天眼查资料显示，江苏中天科技股份有限公司，成立于1996年，位于南通市，是一家以从事电气机械和 器材制造业为主的企业。企业注册资本341294.9652万人民币。通过天眼查大数据分析，江苏中天科技 股份有限公司共对外投资了56家企业，参与招投标项目5000次，财产线索方面有商标信息70条，专利信 息1832条，此外企业还拥有行政许可6881个。 专利摘要显示，一种气吹光缆及其生产工艺，包括有缆芯和包覆在所述缆芯外的外护套，所述缆芯包括 有若干光纤以及将若干所述光纤在轴向间断粘接的粘接部，在所述外护套成型后，再在所述外护套上设 置有凸出件，所述凸出件呈螺旋状环绕在所述外护套的外表面，所述凸出件沿气吹光缆的径向朝外侧延 伸且凸出于外护套。通过将凸出件与外护套分离成型，避免了一体挤塑时凸出件受热冷却不均而造成的 形变；同时，凸出件可根据不同施工环境灵活选材，有助于提升光缆在气吹施工中的减摩效果及耐磨性 能；根据不同施工环境，实现光缆凸出件的稳定性与材料的灵活选择，以有效降低冷却成型过程中凸出 件易变形的问题，并可根据需求选取不同材料以满足光缆的综合性能需求。 金融界2025年5月13日消息，国家知识产权局信息显示， ...

Group 1 - The communication index has shown a strong increase of 1.23%, with notable stocks such as Qiyu Technology reaching the daily limit increase and Cambridge Technology rising by 7.18% [1] - The communication ETF has seen a weekly increase of 5.11%, ranking first among comparable funds [1] - The trading volume of the communication ETF was 4.34%, with a transaction value of 4.74 million yuan [3] Group 2 - The communication ETF has experienced a significant growth in scale, increasing by 2.26 million yuan over the past two weeks, leading among comparable funds [3] - The ETF's share count has grown by 22 million shares in the last three months, also ranking first among comparable funds [3] - Zhongji Xuchuang, a leading company in optical communication, reported a revenue of 23.862 billion yuan for 2024, a year-on-year increase of 122.64%, and a net profit of 5.171 billion yuan, up 137.93% [3] Group 3 - The first quarter of 2025 saw Zhongji Xuchuang achieve a revenue of 6.674 billion yuan, a year-on-year increase of 37.82%, and a net profit of 1.583 billion yuan, up 56.83% [3] - Predictions indicate that global AI spending will reach 500 billion dollars in 2025, suggesting sustained high growth in revenue and profit for related companies [3] - Companies in the server and connector sectors are expected to perform well due to increased AI demand and capital expenditure growth from domestic and international internet firms [3] Group 4 - The top ten weighted stocks in the communication index account for 58.92% of the total, including major players like China Telecom, ZTE, and China Mobile [4] - Investors can access optical communication investment opportunities through the communication ETF linked fund [4]

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][8] Core Insights - The company has shown improvement in revenue and net profit in Q1, with a sufficient backlog of orders indicating an upward trend [1][5] - The company's revenue for 2024 is projected to be 48.06 billion yuan, with a year-on-year growth rate of 7% [2] - The net profit for 2024 is expected to be 2.84 billion yuan, reflecting a decrease of 9% year-on-year, but a significant recovery is anticipated in subsequent years [2][5] - The company is a leader in the optical and marine cable sectors, with a strong order book in the energy network segment, amounting to approximately 31.2 billion yuan [5] Financial Performance Summary - Revenue for 2023 was 45.07 billion yuan, with a year-on-year growth of 12% [2] - The projected revenue for 2025 is 55.77 billion yuan, with a growth rate of 16% [2] - The projected net profit for 2025 is 3.56 billion yuan, with a year-on-year growth of 26% [2] - The earnings per share (EPS) for 2025 is estimated at 1.04 yuan, increasing to 1.61 yuan by 2027 [2][5] Market Position and Outlook - The company has successfully signed multiple projects in Southeast Asia, enhancing its international presence [5] - The demand for optical fibers and cables is expected to grow rapidly in various global markets, driven by advancements in AI and data center infrastructure [5] - The company has initiated share buybacks, totaling 15.77 million shares, which represents 0.46% of the total share capital [5]

