Financial Performance - Net profit attributable to shareholders rose by 125.39% to CNY 9,924,975.53 for the first quarter of 2025[11]. - Operating revenue for the first quarter reached CNY 39,091,587.32, reflecting a growth of 23.84% year-on-year[11]. - Operating profit for Q1 2025 was ¥11,330,256.60, compared to ¥4,641,226.33 in Q1 2024, reflecting a significant growth[48]. - Net profit for Q1 2025 was ¥9,820,125.65, up 128% from ¥4,322,354.37 in Q1 2024[48]. - The company reported a total profit of ¥11,128,494.93 for Q1 2025, compared to ¥4,648,726.40 in Q1 2024, indicating strong financial performance[48]. - Basic and diluted earnings per share for Q1 2025 were both ¥0.06, doubling from ¥0.03 in Q1 2024[49]. - Total operating revenue for Q1 2025 reached ¥39,091,587.32, a 24% increase from ¥31,566,514.13 in Q1 2024[47]. Cash Flow - Net cash flow from operating activities surged by 182.24% to CNY 8,944,228.00[11]. - Operating cash inflow for Q1 2025 reached ¥51,841,658.11, a 29.5% increase from ¥39,968,850.34 in Q1 2024[51]. - Net cash flow from operating activities for Q1 2025 was ¥10,292,879.40, up from ¥3,581,722.82 in Q1 2024[54]. - Cash and cash equivalents at the end of Q1 2025 totaled ¥45,043,496.70, down from ¥55,163,464.92 at the end of Q1 2024[52]. - Cash flow from investment activities resulted in a net outflow of ¥22,604,775.63 in Q1 2025, contrasting with a net inflow of ¥4,749,569.33 in Q1 2024[52]. Assets and Liabilities - Total assets increased by 2.39% to CNY 401,219,717.19 compared to the end of last year[11]. - The company's total liabilities to assets ratio decreased to 12.24% from 12.65% year-on-year[11]. - Total liabilities decreased slightly to ¥49,113,032.79 from ¥49,569,408.48, a reduction of about 0.9%[43]. - Current liabilities totaled ¥47,128,875.61, showing a marginal decrease from ¥47,372,287.15, indicating a 0.5% decline[42]. - Non-current liabilities decreased to ¥1,984,157.18 from ¥2,197,121.33, reflecting a decrease of approximately 9.7%[42]. - Shareholders' equity increased to ¥352,106,684.40 from ¥342,286,558.75, marking a growth of about 2.4%[43]. Investments and Income - Investment income increased by 271.33% to CNY 1,005,767.83, attributed to higher returns from matured financial products[12]. - Other income for Q1 2025 amounted to ¥1,862,842.38, compared to ¥1,470,539.98 in Q1 2024, showing growth in ancillary revenue streams[47]. - Cash inflow from investment activities for Q1 2025 was ¥51,542,936.95, significantly higher than ¥5,270,856.84 in Q1 2024[54]. Shareholder Information - The top ten shareholders hold a total of 108,337,185 shares, representing 66.95% of the company's total shares[19]. - Zhao Haohua is the largest shareholder with 20,186,100 shares, accounting for 12.47% of the total shares[19]. - There are no pledged or judicially frozen shares among the top ten shareholders[21]. Corporate Governance and Compliance - The company has no external guarantees or loans during the reporting period[23]. - The company has fulfilled its obligations regarding previously disclosed commitments[23]. - There are no significant related party transactions or resource transfers during the reporting period[23]. - The company has no ongoing investigations or penalties against it[23]. - The company’s independent directors and legal advisors have provided favorable opinions on the stock incentive plan and related transactions[33]. Equity Incentive Plan - The company has completed the first grant registration of restricted stock under the 2022 equity incentive plan on November 11, 2022[31]. - The 2022 equity incentive plan was approved by the board on September 22, 2022, and included the nomination of core employees[27]. - The company has completed the registration of the remaining equity grants under the 2022 stock incentive plan on October 12, 2023[33]. - The company’s board of directors approved the adjustment of the repurchase price for the stock incentive plan on April 8, 2024[35]. - The company has not received any objections from employees regarding the proposed list of core employees for the stock incentive plan[32]. Legal Matters - The company is involved in a patent infringement lawsuit with a claim amount of 3,000,000 yuan, which is 0.85% of the company's net assets[25].

