the replacement of more than 60,000 water meters in Yingtan City, Jiangxi Province, and has built the first-ever application demonstration project of the NB-IoT Internet of Things meter in the industry.
According to the “Notice of the Ministry of Industry and Information Technology on Promulgating the List of 2017 Smart Manufacturing Pilot Demonstration Projects” (Ministry of Industry and Information Technology, Quanxing [2017] No. 426), Sanchuan Wisdom’s Pilot Demonstration of Remote Operation and Maintenance of Intelligent Water Meters has successfully entered the national category. Smart Manufacturing Pilot Demonstration Project and Industrial Internet Application Pilot Demonstration Project.
As a leading company in the water meter industry, Sanchuan Wisdom has actively implemented its intelligent strategy, launched the IoT Smart Watch, and the “Four-in-one” project, docked the NB-IOT agreement and further increased its investment in smart water. At the same time, Huawei has established a strategic cooperative relationship with Huawei to apply the narrow-band Internet of Things (NB-IoT) technology to smart meter products, jointly building smart water applications, and developing smart water related products and services.
Sanchuan Wisdom has actively transformed itself from a water meter supplier to an “Internet+” smart water service provider, and further expanded its water business, including water operations, water monitoring, and water data services, to improve the company’s business chain and enhance the company’s The core competitiveness and profitability.
(Source: Flushing Finance, Sanchuan Wisdom, Galaxy Securities)

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