Core Viewpoint - The company, Zhejiang Zhaolong Interconnect Technology Co., Ltd., is experiencing fluctuations in stock performance and is positioned as a key player in the high-speed cable and optical fiber sectors, benefiting from the depreciation of the RMB and expanding its overseas market presence. 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] 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] Market Position and Trends - The company is recognized as one of the few in China capable of designing and manufacturing data cables of category 6, 7, and beyond, meeting the new data transmission demands of the 5G era [2] - The company’s optical products include fiber jumpers, MPO/MTP pre-terminated connectors, and LC fiber connectors, primarily serving high-end projects in finance, education, healthcare, and exhibitions, while also expanding into overseas markets [2] - The company’s machine vision products are already in mass production for various machine vision connection system solutions [2] Stock Performance and Trading Activity - On November 14, the stock price of Zhaolong Interconnect fell by 2.33%, with a trading volume of 119 million yuan and a turnover rate of 0.95%, bringing the total market capitalization to 15.173 billion yuan [1] - The average trading cost of the stock is 56.48 yuan, with recent trading showing a decrease in holdings but at a slowing rate. The current stock price is between resistance at 51.55 yuan and support at 46.66 yuan, indicating potential for range trading [6]

（文章来源：证券日报） 证券日报网讯兆龙互连11月13日发布公告，在公司回答调研者提问时表示，公司始终紧跟行业发展趋势 和客户需求，持续推进技术迭代与产品升级，不断提升自主研发实力，以稳固行业技术先进水平。公司 单通道224G高速铜缆及连接产品进展顺利，也在进一步优化中；同时，公司正在推进单通道448G高速 产品的研发工作。此外，公司正积极推进400G、800G AEC连接产品与国内客户的验证工作。 ...

Core Viewpoint - The company aims to enhance its profitability by innovating products and technologies, expanding into domestic and international mid-to-high-end markets, and integrating into high-end industrial chains [1] Group 1 - The company plans to continue product and technology innovation [1] - The company is focused on expanding its presence in mid-to-high-end markets both domestically and internationally [1] - The company intends to optimize its product structure to improve profitability [1]

Core Viewpoint - The company, Zhaolong Interconnect (300913), is closely monitoring fluctuations in copper prices and adjusting its pricing strategy for data cable products accordingly, indicating a proactive approach to cost management and risk mitigation [1] Group 1: Pricing Strategy - The company will adjust the pricing of its data cable products based on changes in copper prices, which are a major raw material [1] - For high-speed products, the copper content is relatively low, and pricing will consider technical added value and raw material price changes [1] Group 2: Risk Management - The company plans to reasonably adjust its procurement strategy, including bulk purchasing, to control costs and mitigate risks associated with raw material price fluctuations [1] - Overall, the impact of rising copper prices on the company's profitability is expected to be minimal [1]

证券日报网讯兆龙互连（300913）11月13日发布公告，在公司回答调研者提问时表示，公司在汽车领域 的布局稳步推进。2025年6月，公司与奥地利汽车线束研发制造企业格里勒共同成立合资公司，同时成 为格里勒在亚太地区汽车数据电缆的独家合作方。目前，相关汽车线缆的认证、导入等前期工作正有序 开展，预计明年汽车领域客户将会进行审厂，汽车线缆有望在2026年起量。 ...

证券日报网讯兆龙互连（300913）11月13日发布公告，在公司回答调研者提问时表示，受益于全球数据 中心、人工智能等下游应用的快速增长，公司依托在高速互连领域的技术积累与产品优势，高速业务经 营业绩实现显著增长。同时紧密围绕行业发展、客户需求等情况，公司正稳步推进产能扩充工作，国内 生产场地储备充裕，通过持续采购新设备、扩招生产运营、技术研发、品质管控等专业人员强化产能支 撑。随着新采购的高速产品生产线陆续完成交付与调试，产能正在快速提升中，能够充分保障当前订单 交付及满足未来的市场需求。 ...

Core Viewpoint - Zhaolong Interconnect (300913) announced that by Q3 2025, approximately 50% of its revenue structure will come from 6A and above data cables and wiring products that support 10G data transmission, along with specialized cables and connection products [1] Group 1 - The company is focusing on developing high-value-added products with higher transmission rates and broader application scenarios, in line with the ongoing digitalization and intelligent industry trends [1] - Continuous technological breakthroughs and product iterations are expected to lead to sustained improvements in the company's profit margins [1] Group 2 - Future revenue growth drivers for the company will include optical-copper wiring products for data centers, automotive data cables, and high-speed internal and external connection products [1]

南财智讯11月13日电，兆龙互连在投资者关系活动中表示，公司与奥地利汽车线束企业格里勒于2025年 6月共同成立合资公司，并成为其在亚太地区汽车数据电缆的独家合作方。目前相关汽车线缆的认证、 导入等前期工作有序开展，预计明年客户将进行审厂，汽车线缆产品有望自2026年起实现批量出货。 ...

Core Insights - The company is actively following industry trends and customer demands, focusing on technology iteration and product upgrades [1] Group 1: Product Development - The progress of single-channel 224G high-speed copper cables and connection products is proceeding smoothly and is continuously being optimized [1] - The company is advancing the research and development of single-channel 448G high-speed products [1] Group 2: Market Positioning - The company is actively promoting the validation of 400G and 800GAEC connection products with domestic customers to solidify its technological leadership in the high-speed interconnection field [1]

证券代码：300913 证券简称：兆龙互连 浙江兆龙互连科技股份有限公司 投资者关系活动记录表 编号：2025-004 2 | 附件清单（如有） | 无 | | | | | | --- | --- | --- | --- | --- | --- | | 日期 | 2025 | 年 | 11 | 月 12 | 日 | 3 | | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | 现场参观 □其他 | | | 华泰证券：唐攀尧 | | 参会人员 | 招商证券：李哲瀚 陈云鹏 | | | 民生加银基金：郭丰睿 | | 时间 | 2025 年 11 月 12 日 14:00-16:00 | | 地点 | 现场会议 | | 上市公司接待人 | 副总经理兼董事会秘书姚云萍女士、证券事务代表沈圆月女士 | | 员姓名 | | | | 1、公司产品线的收入结构和增长预期如何？ | | | 答：公司 2025 年三季度收入结构中支持万兆数据传输的 6A | | | 及以上数据线缆及布线产品、专用电缆和连接产品 ...