Corporate Events and Recognition - In April 2024, the company successfully held its annual dealer conference and a large celebration event titled "Thirty and Strive Together for the Future" [6] - In October 2024, the company was selected for the inaugural "Future 20" list and awarded the title of "2024 China's A-share Listed Company Growth Power Annual Enterprise" [8] - The company successfully applied for the "2024 Innovative Product" project from the Jiangsu Provincial Department of Industry and Information Technology [10] Financial Performance - The company's operating revenue for 2024 reached ¥193,949,849.60, representing a 14.54% increase compared to ¥169,330,193.62 in 2023 [32] - The net profit attributable to shareholders for 2024 was ¥50,437,343.65, a 30.46% increase from ¥38,660,042.67 in 2023 [32] - The net profit after deducting non-recurring gains and losses was ¥45,036,283.75, reflecting a 43.30% increase from ¥31,428,945.42 in 2023 [32] - The total assets at the end of 2024 amounted to ¥391,855,967.23, a decrease of 1.86% from ¥399,276,863.20 at the end of 2023 [34] - The total liabilities decreased by 10.21% to ¥49,569,408.48 from ¥55,206,265.66 at the end of 2023 [34] - The weighted average return on equity based on net profit was 14.86% for 2024, up from 11.72% in 2023 [32] - The operating cash flow for 2024 was ¥63,985,641.38, an increase of 19.5% compared to ¥53,542,605.58 in 2023 [34] - The company reported a basic earnings per share of ¥0.32 for 2024, a 33.33% increase from ¥0.24 in 2023 [32] - The company achieved a gross profit margin of 56.01% in 2024, slightly down from 57.09% in 2023 [32] - The net profit growth rate for 2024 was 30.46%, compared to a decline of 31.17% in 2023 [34] Research and Development - Research and development expenses for the period amounted to 31.36 million yuan, with 67 software copyrights and 83 authorized patents held by the company [64] - R&D expenditure for the current period amounted to CNY 31,357,562.67, accounting for 16.17% of operating revenue, a decrease from 18.63% in the previous period [108] - The number of patents owned by the company increased to 83, up from 67 in the previous period, including 55 invention patents [110] - The company is developing several new products, including a series of RF impedance analyzers and high-power programmable AC/DC power supplies, which are expected to enhance its market competitiveness [111] - The company has established a collaboration with Southeast University to develop advanced power semiconductor chip testing technology, focusing on market and application needs [115] Market and Industry Trends - The electronic measurement instrument market in China is projected to grow from 34.67 billion yuan in 2022 to 42.29 billion yuan by 2025 [68] - The electronic measurement instrument industry is experiencing a shift towards microcomputerization, digitalization, and intelligence, driven by advancements in microelectronics and computer technology [129] - The market for electronic measurement instruments in China is expected to continue expanding, supported by government policies such as tax incentives and financial subsidies [132][133] Shareholder and Stock Management - In May 2024, the company distributed cash dividends of 2.50 yuan for every 10 shares to shareholders [65] - The company repurchased 1.41 million shares, accounting for 0.87% of the total share capital, to protect shareholder interests [65] - The company has approved a stock incentive plan for core employees, aiming to enhance motivation and retention [145] - The company plans to repurchase shares at a price not exceeding 9 CNY per share, with a total repurchase fund of no less than 10 million CNY and no more than 20 million CNY [156] Risk Management - The company has no major risks of delisting [18] - The company has no significant changes in major risks during the reporting period [18] - The company faces risks from intensified market competition, particularly from domestic companies entering the electronic measurement instrument market [137] - The reliance on imported semiconductor chips poses a risk to production, prompting the company to accelerate the development of domestic alternatives [137] - The company has identified potential legal risks related to patent infringement and is implementing measures such as timely patent searches before new product development [138] Corporate Governance and Compliance - The company has not reported any non-standard audit opinions, indicating compliance with auditing standards [116] - The company has effectively communicated with the auditing firm to ensure the accuracy of the audit process and the independence of the auditors [124] - The company has committed to strict management of fundraising projects to mitigate risks associated with the use of raised funds [178] Employee and Environmental Initiatives - The company has implemented a professional health and safety system certification to provide a superior working environment for employees [125] - The company has committed to energy conservation and emission reduction, utilizing rooftop space for photovoltaic power generation, saving approximately 600,000 kWh annually [127] - The company maintains a policy of no layoffs or salary reductions during challenging economic conditions, even increasing some positions [126]

