LIGONG ENERGY TECH(SZ:002322)2022-12-06 11:11Company 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 for the power industry [2]. - The company has developed various monitoring products, including online monitoring for SF6, micro-water, partial discharge, and transmission lines, benefiting from the rapid expansion of the smart grid promoted by the State Grid Corporation [2]. Market Dynamics - The market for online monitoring products has seen increased competition due to rapid expansion, leading to a decrease in product prices despite a slight increase in demand [2]. - The promotion of state inspection equipment by the State Grid is expected to positively impact the company, although the actual effect will depend on the promotion's intensity [2]. Strategic Development - The company has established a strategic direction focusing on "environmental protection, energy saving, and intelligence," aiming to become a leader in technology, quality, service, and market share [3]. - The company is actively seeking new projects and quality acquisition targets to expand its business and enhance profitability [3]. Acquisition and Integration - The acquisition of Beijing Shangyang Oriental Environmental Technology Co., Ltd. is expected to enhance the company's capabilities in the environmental monitoring sector, leveraging Shangyang's market influence and the company's technological strengths [3]. - The integration of management, research, and culture is ongoing, with the restructuring process completed in October 2015 [3]. Environmental Monitoring Market - The "Thirteenth Five-Year Plan" emphasizes water environment monitoring and management, presenting significant growth opportunities for the company in the water monitoring market [2]. - The company plans to expand its services in air monitoring, drinking water monitoring, and coastal monitoring while maintaining its leading position in surface water monitoring [4]. Financial Performance - Jiangxi Bowei New Technology Co., Ltd. focuses on the informatization of power engineering, maintaining a leading market share in power engineering cost software, which contributes stable cash flow and profitability to the company [4]. - The company aims to enhance its profitability by reducing performance volatility due to uncertainties in client bidding processes [4]. Conclusion - The company is positioned to leverage its technological advancements and market strategies to enhance its competitive edge in both the power and environmental monitoring sectors, aiming for sustainable growth and profitability [3][4].