Zhejiang Zhaolong Interconnect Technology (300913) Zheng Quan Zhi Xing·2025-05-30 12:05Fundraising Plan - The company plans to raise a total of no more than 1,195 million yuan through a targeted stock issuance, with all proceeds allocated to specific projects after deducting issuance costs [1] Investment Projects Thailand Production Base Construction Project - The total investment for this project is 660 million yuan, aimed at establishing a production base in Thailand and acquiring advanced production and testing equipment, which will enhance the production capacity of data cables, specialized cables, optical cables, and connection products [2][3] - This project is a strategic move to expand the company's global business footprint and improve its profitability and risk resistance, particularly in the data cable and connection product sectors [2][4] High-Speed Cable and Connection Products Intelligent Manufacturing Project - This project has a total investment of 431.9995 million yuan, focusing on building new facilities and acquiring advanced equipment to produce high-speed cables and connection products, catering to the growing demand in the digital economy [8][10] - The project aims to optimize the product structure and enhance the company's ability to deliver products at scale, thereby increasing its market competitiveness [10][12] Working Capital Supplement Project - The company intends to use 121.1 million yuan from the fundraising to supplement working capital, addressing the increasing financial needs due to business expansion [15] Market Opportunities - The rapid development of artificial intelligence and digital economy is driving the demand for data centers, with the global data center market expected to reach 341.8 billion USD by 2024, growing at a CAGR of 10.1% [3] - The Internet of Things (IoT) is also accelerating the integration with cloud computing and big data, with the number of global IoT devices projected to increase from 16.6 billion in 2023 to 18.8 billion in 2024 [3] Policy Support - National policies are increasingly supportive of the digital economy, with various initiatives aimed at promoting cloud computing, data centers, and artificial intelligence, providing a favorable environment for the company's projects [12][14] Technical Strength - The company has accumulated 30 years of experience in the data transmission and connection field, with a strong technical foundation and numerous certifications, which supports the successful implementation of its projects [14][16]