Xintian Technology will produce 4 million smart watchs in the second half of the year

[China Instrument Network Instrument Enterprise] On February 23rd, Xintian Technology answered questions from investors on the annual production capacity of smart meters on the interactive platform. The company said that the company currently has a production capacity of about 3 million units and the new park has a total designed capacity of 4 million. The company's production capacity is still being further accelerated. It is expected that 4 million will reach full capacity in the second half of 2018.

Picture from Xintian Technology

According to relevant data, Xintian Technology mainly engages in the R&D, production, sales, and service of civilian smart metering instruments and systems. It covers four major series of smart water meters, heat meters, smart gas meters, and smart meters as well as supporting system equipment and system software.

Xintian Technology is positioning the leading domestic smart meter company, and its market share in the smart meter industry is ranked first in the industry. The current development of the smart meter industry has entered an opportunity period. The smart meter can effectively solve the three major pain points of the traditional meter industry and has been widely used in the global scope. According to the "13th Five-Year Plan for Development of Water Meter Industry", it is pointed out that during the "Thirteenth Five-Year Plan" period, domestic sales of smart water meters accounted for 40% of sales of all water meters. Xintian Technology seized the opportunity to realize the multiple layout of smart meter business by optimizing the customer structure, laying out NB-IoT Internet of Things tables, and promoting smart water products.

Recently, Xintian Technology stated that the company's smart water meters have been used by the Xiong County Water Company. The company also has a special person responsible for the Xiong'an New District market operation. The company will seize the opportunities of the smart watch market and actively participate in the construction of the smart city in the Xiong'an New District, and strive for more. Xiong'an New District Project.

Xintian Technology, under the premise of consolidating the advantages of smart water meters, realizes the extension of the product chain to smart gas meters, smart heat meters, and smart meters, and effectively leverages the cooperation of remote communications, battery life, and other technologies on numerous products. In addition, on the basis of smart watches, the company is expected to gradually shift its business focus from end products to system services through data collection, transmission, analysis, etc., and transform from smart watch companies to smart energy companies.

In 2017, Xintian Technology signed a strategic cooperation agreement with Hainan Minsheng and Hainan Telecom. The three parties actively integrate various resources and jointly carry out special technical research on NB-IoT smart meter reading, Internet access, and information application projects, speed up the construction of NB-IoT network coverage, and jointly create a new ecology of Hainan's gas IoT industry.

(Source: Panorama Network, Eastern Fortune Network, Cloud Finance, Xintian Technology)