SBT(SH:688392)2023-11-20 02:24Group 1: Company Overview and Financial Performance - The company, Shanghai Jiao Cheng Ultrasonic Technology Co., Ltd., has seen an increase in overall gross profit margin in the first three quarters of 2023 due to multiple factors including improved self-manufacturing rates of core components and changes in revenue structure [3][4]. - The net profit margin has decreased as the company is in a rapid growth phase, investing heavily in R&D and capacity expansion to seize market opportunities [4][5]. Group 2: Client Engagement and Market Position - The company collaborates with well-known enterprises in various sectors, including BYD, Junsheng Electronics, and Amphenol in the online harness field, and with CRRC Times, Infineon, and others in the IGBT sector [3][4]. - The company’s ultrasonic welding equipment delivery cycle is approximately 3-6 months [4]. Group 3: Product Development and Applications - The company is exploring additional ultrasonic applications in the lithium battery sector, such as ultrasonic tab cutting and ultrasonic dust removal [5][6]. - The ultrasonic rolling welding machine, developed based on high-speed rolling welding technology, is expected to meet significant market demand, especially if composite current collectors are widely adopted [5][6]. Group 4: Technological Challenges and Innovations - The core challenges of the rolling welding equipment include the complexity of welding between metal and non-metal materials, requiring expertise across multiple disciplines [6][7]. - Ultrasonic cleaning technology is anticipated to have vast applications in semiconductor devices, new energy batteries, and microelectronics, with ongoing testing of prototypes at client sites [6][7].