Investment Rating - The investment rating for the company is "Buy" (maintained) [12][17]. Core Views - The company's performance is under pressure due to industry challenges, with a projected revenue of 169 million yuan in 2023, representing an 11% decline, and a net profit of 39 million yuan, down 31% year-on-year. The forecast for net profit for 2023-2025 has been revised downwards [12][13]. - The company is focusing on high-end product development in power semiconductors and new energy sectors, which are expected to drive future growth [4][25]. - The company has made significant progress in customer certification for new products, leading to an increase in direct sales by approximately 66% in the first three quarters of 2023, primarily due to higher sales of mid-to-high-end products [13][24]. Financial Summary - Revenue (million yuan): 148 in 2021, 190 in 2022, projected 169 in 2023, 196 in 2024, and 243 in 2025 [5]. - Net profit (million yuan): 42 in 2021, 56 in 2022, projected 39 in 2023, 50 in 2024, and 70 in 2025 [5]. - Gross margin: 54.6% in 2021, 56.0% in 2022, projected 57.1% in 2023, 57.4% in 2024, and 58.0% in 2025 [5]. - Earnings per share (EPS): 0.26 in 2021, 0.34 in 2022, projected 0.24 in 2023, 0.31 in 2024, and 0.43 in 2025 [5]. Product Development - The company is actively developing high-end products, including: 1. TH2851 precision impedance analyzer with a frequency of up to 130MHz. 2. TH199X precision source/measurement unit with high resolution for various applications. 3. TH2690 series high resistance meters for testing materials and electronic components. 4. TH51X series semiconductor C-V characteristic analyzers for production line sorting and R&D. 5. TH66XX series feedback source load systems for photovoltaic inverters and electric vehicle chargers [25].

Financial Performance - The company's total operating revenue for 2023 is expected to be ¥169,330,193.62, a decrease of 11.10% compared to the previous year[4] - The net profit attributable to shareholders is projected to be ¥38,609,412.37, down 31.23% year-on-year[4] - Basic earnings per share are expected to be ¥0.24, reflecting a decline of 31.43% compared to the same period last year[4] Assets and Equity - The company's total assets at the end of the reporting period are estimated to be ¥399,279,039.03, a decrease of 0.47% year-on-year[5] - The equity attributable to shareholders is expected to be ¥342,860,059.46, an increase of 4.81% compared to the beginning of the period[5] Profitability and Margins - The comprehensive gross profit margin for 2023 is projected to be 57.09%, an increase of 1.11 percentage points year-on-year[8] Investment and R&D - The company invested ¥5 million in a collaborative project with Southeast University for advanced power chip testing technology, impacting net profit[7] - The decline in net profit is attributed to increased R&D investments in new business areas and a slow recovery in downstream consumer electronics demand[7] Sales Performance - The overall sales decline is linked to decreased prices and sales volumes of mid-to-low-end products, despite an increase in high-value product sales[8] Cautionary Notes - The financial data presented is preliminary and has not been audited, cautioning investors about potential risks[9]

| 日期 | 代码 | 简称 | 成交价 | 成交数量（股） | 买入营业部 | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | | 2024-02- | | | | | 华泰证券股份有限公 | 国投证券股份有限公 | | 06 | 831167 | 鑫汇科 | 8.9 | 150000 | 司深圳深南大道证券 | 司深圳深南大道本元 | | | | | | | 营业部 | 大厦证券营业部 | | 2024-02- | 834062 | | 3.94 | 100000 | 华泰证券股份有限公 | 诚通证券股份有限公 | | 06 | | 科润智控 | | | 司北京东三环北路证 | 司杭州江虹路证券营 | | | | | | | 券营业部 | 业部 | | 2024-02- | | | | | 东吴证券股份有限公 | 中泰证券股份有限公 | | 06 | 834261 | 一诺威 | 5.02 | 100000 | 司济南明湖东路二部 | 司龙口港城大道证券 | | | | | | | 营业部 | 营业部 | | 2024-02- | 834415 | ...

证券代码：833509 证券简称：同惠电子 公告编号：2024-002 类型：股份有限公司（上市） 常州同惠电子股份有限公司 关于完成工商变更登记及章程备案的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 一、基本情况 常州同惠电子股份有限公司（以下简称"公司"）于 2023 年 9 月 12 日召开 2023 年 第一次临时股东大会，审议通过了《关于拟变更公司注册资本及修订公司章程的议 案》。具体内容详见公司在北京证券交易所指定信息披露平台（http://www.bse.cn）上 披露的《常州同惠电子股份有限公司关于拟修订<公司章程>公告》（公告编号：2023- 042）。 公司于 2023 年 11 月 17 日召开 2023 年第二次临时股东大会，审议通过了《关于 拟变更公司注册资本及修订公司章程的议案》。具体内容详见公司在北京证券交易所 指定信息披露平台（http://www.bse.cn）上披露的《常州同惠电子股份有限公司关于拟 修订<公司章程>公告》（公告编号：2023-069）。 二 ...

证券代码：833509 证券简称：同惠电子 公告编号：2024-002 常州同惠电子股份有限公司 关于完成工商变更登记及章程备案的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 一、基本情况 公司于 2023 年 11 月 17 日召开 2023 年第二次临时股东大会，审议通过了《关于 拟变更公司注册资本及修订公司章程的议案》。具体内容详见公司在北京证券交易所 指定信息披露平台（http://www.bse.cn）上披露的《常州同惠电子股份有限公司关于拟 修订<公司章程>公告》（公告编号：2023-069）。 二、工商登记情况 2024 年 1 月 25 日，公司已完成工商变更及章程备案工作，并取得常州市市场监 督管理局换发的《营业执照》。具体登记信息如下： 公司名称：常州同惠电子股份有限公司 常州同惠电子股份有限公司（以下简称"公司"）于 2023 年 9 月 12 日召开 2023 年 第一次临时股东大会，审议通过了《关于拟变更公司注册资本及修订公司章程的议 案》。具体内容详见公司在北京证券交 ...

