Core Viewpoint - Recent attention on Lihua Micro (688589.SH) focuses on its smart grid business, non-grid IoT layout, and overseas expansion strategy [1] Group 1: Institutional Research - Huatai Baoxing Fund and Southern Fund conducted a survey on February 6, 2026, emphasizing the opportunities for the company during the "14th Five-Year Plan" period due to digital investment in the power grid [2] Group 2: Business Progress - The company's non-grid IoT business, including smart home and smart hotel sectors, has seen a revenue growth rate exceeding 30% in recent years, with plans to deepen its layout in this area while advancing overseas market expansion and industrial acquisition opportunities [3] - The company also mentioned optimizing profitability and guiding convertible bond conversions through improved investor communication [3] Group 3: Industry Policy and Environment - The State Grid is expected to increase fixed asset investment during the "14th Five-Year Plan" period (2026-2030), promoting digitalization and intelligent construction of the power grid, which may present market growth opportunities for Lihua Micro as a major supplier of smart grid chips [4]

证券日报网2月6日讯，力合微在接受调研者提问时表示，国家电网在"十五五"期间持续加大固定资产投 资力度，将进一步推动电网数字化、智能化建设进程，带动相关市场规模增长。作为智能电网市场主要 的芯片原厂供应商，公司迎来重要发展机遇，这一趋势有望从市场需求、技术升级等方面为公司注入发 展动力。公司将继续紧密围绕智能电网"新型电力系统"建设方向，深度参与行业标准制定，持续强化在 技术、产品和服务上的竞争优势。同时，公司将积极挖掘电网领域新兴产品需求，进一步强化技术领先 地位，稳步提升市场份额。 ...