Core Viewpoint - Zhaolong Interconnect (300913) has confirmed that its optical module products are primarily used in high-speed data center scenarios [1] Group 1 - The company responded to investor inquiries on its interactive platform regarding its optical module products [1] - The company encourages stakeholders to refer to its official website and disclosed information for further details [1]

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 markets, benefiting from the depreciation of the RMB and expanding its overseas market presence. Group 1: Company Performance - On February 13, Zhaolong Interconnect's stock fell by 2.39%, with a trading volume of 336 million yuan and a market capitalization of 18.514 billion yuan [1] - 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 2: Market Position and Products - Zhaolong Interconnect 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 cables [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, and healthcare, 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, 6A, and even Category 8, meeting the new data transmission demands of the 5G era [2] Group 3: Financial and Technical Analysis - The average trading cost of the company's shares is 54.64 yuan, with the stock price currently near a support level of 52.99 yuan, indicating potential for a rebound if this support holds [6] - The company’s overseas revenue accounted for 61.93% of total revenue, benefiting from the depreciation of the RMB [3] - The stock has seen a net outflow of 29.7443 million yuan from major investors today, with a total of 46.82 billion yuan net outflow in the industry, indicating a lack of clear trend among major investors [4][5]

Group 1: Company Performance - The company has released a profit forecast for 2025, expecting a net profit attributable to shareholders between 215 million and 238 million yuan, representing a year-on-year growth of 40.51% to 55.54% [2] - The non-recurring net profit is anticipated to grow by 90.93% to 111.84%, driven by the increasing demand for computing power due to advancements in global digitalization and artificial intelligence [2] Group 2: Industry Policy and Environment - The rapid development of emerging technologies such as 5G communication, cloud computing, and artificial intelligence is leading to a continuous increase in data transmission demand, thereby expanding the market capacity of the digital communication cable industry [3] - Reports indicate that leading manufacturers of photovoltaic battery components are likely to accelerate the replacement of metal pastes amid rising silver prices, which supports high-performance data transmission products [3] Group 3: Market Dynamics - Recently, the company's stock price has broken through short-term moving averages, with technical indicators showing enhanced short-term momentum [4] - There has been a net inflow of main funds, providing support to the company's stock price, which reflects market expectations regarding its growth potential [4]

Core Viewpoint - Wolong Materials is set to launch its global offering on February 5, with a maximum issue price of HKD 20.09 per share, raising approximately HKD 2.81 billion. The company is a leading AI high-speed copper cable supplier, leveraging its technological advantages to position itself within Nvidia's top supply chain. However, it faces challenges such as limited discount levels, lack of a greenshoe option, low cornerstone subscription ratios, and pressures from the AI industry's technological iterations and high raw material costs [1][2][10]. Group 1: IPO Details - The maximum issue price of HKD 20.09 per share represents a discount of approximately 37.1% compared to the A-share closing price of CNY 28.41 on February 10 [1]. - The offering includes 140 million shares, with a total issuance scale of about HKD 2.81 billion [1]. - The cornerstone investment attracted 16 investors, totaling USD 124 million, which is 34.5% of the issuance scale, indicating a relatively low cornerstone subscription ratio compared to other recent A to H projects [2][4]. Group 2: Market Position and Financial Performance - Wolong Materials ranks third among the top five manufacturers of high-speed copper cables, with a revenue of CNY 1.7 billion and a market share of 12.7% in 2024 [5][6]. - The company has shown steady revenue and profit growth, with projected net profit for 2025 expected to be between CNY 1.1 billion and CNY 1.18 billion, reflecting a year-on-year growth of 29.79% to 39.22% [4][10]. Group 3: Strategic Partnerships and Challenges - The collaboration with Amphenol has deepened, becoming a crucial link in entering Nvidia's AI supply chain, with revenue from Amphenol increasing significantly from CNY 1.38 million in 2022 to CNY 5.9 million in 2025 [7]. - The company faces raw material cost pressures, with copper prices rising significantly from CNY 59,200 per ton in 2022 to CNY 89,200 per ton in 2025, impacting profitability [9]. - The AI industry's technological iterations pose risks, as Nvidia's new server platform may reduce demand for traditional copper cables, leading to market concerns about Wolong's future demand [10].

