Company Overview - Ningbo LIGONG Monitoring Technology Co., Ltd. was established in 2000 and listed on the Shenzhen Stock Exchange in 2009. The company specializes in online monitoring products, including temperature, chromatographic micro-water monitoring, and transmission line monitoring [1]. - The company has experienced rapid growth due to the State Grid's promotion of smart grid initiatives, although the bundling of procurement with primary equipment has led to a decrease in product prices [1]. Acquisition Progress - The company is undergoing a significant asset restructuring involving two targets: Beijing Shangyang Environmental Technology Co., Ltd. and Jiangxi Bowei New Technology Co., Ltd. The acquisition aims to enhance performance and service capabilities in the power system and expand into the environmental sector [2][3]. - The completion of the acquisition will lead to deep integration in R&D, management, and corporate culture [2]. Strategic Development Direction - The company has established a "one flat, two wings" strategic development direction, focusing on three major business segments: power online monitoring equipment, information services for power engineering projects, and automatic online water quality monitoring [2]. - The strategic focus will revolve around "environmental protection, energy saving, and intelligence," aiming to become a leading industry player in technology, quality, service, and market share [2]. Target Companies Overview - **Beijing Shangyang Environmental Technology Co., Ltd.**: This company is rapidly developing in the water quality monitoring field and is expected to have strong profitability due to the growing market for online water quality monitoring [2]. - **Jiangxi Bowei New Technology Co., Ltd.**: A leading provider of information services in the power engineering sector, Bowei has maintained a market share of over 30% in its field and is recognized for its stable cash flow and high profitability [3]. Integration Effects - The acquisition of Bowei will enhance the company's performance and service capabilities in the power system, while Shangyang will allow the company to expand into the environmental sector, creating synergies between existing technologies and market strengths [3].

Company Overview - Ningbo LIGONG Monitoring Technology Co., Ltd. was established in 2000 and listed on the Shenzhen Stock Exchange in 2009, primarily focusing on online monitoring products [2] - Key products include chromatographic micro-water monitoring, partial discharge monitoring, capacitive monitoring, and transmission line monitoring [2] - The company experienced rapid growth in 2010 due to the State Grid's promotion of smart grid initiatives, although competition intensified [2] Market Impact and Strategic Developments - The State Grid's procurement strategy led to a decrease in product prices, despite a slight increase in demand [2] - The promotion of status inspection equipment by the State Grid is expected to positively impact the company, although significant volume growth has not yet been observed [3] - The company has completed a restructuring process, with new shares listed on October 22, 2015, aimed at enhancing operational capabilities and market reach [3] Strategic Direction - The company has established a "one flat, two wings" strategic development direction, focusing on three main business segments: power online monitoring equipment, information services for power engineering projects, and environmental monitoring [3] - The strategic focus is on "environmental protection, energy saving, and intelligence," aiming to become a leader in technology, quality, service, and market share [3] Acquisitions and Synergies - The acquisition of Beijing Shanyang Dongfang Environmental Technology Co., Ltd. is expected to enhance market capabilities and profitability in the environmental sector [3] - The integration of Shanyang's market strengths with LIGONG's technological expertise is anticipated to create significant synergies [3] Financial Performance and Market Position - Jiangxi Bowei New Technology Co., Ltd. specializes in power engineering information services and has maintained a leading market share in power engineering cost tools for several years [4] - Bowei's stable cash flow and profitability are expected to contribute significantly to LIGONG's overall financial performance post-acquisition [4] - The company aims to enhance its product offerings and improve profitability through continuous R&D investment and strategic acquisitions [3][4]

证券代码：002322 证券简称：理工监测 编号： 宁波理工监测科技股份有限公司投资者关系活动记录表 | --- | --- | |-----------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活动 \n类别 | √特定对象调研□分析师会议□媒体采访□业绩说明会□新闻发布会□路 \n演活动□现场参观 □其他 | | 参与单位名称及 | 博时基金 金晟哲 | | 人员姓名 | | | | 日期、时间 2015 年 11 月 13 日 12:00 | | 地点 公司会议室 | | | | 公司接待人姓名 董事会秘书李雪会、证代俞凌佳 | | 附件清单 ...

证券代码：002322 证券简称：理工监测 宁波理工监测科技股份有限公司投资者关系活动记录表 编号： | --- | --- | |-------------------------|------------------------------------------------------------------------------------------------------------| | | | | | | | 投资者关系活动 类别 | √特定对象调研□分析师会议□媒体采访□业绩说明会□新闻发布会□路 演活动□现场参观 □其他 | | | | | 参与单位名称及 人员姓名 | 东方证券 陈方圆 谢超波 金鹰基金 倪超 方超 陈颖 民生证券 王宁 海通证券 张一弛 | | | 日期、时间 2015 年 11 月 18 日 9:30 | | 地点 公司会议室 | | | | 公司接待人姓名 董事长周方洁、总经理朱林生、博微总经理万慧建、董事会秘书李雪会、 证券部经理郑键、证代俞凌佳 | | 附件清单（如有） 无 | | | --- | --- | |------------------------ ...