Core Viewpoint - The company, Jiangsu Zhongtian Technology Co., Ltd., is set to hold an investor briefing on May 19, 2025, to discuss its 2024 annual and 2025 Q1 performance, with adjustments made to the meeting format and duration [2][3][7]. Group 1: Meeting Details - The investor briefing will take place on May 19, 2025, from 15:00 to 16:30 [2][3]. - The meeting will be held at the Shanghai Stock Exchange Roadshow Center and will utilize both video and online interaction [2][3]. - Investors can participate online through the Shanghai Stock Exchange Roadshow Center website [4][6]. Group 2: Participation Information - Investors can submit questions from May 12 to May 16, 2025, via the Roadshow Center website or through the company's email [4][6]. - The company will address commonly asked questions during the briefing [2][4]. Group 3: Attendees - Key attendees will include the company's Chairman, independent directors, General Manager, CFO, and the Board Secretary [3].

Investment Rating - The investment rating for the company is "Buy" and is maintained [8] Core Views - In 2025, the domestic offshore wind market is expected to see a significant recovery, and the company is accelerating its expansion into overseas offshore wind markets, which is likely to benefit from the overseas offshore wind installation boom and achieve substantial cable delivery, thereby releasing performance growth potential [5][11] - The company reported a revenue of 48.06 billion yuan in 2024, a year-on-year increase of 6.6%, while the net profit attributable to shareholders was 2.84 billion yuan, a year-on-year decrease of 8.9% [5][11] - The company has a robust order backlog, with approximately 31.2 billion yuan in hand orders as of April 23, 2025, including 13.4 billion yuan in marine projects and 14 billion yuan in grid construction [11] Summary by Sections Financial Performance - In 2024, the company achieved a revenue of 48.06 billion yuan, with a year-on-year growth of 6.6%. The net profit attributable to shareholders was 2.84 billion yuan, down 8.9% year-on-year. In Q1 2025, the company reported a revenue of 9.76 billion yuan, up 18.4% year-on-year, and a net profit of 630 million yuan, down 1.3% year-on-year but up 19.2% quarter-on-quarter [5][11] - The company's gross margin for 2024 was 14.4%, a decrease of 1.8 percentage points year-on-year, while the net margin was 5.9%, down 1.0 percentage point year-on-year. In Q1 2025, the gross margin was 14.6%, down 3.4% year-on-year but up 3.8% quarter-on-quarter [11] Business Segments - The revenue from the submarine cable segment in 2024 was 3.644 billion yuan, down 2.6% year-on-year, while the power transmission segment achieved a revenue of 19.785 billion yuan, up 18.2% year-on-year. The optical communication and network segment reported a revenue of 8.094 billion yuan, down 11.2% year-on-year [11] - The company has been actively participating in international market competition, with marine international market revenue growing for three consecutive years. In 2024, it won several significant projects, including high-voltage submarine cable projects in Brazil and the Middle East [11] Future Outlook - The company is expected to benefit from the recovery of the domestic offshore wind market and the acceleration of overseas offshore wind development, which will enhance cable delivery and performance growth. The forecasted net profit attributable to shareholders for 2025-2027 is 3.409 billion yuan, 3.871 billion yuan, and 4.326 billion yuan, corresponding to year-on-year growth rates of 20%, 14%, and 12% respectively [11]

证券代码：600522 证券简称：中天科技 公告编号：临 2025-031 江苏中天科技股份有限公司关于召开 2024 年度暨 2025 第一季度业绩说明会的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频和网络互动 投资者可于 2025 年 05 月 12 日（星期一）至 05 月 16 日（星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 zttirm@ztt.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 江苏中天科技股份有限公司（以下简称"公司"）已于 2025 年 4 月 25 日披 露了《江苏中天科技股份有限公司关于召开 2024 年度暨 2025 年第一季度业绩说 明会的公告》（公告编号：临 2025-029）。现根据实际工作安排，公司 2024 年 度暨 2025 年第一季度业绩说明会的召开方式由"上证路演中心网络互动"调整 为"上证路 ...

