Core Viewpoint - Tongding Interconnection has demonstrated strong recovery and continuous growth in its core business, as evidenced by significant increases in revenue and net profit in the third quarter of 2025 [1][2]. Financial Performance - In Q3 2025, Tongding Interconnection achieved a revenue of 924 million yuan, representing a year-on-year growth of 27.27% [1]. - The net profit attributable to shareholders reached 24.134 million yuan, with a non-recurring profit of 14.485 million yuan, marking a substantial increase of 146.54% compared to the same period last year [1]. - The net cash flow from operating activities for the first three quarters amounted to 157 million yuan, showing a remarkable increase of 142.39% year-on-year [1]. Business Expansion - The company has expanded its safety business significantly, primarily due to the acquisition of controlling interest in Nanjing He Ben Machinery and Electrical Equipment Technology Co., which has been consolidated into its financial statements [1]. - The safety business now includes two main segments: network security and safety systems, with products ranging from high-performance DPI devices to fire detection and alarm systems [2]. Future Outlook - The ongoing development in the safety market and the increasing demand for new energy security are expected to provide growth opportunities for Tongding Interconnection [2]. - The company's ability to leverage its technological research and diverse business layout in the "optical communication + new energy security" sectors is anticipated to drive future growth [2].

Core Viewpoint - The company, Zhaolong Interconnect, is focusing on the optical communication industry, particularly in providing optical connection solutions for high-end clients in sectors like finance, while aiming to expand its market presence and seize opportunities in the optical communication sector [1] Company Summary - Zhaolong Interconnect's current optical products include optical cables, optical fiber jumpers, MPO/MTP pre-terminated connectors, LC optical connectors, and optical distribution frames, primarily used in data center applications [1] - The revenue contribution from high-end clients, such as those in the financial sector, is currently relatively small, indicating potential for growth in this area [1] - The company plans to continue deepening its engagement in the optical communication industry and actively explore market opportunities [1]