Core Viewpoint - The company has demonstrated stable operations with a compound annual growth rate (CAGR) of 8% in total revenue and 20% in net profit from 2021 to 2024 [1] Financial Performance - For the period of January to September 2025, the company's revenue reached 1.518 billion yuan, reflecting a year-on-year growth of 13.28% [1] - The net profit for the same period was 138 million yuan, showing a significant year-on-year increase of 53.82% [1] Management Efficiency - The company is committed to enhancing its operational management and profitability, aiming to create long-term value for shareholders and society [1]

Core Viewpoint - The company is actively monitoring the development and application of 6G technology and is looking to capitalize on market opportunities arising from technological iterations [1] Group 1 - The Ministry of Industry and Information Technology has announced that China has conducted 6G technology trials for four consecutive years and has completed the first phase of these trials [1] - The company is involved in the 6G technology landscape and is strategically positioning itself in relation to relevant technologies and products [1]

Core Viewpoint - The company, Zhejiang Zhaolong Interconnect Technology Co., Ltd., is experiencing growth in revenue and profit, driven by its technological advancements in high-speed cables and optical products, as well as benefiting from the depreciation of the RMB [2][3][7]. 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, specialized 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 specialized cables, 11.62% from connection products, and 5.94% from other sources [7]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.518 billion yuan, representing a year-on-year growth of 13.28%. The net profit attributable to the parent company was 138 million yuan, with a year-on-year increase of 53.82% [7]. - The company has distributed a total of 113 million yuan in dividends since its A-share listing, with 82.34 million yuan distributed over the past three years [8]. Market Position and Strategy - 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]. - The company’s optical products serve high-end domestic markets, including financial systems, higher education, and healthcare, while also expanding into overseas markets [2]. - Zhaolong Interconnect is one of the few companies capable of designing and manufacturing data cables up to category 8, meeting the new data transmission demands of the 5G era [2]. Shareholder and Market Activity - As of September 30, 2025, the number of shareholders increased to 38,100, with an average of 6,721 shares per shareholder, a decrease of 7.49% from the previous period [7]. - The stock has seen a net outflow of 3.5246 million yuan from major investors today, with a total of 15.63 billion yuan net inflow in the industry, indicating a lack of clear trend in major investor activity [4][5].

Core Insights - The servo cable market is projected to reach $170 million by 2031, with a compound annual growth rate (CAGR) of 7.5%, driven by the rapid expansion of the market and competitive dynamics in the supply chain [1] - The growth of the servo harness market is fueled by increasing industrial automation and technological innovations, with a significant demand for high-quality servo cables [2][3] - Domestic suppliers are gaining a competitive edge through technological breakthroughs and service advantages, particularly in the context of the accelerating trend of domestic substitution [5][9] Market Dynamics - The demand for servo harnesses is driven by the increasing penetration of industrial automation, with predictions that 400-800 million jobs globally will be replaced by automation technologies by 2030 [2] - The supply side is characterized by technological innovations, with the new generation of composite servo cables, particularly those with PUR (polyurethane) sheathing, dominating the market with a 46.1% market share due to their durability and adaptability [2] Application and Regional Insights - Industrial automation accounts for 69.4% of the demand for servo harnesses, covering critical applications such as CNC machine spindle drives and industrial robot joints [3] - China, Japan, South Korea, and Western Europe are the main markets, with China expected to exceed 250 billion RMB in industrial automation market size by 2025, representing over one-third of the global market [3] Supplier Evaluation and Competitive Landscape - A comprehensive evaluation framework for servo harness suppliers includes four dimensions: technical capability, quality assurance, service responsiveness, and cost-effectiveness [4] - International brands like Igus, LAPP Group, and HELUKABEL maintain a leading position in high-end manufacturing but face challenges due to higher prices and longer delivery times compared to local suppliers like Pinlian Electronics [4][5] Technological Trends and Recommendations - The servo harness industry is evolving towards three main trends: intelligence, lightweight design, and modularity [8] - Experts recommend selecting suppliers based on specific application scenarios, with international brands preferred for high-end precision manufacturing and local suppliers like Pinlian Electronics favored for general industrial automation due to their performance and cost advantages [8] Industry Collaboration and Future Outlook - The strategic importance of servo harnesses is increasing as they are seen as the "nervous system" of motion control systems, with a competitive landscape emerging between international brands and rapidly rising domestic companies [9] - Establishing a supplier evaluation system and fostering long-term partnerships with quality suppliers is crucial for managing the entire lifecycle of equipment and supporting high-quality development in the industrial automation sector [9]

Core Viewpoint - The company, Zhejiang Zhaolong Interconnect Technology Co., Ltd., is experiencing growth in revenue and profit, driven by its technological advancements in high-speed cables and optical products, as well as benefiting from the depreciation of the RMB. Group 1: 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 had 38,100 shareholders, an increase of 8.59% from the previous period, with an average of 6,721 circulating shares per shareholder, a decrease of 7.49% [7] Group 2: Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.518 billion yuan, representing a year-on-year growth of 13.28%, and a net profit attributable to shareholders of 138 million yuan, up 53.82% year-on-year [7] - The company has distributed a total of 113 million yuan in dividends since its A-share listing, with 82.34 million yuan distributed over the past three years [8] Group 3: Market Position and Product Offerings - The company has established itself as a core partner for international leading interconnect solution providers in the active cable (AEC) sector, leveraging its technological expertise in high-speed cable [2] - The optical products offered by the company include fiber optic jumpers, MPO/MTP pre-terminated cables, 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 8, meeting the new data transmission demands of the 5G era [2] Group 4: Investment and Market Trends - The company benefits from the depreciation of the RMB, with overseas revenue accounting for 61.93% of total revenue as of the 2024 annual report [3] - The stock has seen a recent increase in trading activity, with a turnover rate of 0.90% and a total market capitalization of 15.229 billion yuan [1]

