Core Viewpoint - *ST Tongzhou reported significant growth in revenue and net profit for 2024, driven by its high-power power supply business, leading to the removal of its delisting risk warning and a name change to Tongzhou Electronics [1][5]. Financial Performance - In 2024, *ST Tongzhou achieved a revenue of 599 million yuan, representing a year-on-year increase of 155.52% [1][5]. - The net profit attributable to shareholders was 70 million yuan, with a net asset value of 87 million yuan at the end of the reporting period [5][6]. - The high-power power supply business generated 474 million yuan in revenue, accounting for 79.15% of total revenue, with a gross margin of 39% [5]. Business Development - The company attributed its growth to the efforts of its former chairman and new shareholders, who leveraged their industry experience to identify and develop the high-power power supply business [5]. - The company utilized its existing set-top box R&D team's technology and experience to successfully develop and launch high-power power supply products, which began stable supply in July 2024 [5]. Compliance and Risk Management - *ST Tongzhou confirmed that it met the criteria for the removal of the delisting risk warning, with all financial indicators audited and reported accurately [6][7]. - The company has also addressed investor compensation matters, with a total of 32.96 million yuan paid to investors, including 15.65 million yuan for recently settled cases [7].

公司股票自6月17日开市起撤销退市风险警示及其他风险警示，股票简称将变更为"同洲电子"，股 票代码仍为"002052"，股票交易价格日涨跌幅限制将变更为10%。 *ST同洲（002052）即将"摘星脱帽"。 6月15日晚间，*ST同洲公告，公司股票将于6月16日开市起停牌一天，于6月17日开市起复牌。 *ST同洲2024年度财务报告显示，公司扣除非经常性损益前后的净利润孰低者为正值，持续经营能 力不确定性已消除。公司不存在主要银行账户被冻结的情况，符合申请撤销退市风险警示及其他风险 警示的条件。 ...

Core Viewpoint - The company *ST Tongzhou is set to remove its delisting risk warning and change its stock name to Tongzhou Electronics, indicating a significant recovery in its financial status and stock performance [1][2]. Financial Performance - For the fiscal year 2024, the company reported an operating income of 599 million yuan, representing a year-on-year growth of 155.52% [1]. - The net profit attributable to shareholders reached 70 million yuan, marking a 193.13% increase compared to the previous year [1]. - The net assets attributable to shareholders stood at 87 million yuan, showing a remarkable growth of 930.83% year-on-year [1]. Stock Market Activity - The company's stock price has surged over 160% since early March 2023, reflecting strong market performance [1]. - The stock will have a daily price fluctuation limit of 10% after the removal of the delisting risk warning [1]. Business Segments - The company operates in two main business segments: the energy sector, which includes lithium batteries and energy storage solutions, and the set-top box sector, which encompasses satellite reception equipment and smart home solutions [2][3]. - The company is actively investing in the energy market, focusing on technology research and development, production, and sales to explore new growth opportunities [3].

Core Viewpoint - The legal opinion letter indicates that Shenzhen Tongzhou Electronics Co., Ltd. has resolved the conditions that led to the implementation of delisting risk warnings and other risk warnings, allowing the company to apply for the removal of these warnings from its stock trading status [3][10][17]. Group 1: Company Financial Performance - The audited net profit for the year 2023 was negative, and the operating revenue was below 100 million yuan, triggering delisting risk warnings [3][5]. - For the year 2024, the company reported a net profit of 69,609,438.04 yuan and an operating revenue of 599,444,121.84 yuan, indicating a significant recovery [6][15]. - The company’s net assets as of December 31, 2024, were reported at 87,079,501.17 yuan, showing improvement in financial stability [6][7]. Group 2: Risk Warnings and Resolutions - The company faced delisting risk warnings due to negative net profits over three consecutive years and uncertainty in its ability to continue operations [3][10]. - The company has resolved the issues leading to the delisting risk warnings and has submitted an application to the Shenzhen Stock Exchange for their removal [10][11]. - Other risk warnings were also addressed, with the company confirming that frozen funds amounted to only 710,100.23 yuan, which is negligible compared to its total net assets [6][11]. Group 3: Compliance with Regulations - The company has complied with the Shenzhen Stock Exchange's regulations, demonstrating that it does not meet any of the conditions for continued delisting risk warnings [10][17]. - The legal opinion confirms that the company has maintained effective internal controls and has not faced any significant financial reporting issues [9][13]. - The company has fulfilled its disclosure obligations and has not received any administrative penalties related to its financial reporting [16][17].

