Market Overview - The communication equipment sector experienced a decline of 0.27% on November 27, with Meilixin leading the drop [1] - The Shanghai Composite Index closed at 3875.26, up 0.29%, while the Shenzhen Component Index closed at 12875.19, down 0.25% [1] Top Performers - Tongyu Communication (002792) saw a significant increase of 10.03%, closing at 21.62 with a trading volume of 576,300 shares and a transaction value of 1.207 billion [1] - LianTe Technology (301205) rose by 9.98%, closing at 134.73 with a trading volume of 196,100 shares and a transaction value of 2.507 billion [1] - Other notable gainers include Taicheng Light (300570) up 7.51%, Guanghetong (300638) up 7.09%, and Cambridge Technology (603083) up 5.95% [1] Underperformers - Meilixin (301307) experienced a significant drop of 11.70%, closing at 35.86 with a trading volume of 257,600 shares and a transaction value of 963 million [2] - Shida Group (600734) fell by 9.92%, closing at 5.54 with a trading volume of 3,512,400 shares and a transaction value of 76.67 million [2] - Other notable decliners include Ruisi Kanda (603803) down 6.35% and Changxin Bochuang (300548) down 3.84% [2] Capital Flow - The communication equipment sector saw a net outflow of 2.31 billion from institutional investors, while retail investors contributed a net inflow of 1.647 billion [2][3] - Notable net inflows from retail investors were observed in companies like Cambridge Technology and Guanghetong, while significant outflows were noted in Meilixin and Taicheng Light [3] Individual Stock Capital Flow - ZTE Corporation (000063) had a net inflow of 787 million from institutional investors, while retail investors saw a net outflow of 337 million [3] - Taicheng Light (300570) had a net inflow of 319 million from institutional investors, with retail investors experiencing a net outflow of 174 million [3] - Cambridge Technology (603083) recorded a net inflow of 238 million from institutional investors and a net inflow of 159 million from retail investors [3]

Core Viewpoint - Zhaolong Interconnect's stock has shown a mixed performance in recent trading, with a slight increase of 2.03% on November 26, 2023, while the company has experienced a year-to-date stock price increase of 4.05% and a significant decline over the past 60 days [1][2]. Financial Performance - For the period from January to September 2025, Zhaolong Interconnect achieved a revenue of 1.518 billion yuan, representing a year-on-year growth of 13.28%. The net profit attributable to shareholders was 138 million yuan, marking a substantial increase of 53.82% compared to the previous year [2]. - Cumulatively, since its A-share listing, Zhaolong Interconnect has distributed a total of 113 million yuan in dividends, with 82.34 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Zhaolong Interconnect reached 38,100, an increase of 8.59% from the previous period. The average number of circulating shares per shareholder decreased by 7.49% to 6,721 shares [2]. - Among the top ten circulating shareholders, notable changes include an increase in holdings by the Southern CSI 1000 ETF, which now holds 854,000 shares, and a decrease in holdings by Hong Kong Central Clearing Limited, which now holds 790,900 shares [3]. Business Overview - Zhaolong Interconnect, established on August 21, 1995, and listed on December 7, 2020, is located in Deqing County, Huzhou City, Zhejiang Province. The company specializes in the design, manufacturing, and sales of data cables, specialized cables, and connection products [1]. - The revenue composition of Zhaolong Interconnect includes: 43.60% from data communication cables of category 6 and below, 20.81% from category 6A and above, 18.04% from specialized cables, 11.62% from connection products, and 5.94% from other sources [1]. Market Position - Zhaolong Interconnect operates within the communication equipment industry, specifically in the segment of communication cables and supporting products. The company is associated with various concept sectors, including switches, machine vision, high-speed connectors, big data, and robotics [1].

