Xintian Technology Wins RMB 58.2 Billion Smart Meter Purchase Project

[China Instrument Network Instrument Company] On September 26, Xintian Technology announced that the company recently received the “Notice of Winning the bid” issued by the Anshan City Water Supply Corporation in Liaoning Province and the company in the Anshan City, Anshan City Water Supply Corporation. For the separation and handover of three industries and one industry, the wireless remote intelligent water meter procurement project of the water supply facility renovation project was reviewed by the expert team and confirmed that the company was the successful bid supplier, and the successful bid was RMB 0.582 billion.

(Image from the Internet, invaded)

The company stated that the company has won the bid for the separation and transfer of “three industries and one industry” from the Anshan Central Government of Anshan City Water Supply Corporation – the wireless remote intelligent water meter procurement project of the water supply facilities renovation project, which shows that the company’s brand and product quality have been obtained from Anshan City Water Supply Corporation. Widely recognized. If the project is successfully implemented, it will have a positive impact on the company's 2017 and 2018 revenues and profits.

The company's wireless remote intelligent water meter business successfully entered the Anshan City Water Supply Corporation, highlighting the company's momentum in the development of smart meter business is good, the company will also take this opportunity to establish a good strategic cooperative relationship for the company's late wireless remote intelligent water meter The business lays a solid foundation for further expansion in Anshan City and Northeast China.

According to the company, on June 11, 2016, the SASAC and the Ministry of Finance of the State Council issued the Guiding Opinions on the Separation and Transfer of "Three Industries and One Industry" for the employees' families in state-owned enterprises. State-owned enterprises (including central enterprises and local state-owned enterprises) provide water supply, power supply, heating (gas supply) and property management (collectively referred to as "three-for-one-one-business") separation and handover of employees' family members, and carry out necessary maintenance and reconstruction of related equipment and facilities. Reach households and set up households, pay according to households, and submit them to socialized management by specialized companies or institutions. By the end of 2018, they will basically be completed. Starting from 2019, state-owned enterprises will no longer bear the relevant expenses for the "three-for-one-one-business" workforce in the employee's family area.

The guidance of three industries for separation and transfer of relevant national policies will be beneficial to the accelerated application of smart water meters. As a benchmarking company and leading enterprise in the smart water meter industry, the company will also benefit significantly from the implementation of the “three for one industry” project in the future.

(Original title: Xintian Technology won the bid for smart meter procurement project)