Core Viewpoint - Shenzhen Tongzhou Electronics Co., Ltd. reported significant growth in its high-power power supply business, with a net profit of 0.70 billion yuan, a year-on-year increase of 193.13%, and a net cash flow from operating activities of 3.37 billion yuan, up 1,828.48% [1][2]. Business Model and Market Analysis - The high-power power supply products are mainly used in computing servers, categorized into four types: server power supplies, energy storage and new energy power supplies, industrial and special power supplies, and automotive and communication power supplies [2][3]. - The company’s high-power power supply products utilize advanced technologies such as high-efficiency circuit topology design and digital control, achieving a power density of 104.1W/inch³ and an efficiency of up to 96.8% [3][4]. - The company has invested approximately 1.31 billion yuan in the high-power power supply business, focusing on production costs, including raw material purchases and processing fees [5][6]. Customer and Supplier Relationships - The top five customers are not related parties, and the company has established a direct sales model where customers place orders through email or their supplier management systems [7][8]. - The main suppliers include Shenzhen Huayouxintai Technology Co., Ltd., which has a close relationship with the company’s shareholders, and other suppliers providing essential components like chips and transformers [6][8]. Financial Performance - The high-power power supply business generated revenue of 4.74 billion yuan, accounting for 79.15% of total revenue, with a gross margin of 39% [1][15]. - The company’s gross margin is competitive compared to peers, with a gross margin of 39%, which is comparable to Newray and higher than Magtech and Oulu [15][16]. Market Growth and Trends - The power supply industry in China is experiencing rapid growth, with the market size expected to reach 542.1 billion yuan by 2025, driven by developments in data centers, medical devices, high-end equipment manufacturing, and new energy applications [8][9]. - The demand for high-power power supplies is primarily driven by computing servers, new energy vehicles, and renewable energy systems, with AI server shipments expected to grow significantly [9][10]. Operational Stability and Sustainability - The company has established a stable business model for its high-power power supply segment, with a complete production process and the ability to independently calculate costs and revenues [16][18]. - The company has developed a robust supply chain and customer base, ensuring that it does not rely heavily on any single customer or supplier, thus enhancing the sustainability of its operations [19][20].

*ST同洲（002052）公告，公司股票将于6月16日停牌一天，6月17日开市起复牌并撤销退市风险警示及 其他风险警示，股票简称由"*ST同洲"变更为"同洲电子"，日涨跌幅限制变更为10%。 ...

法律意见书 法律意见书 致深圳市同洲电子股份有限公司： 广东君言律师事务所（以下简称"本所"）接受深圳市同洲电子 股份有限公司（以下简称"同洲"或"公司"）的委托，根据《中华 人民共和国公司法》（2023 年修订）、《中华人民共和国证券法》 （2019 年修订）等法律法规以及《深圳证券交易所股票上市规则》 （2025 年修订）（以下简称"《股票上市规则》"）的规定，按照 中国律师行业公认的业务标准、道德规范和勤勉尽责精神，就同洲 2024 年年报的问询函（以下简称"本次问询"）相关事项出具本法 律意见书。 2、为出具本法律意见书，本所律师审查了公司提供的与出具本 法律意见书相关的文件资料，听取相关方对有关事实的陈述和说明， 并对有关问题进行了必要的核查和验证。公司对本所律师作出如下承 诺：其向本所律师提供的信息和文件资料（包括但不限于原始书面资 料、副本资料和口头信息等）均是真实、准确、完整和有效的，该等 资料副本或复印件均与其原始资料或原件一致，所有文件的签名、印 章均是真实的，不存在虚假记载、误导性陈述或重大遗漏之处。 1 法律意见书 3、本所经办律师已按照业务规则，采用了书面审查、查询、复 核等方法，勤 ...

