*ST同洲成功摘星脱帽 一年内股价暴涨近13倍

Core Viewpoint - *ST Tongzhou has successfully removed the delisting risk warning and other risk warnings, changing its stock name from "*ST Tongzhou" to "Tongzhou Electronics," marking a significant turnaround after nearly five years of struggles [1] Company Summary - Tongzhou Electronics has experienced a continuous decline in stock price for 17 years, with a peak price of 54 yuan shortly after its listing in 2006, dropping to a low of 0.8 yuan by June 2024 [2] - The company reported a negative net profit for ten consecutive years from 2014 to 2023, leading to a delisting risk warning in April 2024 due to negative audited net profit and revenue below 100 million yuan [2] - In 2022, the company faced additional risk warnings due to a property service contract dispute with Dazhu Holdings, resulting in frozen bank accounts [2] - The company announced a significant turnaround in its financial performance for the 2024 fiscal year, with a net profit of 69.61 million yuan, a 193.13% increase year-on-year, and a revenue of 599 million yuan, up 155.52% [3] Industry Summary - The Chinese power supply industry reached a market value of 542.1 billion yuan in 2023, with a compound annual growth rate (CAGR) of approximately 13.6% from 2015 to 2023, projected to reach 738.9 billion yuan by 2025 [5] - The switch power supply sector, a major component of the power supply industry, grew from 115 billion yuan in 2015 to 394.7 billion yuan in 2023, with a CAGR of about 16.7%, and the highest growth rate of 29.2% from 2020 to 2023 [6] - The demand for high-power switch power supplies is driven by sectors such as computing servers, new energy vehicles, and renewable energy systems, with significant growth opportunities arising from the demand for high-performance computing servers for generative AI [7]