THEC(BJ:833509) Sou Hu Cai Jing·2025-10-20 23:56Core Insights - The company, Tonghui Electronics, has experienced significant growth in the semiconductor testing market, driven by the increasing demand for testing equipment in emerging fields such as third-generation semiconductors [4][5] - The founder, Zhao Haohua, emphasizes a focus on technology and product quality, which has been a guiding principle for the company since its inception [3][6] - The company plans to enhance its production capacity and expand its market presence, particularly in high-value products and overseas markets [6][7] Company Background - Tonghui Electronics was founded by Zhao Haohua and seven partners, evolving from a focus on consumer electronics testing to semiconductor and new energy testing [3][4] - The company has been in operation for 30 years, with a commitment to solid technical development and product quality [3] Product Development - The company has launched three core semiconductor testing products: a precision source meter, a high-resistance meter, and a CV testing integrated product, which have been crucial for establishing its presence in the semiconductor sector [5][6] - The production capacity utilization rate has reached approximately 70%, with plans to increase it to over 80% in the next two to three years [5] Market Strategy - The company adopts a dual strategy of focusing on high-value products while expanding into international markets, particularly in Europe, North America, and Southeast Asia [6][7] - Currently, overseas revenue accounts for only 10% of total revenue, indicating significant potential for growth in international markets [7] Future Outlook - The company aims to align its product development with market trends and national policies, particularly in the semiconductor industry, which is supported by government initiatives [7] - The focus on high-value products and global market expansion is expected to drive sustainable profit growth and strengthen the company's competitive position [6][7]