Huaxi Securities Co.Ltd(002926) 03 issued a research report on March 3, saying that it maintained the buying rating of Dongfang Electronics Co.Ltd(000682) ( Dongfang Electronics Co.Ltd(000682) .sz, latest price: 7.24 yuan). The reasons for rating mainly include: 1) the construction of ubiquitous Internet of things + the rapid release of epidemic demand, and the electricity meter has ushered in explosive growth; 2) Orders in China’s smart meter market are scattered, and the competition pattern tends to be stable; 3) Dongfang Electronics Co.Ltd(000682) Weston: a leading enterprise in smart meters. Risk tips: 1) market share is squeezed by competitors; 2) The investment of State Grid and South grid is less than expected; 3) Systemic risks caused by economic downturn; 4) Manage risk.