每经AI快讯，兆龙互连（SZ 300913，收盘价：48.52元）11月14日晚间发布公告称，公司第三届第十四 次董事会会议于2025年11月14日在公司会议室以现场结合通讯方式召开。会议审议了《关于选举代表公 司执行公司事务的董事的议案》等文件。 （记者 王晓波） 截至发稿，兆龙互连市值为152亿元。 每经头条（nbdtoutiao）——展望"十五五"|专访财科院院长杨志勇：遏制地方政府新增隐性债务，债务 信息要透明，尽可能降低利息成本 2025年1至6月份，兆龙互连的营业收入构成为：数字通信电缆行业占比96.08%，其他业务占比3.92%。 ...

浙江兆龙互连科技股份有限公司 证券代码：300913 证券简称：兆龙互连 公告编号：2025-073 2025年第三次临时股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召集人：浙江兆龙互连科技股份有限公司（以下简称"公司"）董 事会。 2、会议召开时间： （1）现场会议召开时间：2025 年 11 月 14 日（星期五）下午 14:00。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 11 月 14 日上午 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易 所互联网系统投票的具体时间为 2025 年 11 月 14 日 9:15 至 15:00 的任意时间。 3、会议召开地点：浙江省湖州市德清县新市镇士林工业区浙江兆龙互连科 技股份有限公司会议室。 4、会议召开方式：现场表决与网络投票相结合的方式。 5、会议主持人： ...

证券代码：300913 证券简称：兆龙互连 公告编号：2025-075 浙江兆龙互连科技股份有限公司 第三届董事会第十四次会议决议公告 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。 一、董事会会议召开情况 表决结果：11 票同意，0 票反对，0 票弃权。 2、审议通过《关于确认董事会审计委员会成员和召集人的议案》 根据《公司法》《上市公司章程指引》等法律、法规及规范性文件以及《公 司章程》的有关规定，公司对第三届董事会审计委员会成员和召集人进行确认， 公司第三届董事会审计委员会仍由钱瑛女士、应瑛女士、尹莹女士组成，其中钱 瑛女士为召集人且为会计专业人士。任期自本次董事会审议通过之日起至第三届 董事会届满之日止。 1 表决结果：11 票同意，0 票反对，0 票弃权。 三、备查文件 1、第三届董事会第十四次会议决议。 浙江兆龙互连科技股份有限公司（以下简称"公司"）第三届董事会第十四 次会议于 2025 年 11 月 14 日在公司会议室以现场结合通讯方式召开。会议通知 于 2025 年 11 月 14 日以书面及电话方式发出，全体董事一致同意豁免本次会议 通知 ...

上海市锦天城律师事务所 关于浙江兆龙互连科技股份有限公司 2025 年第三次临时股东大会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 楼 电话：（86）21 2051 1000 传真：（86）21 2051 1999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于浙江兆龙互连科技股份有限公司 2025 年第三次临时股东大会的 法律意见书 致：浙江兆龙互连科技股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受浙江兆龙互连科技股份 有限公司（以下简称"公司"）委托，就公司召开 2025 年第三次临时股东大会（以 下简称"本次股东大会"）的有关事宜，根据《中华人民共和国公司法》（以下简 称"《公司法》"）《上市公司股东会规则》等法律、法规、规章和其他规范性文件 以及《浙江兆龙互连科技股份有限公司章程》（以下简称"《公司章程》"）的有关 规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行 了法定职责，遵循了勤勉尽责和诚实信 ...

证券代码：300913 证券简称：兆龙互连 公告编号：2025-074 1 浙江兆龙互连科技股份有限公司（以下简称"公司"）于 2025 年 11 月 14 日召开的 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<公司章程>的议案》，根据修订后的《公司章程》的规定，公司在董事会 中设职工代表董事 1 名，由职工代表大会民主选举产生。 公司于 2025 年 11 月 14 日召开职工代表大会，经与会职工代表讨论并表决 通过，选举姚伟民先生（简历详见附件）为公司第三届董事会职工代表董事。姚 伟民先生将与公司现任第三届董事会非职工代表董事共同组成公司第三届董事 会，任期自本次职工代表大会审议通过之日起至公司第三届董事会任期届满之日 止。 姚伟民先生符合《公司法》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等法律法规、规范性文件以及《公司章程》关 于董事任职的资格和条件，并将按照《公司法》《公司章程》等有关规定行使职 权。本次选举完成后，公司董事会中兼任高级管理人员以及由职工代表担任的董 事人数总计未超过公司董事总数的二分之一，符合相关法律法规及《公司章程》 ...