Sinofibers(SZ:300777) Chang Jiang Shang Bao·2025-06-02 22:34Core Viewpoint - The company Zhongjian Technology (300777.SZ) is planning a significant expansion with an investment of approximately 1.4 billion yuan to build a 2,000 tons/year high-performance carbon fiber production project, aiming to enhance its supply capacity and meet increasing customer demand [1][5]. Group 1: Expansion Plans - The company has approved an investment of about 1.4 billion yuan for the construction of a high-performance carbon fiber project, which will enhance its production capacity and improve its supply chain [1][5]. - The project is expected to reach a 100% production capacity by the seventh year, generating an estimated annual revenue of approximately 1.6 billion yuan and a net profit of 770 million yuan [2][6]. Group 2: Financial Performance - In the first quarter of this year, the company reported a revenue of 239 million yuan, a year-on-year increase of 62.89%, and a net profit of 113 million yuan, up 91.29% [8]. - The operating cash flow for the first quarter was 176 million yuan, reflecting a significant increase of about 6,508.73% year-on-year, indicating strong customer demand and effective cash collection [3][9]. Group 3: Market Position and Competitiveness - The company has developed domestic ZT7 and ZT9 series carbon fiber products that meet international standards, breaking the technological barriers imposed by developed countries [5]. - The company’s financial health is robust, with a debt ratio of only 6.31% and sufficient cash reserves to support the expansion plans [11].