关于完成工商变更登记的公告 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。 浙江兆龙互连科技股份有限公司（以下简称"公司"）分别于 2026 年 1 月 14 日、2026 年 1 月 30 日召开了第三届董事会第十五次会议及 2026 年第一次临 时股东会，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》。 具体内容详见公司在巨潮资讯网（http://www.cninfo.com.cn）上披露的相关公告。 近日，公司已办理完成了工商变更登记及《公司章程》备案手续，并取得了 浙江省市场监督管理局换发的《营业执照》，具体登记信息如下： 证券代码：300913 证券简称：兆龙互连 公告编号：2026-013 浙江兆龙互连科技股份有限公司 成立日期：1995 年 08 月 21 日 住所：浙江省德清县新市镇士林工业区 经营范围：一般项目：新材料技术研发；物联网技术研发；信息系统集成服 务；电线、电缆经营；电子元器件制造；电子元器件零售；机械电气设备制造； 通信设备制造；光通信设备制造；光通信设备销售；光电子器件制造；光电子器 件销售；光缆制造；光缆销售；光 ...

Group 1 - The construction of the national computing power interconnection node system will further drive the development of national hub nodes and data center clusters [1] - The company's core products include gigabit and 10-gigabit cabling systems, mid-to-high-end optical cabling systems for data centers, high-speed industrial cables, and connection products, which are essential for information infrastructure [1] - The promotion of relevant policies is expected to bring incremental market opportunities for the industry [1] Group 2 - The company will actively seize industry development opportunities and continuously strengthen its core technological advantages [1] - The company aims to enhance market expansion and deepen its business, exploring more product application scenarios [1]

Group 1 - The core viewpoint of the news is that Zhaolong Interconnect has seen a stock price increase of 5.19%, reaching 52.68 CNY per share, with a trading volume of 191 million CNY and a turnover rate of 1.44%, resulting in a total market capitalization of 18.058 billion CNY [1] - Zhaolong Interconnect Technology Co., Ltd. is located in Huzhou, Zhejiang Province, and was established on August 21, 1995. The company was listed on December 7, 2020, and its main business involves the design, manufacturing, and sales of data cables, special cables, and connection products [1] - The revenue composition of Zhaolong Interconnect includes: 43.60% from data communication cables of 6 categories and below, 20.81% from data communication cables of 6A and above, 18.04% from special cables, 11.62% from connection products, and 5.94% from other sources [1] Group 2 - Among the top ten circulating shareholders of Zhaolong Interconnect, a fund under Southern Fund holds a position. The Southern CSI 1000 ETF (512100) increased its holdings by 3,200 shares in the third quarter, now holding 854,000 shares, which accounts for 0.33% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 78.996 billion CNY. It has achieved a return of 6% this year, ranking 1533 out of 5579 in its category, and a return of 35.04% over the past year, ranking 1803 out of 4289 [2] - The fund manager of Southern CSI 1000 ETF (512100) is Cui Lei, who has a cumulative tenure of 7 years and 96 days, managing total fund assets of 137.02 billion CNY, with the best fund return during the tenure being 279.97% and the worst being -15.93% [2]

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 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% [7] - The net profit attributable to the parent company was 138 million yuan, showing a significant 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] Group 2: Market Position and Products - The company has established itself as a core partner in the active electrical cable (AEC) sector for leading international interconnect solution providers [2] - It is one of the few domestic companies capable of designing and manufacturing data cables of categories 6, 7, and 8, meeting the new data transmission demands of the 5G era [2] - The company's optical products include fiber jumpers and connectors, primarily serving high-end projects in finance, education, and healthcare, while also expanding into overseas markets [2] Group 3: Financial Metrics and Shareholder Information - As of September 30, 2025, the company's overseas revenue accounted for 61.93%, benefiting from the depreciation of the RMB [3] - The average trading cost of the stock is 54.79 yuan, with recent trading showing a decrease in holdings but at a slowing rate [6] - The company has a total market capitalization of 17.166 billion yuan, with a trading volume of 142 million yuan and a turnover rate of 1.10% [1]

Core Viewpoint - The company, Zhaolong Interconnect, reported a strong demand for its high-speed business orders, indicating a positive operational status [2] Company Summary - Zhaolong Interconnect is currently experiencing good operational conditions, with a notable increase in demand for high-speed business orders [2]

Group 1 - The company, Zhaolong Interconnect, responded to investor inquiries on February 5, indicating that details about its customer situation can be found in the periodic reports and related disclosures [2]