SBT(SH:688392)2023-11-06 01:34Group 1: Company Overview and Operations - The company, Shanghai Jiao Cheng Ultrasonic Technology Co., Ltd., is listed under the stock code 688392 and is known for its ultrasonic technology [1]. - The company has developed rolling welding equipment, which has been validated by customers since 2017, achieving a welding speed of over 80m/min [2][3]. Group 2: Financial Performance - The company has experienced a decline in net profit margin over the past two years due to increased investments in R&D and capacity expansion to capture market opportunities [3]. - In the first three quarters of 2023, the overall gross profit margin of the company's main business has not changed significantly due to optimization of product structure and increased self-manufacturing of core components [4]. Group 3: Product Development and Market Expansion - The company has made progress in ultrasonic scanning microscope equipment, which is applicable in various fields including new energy lithium batteries and semiconductors [4]. - Collaborations with well-known companies such as BYD and Amphenol in the wiring harness sector have led to improved equipment performance and quality recognition from customers [4]. - The company is focusing on expanding its presence in the new energy battery, automotive wiring harness, and semiconductor markets, with products already recognized by mainstream manufacturers [4].