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In recent years, China’s economy is facing a lot of downward pressure. In 2014, China’s GDP grew by 7.4%. This growth rate hit a new low since 1990, and economic development has slowed down significantly. The state has guided China’s economy into a strategic emerging industry.
In addition, the real estate industry has experienced a downturn since 2013. With the exception of first-tier cities, housing prices in all large and medium-sized cities have dropped to varying degrees, and the transaction volume has dropped significantly, which has caused an impact on the water supply and drainage industry.
In the face of the impact of the sluggish development of these industries, Sanchuan shares can still make a profit in a difficult situation, which is not easy. Now is the era of “Internet+â€. The country is vigorously promoting the price policy of stepping water prices and building smart cities. This is a challenge for traditional water meters. Sanchuan has taken it as an opportunity and brought development to itself.
The Internet of Things meter is the “magic weapon†that meets the challenge after Sanchuan’s adjustment strategy. It is the first new product introduced by Sanchuan Co., Ltd. in China. In the future, the company will focus on the first and second-tier cities, focusing on the intelligent direction of the Internet of Things meter. This is also the main part of Sanchuan’s development strategy in recent years.
The wisdom of formulating such a development direction was confirmed in the third quarter financial report announced this time. During the reporting period, Sanchuan Co., Ltd.’s smart watch sales increased by 32.76% year-on-year in the third quarter, and sales revenue increased by 43.57% year-on-year, accounting for the main business. 25.37% of total business income.
Sanchuan Co., Ltd. uses its own characteristics of Internet of things water meter products to bring a lot of benefits to the company. As the main partners of 800,000 water meter intelligent transformation of water supply companies, such as Mudanjiang and Jiamusi, Sanchuan shares to Longjiang environmental protection including smart water meter products and Comprehensive intelligent water service platform including services.
In the future, Sanchuan has signed an agreement with Zhangjiakou City Water Supply Equipment Co., Ltd., one of the cities hosted by the 2022 Winter Olympics, to provide 100,000 IoT water meters and related services for the urban water renovation in Zhangjiakou. With the development of the times, the Internet of Things meter will enter every household and create more markets. Basically, it is predicted that in the next quarter, the sales volume of Smart Watches of Sanchuan will continue to grow, bringing profits to the company.
As can be seen from the report, with the development of intelligent strategies, all industries are affected by certain influences, and in response to changes in the trend of the times, it is necessary to work out a development model that best meets the current status of the industry and will not be eliminated. Sanchuan Co., Ltd. grasps the impact of the Internet of Things era on the water meter industry, and can preemptively promote the construction of a smart water service platform and become a company that is at the forefront of development.
[Chinese instrument network enterprise weather vane] Jiangxi Sanchuan Water Meter Co., Ltd. recently released its financial report for the third quarter of this year. According to the report, sales of smart watch sales have increased since January-September, and profit growth has been mainly due to the company's active implementation of smart strategies and increased efforts to promote the Internet of Things meter.