Ningbo Water Meter Listing SME Stock Transfer System

[Chinese instrument network enterprise weathervane] A few days ago, the China Securities Regulatory Commission issued a notice that it approved the transfer of shares of Ningbo Water Meter Co., Ltd. in the public transfer of the national small and medium-sized enterprise share transfer system, and incorporated into the supervision of non-listed public companies.

Ningbo Water Meter Co., Ltd. mainly produces a full range of 8mm to 500mm civil, industrial cold and hot water meters, smart meters and automatic meter reading systems, electric and water meter detection devices and more than 600 varieties. The main products include horizontal screw-type water meter, rotary piston water meter, removable screw-type hot water meter, numerical control quantitative water meter, small-diameter electromagnetic water meter, large-diameter electronic digital water meter, ultrasonic heat meter, RF card water meter, valve control Remote meters, etc.

According to statistics, in 2014, the company sold 7.33 million water meters, with sales exceeding 700 million yuan. Among them, 1.5 million units were exported and 5.83 million units were sold domestically. According to the estimation of China's total water meter production, Ningbo water meter has a market share of about 14% in the domestic market.

In 2014, the main customers of Ningbo water meter were not Shenyang Shangning Electromechanical Instrument Co., Ltd., China Power Engineering Co., Ltd., OOOVENTUS Russia, Ningbo Qili Instrument Co., Ltd., and MANUFACTURESMAROCAINESEQUIPEMENTS Morocco.

Overseas customers are mainly located in the United States, Italy, Germany, France, Russia, Israel, Brazil, and Malaysia. Overseas sales account for 15%-30% of total sales. The export of products accounts for about 15% of domestic water meter exports, and it is the largest exporter of water meters in China.

Ningbo Water Meter's main competitors include Jiangxi Sanchuan Co., Ltd., which is also the leading company in the water meter industry, and Ningbo Donghai Group Co., Ltd., Shenzhen Huaxu Technology Development Co., Ltd., Henan Xintian Technology Co., Ltd., and Hunan Changde Brand Water Meter Co., Ltd.

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