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According to statistics, the Wasion Group's annual turnover in 2014 was 2.81 billion yuan, and net profit increased by about 20% to 482 million yuan. In 2015, net profit increased by more than 25% to RMB 250 million. For the year ending December 2015, the Group's revenue is expected to be not less than the 2014 level, while the net profit is not less than RMB 400 million.
The Wasion Group Board of Directors believes that the Group's operating conditions are normal and its fiscal and cash positions are stable. It is expected that the dividend payout ratio for the year ending in December 2015 will remain the same as in 2014. In addition, the Group is considering introducing a share award scheme. To reward management and other employees who contribute to the development of the Group.
In 2015, Wasion Group operated very well and was financially sound. The national power grid won the bid first, the provincial-level growth of 80%, water measurement from 34 to 53 water divisions, Siemens cooperation exceeded 100 million yuan, and the grid achieved 12 provinces Coverage.
The Wasion Group made a lot of progress in 2015, but the overall performance was different from the original expectation, delayed by the third tender of State Grid. In December, considering the poor macroeconomic environment, Wasion Group took the initiative to communicate with customers. The implementation of some contracts, especially the ADO business, has seen a slowdown in revenue growth in 2015, and the AMI business has been affected by the unified management of Hebei, Henan, and Jiangxi by the State Grid Corporation, resulting in a reduction in AMI, a decrease in gross profit margin, and an exchange rate effect of tens of millions of derivation. Exchange losses. As of the end of June this year, Wasion Group has confirmed that it has obtained a total of 44 new products and energy efficiency service patents, as well as 21 software copyrights, increasing the number of effective new product and energy efficiency service patents and software copyrights to 605 and 392 respectively. In addition to power grid companies, Wasion Group also develops other customer groups such as public utilities, data centers, and petroleum and petrochemical industries. As for overseas markets, Wasion Group has expanded its markets in Tanzania, Egypt, Bangladesh and South Korea. It also entered into markets such as Brazil and Mexico through cooperation with Siemens. The outlook is promising.
Looking ahead to 2016, Wasion Group is confident to maintain its growth rate at double-digit level. The main actions are as follows: 1. The total amount of tenders for the State Grid is higher than 2015, and the South China Net exceeds the standard. The smart meter's revenue in 2016 exceeds that of last year. Looking back, 2. Smart Water Metering In January 2016, the Changsha Water Division's 3-year framework agreement was the highest in the history of the water business, 3 overseas markets hope to make breakthroughs in the traditional market and new markets, 4. ADO addition to traditional water In addition to business development, the development of rail transit, data centers, high-end hospitals, etc. will provide opportunities for high-end projects in the province. The company is very confident.
2015 Wasion Group achieves good results in various areas of development
[Chinese instrument network enterprise vane] On February 1, the Wasion Group Board of Directors announced that the net profit of the group is expected to be no less than RMB 400 million, and the income ratio will be the same as in 2014. The Wasion Group actively expanded its market in 2015, involving many fields and achieving good development.