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 expansion into international markets, particularly benefiting from the depreciation of the RMB [2][3][7]. 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 for the same period 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 cable (AEC) sector for leading international interconnect solution providers, leveraging its technological expertise in high-speed cables [2]. - Its optical products include fiber optic jumpers and 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 of category 6 and above, meeting the new data transmission demands of the 5G era [2]. Group 3: Financial Metrics and Shareholder Information - As of September 30, 2025, the company's overseas revenue accounted for 61.93% of total revenue, benefiting from the depreciation of the RMB [3]. - The average trading cost of the company's shares is 55.14 yuan, with the current stock price near a resistance level of 54.55 yuan, indicating potential for upward movement if this level is surpassed [6]. - The company has a total market capitalization of 18.568 billion yuan, with a trading volume of 403 million yuan and a turnover rate of 2.90% on January 8 [1].

内容概要：高速铜缆是指利用铜作为导体，通过先进的电缆设计、屏蔽技术和连接器工艺，在极短距离 内（通常小于10米，特别是3-5米）实现超高数据速率（如400Gbps、800Gbps甚至1.6Tbps）传输的电缆 组件。随着下一代通信技术如6G的研发和部署，受AI服务器及算力中心对高速率、低迟延传输的需求 不断上升，对通信电缆的传输速率和容量要求将进一步提高，高速通信电缆市场迎来快速扩张。高速铜 缆是目前算力中心机架内及机架间短距离互连的理想解决方案，它成为伴随投资扩张长期增长的板块， 而非短期波动的设备需求。2025年全球高速通信电缆市场规模约为4亿美元，其中，高速铜缆市场规模 1.9亿美元，占高速通信电缆市场的47.50%；预计2026年全球高速通信电缆市场规模有望增长至5.8亿美 元，其中，高速铜缆市场规模约2.7亿美元，约占高速通信电缆市场的46.55%。 上市企业：蘅东光[920045]、兆龙互连[300913]、新亚电子[605277]、香农芯创[300475]、意华股份 [002897]、沃尔核材[002130]、宝胜股份[600973]、华脉科技[603042]、精达股份[600577]、瑞可达 ...

1、根据2025年7月30日互动易：公司凭借在高速电缆领域的技术积累，已成为国际头部互联方案商在有 源电缆（AEC）领域的核心合作伙伴。 2、根据2025年5月29日投资者关系活动记录表：公司光产品涵盖光纤跳线、MPO/MTP预端接、LC光纤 连接器等。目前国内主要服务于金融系统（如银行）、高等院校、医疗、展馆等中高端项目；同时正进 一步拓展海外市场，逐步形成小批量业务阶段。 3、招股说明披露：公司是国内少数有能力设计制造超六类、七类、超七类乃至八类数据电缆的企业， 能够满足 5G 时代新的数据传输需求。 4、2025年2月27日互动易：公司机器视觉产品已经批量运用于多种机器视觉连接系统解决方案，包含 CoaXPress、GigE、10GigE、Camera Link、光跳线等。 5、根据2024年年报，公司海外营收占比为61.93%，受益于人民币贬值。 来源：新浪证券-红岸工作室 12月24日，兆龙互连涨0.47%，成交额4.86亿元，换手率3.41%，总市值174.81亿元。 异动分析 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 铜缆高速连接+光纤概念+5G+机器视觉 ...

来源：新浪证券-红岸工作室 12月19日，兆龙互连跌1.87%，成交额3.13亿元，换手率2.31%，总市值164.20亿元。 异动分析 铜缆高速连接+光纤概念+5G+机器视觉+人民币贬值受益 1、根据2025年7月30日互动易：公司凭借在高速电缆领域的技术积累，已成为国际头部互联方案商在有 源电缆（AEC）领域的核心合作伙伴。 2、根据2025年5月29日投资者关系活动记录表：公司光产品涵盖光纤跳线、MPO/MTP预端接、LC光纤 连接器等。目前国内主要服务于金融系统（如银行）、高等院校、医疗、展馆等中高端项目；同时正进 一步拓展海外市场，逐步形成小批量业务阶段。 3、招股说明披露：公司是国内少数有能力设计制造超六类、七类、超七类乃至八类数据电缆的企业， 能够满足 5G 时代新的数据传输需求。 4、2025年2月27日互动易：公司机器视觉产品已经批量运用于多种机器视觉连接系统解决方案，包含 CoaXPress、GigE、10GigE、Camera Link、光跳线等。 5、根据2024年年报，公司海外营收占比为61.93%，受益于人民币贬值。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不 ...