Core Viewpoint - The company, Zhejiang Zhaolong Interconnect Technology Co., Ltd., is experiencing growth in its business segments, particularly in high-speed cables and optical products, benefiting from the depreciation of the RMB and expanding its overseas market presence [2][3]. Company Overview - Zhejiang Zhaolong Interconnect was established on August 21, 1995, and went public on December 7, 2020. The company specializes in the design, manufacturing, and sales of data cables, special cables, and connection products [7]. - The revenue composition includes: 43.60% from category 6 and below data communication cables, 20.81% from category 6A and above, 18.04% from special cables, 11.62% from connection products, and 5.94% from other sources [7]. - As of September 30, 2025, the company reported a revenue of 1.518 billion yuan, a year-on-year increase of 13.28%, and a net profit attributable to shareholders of 138 million yuan, up 53.82% year-on-year [7]. Market Performance - On November 25, the stock price increased by 2.35%, with a trading volume of 261 million yuan and a turnover rate of 2.08%, bringing the total market capitalization to 15.251 billion yuan [1]. - The company has a significant overseas revenue share of 61.93%, benefiting from the depreciation of the RMB [3]. Product and Technology Development - The company has established itself as a core partner in the active cable (AEC) sector for leading international interconnect solution providers, leveraging its technological expertise in high-speed cable [2]. - Its optical products include fiber optic jumpers, MPO/MTP pre-terminated connectors, and LC fiber optic connectors, primarily serving high-end projects in finance, education, healthcare, and exhibitions, while also expanding into overseas markets [2]. - The company is one of the few in China capable of designing and manufacturing data cables exceeding category 6, 7, and even category 8, meeting the new data transmission demands of the 5G era [2]. Shareholder and Dividend Information - Since its A-share listing, the company has distributed a total of 113 million yuan in dividends, with 82.34 million yuan distributed over the past three years [8]. - As of September 30, 2025, the number of shareholders increased to 38,100, with an average of 6,721 shares held per person, a decrease of 7.49% from the previous period [7].

证券日报网讯 11月24日晚间，兆龙互连发布公告称，公司分别于2025年10月28日、2025年11月14日召 开了第三届董事会第十三次会议及2025年第三次临时股东大会，审议通过了《关于变更公司注册资本及 修订的议案》。近日，公司已办理完成了工商变更登记及《公司章程》备案手续，并取得了浙江省市场 监督管理局换发的《营业执照》。 （文章来源：证券日报） ...

证券代码：300913 证券简称：兆龙互连 公告编号：2025-076 浙江兆龙互连科技股份有限公司 关于完成工商变更登记的公告 成立日期：1995 年 08 月 21 日 住所：浙江省德清县新市镇士林工业区 经营范围：一般项目：新材料技术研发；物联网技术研发；信息系统集成服 务；电线、电缆经营；电子元器件制造；电子元器件零售；机械电气设备制造； 通信设备制造；光通信设备制造；光通信设备销售；光电子器件制造；光电子器 件销售；光缆制造；光缆销售；光纤制造；光纤销售；电力电子元器件制造；电 力电子元器件销售；智能车载设备制造；计算机软硬件及外围设备制造；云计算 设备制造；网络设备制造；模具制造；模具销售；机械零件、零部件加工；机械 零件、零部件销售；技术服务、技术开发、技术咨询、技术交流、技术转让、技 1 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 浙江兆龙互连科技股份有限公司（以下简称"公司"）分别于 2025 年 10 月 28 日、2025 年 11 月 14 日召开了第三届董事会第十三次会议及 2025 年第三 次临时股东大会，审议通过了《关于变更公 ...

Core Viewpoint - The company, Zhaolong Interconnect (300913), confirmed that its production and operations are normal and there are no circumstances triggering delisting risk warnings as per the Shenzhen Stock Exchange's rules [1] Group 1 - The company is currently operating normally [1] - There are no delisting risk warnings applicable to the company [1] - The company adheres to the Shenzhen Stock Exchange's listing rules [1]

Group 1 - The company, Zhaolong Interconnect (300913), plans to continuously follow the development trends of computing networks and artificial intelligence [1] - The company will increase research and development investment in the optical product field [1] - The company aims to expand product application scenarios and enhance core technological competitiveness [1]

Group 1 - The company has developed comprehensive technical reserves and industrialization capabilities to provide tailored product solutions based on different application scenarios [2] - The company emphasizes a combination of independent research and process optimization, resulting in core foaming technology that meets the performance requirements of various specifications of high-speed cable products [2] - This approach effectively ensures the consistency of product performance across its product system [2]

Core Viewpoint - The company has demonstrated stable operations in recent years, with projected revenue and profit growth rates indicating a positive outlook for the future [2] Financial Performance - The compound annual growth rate (CAGR) for total revenue from 2021 to 2024 is expected to be 8% [2] - The net profit CAGR for the same period is projected to be 20% [2] - For the first nine months of 2025, the company reported a revenue of 1.518 billion yuan, representing a year-on-year increase of 13.28% [2] - The net profit for the same period was 138 million yuan, showing a significant year-on-year growth of 53.82% [2] Strategic Focus - The company aims to enhance its operational management and profitability [2] - There is a commitment to creating long-term value for shareholders and society [2]

Group 1 - The company, Zhaolong Interconnect, stated that the selected equipment is at an advanced level within the industry, featuring core advantages such as high-precision temperature control and stable extrusion rate control [2] - These technological capabilities are designed to fully meet the production process requirements for the company's high-speed copper cable products, ensuring a solid guarantee for product quality [2]