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Recently, Liu Zhenya, chairman of the State Grid Corporation of China, said in an interview with the media that from 2015 to 2020, the State Grid will invest 2.7 trillion yuan in construction of UHV power grid projects. Liu Zhenya believes that this 2.7 trillion investment can drive related industries to invest 3 trillion yuan, and the total investment will reach 5.7 trillion to 6 trillion yuan.
Jicheng Electronics Co., Ltd. (“Jiancheng Electronicsâ€) is one of the few suppliers in China that has a complete solution for power automation. The dispatch automation product has a market share of nearly 30% in the prefecture-level market. In nearly 30 cities such as Fuzhou, the project was implemented and more than 100,000 units/sets of distribution terminals were put into operation throughout the country. According to estimates by industry insiders, the liberalization of the power distribution increment field brought about by the change in electric power in 2015 is expected to contribute to the rapid growth of the business of electronic distribution.
On January 6, 2015, Jicheng Electronics and Beijing Jiuyuan Trading Co., Ltd. (abbreviated as “Beijing Jiuyuanâ€) signed a strategic cooperation agreement to jointly set up a military industry merger and acquisition fund and officially set foot in the military industry. Beijing Jiujin, as the sole subsidiary of the China National Institute for the Development and Production of Nuclear Weapons, has accumulated rich military industry resources and military-to-civilian project reserves. The two sides have good complementarity in military-civilian integration. As the military industry gradually relaxes the trend of changes in the access of private enterprises, in the future, the two sides will deepen their cooperation in the military procurement fund platform, through investment, acquisition, cultivation and management of related military-industry informatization projects. IPO and other ways to exit, so as to achieve a win-win situation between the fund's income and the transformation of scientific and technological achievements.
On January 22, 2015, Zhicheng Electronics officially launched the smart energy public service cloud platform jointly developed with China Mobile and Legend Group. It is planned to improve and adjust the traditional energy informationization services based on data acquisition and software-intensive systems development, break through the business model of customized information systems for users, and build public clouds to include energy data such as water, electricity, gas, and heat. It is networked and applies advanced technologies such as Internet of Things, cloud computing, and big data to achieve the role of improving energy efficiency, energy conservation, and emission reduction, and involve the public service sector. In addition, according to statistics, the National Development and Reform Commission's “Energy Conservation and Low-Carbon Energy Action†monitoring system, which was built by Jikong Electronics in 2014, has covered 16,000 key energy-using companies.
It is understood that Jicheng Electronics' public utilities are divided into two sections: water and gas. In the first half of 2014, Jicheng Electronics completed the acquisition of Sanchuan Jicheng. The capacity of smart feed water meters has been increased to 1.2 million. Currently, the product has been promoted in more than 10 capital cities. In the gas segment, Jicheng Electronics has undertaken hundreds of smart gas projects, forming a production capacity of 300,000 smart gas meters. In 2015, Jicheng Electronics' wide-area public utility platform built from the grid, water, and gas businesses is expected to continue to benefit from the in-depth push of electric power reform and price reform, and its performance will be more flexible.
Electric reform brings a huge amount of market into electronic cross-border layout
[Chinese instrument network enterprise weathervane] National Grid plans to invest 2.7 trillion yuan in the construction of power grid projects in the next six years. This news is undoubtedly a big plus for Jicheng Electronics and other domestic smart metering suppliers. Since entering 2015, Jicheng Electronics has developed rapidly in the three major businesses of power grid, water and gas through the establishment of military merger and acquisition funds, construction of energy monitoring systems, acquisition of Sanchuan Jicheng, and construction of smart gas projects.