Business Overview Financial Summary

Resconn Group is an uncrystalline semiconductor technology company that mainly focuses on R&D. It designs, develops and sells system-level integrated circuits, modules, equipment and solutions using power line carrier communication technology. The Group's main business is divided into two categories, including automatic meter reading and smart energy management, and the Group's power line carrier communication products have always been mainly used by power grid companies in China to configure and upgrade automatic meter reading systems as the main part of smart grid infrastructure. Additionally, Genver Frost Sullivan's report According to the sales volume of power line carrier communication products, the group is It was one of the largest power line communication technology companies in China in 2016, accounting for 11.2% of the market share.

Competitive advantage

The Group has core strength in power carrier chip design and excellent R&D capabilities for power line carrier communication technology. The Group maintains long-term relationships with national electricity networks and a robust automatic meter reading business supported by favorable government policies

Risk Factors

Develop all products and solutions based on power line communication technology. If there is any adverse development in China's power line carrier communication market, it may have a significant adverse effect on the Group's business, financial situation and operating performance. If the power grid company no longer adopts or drastically reduces the communication agreements of the companies that use it to purchase automatic meter reading equipment, the Group's sales value will drop drastically