Core Viewpoint - Nantong, as a key growth pole in Jiangsu's coastal economic belt, is leveraging its strategic position in the Yangtze River Delta to develop a modern industrial system centered around the "616" framework, which includes six trillion-level industrial clusters and sixteen advantageous industrial chains [1][12]. Group 1: New Quality Productive Forces Overview - New Quality Productive Forces, introduced by President Xi Jinping, emphasize innovation as the main driver, moving away from traditional economic growth models, characterized by high-tech, high-efficiency, and high-quality features [2]. - This concept is crucial for promoting high-quality economic development and is a key support for building a modern industrial system [2]. Group 2: Economic Performance of Nantong - Nantong's GDP is projected to exceed 1.24 trillion yuan (approximately 1242.19 billion yuan) in 2024, with a year-on-year growth rate of 6.2%, leading the province [3]. - The three industries are showing collaborative growth: the primary industry added value is 53.21 billion yuan (2.7% growth), the secondary industry 590.68 billion yuan (6.9% growth), and the tertiary industry 598.30 billion yuan (5.7% growth) [3]. Group 3: Industrial Growth and Key Sectors - Nantong's industrial economy is experiencing robust growth, with an increase of 9.3% in industrial added value, ranking among the top in the province [5]. - Key sectors such as specialized equipment, chemical fibers, and electrical machinery have shown significant growth rates of 14.4%, 14.1%, and 11.7% respectively [5]. - The six trillion-level industrial clusters continue to expand, with an annual output growth of 8.5%, contributing 5.3 percentage points to the industrial growth [5]. Group 4: Policy Framework for New Quality Productive Forces - The central economic work conference in 2024 emphasized the importance of technological innovation in leading the development of new quality productive forces [10]. - Nantong has implemented a series of targeted policies to foster new quality productive forces, including action plans for low-altitude economy, artificial intelligence, and technology innovation parks [10][11]. Group 5: Modern Industrial System Development - Nantong is integrating new quality productive forces into the national strategic framework, focusing on six trillion-level industrial clusters and sixteen advantageous industrial chains [12][13]. - The city aims to build a modern industrial system with advanced manufacturing at its core, emphasizing industrial upgrades and the development of strategic emerging industries [15]. Group 6: Spatial Layout and Industrial Clusters - Nantong is constructing a new spatial layout characterized by "one main, one deputy, two belts, and four groups," enhancing its economic and innovation capabilities [17]. - The city has established six key industrial chains, including new energy, shipbuilding, high-end equipment, new materials, biomedicine, and new generation information technology, with leading companies like Tongfu Microelectronics and Lin Yang Energy [21][22]. Group 7: Future Development Trends - Nantong is focusing on forward-looking layouts for future industries, emphasizing low-altitude economy, deep-sea equipment, and new energy storage [25][26]. - The city aims to enhance green and intelligent transformation, targeting the establishment of over 100 provincial-level smart factories by 2027 [28]. - Nantong is deepening regional collaborative innovation, integrating into the Yangtze River Delta's development, and establishing a collaborative model for research and development [29].

证券代码：600522 证券简称：中天科技 公告编号：临 2025-030 一、回购股份的基本情况 2024 年 11 月 5 日，江苏中天科技股份有限公司（以下简称"公司"）召开第 八届董事会第二十七次会议，审议通过了《关于第五期以集中竞价交易方式回购 公司股份方案的议案》，同意公司使用自有资金和自筹资金，以集中竞价交易方式 回购公司股份，回购股份将全部用于实施员工持股计划。本次回购股份的资金总 额不低于人民币 20,000 万元（含），不超过人民币 40,000 万元（含），回购价格 不超过人民币 22.00 元/股（含），回购股份的实施期限自公司董事会审议通过回 购股份方案之日起 12 个月内，即至 2025 年 11 月 4 日止。具体内容详见于 2024 年 11 月 6 日及 2024 年 11 月 15 日披露的《江苏中天科技股份有限公司关于第五 期以集中竞价交易方式回购股份的预案》（公告编号：临 2024-061）、《江苏中天 科技股份有限公司关于第五期以集中竞价交易方式回购股份的回购报告书》（公告 1 编号：临 2024-065）。 二、回购股份的进展情况 根据《上海证券交易所上市公司自律监 ...

