Financial Performance - In 2024, the company achieved operating revenue of 1,831.49 million yuan, a year-on-year increase of 17.73% [2] - The net profit attributable to shareholders was 153.02 million yuan, reflecting a year-on-year growth of 55.90% [2] - For Q1 2025, the operating revenue reached 448.13 million yuan, up 21.54% year-on-year [2] - The net profit attributable to shareholders for Q1 2025 was 32.59 million yuan, marking an 85.12% increase year-on-year [2] Growth Drivers - The demand for high-capacity, high-speed, and reliable data transmission is increasing due to the rapid development of emerging technologies such as cloud computing, big data, artificial intelligence, and smart manufacturing [3] - The company plans to enhance product research and innovation to meet market demands and strengthen its competitive position [3] Industry Outlook - The overall performance of the integrated wiring market and related sectors like data centers and cloud computing remains strong [3] - Companies with technological innovation, customer resources, and scale advantages are expected to maintain good profitability [3] - The data center industry shows promising prospects, with ongoing capital expenditures in North America and domestic markets signaling positive growth [3] - The demand for industrial cables and connection technologies is anticipated to increase due to the requirements for low latency and high speed in various applications [3]

Core Insights - Zhaolong Interconnect reported a revenue of 1.831 billion yuan for 2024, a year-on-year increase of 17.73%, and a net profit attributable to shareholders of 153 million yuan, up 55.90% [1] - The company achieved a revenue of 448 million yuan in Q1 2025, reflecting a growth of 21.54%, with a net profit of 33 million yuan, marking an 85.12% increase [1] Financial Performance - For 2024, Zhaolong Interconnect's operating income was 1.831 billion yuan, with a net profit of 153 million yuan and a basic earnings per share of 0.59 yuan [1] - In Q1 2025, the company reported an operating income of 448 million yuan and a net profit of 33 million yuan [1] Product Development and Innovation - The company is focusing on the development of high-speed cables, industrial cables, and connection products, driven by the increasing demand for digital transmission cables due to the growth of artificial intelligence [2] - Zhaolong Interconnect has made significant advancements in new product innovation, including the development of 400G and 800G products, enhancing its technical capabilities in high-speed interconnects [2] Industrial Applications - In the industrial sector, Zhaolong Interconnect has developed flexible, medical, fire-resistant, and armored cables, achieving successful mass delivery of products [3] - The company has received positive market feedback for its 10GigE machine vision components and new generation gigabit vehicle-mounted SPE cables [3] Global Expansion - Zhaolong Interconnect has expanded its product sales to over 100 countries, with overseas sales revenue reaching 1.134 billion yuan in 2024, a 20.42% increase, accounting for 61.93% of total revenue [3] - The company has implemented a multi-brand strategy to enhance brand exposure and market positioning [3] Research and Development - In 2024, Zhaolong Interconnect invested 65.59 million yuan in R&D, a 12.04% increase, and has established partnerships with renowned research institutions for technology development [4] - The company plans to accelerate the expansion of high-speed cable and connection product projects and enhance its delivery capabilities [4]