On April 19, Willfar Information Technology Co.Ltd(688100) released the report for the first quarter of 2022. The company achieved an operating revenue of 376.81 million yuan, an increase of 19.36% year-on-year; The net profit attributable to the parent company was 65.09 million yuan, a year-on-year increase of 22.54%; Non net profit deducted reached 61.8 million yuan, a year-on-year increase of 28.27%. In the first quarter, the company signed 573 million yuan of new contracts, an increase of 41.08% year-on-year. As of the end of the reporting period, the contracts in hand were 1.846 billion yuan, providing sufficient momentum for subsequent performance growth. In the context of the national policy of vigorously promoting the development of digital economy, the company seized the opportunity of “double carbon economy”, made steady progress in the first quarter of 2022, maintained a good development momentum and achieved a good start.
It is worth noting that the long-term value of the company is highly valued by major shareholders. On the same day, the company announced that the controlling shareholder Weisheng group plans to increase its shares in the company in the way allowed by the trading system of Shanghai Stock Exchange within six months from April 20, 2022, with a total of no less than 2.5 million shares and no more than 5 million shares, reflecting the controlling shareholder’s full confidence in its development prospects.
Willfar Information Technology Co.Ltd(688100) as a leading enterprise in the energy Internet of things industry, it has been deeply engaged in the industry for more than ten years. With the development strategy of “connecting things to the world and connecting the core to the future”, it has formed an industry-leading scientific research system, has a deep technical moat and constantly enriched technical reserves. In the first quarter of 2022, Willfar Information Technology Co.Ltd(688100) added 14 patents (including 4 invention patents) and 15 software copyrights; A total of 669 valid patents (including 101 invention patents), 771 software copyrights and 11 exclusive rights of integrated circuit layout design have been obtained.
In addition to the continuous reinforcement of its own technical moat, Willfar Information Technology Co.Ltd(688100) participated in the formulation of national and industrial standards with a more positive attitude in the first quarter, and was committed to improving industrial technical barriers. By the end of the reporting period, the company had participated in 46 standard formulation, including 24 national standards and 22 industrial, local and team standards.
The field of digital power grid is the advantage track of Willfar Information Technology Co.Ltd(688100) . In March, Willfar Information Technology Co.Ltd(688100) won two bidding packages, ranking first among the third batch of bidding procurement (including power consumption information collection) added by the State Grid in 2022. At the same time, the company seized the opportunities of clean energy, intelligent power grid, motorized transportation and energy storage industrialization, strengthened the layout of green power field, and the long-term value became more prominent.
Willfar Information Technology Co.Ltd(688100) focuses on the key area of national digital power grid investment – distribution network. The company has creatively developed HPLC chips and modules suitable for China’s distribution network, formulated new technical standards, realized technical practicability and independent control, and created a number of benchmark projects. The company and China Southern Power Grid Digital Research Institute jointly undertake the national key R & D plan project of “key technologies of digital power grid”, and complete the specification formulation of edge computing chip and the software and hardware design of edge computing device; “New intelligent distribution network edge computing platform project” was selected into the list of key technology products of the province’s software industry in 2022; The “research and development and engineering application project of intelligent power big data integration and analysis platform” jointly built with Guangdong power grid and Tsinghua University won the first prize of science and technology progress award of China Electrotechnical Society; “Development and industrialization application project of core intelligent terminal in power Internet of things intelligent distribution station area” was successfully selected into 100 landmark projects of “digital new infrastructure” in Hunan Province; “Research and application project of key technologies and core devices of low-voltage intelligent distribution for digital grid” was successfully approved as a key R & D plan project of Hunan Province in 2021.
As China’s one belt, one road leading company, the company actively implements the national “one belt, one go” strategy, and integrates HPLC communication chip, communication module, data acquisition terminal (integrated hardware platform and software APP Technology) to build advanced communications and hydropower and energy data management framework for core products such as head collection system, etc. Comply with IEC62056, IEC61968, DLMS, IDIS and other international standards and industry specifications, successfully launched wi sun and g3-plc communication protocols, and formed strong competitiveness in the overseas market. Relevant products and solutions have successively won the bidding for the intelligent transformation projects of public utility power grids in Bangladesh, Indonesia, Egypt and other countries, realizing large-scale deployment overseas.
As a comprehensive solution enterprise with all levels of energy Internet of things from data perception, communication networking to data management, Willfar Information Technology Co.Ltd(688100) taking the energy Internet of things as the anchor point, is also committed to accelerating the expansion of intelligent water affairs, intelligent fire protection, intelligent park and other fields, creating an overall solution integrating intelligent energy and intelligent fire protection such as electricity, water, gas and heat, and comprehensively laying out a digital intelligence city.
As a leading enterprise in the energy Internet of things, Willfar Information Technology Co.Ltd(688100) relying on good performance growth, stable financial performance and excellent investor relationship management, is favored by the market Willfar Information Technology Co.Ltd(688100) stood out from the companies on the science and innovation board and won the Tianma Award for investor relations of Chinese listed companies; The company is listed in the “2021 market value ranking of listed companies – Top 50 in the research popularity list of A-share institutions” recently released by wind.