Investment Rating - The investment rating for the company is "Buy" with a target price not specified [6]. Core Views - The company reported a revenue of 48.1 billion yuan for 2024, a year-on-year increase of 6.63%, while the net profit attributable to shareholders was 2.838 billion yuan, down 8.94% year-on-year [1][2]. - In Q1 2025, the company achieved a revenue of 9.756 billion yuan, representing an 18.37% year-on-year growth, and a net profit of 628 million yuan, a slight decline of 1.33% year-on-year, but the non-net profit increased by 20.45% year-on-year [1][3]. Summary by Sections Financial Performance - The company's gross margin for 2024 was 14.39%, down 1.83 percentage points year-on-year, primarily due to a decline in revenue from the optical communication and network business, which saw an 11.19% decrease to 8.1 billion yuan [2]. - The company’s overall revenue and non-net profit grew by approximately 20% in Q1 2025, with the net profit remaining stable compared to the previous year due to the absence of non-operating income from the previous year [3]. Order Backlog and Growth Potential - As of April 23, 2025, the company had a robust order backlog of approximately 31.2 billion yuan in the energy network sector, including 13.4 billion yuan from marine series, 14 billion yuan from grid construction, and 3.8 billion yuan from new energy [4]. - The company has made significant strides in offshore wind power projects, including winning bids for major projects and successfully delivering China's first 330kV offshore wind power project [4][5]. Future Outlook - The company is expected to benefit from strong growth in its offshore wind power, power grid, and new energy sectors, with a solid order backlog and ongoing innovations in product offerings [5]. - The company anticipates a significant increase in its new energy business, driven by decreasing prices of upstream raw materials and the ongoing push for carbon neutrality [5]. - The optical communication segment is expected to maintain stability, with the company leading in market share and advancing in the development of new optical modules [6]. Financial Projections - The projected net profit for 2025 is 3.989 billion yuan, with expected growth rates of 37.28% in 2025, 24.60% in 2026, and 23.41% in 2027 [10]. - The company’s price-to-earnings (P/E) ratios for 2025, 2026, and 2027 are projected to be 12, 10, and 8 times, respectively [6].

Investment Rating - The investment rating for the company is "Buy" with a target price not specified [6]. Core Views - The company reported a revenue of 48.1 billion yuan for 2024, a year-on-year increase of 6.63%, but the net profit attributable to shareholders decreased by 8.94% to 2.838 billion yuan [2]. - In Q1 2025, the company achieved a revenue of 9.756 billion yuan, representing an 18.37% year-on-year growth, while the net profit attributable to shareholders was 628 million yuan, a slight decline of 1.33% [1][3]. - The company has a strong order backlog of approximately 31.2 billion yuan in the energy network sector, indicating robust growth momentum [4]. Summary by Sections Financial Performance - The company's gross profit margin for 2024 was 14.39%, down 1.83 percentage points year-on-year, primarily due to a decline in revenue from the optical communication and network business, which fell by 11.19% to 8.1 billion yuan [2]. - The company’s Q1 2025 results showed a significant growth in operating revenue and non-net profit, with a 20.45% increase in non-net profit to 597 million yuan [3]. Order Backlog and Growth Potential - As of April 23, 2025, the company has a substantial order backlog, including 13.4 billion yuan in marine series, 14 billion yuan in grid construction, and 3.8 billion yuan in new energy projects [4]. - The company is actively expanding its presence in offshore wind power and has secured significant projects, including the first 330kV offshore wind power project in China [5]. Future Outlook - The company is expected to benefit from strong growth in its offshore wind power, power grid, and new energy sectors, with a forecasted net profit of 3.989 billion yuan for 2025, reflecting a 37.28% increase [5][11]. - The company’s competitive position in the optical communication market remains strong, with ongoing development in advanced optical modules [6].