Ningbo water meter 2017 revenue of 814 million yuan net profit of 121 million yuan

[China Instrument Network Instrument Company] Recently, the Ningbo Water Meter announced its 2017 annual financial report. The report shows that in 2017, the company’s operating income was 814 million yuan, a decrease of 1.46% from the same period of last year; the net profit attributable to shareholders of the listed company was 121 million yuan, The same period last year fell 7.18%.

Picture from Ningbo Water Meter

Ningbo water meter is mainly engaged in R&D, production, sales and service of various types of water meters, and covers various water metering products such as smart water meters and mechanical water meters. With the application of “one household, one meter” project, energy saving and emission reduction, new urbanization, smart city, step water price, and Internet application, the water management department has improved management efficiency, management cost, and intelligence in order to facilitate monitoring and control. The demand for meters and systems is increasing.

Smart water meters are high-tech products that have been developed in recent years based on modern electronic sensing technologies and information network technologies, relying on information management requirements to achieve remote transmission, automatic reading, automatic control, etc., along with smart cities. With the continuous development of ideas and practices, smart water meters will represent the development direction of the water meter industry and go into millions of households.

Under the background of this industry, Ningbo water meter revolves around the development strategy of “mainly focusing on one industry and making it better and stronger”. In accordance with the annual business objectives, it insists on market demand as the guide, and the national policy requires that the water measurement industry be highly accurate. The development of intelligent and systematic direction has increased the investment in R&D and technological innovation, strengthened the company’s core competitiveness, and achieved steady development of its main business. Among them, the smart meter business has achieved remarkable results. The series of products developed rapidly in tandem and the market share of smart water meters increased further, consolidating the company's position as a leader in the water meter industry.

In March 2017, Shenzhen Water Group, China Telecom, and Huawei Technologies Co., Ltd. were jointly involved, and the world’s first intelligent water project based on NB-IoT (narrow-band Internet of Things technology) was officially commercialized in Shenzhen. The smart water meters used were all in Ningbo. The NB-IoT wireless intelligent water meter developed and produced by the water meter has a data transmission reporting rate of 100%. The intelligent water meter is connected to Shenzhen Wisdom Water's big data management platform through a telecommunications network, enabling meter reading, online monitoring, and big data analysis. Water information applications.

In addition to the Shenzhen Water Group in China, Ningbo Water Meters successively won bids for NB-IoT wireless smart water meter projects of many large water utilities such as Shanghai Pudong Veolia Water Supply Co., Ltd. and Lhasa Water Supply Company. Following the installation and testing in Australia on the international market, the company has also cooperated with Vodafone Spain to carry out batch trials of NB-IoT wireless smart water meters in Spain.

Ningbo Water Meter provides a series of water metering, monitoring, and data transmission solutions including water meters, mechanical water meters, and related application software for water companies, industrial companies, and real estate customers in different regions of the world through independent R&D, design, and production. , And provide comprehensive after-sales service.

(Source: Beibei, Ningbo Water Meter, China News)