Core Viewpoint - Hengtong Optic-Electric has secured contracts for marine energy projects totaling 1.509 billion yuan, enhancing its position in the global marine energy sector [1][2]. Group 1: Project Details - The company has won domestic and international marine energy projects, including offshore wind and oil and gas projects, with a total contract value of 1.509 billion yuan [1]. - Domestic projects include locations such as Guangxi Qinzhou, Zhanjiang, and various offshore wind and oil gas projects, covering services like submarine optical-electrical composite cables and installation [1]. - International projects focus on marine oil and gas in the Middle East, specifically involving submarine composite cables [1]. Group 2: Financial Impact - The recent contracts represent approximately 2.52% of the company's audited revenue for 2024, indicating a positive impact on future operating performance [2]. - Hengtong Optic-Electric reported a revenue of 59.984 billion yuan for 2024, a year-on-year increase of 25.96%, and a net profit of 2.769 billion yuan, up 28.57% [2]. - As of the end of Q1 2025, the company achieved a revenue of 13.268 billion yuan, reflecting a 12.58% year-on-year growth [2]. Group 3: Order Backlog and Strategy - The company has a robust order backlog, with approximately 18 billion yuan in hand for energy interconnection products and 8 billion yuan for marine communication business [2]. - Hengtong Optic-Electric is committed to a global operational strategy, enhancing its marketing network and industry layout across five continents, with 12 overseas industrial bases established [3]. - Recent acquisitions include a leading special optical fiber manufacturer and a major cable solution provider in Indonesia, along with the establishment of a communication industry base in Mexico [3].

Core Viewpoint - Hengtong Optic-Electric has secured significant contracts in the marine energy sector, with a total bid amount of 1.509 billion yuan, reflecting its strong competitive position and technical capabilities in the energy interconnection field [1][2][3]. Group 1: Project Wins and Financial Impact - The company has recently received project award notifications or signed contracts for marine energy projects, with a total bid amount of 1.509 billion yuan, which accounts for 2.52% of its audited revenue for 2024 [2][3]. - As of March 2025, Hengtong Optic-Electric has an order backlog of approximately 18 billion yuan in the energy interconnection sector and about 8 billion yuan in marine communication business [1][3]. - The company expects that the execution of these projects will positively impact its future operating performance and enhance its brand influence in the global marine energy sector [3]. Group 2: Business Growth and Revenue - In 2024, the marine energy and communication business achieved revenue of 5.738 billion yuan, a year-on-year increase of 69.6% [1][6]. - The company has experienced continuous revenue and net profit growth from 2021 to 2024, with revenues of 41.27 billion yuan, 46.46 billion yuan, and 47.62 billion yuan, representing year-on-year growth rates of 27.44%, 12.58%, and 2.49% respectively [5][7]. - In the first quarter of 2025, the company reported revenue of 13.268 billion yuan, a year-on-year increase of 12.58% [7]. Group 3: Financial Health - As of March 2025, the company had cash and cash equivalents of 11.86 billion yuan, with a total debt ratio of 53.03% [1][8]. - The company has a strong repayment capacity, with short-term borrowings of 8.363 billion yuan and long-term borrowings of 2.922 billion yuan, showing a decreasing trend in long-term debt [8].