Core Viewpoint - Spring Autumn Electronics (603890.SH) reported significant growth in 2024, with revenue reaching 3.945 billion yuan, a year-on-year increase of 21.11%, and net profit of 211 million yuan, up 690.05% from the previous year [1][3]. Financial Performance - The company achieved a revenue of 3.945 billion yuan in 2024, marking a 21.11% increase compared to the previous year [1][3]. - Net profit for 2024 was 211 million yuan, reflecting a substantial increase of 690.05% year-on-year [1][3]. - The company's non-recurring net profit was 86 million yuan, which is a 336.99% increase from the previous year [3]. Industry Context - The growth in performance is attributed to the recovery of the notebook computer industry and the successful application of magnesium alloy in new energy vehicles, which has created new revenue streams for the company [1][3]. - The global recovery trend in the notebook computer market has become clearer in 2024, benefiting Spring Autumn Electronics as downstream brands launch various AIPC products [3]. Strategic Moves - The increase in net profit is also linked to the company's divestiture of loss-making subsidiaries, specifically the transfer of 65% of its subsidiary Nanchang Spring Autumn Electronics Technology Co., Ltd. to Shanghai Moqin Intelligent Technology Co., Ltd. [4][5]. - The divestiture of Nanchang Spring Autumn, which had been consistently unprofitable, is expected to enhance the company's overall financial health [5]. Market Reaction - Following the release of the annual report, Spring Autumn Electronics' stock price hit the daily limit, closing at 11.35 yuan per share, a rise of 9.98% [3].