| 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.3200 | 0.2400 | 33.33 | 0.3500 | | 每股净资产（元） | 2.1 | 2.1 | 0 | 3.01 | | 每股公积金(元) | 0.47 | 0.51 | -7.84 | 1.22 | | 每股未分配利润(元) | 0.52 | 0.48 | 8.33 | 0.71 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 1.94 | 1.69 | 14.79 | 1.9 | | 净利润(亿元) | 0.5 | 0.39 | 28.21 | 0.56 | | 净资产收益率(%) | 14.86 | 11.72 | 26.79 | 17.99 | 数据四舍五入，查看更多财务数据>> 一、主要会计数据和财务指标 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 3214.21万股，累计占流通股比： 38.96%，较上期变化： -22 ...

具体来看，第一大买入营业部及卖出营业部均为东方财富证券股份有限公司拉萨团结路第二证券营业 部，买入金额为1791.04万元，卖出金额为1895.71万元。 近半年该股累计上榜龙虎榜5次，上榜次日股价平均涨7.92%，上榜后5日平均跌3.98%。（数据宝） 同惠电子3月28日交易公开信息 | 买/ 卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 东方财富证券股份有限公司拉萨团结路第二证券营业 | 1791.04 | 1895.71 | | | 部 | | | | 买二 | 国投证券股份有限公司长沙茶子山东路证券营业部 | 1725.34 | 0.00 | | 买三 | 东方财富证券股份有限公司拉萨团结路第一证券营业 | 1421.00 | 906.71 | | | 部 | | | | 买四 | 东方财富证券股份有限公司拉萨东环路第二证券营业 | 1161.57 | 755.29 | | | 部 | | | | 买五 | 东方财富证券股份有限公司拉萨东环路第一证券营业 | 918.37 | 715.92 | | | 部 | ...

常州同惠电子股份有限公司 2025 年第一次临时股东大会决议公告 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。 证券代码：833509 证券简称：同惠电子 公告编号：2025-011 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 3 月 25 日 （二）会议出席情况 出席和授权出席本次股东大会的股东共 12 人，持有表决权的股份总数 101,669,640 股，占公司有表决权股份总数的 63.37%。 其中通过网络投票参与本次股东大会的股东共 0 人，持有表决权的股份总数 0 股，占公司有表决权股份总数的 0%。 2.会议召开地点：公司 5 号会议室 3.会议召开方式：现场投票和网络投票相结合的方式 4.会议召集人：董事会 5.会议主持人：董事长赵浩华先生 6.召开情况合法、合规、合章程性说明： 本次股东大会的召集、召开及议案审议程序符合《中华人民共和国公司法》 及《常州同惠电子股份有限公司章程》等有关法律、行政法规、部门规章、规范 性文件的规定。 为满足公司发展战略需要 ...

常州同惠电子股份有限公司 国浩律师（南京）事务所 关 于 法律意见书 2025 年第一次临时股东大会 中国江苏省南京市汉中门大街 309 号 B 座 7-8 层 邮编：210036 7-8/F, Block B, 309 Hanzhongmen Dajie, Nanjing, China, 210036 电话/Tel: +86 25 8966 0900 传真/Fax: +86 2589660966 网址/Website: http://www.grandall.com.cn 二〇二五年三月 国浩律师（南京）事务所 法律意见书 国浩律师（南京）事务所 关于常州同惠电子股份有限公司 2025 年第一次临时股东大会之 法律意见书 之 编号：025202510500540 致：常州同惠电子股份有限公司 根据《中华人民共和国公司法》、《北京证券交易所股票上市规则（试 行）》及其他法律、法规和规范性文件的要求，国浩律师（南京）事务所（以 下称"本所"）接受常州同惠电子股份有限公司（以下称"公司"）的聘请， 指派本所律师出席该公司 2025 年第一次临时股东大会，并就公司本次股东大会 相关事宜出具法律意见。 为出具本法律意 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company is expected to achieve a 31% year-on-year growth in net profit attributable to the parent company in 2024, driven by the gradual release of new product potential [1][3] - The company reported a revenue of 194 million yuan in 2024, representing a 14.62% year-on-year increase, and a net profit of 50.58 million yuan, reflecting a 30.84% year-on-year growth [3] - The company is focusing on expanding its traditional electronic measurement field while also venturing into semiconductor device testing and new energy applications, which is expected to enhance its market position [4][5] Financial Summary - Revenue and net profit projections for 2024-2026 are as follows: - 2024: Revenue of 194 million yuan, net profit of 51 million yuan - 2025: Revenue of 234 million yuan, net profit of 65 million yuan - 2026: Revenue of 292 million yuan, net profit of 81 million yuan [6][10] - The company's gross margin is projected to remain stable, with slight improvements expected in the coming years [6][11] - The earnings per share (EPS) for 2024-2026 are forecasted to be 0.31, 0.40, and 0.50 yuan respectively, with corresponding price-to-earnings (P/E) ratios of 62.6, 48.5, and 39.2 [3][6]

