Lihe Technology (Hunan) (SZ:300800)2022-11-19 01:36Group 1: Company Performance - The company's first-quarter performance declined compared to the same period last year due to the impact of COVID-19, which hindered travel and logistics, causing delays in project construction and installation [2][3]. - The gross profit margin decreased in Q1 2022 primarily due to a shift in revenue structure, with a lower proportion of high-margin water quality monitoring system revenue and an increase in lower-margin operational services [3]. Group 2: Market Position and Collaborations - The company holds approximately 10% market share in the water quality monitoring sector, with no authoritative data available on the total market size since 2019 [3]. - Collaborations with organizations such as the Three Gorges Capital and Shanghai Design Institute are aimed at enhancing technical and business cooperation in ecological protection and smart water management, which are expected to contribute positively to future performance [3].