Core Viewpoint - The water quality testing instrument industry is experiencing steady growth driven by increasing public concern for water safety and stricter environmental regulations, with the market size projected to grow from 1.83 billion yuan in 2017 to 5.22 billion yuan by 2025, representing a compound annual growth rate (CAGR) of 14.03% [1][9]. Industry Overview - Water quality testing refers to the process of determining the types and concentrations of pollutants in water, evaluating water quality status [3]. - Key water quality indicators include comprehensive indicators (temperature, color, turbidity, pH, conductivity, suspended solids, dissolved oxygen, chemical oxygen demand, and biochemical oxygen demand) and toxic substances (phenols, cyanides, arsenic, lead, chromium, cadmium, mercury, and organic pesticides) [3]. - Water quality testing instruments can be categorized by function (single-parameter and multi-parameter testers), testing items (pH meters, total phosphorus testers, etc.), and usage environment (laboratory, portable, simple, and online testers) [4][3]. Market Demand and Growth - The market demand for water quality testing instruments is steadily increasing due to heightened public awareness and regulatory pressures [1][9]. - The industry is expected to play a crucial role in dynamic water quality monitoring, pollution warning, and comprehensive management, driven by advancements in smart, portable, and multi-parameter integrated technologies [1][9]. Industry Development Background - Water quality safety is a significant concern, with ongoing improvements in surface and groundwater quality in China [4][5]. - In 2024, 90.4% of monitored surface water quality sections were rated as good (Class I-III), indicating progress in water environment governance [5]. - Continuous, precise, and efficient monitoring of water quality is essential for ensuring environmental safety and supporting scientific decision-making [5]. Industry Chain - The upstream of the water quality testing instrument industry includes raw materials and components such as sensors, probes, circuit boards, optical components, and consumables [5]. - The midstream involves the production and manufacturing of water quality testing instruments, while the downstream encompasses sales channels and application fields, including environmental water, wastewater, and water conservancy sectors [5][6]. Competitive Landscape - The industry features a diverse competitive landscape with international leaders (e.g., Thermo Fisher, Hach, Siemens, ABB) dominating the high-end market, while domestic companies (e.g., Xuedilong, Xianhe Environmental Protection, and others) focus on mid-range markets and specialized applications [9][10]. - Domestic firms leverage their understanding of local markets and flexible service models to establish competitive advantages in mid-tier markets [10]. Key Companies - Xianhe Environmental Protection Technology Co., Ltd. has developed a comprehensive service provider model in environmental monitoring, with a reported revenue of 138 million yuan in the first half of 2025, reflecting a 0.73% year-on-year growth [10]. - Lihua Technology Co., Ltd. specializes in environmental monitoring systems, reporting a revenue of 558 million yuan in the first three quarters of 2025, marking a 5.15% increase [12]. Industry Trends - The industry is moving towards multi-parameter integration, real-time monitoring, and intelligent analysis, with future instruments expected to combine various detection technologies [13]. - There is a focus on miniaturization and rapid on-site detection capabilities, enabling water quality testing to expand into distributed scenarios such as river inspections and household water safety [14]. - Companies are transitioning from equipment suppliers to comprehensive solution providers, offering monitoring systems and data services, enhancing the value derived from long-term monitoring data [14].

Group 1 - The stock price of Lihua Technology (300800) showed a fluctuating trend over the past week, closing at 12.95 yuan on February 11, down 0.15% from 12.97 yuan on February 5, with a price range of 3.32% [1][2] - On February 11, there was a net outflow of 9.6048 million yuan in main funds, and the cumulative price change over the past five days was 0.31%, underperforming the environmental protection sector during the same period [1][2] - Technically, the stock price fluctuated near the 20-day Bollinger Band middle track at 12.76 yuan, with a current resistance level at 13.22 yuan and a support level at 12.29 yuan [1][2]

证券日报网讯2月5日，力合科技（300800）在互动平台回答投资者提问时表示，以平均单线100万吨产 能估算，一条线通常配置2台实验室用NaAl2000系列设备及8-10套NaAl3000在线监测系统，用于实时分 析铝酸钠、硅、铁、TOC、固体含量、浮游物等关键指标。公司推出铝酸钠浆料智能监测系统，提供覆 盖实验室与在线场景的一体化解决方案，可全面检测氧化铝、苛性比、硅、铁、氟、TOC等全参数，实 现更全面、精准、可靠的监测，2025年公司"铝酸钠浆料智能检测技术与仪器装备"项目被认定总体上达 到国际先进水平，其中部分技术达到国际领先水平，有力推动国产替代。 ...