关于对深圳市同洲电子 股份有限公司 2024 年年报的问询函相关事项的 核查说明 政旦志远核字第 2500230 号 政旦志远（深圳）会计师事务所（特殊普通合伙） Zandar Certified Public Accountants LLP 关于对深圳市同洲电子股份有限公司 2024 年年报的问询函 相关事项的核查说明 目 录 页 次 一、 关于对深圳市同洲电子股份有限公司 1-20 2024 年年报的问询函相关事项的 核查说明 政旦志远核字第 2500230 号报告问询函相关事项的核查说明 关于对深圳市同洲电子股份有限公司 2024 年年报的问询函 相关事项的核查说明 政旦志远核字第 2500230 号 深圳证券交易所： 由深圳市同洲电子股份有限公司转来的《关于对深圳市同洲电子股份有限公司 2024 年年报的问询函》（公司部年报问询函〔2025〕第 77 号，以下简称"问询函"） 已奉悉。我们已对问询函所提及的深圳市同洲电子股份有限公司（以下简称"同洲电 子"）的相关事项进行了审慎核查，现汇报如下： 1.报告期内，你公司实现营业收入 5.99 亿元，同比增长 155.52%；归属于上市公 司股东的净利润（ ...

股票代码：002052 股票简称：*ST 同洲 公告编号：2025-064 深圳市同洲电子股份有限公司 关于 2024 年年报问询函的回复的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 深圳市同洲电子股份有限公司（以下简称"公司"、"同洲电子"）于 2025 年 4 月 29 日收到深圳证券交易所出具的《关于对深圳市同洲电子股份有限公司 2024 年年报 的问询函》（公司部年报问询函〔2025〕第 77 号），公司就相关事项进行了认真核查和 分析，并对问询函中所列问题向深圳证券交易所作出了书面说明回复。现将回复内容 公告如下： 1.报告期内，你公司实现营业收入 5.99 亿元，同比增长 155.52%；归属于上市公 司股东的净利润（以下简称净利润）为 0.70 亿元，同比增长 193.13%；经营活动产生 的现金流量净额为 3.37 亿元，同比增长 1,828.48%。报告期末，你公司归属于上市公 司股东的净资产为 0.87 亿元，同比增长 930.83%。你公司 2024 年度新增的高功率电 源业务的营业收入为 4.74 亿元，占总营业收入的比例为 ...

深圳市同洲电子股份有限公司 关于公司股票撤销退市风险警示及其他风险警示暨停复牌公告 股票代码：002052 股票简称：*ST 同洲 公告编号：2025-065 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、深圳市同洲电子股份有限公司（以下简称"公司"）股票将于2025年6 月16日（星期一）开市起停牌一天，于2025年6月17日（星期二）开市起复牌。 2、公司股票自2025年6月17日开市起撤销退市风险警示及其他风险警示，股 票简称由"*ST同洲"变更为"同洲电子"，股票代码仍为"002052"。 3、撤销退市风险警示及其他风险警示后，公司股票交易价格日涨跌幅限制 变更为10%。 一、股票的种类、简称、股票代码、涨跌幅、撤销退市风险警示及其他风 险警示的起始日及停复牌安排 1、股票种类：人民币普通股A股； 3、股票代码：仍为"002052"； 4、撤销退市风险警示及其他风险警示起始日：自2025年6月17日（星期二） 开市起撤销； 5、停复牌安排：公司股票将于2025年6月16日（星期一）开市起停牌一天， 于2025年6月17日（星期二）开市 ...