LME(SH:688589)2024-08-09 09:08Company Overview - The company specializes in chip design, focusing on IoT communication and connection SoC chips, with core technologies in power line communication (PLC) and multi-mode communication [4] - In 2023, the company achieved a revenue of CNY 579.19 million, a year-on-year increase of 14.96%, and a net profit of CNY 106.89 million, up 42.26% [4] - In Q1 2024, the company reported a revenue of CNY 129.86 million, representing a year-on-year growth of 17.09% [5] Market Applications - PLC technology is utilized in smart home applications, allowing for communication without the need for rewiring, leveraging existing electrical wiring [5] - The company is actively expanding into the low-voltage distribution market, developing new products for communication and measurement units, which aligns with the trend of smart grid development [7] Inventory Management - The company has reduced its inventory by 49.62% compared to the previous year, indicating effective supply chain management and reduced inventory pressure [8] Investor Relations - The company held an investor relations activity on August 7, 2024, with participation from various funds and securities firms [2][3] - The board decided not to lower the conversion price of the "Lihe Convertible Bond" from February 27, 2024, to August 26, 2024 [9]