SBT(SH:688392)2023-11-07 00:46Group 1: Company Overview - The company is Shanghai Jiao Cheng Ultrasonic Technology Co., Ltd. with stock code 688392 [1] - The third quarter performance meeting was held on November 6, 2023, with participation from various investment management firms [2] Group 2: Product and Market Insights - The estimated demand for ultrasonic welding equipment in the power battery sector is between 1 million to 2 million CNY per GWh [3] - The average delivery time for ultrasonic welding equipment is between 3 to 6 months [4] - The company currently has no formal overseas orders in the power battery sector but plans to expand its overseas business [4] Group 3: Financial Performance - In the first three quarters of 2023, the company achieved operating revenue of 455.41 million CNY, a year-on-year increase of 17.36% [5] - The net profit attributable to shareholders was 75.83 million CNY, a year-on-year decrease of 11.35%, primarily due to slower capacity expansion in the lithium battery sector and significant increases in R&D investment [5]