THEC(BJ:833509)2024-07-22 12:31Group 1: Investor Relations Activities - The investor relations activity was a targeted research event held online on July 19, 2024, with participation from several securities firms and private equity management companies [2][3]. - The company guarantees the authenticity and completeness of the announcement content, taking legal responsibility for any misleading statements or omissions [1][2]. Group 2: Automotive Chip Testing - The company has established a presence in automotive chip testing, particularly in the third-generation power semiconductor sector, with successful product integration in domestic leading companies' production lines [4][5]. - The TH51X series semiconductor devices have a CV characteristic analysis instrument capable of handling voltages up to 3000V and frequencies up to 2MHz, addressing key industry pain points [4]. Group 3: Semiconductor Product Development - The company faces high technical barriers in semiconductor testing, with international leaders dominating the market, but aims to enhance its product line and performance through continuous innovation [5]. - Recent product launches, including the SMU source meter series and PIV pulse characteristic testing series, have shown significant sales growth and improved product structure [5]. Group 4: Collaboration with Southeast University - A partnership with Southeast University was established in March 2023, with a total investment of RMB 10 million over three years to develop advanced power chip testing technologies [6]. - The collaboration aims to enhance the company's core competitiveness in electronic measurement instruments and support the development of high-end testing instruments [6]. Group 5: Impact of Consumer Electronics Recovery - The consumer electronics sector has shown a recovery, with a 13.8% year-on-year increase in the electronic information manufacturing industry, positively impacting the company's 2024 performance [7]. - Major clients in the consumer electronics sector include companies in the Huawei and Apple supply chains, contributing significantly to the company's revenue [7]. Group 6: Key Products - The company has developed several advanced products, including: - TH2851 precision impedance analyzer with a bandwidth of 130MHz, leading in international standards [8]. - TH199X precision source/measurement unit (SMU) with dual-channel testing capabilities [8]. - TH66XX series feedback source/load systems for applications in renewable energy [9]. Group 7: Dividend Policy - The company has consistently distributed dividends exceeding 58% of its net profits since its listing, with a 105% payout ratio in 2023 due to strong cash flow [10]. - Future dividend policies will continue to focus on shareholder returns through cash dividends and share buybacks [10]. Group 8: Shareholding Stability - The actual controllers hold 61.5% of the company's shares, ensuring stability in ownership, with no current plans for share reduction [11][12]. - The shareholders have signed a new agreement to maintain their collective action until June 2030, reinforcing long-term commitment to the company [12].