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From the perspective of its main business, mechanical water meters are still the main source of income for Ningbo water meters, but the proportion of smart water meters is constantly rising and is expected to exceed 25% in 2016. For the smart metering business, Ningbo Water Meter also formulated a corresponding development strategy in 2016. For example, we continue to strengthen the research on the smart cloud platform (operation management system) invested by Hangzhou Yunrun Technology Co., Ltd., focusing on research and development of product terminals based on smart water (Internet), and industrial mergers and acquisitions around the smart water industry.
Major events in 2015 In August, the company’s postdoctoral workstation was successfully upgraded from the provincial level to the national level.
In September, the smooth review and replacement of the central laboratory was the only laboratory in China's water meter industry that was certified by a national professional institution. The company maintains the status of the first water meter leading enterprise that has established and only owns a national laboratory.
In October, the successful bidder of the Ministry of Commerce of the People's Republic of China assisted the Cuban water meter project and successfully produced and delivered a total of 230,000 water meters, including 35,000 smart water meters, in a short period of time according to the requirements of the country.
In November, through the “new three boards†review, the stock was publicly transferred in the nation’s small and medium sized share transfer system and incorporated into the supervision of non-listed public companies.
Ningbo water meter operating revenue of 732 million yuan in 2015
According to the “2015 Annual Report†recently published by Ningbo Water Meter Co., Ltd., its operating income reached 732 million yuan, among which water meter sales revenue ranks first in the country among all listed and listed companies. Ningbo Water Meter says this is because more than 1,900 customers worldwide have chosen Ningbo water meters. It is worth mentioning that the operating income of 732 million yuan decreased by 7.95% compared with the same period of last year, but the net profit reached 093 million yuan, a year-on-year increase of 11.24%. The decrease in revenue was mainly due to the company's transfer of 51% of the original holding of Ningbo Jinhai Instrument Co., Ltd. in March 2015. At the same time, affected by the new three boards listed in November 2015, total assets increased by 8.90% year-on-year.