中天科技拟斥资约5.74亿元在海外设立公司

Core Viewpoint - Zhongtian Technology is expanding its global strategy by establishing a wholly-owned subsidiary in Saudi Arabia to enhance its marine and power business localization efforts [2][3] Group 1: Company Overview - Zhongtian Technology and its subsidiaries are engaged in the production and sales of products in telecommunications, power, marine, and new energy sectors, as well as marine engineering construction activities [2] - The company has established 13 overseas marketing centers and 40 overseas offices, with five overseas factories located in India, Brazil, Indonesia, Morocco, and Turkey, exporting to over 160 countries and regions [2] - In 2024, the company's overseas market revenue reached 7.328 billion yuan, with a gross margin of 20.14%, an increase of 2.67 percentage points compared to 2023 [2] Group 2: Investment Details - The new subsidiary in Saudi Arabia, tentatively named ECO MARINER COMPANY, will focus on the production and sales of submarine cables, OPGW, and land cables, as well as a marine cable operation and maintenance service center [3] - The total investment for this project is $80 million, approximately 574 million yuan, funded entirely by the company [3] - This investment aims to enhance the local production capabilities and smart delivery networks, contributing to the intelligent upgrade of the energy internet in the Middle East [3] Group 3: Strategic Implications - The investment aligns with Saudi Arabia's Vision 2030, which is driving comprehensive transformation and upgrades in technology and infrastructure [3] - The company aims to optimize its global sales and service system, enhancing its strategic value in the global energy transition process [3] - Experts suggest that this move will help the company to form synergies with other Chinese enterprises in the Saudi market, enhancing its global strategic layout [3]