LIGONG ENERGY TECH(SZ:002322)2022-12-07 09:06Group 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]