This document analyzes the development of China's smart meter industry, focusing on bidding results from the State Grid Corporation of China (SGCC). It highlights the operations of key smart meter manufacturers and competition in the industry. In 2011, the first four SGCC biddings totaled over 43 million smart meters. Top manufacturers winning bids included Jiangsu Linyang Electronics, Wasion Group, Shenzhen Clou Electronics, and Ningbo Sanxing Electric.