Transformation of smart meters will last for 10 years in China, which means the demand of carrier chips will be over 200 million. As the leading manufacturer of low voltage carrier chips, Eastsoft Communication occupies approximately 40% of the market shares in China. 

In recent years, Eastsoft’s procurement cost of upstream bare chip increasingly declined, while it maintained high pricing power towards electric energy meter manufacturers. Thus, Eastsoft has kept steady profitability over carrier chip products.  

Procurement Cost and Unit Price of Carrier Chip of Eastsoft, (RMB)

Backed by the prosperity of electric energy meter, business focus of Eastsoft is still on carrier chip of smart meter and will be gradually shifted to Smart Home in the future. Its communication chips can be applied on devices, meters, home appliances, machines, facilities that require 220V power supply, which can further forms a smart network.