证券日报网讯2月3日，力合科技（300800）在互动平台回答投资者提问时表示，公司持续关注工业过程 在线检测市场动态，在工业过程成分检测及自动化领域有一定技术储备，并已在相关场景落地应用。具 体经营情况请关注定期报告。 ...

Core Viewpoint - Company is in the preliminary intention stage for establishing a factory in Kazakhstan, with no specific investment amount, construction timeline, or location determined, and it does not qualify as a significant investment matter [1] Group 1 - Company is responding to investor inquiries regarding its plans for a factory in Kazakhstan [1] - The investment details are still in the initial stages and have not been finalized [1] - The project is not classified as a major investment at this time [1]

Core Viewpoint - The company, Lihe Technology (300800.SZ), is in the preliminary intention stage for establishing a factory in Kazakhstan, with specific investment amounts, construction timelines, and locations yet to be determined, indicating that this does not constitute a significant investment matter [1] Group 1 - The company is currently exploring the possibility of building a factory in Kazakhstan [1] - The investment amount for the proposed factory has not been specified [1] - The timeline and exact location for the construction of the factory remain undetermined [1]

Core Viewpoint - The company, Lihe Technology (300800.SZ), is in the preliminary intention stage of establishing a factory in Kazakhstan, with specific investment amounts, construction timelines, and locations yet to be determined, indicating that this does not constitute a significant investment matter [1] Group 1 - The company is currently exploring the possibility of building a factory in Kazakhstan [1] - The investment amount for the proposed factory has not been specified [1] - The timeline and location for the construction of the factory are also not yet determined [1]

Market Overview - On January 30, the environmental equipment sector rose by 0.09% compared to the previous trading day, with Hengyu Environmental leading the gains [1] - The Shanghai Composite Index closed at 4117.95, down 0.96%, while the Shenzhen Component Index closed at 14205.89, down 0.66% [1] Stock Performance - Hengying Environmental (688309) closed at 31.60, up 12.06% with a trading volume of 58,100 shares and a transaction value of 175 million yuan [1] - Other notable performers included Meiyu Technology (688376) with a closing price of 69.02, up 2.77%, and Lihua Technology (300800) at 12.69, up 2.59% [1] - The table of stock performance shows various companies in the environmental equipment sector with their respective closing prices, percentage changes, trading volumes, and transaction values [1] Capital Flow - The environmental equipment sector experienced a net outflow of 124 million yuan from institutional investors, while retail investors saw a net inflow of 151 million yuan [2] - The capital flow table indicates the net inflow and outflow for various stocks within the sector, highlighting the dynamics between institutional and retail investors [2][3] Individual Stock Analysis - Yinfeng Environment (000967) had a net inflow of 28.08 million yuan from institutional investors, while Hengying Environmental (688309) saw a net inflow of 18.60 million yuan [3] - Conversely, Huahong Technology (002645) faced a significant decline of 10.00%, with a trading volume of 323,900 shares and a transaction value of 507 million yuan [2][3]

Core Viewpoint - The company, Lihe Technology, announced that its controlling shareholder and actual controller, Mr. Zhang Guangsheng, has pledged part of his shares, totaling 4,200,000 shares [2] Group 1 - The pledged shares represent a significant move by the controlling shareholder, indicating potential changes in the company's financial strategy [2] - The announcement was made on January 16, highlighting the company's transparency in financial dealings [2] - The total number of shares pledged is 4,200,000, which may impact the market perception of the company's stability [2]

证券代码：300800 证券简称：力合科技 公告编号：2026-003 力合科技（湖南）股份有限公司 关于公司股东部分股份质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 力合科技（湖南）股份有限公司（以下简称"公司"或"力合科技"）于近日 接到控股股东、实际控制人张广胜先生的通知，将其所持部分公司股份办理了质押 业务，具体事项如下： 2. 股东股份累计质押情况 截至公告披露日，控股股东、实际控制人张广胜先生所持质押股份情况如下： | | | | | | | 占公 | 已质押股份情况 | | | 未质押股份情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 持股数量 | 持股 | 本次质押前 | 本次质押后 | 占其所 | 司总 | | | | | | | 名称 | （股） | 比例 | 质押股份数 | 质押股份数 | 持股份 | 股本 | | 占已 | | | | | | | | 量（股） | 量（股） | 比例 | 比例 | ...