LME(SH:688589)2023-11-16 10:42Company Overview - Shenzhen Lihui Microelectronics Co., Ltd. is a chip design enterprise specializing in IoT communication technology and recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise [3] - The company operates in six major 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 a revenue of CNY 195.60 million, a year-on-year increase of 54.41%, and a net profit attributable to shareholders of CNY 30.76 million, up 56.50% [3] - For the first nine months of 2023, the company reported a revenue of CNY 448.31 million, a growth of 28.25%, and a net profit of CNY 81.37 million, reflecting a 58.30% increase [3] Market Insights - The power IoT market performance continues to grow, with significant revenue and profit increases driven by the expansion of chip-related products across various market applications [3] - The smart grid market is identified as a high-quality market with substantial growth potential, particularly with the company's dual-mode products enhancing market share [4] Product Development and Strategy - The company is focusing on providing a range of products, including concentrators and smart switches, to meet the evolving demands in the smart grid sector [5] - The company is developing a photovoltaic protocol converter terminal product for the power IoT low-voltage distribution market, which is currently in pilot testing [5] Technology and Competitive Advantage - PLC (Power Line Communication) technology is highlighted as a superior solution for smart home applications due to its ability to provide stable and reliable connectivity without additional wiring [6] - The company is developing highly integrated multi-mode communication chips that combine PLC, WiFi, and Bluetooth technologies to enhance smart home solutions [6] Future Plans - The company aims to leverage opportunities in the national "smart grid" and "energy IoT" initiatives while expanding into consumer markets such as smart home applications and industrial IoT sectors [8] - Plans include increasing marketing efforts for existing chip products and investing in new technology and product development to ensure sustained growth [8]