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According to the data, Xingyuan's main products include direct-reading remote water meters, Internet of things water meters, ultrasonic water meters, horizontal-wing detachable large-diameter remote water meters, photoelectric direct-reading detachable screw-type water meters, photoelectric direct reading vertical Helical-wing water meters, semi-electronic water meters, etc. In 2013, 2014, and January-April 2015, operating income was 47.48 million yuan, 58.43 million yuan, and 15.58 million yuan, respectively, and revenue was rising steadily. Among them, in January-April 2015, the top five customers of Xingyuan Instrument Sales were Wuzhou Water Group Co., Ltd., Wuhan Pan-Asia Electrical and Mechanical Equipment Co., Ltd., Shenzhen Xingyuan Dingxin Technology Co., Ltd., and Suzhou Sujingyuan Waterworks. Engineering Co., Ltd. and Changzhou Xingxinyuan Intelligent Instrument Co., Ltd. accounted for 35.03% of operating revenue.
As of the disclosure of information, the company has a total of 16 granted patents. Among them, there are 1 invention patent and 15 utility model patents. There are 8 patents pending for application and review. In addition, there are 16 software copyrights. As of April 30, 2015, the company had 69 employees, including 13 R&D personnel. The company's investment in research and development over the years is about 4% of the total turnover.
According to industry analysts, driven by the national industrial policy, the market demand for smart metering devices has grown strongly. Not only are prices higher, gross margins are also much higher than traditional mechanical watches, and strong demand for smart watch products and high gross profit margin levels will attract more. More manufacturers entered the industry, resulting in lower product prices and gross margins. Xingyuan's R&D investment is limited. If it cannot continue to upgrade its technology level and enhance its innovation capability in the future, it may be at a disadvantage in market competition.
At this point, Xingyuan Instrument has adopted corresponding policies. At the Tencent 2015 Global Partner Conference held on October 22nd. Xingyuan Instrument, as an important partner in cooperation with Tencent Infrastructure Planning and Design Department to develop an intelligent building platform, attended the meeting. Liu Qingbo, general manager of the company, said that he is developing a water meter with “QQ propertyâ€.
[Chinese instrument network enterprise weather vane] According to the information disclosure of the national small and medium-sized enterprise's share transfer system, Shenzhen Xingyuan Intelligent Instrument Co., Ltd. listed the new three boards on November 10, 2015 and issued 20.5 million shares. At present, Xingyuan Instrument is mainly engaged in the R&D, manufacturing and sales of various types of smart remote water meters, general machinery water meters, water supply management systems and application software. The actual controlling shareholder of Xingyuan Instrument is Shenzhen Xingyuan Dingxin Technology Co., Ltd., which was originally a secondary enterprise of Shenzhen Water Group - established in 1993 and is currently the largest pipeline and steel structure engineering enterprise in Shenzhen. It is worth noting that Ningbo Water Meter Co., Ltd. owns 18% of Xingyuan Dingxin, and Ningbo Water Meter Co., Ltd. is the largest supplier of Xingyuan Instrument and one of its largest competitors.