LME(SH:688589)2023-12-07 10:08Company Overview - The company is a chip design enterprise specializing in IoT communication technology and recognized as a "specialized, refined, distinctive, and innovative" small giant [3] - Business areas include power IoT, new energy smart management, comprehensive energy efficiency management, smart home & whole-house intelligence, smart lighting, and digital management of smart power [3] Financial Performance - In Q3 2023, the company achieved revenue of CNY 195.60 million, a year-on-year increase of 54.41%, and a net profit of CNY 30.76 million, up 56.50% [3] - For the first nine months of 2023, revenue reached CNY 448.31 million, growing by 28.25%, with a net profit of CNY 81.37 million, an increase of 58.30% [3] Market Position and Strategy - Over 90% of the company's main business revenue comes from the smart grid sector, which is a high-quality market with significant growth potential [4] - The company aims to enhance market share in high-speed dual-mode product supply and expand its product offerings in the smart grid sector, including concentrators and smart switches [4] Product Development - Key terminal products in the power grid sector include concentrators, collectors, and photovoltaic protocol converters [5] - The company is actively expanding its product line for low-voltage distribution networks and has achieved significant results in this area [6] Photovoltaic Sector - The company has developed photovoltaic protocol converter communication modules that have begun mass supply, supporting the new power system's requirements [7] - The company has received international certification for its PLC photovoltaic chip products, which are essential for the North American market [7] Smart Hotel Market - The company has launched a hotel room smart control system 1.0, which is currently being promoted in pilot hotels [9]