证券代码：002322 证券简称：理工监测 宁波理工监测科技股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | --- | |----------------------------|---------------------------------------------------------------------------------------------------|-------|-------|-------| | 投资者关系活动 \n类别 | 编号： \n√特定对象调研 □分析师会议 □媒体采访 □业绩说明会 \n□新闻发布会 □路演活动 □现场参观 □其他 | | | | | 参与单位名称及 | SMC 中国基金 刘大青 | | | | | 人员姓名 | 瑞银证券有限责任公司 李博 | | | | | | 东北证券股份有限公司 解文杰 马斌博 | | | | | | 中信证券股份有限公司 凌润东 易申申 | | | | | | 长城基金管理有限公司 李振兴 | | | | | 日期、时间 2015 年 4 月 22 | 日 10:00 | | | | | ...

Group 1: Company Overview - Ningbo LIGONG Monitoring Technology Co., Ltd. experienced a decline in performance this year, but it is believed that the most challenging year has passed, with a growth in order turnover from 2014 compared to 2013 [3] - The company is focusing on mergers and acquisitions to enhance its service capabilities and management, particularly through potential acquisitions of Bowei and Shangyang [3] - Bowei specializes in power system cost software, while Shangyang focuses on environmental protection, allowing the company to expand beyond the power sector [3] Group 2: Market and Industry Insights - The government has been emphasizing air quality monitoring, and water safety monitoring is expected to receive increased attention, with significant growth anticipated by 2017 [4] - The market for surface water monitoring is substantial, with an estimated 4,500 monitoring stations needed across various regions in China [4] - The company’s main products include automatic online monitoring systems for surface water quality and environmental quality management systems, with ongoing research into new products such as biological early warning systems and heavy metal monitoring [4] Group 3: Competitive Landscape - The technical barriers for water monitoring are relatively high, with only 6 to 7 main competitors in the market [4] - The company aims to leverage its platform to accelerate new product development and enhance operational maintenance, which could significantly alter its profit structure [4] Group 4: Financial and Operational Highlights - The company has served over 20,000 clients, including major state-owned enterprises in the power sector, since its establishment in 2000 [5] - The company emphasizes a commitment to quality management and innovation, adhering to ISO9001 and CMMI3 standards [5] - The target market consists of approximately 80,000 electrical engineers, with future demand driven by new investments and workforce updates in the power industry [5]

证券代码：002322 证券简称：理工监测 编号： 宁波理工监测科技股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | --- | |----------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|------------------------------------------------------------------------------------|--------------------------| | 投资者关系活动 \n类别 | √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 \n□新闻发布会 □路演活动 □ ...

证券代码：002322 证券简称：理工监测 编号： 宁波理工监测科技股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | --- | |----------------------------|----------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------|--------------------------| | 投资者关系活动 \n类别 | | √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 \n□新闻发布会 □路演活动 □现场参观 □其他 | | | | 参与单位名称及 | 长信基金管理有限责任公司 陈言午 | | | | | 人员姓名 | 安信证券股份有限公 ...

证券代码：002322 证券简称：理工监测 编号： 宁波理工监测科技股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | --- | |----------------------------|-----------------------------------------------------------------------------------------|---------------|------------------------------------------------------------------------|--------------------------| | 投资者关系活动 \n类别 | √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 \n□新闻发布会 □路演活动 □现场参观 □其他 | | | | | 参与单位名称及 人员姓名 | 华创证券有限责任公司 苏晨 SMC 中国基金 刘大青 | | | | | | 中国民族证券有限责任公司 | 马光耀 李晶 | | | | 日期、时间 2015 年 3 月 17 | 日 10:0 ...

Group 1: Company Overview - Ningbo LIGONG Monitoring Technology Co., Ltd. was established in 2000 and listed on the Shenzhen Stock Exchange in 2009, focusing on online monitoring products including micro-water, partial discharge, and insulation monitoring [2][3] - The company has experienced rapid growth due to the State Grid's promotion of smart grid initiatives, with significant improvements in order turnover from 2013 to 2014 [2][3] Group 2: Strategic Development - In 2014, the company proposed a new strategic direction to expand from power monitoring to environmental and safety monitoring, as well as energy-saving and environmental protection fields [2][3] - The company restructured and acquired two companies: Jiangxi Bowei New Technology Co., Ltd. and Beijing Shangyang Dongfang Environmental Technology Co., Ltd. to enhance its capabilities in the power engineering informationization and water quality monitoring sectors [2][4] Group 3: Financial Performance - The company aims to stabilize cash flow and improve profitability by reducing performance volatility caused by uncertainties in client bidding processes [3] - Bowei New Technology has maintained a leading market share in power engineering cost estimation software for several years, contributing significantly to the company's profits [3][4] Group 4: Market Position and Future Prospects - The company has established close cooperation with major power grid companies and power generation groups, enhancing its market influence [3][4] - Shangyang Environmental Technology is positioned for rapid growth in the water quality monitoring sector, with strong profitability potential as the market develops [4]