LME(SH:688589)2024-03-29 11:34Company Overview - Shenzhen Lihui Microelectronics Co., Ltd. specializes in chip design, focusing on IoT communication and connection SoC chips [9] - The company aims to become a leading enterprise in the chip industry by enhancing its brand and developing core technologies [10] Financial Performance - In 2023, the company achieved a revenue of CNY 579.19 million, a year-on-year increase of 14.96% [10] - The net profit attributable to shareholders was CNY 106.89 million, up 42.26% from the previous year [10] - The net profit after deducting non-recurring gains and losses was CNY 92.79 million, reflecting a growth of 73.30% [10] Business Segments - Revenue from the smart grid business reached CNY 554.24 million, a 14.18% increase year-on-year [10] - Other IoT business revenue was CNY 23.06 million, growing by 36.46% [10] - The total order amount as of the end of 2023 was CNY 262.17 million, a 22.75% increase compared to the previous year [10] R&D and Innovation - The company has not increased its R&D team size despite expanding into various IoT sectors, focusing on optimizing personnel structure to enhance efficiency [11] - Continuous investment in R&D is emphasized to maintain technological leadership [11] - The company has developed a complete set of self-research and design teams, enhancing R&D efficiency [11] Market Outlook - The smart grid market is viewed as a high-quality sector with significant growth potential [12] - The company aims to increase its market share in the smart grid sector by leveraging its advanced chip development capabilities [12] - The cumulative contract amount in the smart grid market reached over CNY 40 million in 2023 [13] Strategic Planning - The company plans to focus on high-speed power line communication (PLC) and multi-mode communication technologies [15] - Future product development will include next-generation PLC and multi-mode SoC chips, targeting energy management and low-voltage distribution applications [16] - The company aims to establish itself as a well-known brand in the IoT communication chip sector, enhancing its competitive edge [17]