Smart Grid Catalysis Sfir: Small Meter Opportunity

The development of smart grid brings huge room for growth to the user-side smart power meter industry. Energy-saving and emission-reduction policies for building buildings and industrial and mining enterprises will increase the market demand for smart meters for internal management. The development of new energy and emerging industries will enable power monitoring and power management. The market demand for instruments has rapidly expanded.

China Instrument and Meter Industry Association estimates that by 2015, the annual market capacity of customer-side smart power meters will reach 10 million to 12 million units, and the average annual growth rate of the industry is expected to be about 35%. At present, due to the impact of the macroeconomic downturn, the growth rate of the industry will decline in the short term, but just as it is necessary to save money, the fire prevention must be preceded by an early warning. If you want to save energy, you must first measure the energy. If you want to maintain the power safety, you must first Monitoring, so the company's power management products, power monitoring products, etc. have great potential for smart electricity.

Take Siegel Electric Co., Ltd., which is about to land on ChiNext, their main business is customer-side smart power meters, power sensor products, and system integration products. The user-side smart power meter products are different from the traditional meter-based energy meter and are mainly used in power monitoring, power management, and electrical safety. From 2009 to 2011, the scale of production and sales of the company achieved rapid growth, operating income increased by 33.71%, and the market share of products was at the leading level in the industry.

In 2009, 2010 and 2011, the gross profit rate of main operations of Sfir was 58.31%, 59.99% and 60.53%, respectively. The overall trend was an upward trend. Compared with companies that produce ordinary electric energy meters, they have obvious profit margin advantages. The profitability is clearly ahead of the companies that produce ordinary energy meters.

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