北交所信息更新 北 交 所 研 究 同惠电子（833509.BJ） 新产品潜力逐步释放，2024 年归母净利润同比增长 31% ——北交所信息更新 2025 年 03 月 11 日 投资评级：增持（维持） | 日期 | 2025/3/11 | | --- | --- | | 当前股价(元) | 19.59 | | 一年最高最低(元) | 28.68/6.40 | | 总市值(亿元) | 31.71 | | 流通市值(亿元) | 16.15 | | 总股本(亿股) | 1.62 | | 流通股本(亿股) | 0.82 | | 近 3 个月换手率(%) | 265.73 | 北交所研究团队 诸海滨（分析师） zhuhaibin@kysec.cn 证书编号：S0790522080007 2024 业绩快报：营收 1.94 亿元；归母净利润 5058 万元，同比增长 31% 公司发布 2024 年业绩快报，实现营收 1.94 亿元，同比增长 14.62%，归母净利 润 5058.41 万元，同比增长 30.84%，扣非归母净利润为 4519.11 万元，同比增长 43.79%。公司销售订单较 2023 年增加，销售收 ...

北交所信息更新 北 交 所 研 究 同惠电子（833509.BJ） 新产品潜力逐步释放，2024 年归母净利润同比增长 31% ——北交所信息更新 2025 年 03 月 11 日 投资评级：增持（维持） | 日期 | 2025/3/11 | | --- | --- | | 当前股价(元) | 19.59 | | 一年最高最低(元) | 28.68/6.40 | | 总市值(亿元) | 31.71 | | 流通市值(亿元) | 16.15 | | 总股本(亿股) | 1.62 | | 流通股本(亿股) | 0.82 | | 近 3 个月换手率(%) | 265.73 | 北交所研究团队 诸海滨（分析师） zhuhaibin@kysec.cn 证书编号：S0790522080007 2024 业绩快报：营收 1.94 亿元；归母净利润 5058 万元，同比增长 31% 公司发布 2024 年业绩快报，实现营收 1.94 亿元，同比增长 14.62%，归母净利 润 5058.41 万元，同比增长 30.84%，扣非归母净利润为 4519.11 万元，同比增长 43.79%。公司销售订单较 2023 年增加，销售收 ...

Investment Rating - The report maintains a "Recommended" investment rating for Tonghui Electronics (833509.BI) [1] Core Views - The company has shown significant growth in demand recovery and continuous optimization of its product structure, benefiting from the resurgence in the electronic measurement instrument market driven by the consumer electronics sector [4][5] - The strategic partnership with JD Industrial Products aims to enhance the digital supply chain for testing instruments, improving market reach and supply chain management [4] Financial Performance Summary - In Q4 2024, the company achieved a revenue of 194.08 million yuan, a year-on-year increase of 14.62%, and a net profit attributable to shareholders of 50.58 million yuan, up 30.84% year-on-year [4][8] - The company’s non-net profit for Q4 increased by 127.71% year-on-year, indicating strong operational performance [4] - Forecasted net profits for 2024, 2025, and 2026 are 51 million yuan, 61 million yuan, and 74 million yuan respectively, with growth rates of 30.84%, 21.45%, and 20.42% [5][8] Market and Product Development - The company is expanding its product applications into semiconductor device testing and renewable energy sectors, with new products achieving import substitution [4] - The customer base includes major players in the electronics industry, such as Huawei and Apple, indicating strong market positioning [4] Strategic Initiatives - The collaboration with JD Industrial Products focuses on creating a smarter, more digital procurement ecosystem, which is expected to enhance market share in the testing instrument sector [4] - The company has established a comprehensive dealer service system with over 40 signed first-level dealers, covering nearly 30 provincial-level administrative regions in China and several overseas markets [4]