On February 27, Willfar Information Technology Co.Ltd(688100) released the annual report of 2021. The report shows that the company’s operating revenue in 2021 was 1.826 billion yuan, a year-on-year increase of 26.03%; The net profit was 341 million yuan, a year-on-year increase of 24.02%.
For the company’s achievements in 2021 and future strategic planning, Zhong Xiyu, Willfar Information Technology Co.Ltd(688100) board secretary, said in an interview with Securities Daily: “In 2021, the company’s digital power grid, smart ecology and other businesses grew steadily, continued to increase R & D investment, and made remarkable achievements in independent innovation. In the future, the company will still rely on its own digital technology accumulation and rich experience reserve to promote the construction of new power systems and digital twin cities, and help achieve the national ‘double carbon’ goal.”
digital power grid market share industry leader
In 2021, Willfar Information Technology Co.Ltd(688100) with rich technology and experience reserves, helped the construction of new power grid and led the industry in market share. In the field of digital power grid, the company won all bid sections in the centralized procurement bidding of power information acquisition materials projects of State Grid and China Southern Power Grid, ranking first in the past two years. The company’s broadband power line carrier module was shortlisted among 23 provincial power companies in 2021, with a total bid winning amount of nearly 330 million yuan in provincial procurement bidding, ranking second in market share.
“While the market share continues to lead, the company continues to focus on cutting-edge technologies and continuously improve its core competitiveness in the field of digital power grid.” According to Zhong Xiyu, the company’s “research and application project of key technologies and core devices of low-voltage intelligent distribution for digital power grid” and “development and industrialization application project of core intelligent terminal in power Internet of things intelligent distribution station area” were successfully selected into the key R & D plan project of Hunan Province in 2021 and 100 landmark projects of Hunan Province’s “new digital infrastructure” respectively; “Integrated energy service platform project based on blockchain technology” was selected into the first batch of regional chain + energy list selected by 17 ministries and commissions such as the central network information office and the general office of the State Council; As the only enterprise outside the network, it participated in the national key R & D plan project of “key technologies of digital power grid” of China Southern Power Grid Digital Research Institute and achieved phased results.
Strong R & D strength is the foundation and foundation for the company to continuously expand its market share. According to the annual report, the company invested 177 million yuan in R & D in 2021, a year-on-year increase of 36.51%, accounting for nearly 10% of revenue. During the reporting period, the company obtained 65 patents and 78 software copyrights; A total of 657 valid patent authorizations have been obtained, including 97 invention patents and 24 national standards.
empowering smart city to help implement the “double carbon” goal
“Under the ‘double carbon’ initiative, low-carbon development has become the consensus of global development, and digital smart city, as the inevitable trend of efficient urban governance and low-carbon development, is stepping into the accelerated development track.” Zhong Xiyu said that the company can provide diversified solutions such as comprehensive energy, smart power distribution, smart charging, smart fire fighting and smart water affairs, enable multiple enterprises and industries, provide comprehensive solutions for a wide range of application scenarios for cities, enterprises, parks and buildings, and effectively contribute to the implementation of the “double carbon” goal.
It is understood that in 2021, the company reached strategic cooperation with Tencent to build a new industry ecology based on SaaS solution, aiot platform and “Tencent Lianlian” of digital intelligence city, and promote the global integration and channel symbiosis of industrial Internet and industry; Weiming energy, a subsidiary of Weiming energy, introduced the strategic investment of Tencent venture capital and accelerated the layout of the company in the field of industrial Internet by combining the strategic resources of technology, market, channel and brand of both sides. In addition, during the reporting period, the company’s joint solutions also achieved landing and benchmarking demonstration in projects such as the Fire Department of Changsha high tech Zone, Dake smart Park of Xiangjiang new area and Yunnan Menghai Pu’er tea industrial park.
In the context of the state’s policy of actively promoting power grid construction and digital smart city, A brokerage analyst who has been following Willfar Information Technology Co.Ltd(688100) for a long time said in an interview with Securities Daily: “power grid construction, especially UHV and distribution network, will usher in an acceleration period. Willfar Information Technology Co.Ltd(688100) as the first tier supplier of State Grid and China Southern Power Grid, is expected to usher in new development opportunities.”
“In the field of smart cities, smart water is also expected to enter a golden period of development. Willfar Information Technology Co.Ltd(688100) and its Weiming energy accelerate the layout in the field of smart cities. They have accumulated rich experience in diversified energy efficiency management of smart water and other cities, and are expected to accelerate their growth under the policy dividend.” The above analysts believe that Willfar Information Technology Co.Ltd(688100) is expected to open up new growth space with the steady progress of the “double carbon” goal and the opportunity to accelerate the development of digital power grid and digital smart city.