Group 1: Investor Relations Activities - The investor relations activities included specific object research, performance briefings, media interviews, site visits, press releases, analyst meetings, and roadshows [1] - The online and telephone survey took place on January 8, 2024, with participation from various securities and asset management firms [2][3] Group 2: Sales Performance and Product Information - The TH2851 precision impedance analyzer, with a frequency of 130MHz, has seen steady sales growth due to market promotion and domestic substitution [4] - In 2023, direct sales increased by approximately 66% year-on-year, driven by higher sales of mid-to-high-end products and an increase in large customer ratios [8] - E-commerce sales met initial targets and showed growth, primarily in traditional low-tech products [9] Group 3: Product Development and Capacity Utilization - New products have achieved significant sales growth and economic benefits, with several products effectively replacing imports [5][6] - The overall capacity utilization rate is good, with strategic customer certifications progressing well in 2023 [7] Group 4: Market Outlook - The company holds an optimistic view for 2024, anticipating a recovery in the electronic industry driven by consumer demand and technological advancements in products like electric vehicles and third-generation power chips [10][11]

证券代码：833509 证券简称：同惠电子 公告编号：2024-001 常州同惠电子股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、投资者关系活动类别 特定对象调研 业绩说明会 媒体采访 现场参观 新闻发布会 分析师会议 路演活动 其他（请文字说明其他活动内容） 二、投资者关系活动情况 参会单位及人员：开源证券、南方基金、博时基金、创金合信基金、新华基 金、华夏理财、千合资本、国金资管、华泰资管、中信证券、中泰证券、安信证 券、万和证券、平安证券、东方财富证券、凯石基金、上海复星高科技(集团)有 限公司、北京青创伯乐投资有限公司、青岛双木投资管理有限公司、深圳市尚诚 资产管理有限责任公司、拓璞基金、鸿运私募基金管理（海南）有限公司、贝寅 资产管理(上海)有限公司、西藏长金投资管理有限公司、留仁资产、上海领久私 募基金管理有限公司、四川龙蟒集团有限责任公司、龙航资产、东莞市榕果投资 管理有限公司、郑州市鑫宇投资管理有限公司、上海冰河资产管理有限公司、上 海益和源资产 ...

| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | --- | --- | --- | --- | --- | --- | | 2023-12- | | | | | 异常期间涨跌幅偏离值累计 | | 29 | 873001 | 纬达光电 | 42568285.0 | 52235.02 | 达到41.01% | | 2023-12- | | | | | | | | 837212 | 智新电子 | 12092206.0 | 14348.7 | 当日收盘价涨幅达到29.97% | | 29 | | | | | | | 2023-12- | 870357 | 雅葆轩 | 10598555.0 | 25175.13 | 当日收盘价涨幅达到29.96% | | 29 | | | | | | | 2023-12- | 873001 | 纬达光电 | 16034508.0 | 22154.43 | 当日收盘价涨幅达到29.94% | | 29 | | | | | | | 2023-12- | 833509 | 同惠电子 | 8672708 | 9871.93 | 当日收盘价涨幅达到2 ...

| | 公告日期 2023-12-29 | 异常期间 | 无 | | | | --- | --- | --- | --- | --- | --- | | | 同惠电子(833509) 连续竞价 | 成交数量 | 8672708 | 成交金额（万 | 9871.93 | | | | （股） | | 元） | | | | 涉及事项 当日价格振幅达到30%的前5只股票 | | | | | | 买/卖 | 营业部或交易单元名称 | | | 买入金额（元） | 卖出金额（元） | | 买1 | 招商证券股份有限公司深圳布龙路证券营业部 | | | 5394810.38 | 0 | | 买2 | 中信建投证券股份有限公司厦门杏东路证券营业部 | | | 3505262.17 | 0 | | 买3 | 东方财富证券股份有限公司拉萨东城区江苏大道证券营业部 | | | 2768993.64 | 3708 | | 买4 | 中信建投证券股份有限公司南平八一路证券营业部 | | | 2297243.26 | 0 | | 买5 | 长江证券股份有限公司银川康平路证券营业部 | | | 1511833.31 | 0 | | 卖1 | ...

| | 公告日期 2023-12-29 | 异常期间 | 无 | | | | --- | --- | --- | --- | --- | --- | | | 同惠电子(833509) 连续竞价 | 成交数量 | 8672708 | 成交金额（万 | 9871.93 | | | | （股） | | 元） | | | | 涉及事项 当日收盘价涨幅达到20%的前5只股票 | | | | | | 买/卖 | 营业部或交易单元名称 | | | 买入金额（元） | 卖出金额（元） | | 买1 | 招商证券股份有限公司深圳布龙路证券营业部 | | | 5394810.38 | 0 | | 买2 | 中信建投证券股份有限公司厦门杏东路证券营业部 | | | 3505262.17 | 0 | | 买3 | 东方财富证券股份有限公司拉萨东城区江苏大道证券营业部 | | | 2768993.64 | 3708 | | 买4 | 中信建投证券股份有限公司南平八一路证券营业部 | | | 2297243.26 | 0 | | 买5 | 长江证券股份有限公司银川康平路证券营业部 | | | 1511833.31 | 0 | | 卖1 ...