Hexing(603556)2019-01-16 10:26Market Overview - The domestic market for smart electric meters is currently at the end of a replacement cycle, with a new cycle yet to start. The future bidding situation will depend on the timing of new product standards and related regulations [2] - The company's market share in the domestic electric meter market is only about 3%, indicating significant market potential [2] Company Strategy - The company has been dedicated to expanding its overseas market since its inception, providing products to over 90 countries and leading in the domestic smart electric meter export sector [3] - The company offers comprehensive solutions from power distribution to consumption, enhancing its ability to provide customized services and customer loyalty [3] - Multiple regional headquarters have been established globally, creating a relatively complete global marketing platform [3] Research and Development - The company is increasing its R&D investment and accelerating the application of next-generation IoT technology in its solutions, which will significantly enhance its core competitiveness in providing end-to-end solutions [3] Currency Risk Management - The company's overseas business primarily settles in USD, and it plans to adopt proactive measures to mitigate the impact of exchange rate fluctuations, including forward foreign exchange settlements and promoting RMB settlements in certain regions [3]