LME(SH:688589)2024-01-10 10:38Company Overview and Financial Performance - The company is an IoT communication technology chip design enterprise and a "Specialized and New Little Giant" enterprise, focusing on the "last mile" communication and chip solutions for IoT [4] - In Q3 2023, the company achieved revenue of 195.6021 million yuan, a year-on-year increase of 54.41%, and net profit attributable to shareholders of 30.7629 million yuan, a year-on-year increase of 56.50% [4] - For the first nine months of 2023, the company achieved revenue of 448.3087 million yuan, a year-on-year increase of 28.25%, and net profit attributable to shareholders of 81.3664 million yuan, a year-on-year increase of 58.30% [4] Market and Product Development - The company's performance in the power IoT market continues to grow, with chip-related products actively expanding in various market directions [4] - The company has developed an "HPLC+HRF" high-speed dual-mode communication chip that complies with the State Grid's dual-mode interconnection technical specifications, seizing the market opportunity early [5] - The company's power grid-related orders are confirmed based on the State Grid's supply needs, with some orders from the second half of the year being confirmed in the following year [5] Strategic Opportunities and Industry Trends - The State Grid's "14th Five-Year Plan" emphasizes intelligent construction and distribution network construction, which will bring more demand and a larger market size for the company [6] - The company's smart photovoltaic PLC chip and solutions address safety control and information monitoring needs in photovoltaic power plants, enhancing safety and optimizing power generation efficiency [6] - The company has obtained international CSA certification for its PLC-based photovoltaic module rapid shutdown module, solidifying its leading position in the photovoltaic chip field [7] Future Plans and Market Expansion - The company is actively promoting the on-site testing and pilot operation of PLC-based photovoltaic power generation monitoring solutions to support the digital upgrade of photovoltaic energy systems [8] - The company expects that the demand for safety in photovoltaic power generation and related PLC chip products will gradually become a necessity in the domestic market [8]