LME(SH:688589)2023-12-01 10:36Company Overview - Shenzhen Lihe Microelectronics Co., Ltd. is a chip design enterprise specializing in IoT communication technology and recognized as a "specialized, refined, and innovative small giant" [3] - The company operates in six key sectors: power IoT, new energy smart management, comprehensive energy efficiency management, smart home & whole-house intelligence, smart lighting, and smart power digital management [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, reflecting a 58.30% increase [3] Market Applications - The company has established stable partnerships in the smart home sector with clients like Wanhe and Wanjiale, and collaborates with Lenovo, Tencent, and Tuya to enhance its smart home ecosystem [4] - PLC technology is widely applied in industrial IoT scenarios such as high-speed rail energy management, smart streetlights, and smart charging piles, addressing communication connectivity challenges in IoT [4] Product Development - The "Smart Photovoltaic and Battery Smart Management PLC Chip R&D and Industrialization Project" aims to enhance safety and monitoring in photovoltaic power plants, improving operational efficiency [5] - The company has begun mass supply of photovoltaic protocol converter communication modules to State Grid, with ongoing pilot testing [5] Future Outlook - The smart grid market presents significant growth opportunities, with the company positioned to increase its market share through advanced dual-mode chip products and expanding its product offerings [6] - The company plans to enhance its competitive edge in technology, products, and services while exploring new product demands in the smart grid sector [6]