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 Overview - Zhejiang Zhaolong Interconnect was established on August 21, 1995, and went public on December 7, 2020. The company specializes in the design, manufacturing, and sales of data cables, special cables, and connection products [7] - The revenue composition includes: 43.60% from category 6 and below data communication cables, 20.81% from category 6A and above, 18.04% from special cables, 11.62% from connection products, and 5.94% from other sources [7] - As of September 30, 2025, the company had 38,100 shareholders, an increase of 8.59% from the previous period, with an average of 6,721 circulating shares per shareholder, a decrease of 7.49% [7] Group 2: Financial 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%, 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 3: Market Position and Product Offerings - The company has established itself as a core partner for international leading interconnect solution providers in the active cable (AEC) sector, leveraging its technological expertise in high-speed cable [2] - The optical products offered by the company include fiber optic jumpers, MPO/MTP pre-terminated cables, and LC fiber optic connectors, primarily serving high-end projects in finance, education, healthcare, and exhibitions, 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, 7, and even 8, meeting the new data transmission demands of the 5G era [2] Group 4: Investment and Market Trends - The company benefits from the depreciation of the RMB, with overseas revenue accounting for 61.93% of total revenue as of the 2024 annual report [3] - The stock has seen a recent increase in trading activity, with a turnover rate of 0.90% and a total market capitalization of 15.229 billion yuan [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 market, benefiting from the depreciation of the RMB and expanding its overseas revenue. Group 1: Company Performance - On November 12, Zhaolong Interconnect's stock fell by 2.17%, with a trading volume of 175 million yuan and a market capitalization of 15.229 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 - The company 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] - Zhaolong Interconnect's optical products include fiber jumpers, MPO/MTP pre-terminated connectors, and LC fiber connectors, primarily serving high-end projects in finance, education, healthcare, and exhibitions, 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 up to 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 56.64 yuan, with recent reductions in shareholding but at a slowing rate; the current stock price is between resistance at 51.55 yuan and support at 46.66 yuan, indicating potential for range trading [6] - The company's overseas revenue accounted for 61.93% of total revenue, benefiting from the depreciation of the RMB [3] - The main capital inflow for the stock today was negative at 6.6472 million yuan, with no significant trend in major shareholder movements [4][5]

Core Viewpoint - The company, Zhejiang Zhaolong Interconnect Technology Co., Ltd., is experiencing a decline in stock price and trading volume, while also benefiting from its international partnerships and product offerings in the high-speed cable and optical fiber sectors. Group 1: Company Performance - On September 30, Zhaolong Interconnect's stock fell by 0.93%, with a trading volume of 444 million yuan and a market capitalization of 17.574 billion yuan [1] - For the first half of 2025, the company achieved a revenue of 972 million yuan, representing a year-on-year growth of 14.29%, and a net profit attributable to shareholders of 89.61 million yuan, up 50.30% 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 Product Offerings - Zhaolong Interconnect has established itself as a core partner in the active electrical cable (AEC) sector, leveraging its technological expertise in high-speed cable [2] - The company offers a range of optical products, including fiber jumpers and connectors, primarily serving high-end projects in finance, education, and healthcare, while expanding into overseas markets [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] Group 3: Financial and Investment Insights - The company's overseas revenue accounted for 61.93% of total revenue, benefiting from the depreciation of the RMB [3] - The average trading cost of the stock is 58.37 yuan, with recent reductions in holdings by major investors, indicating a dispersed ownership structure [6][5] - The stock is currently near a support level of 53.50 yuan, with potential implications for future price movements if this level is breached [6]

Core Viewpoint - Credo has reported impressive financial results, with a 274% year-over-year revenue increase to $223.1 million, and adjusted earnings per share of $0.52, significantly exceeding market expectations, leading to a nearly 13% surge in stock price after hours [1][3][5] Financial Performance - Credo's revenue and profit have greatly surpassed Wall Street expectations, with adjusted earnings per share at $0.52 compared to the analyst forecast of $0.36, and revenue reaching $223.1 million, exceeding the consensus estimate of $190.6 million [5] - The company has provided a strong sales guidance midpoint of $235 million for the current quarter, well above the analyst consensus of $201.9 million [6] Growth Drivers - The growth is attributed to deep strategic partnerships with major data center operators, with increasing demand for reliable and efficient connectivity solutions expected to sustain revenue growth and diversification in customers, agreements, and applications [6] - Credo is developing system-level optical connectivity solutions aimed at providing higher reliability and energy efficiency, with significant opportunities anticipated in securing future business from major U.S. data center clients [7] Competitive Advantage - Credo plays a critical role in AI data center high-speed data connectivity, with its active electrical cables (AECs) being a key focus area, holding a dominant market share of 73% in the AEC market [8] - AEC technology, invented by Credo, is essential for connecting AI servers to network switches, offering advantages over traditional optical cables and passive copper cables in terms of reliability and power consumption [8] - Major tech giants like Amazon, Microsoft, and xAI are significant customers, reflecting strong demand driven by their substantial investments in AI infrastructure [8]

Group 1 - The company, Zhaolong Interconnect (300913), has established itself as a core partner for leading international interconnect solution providers in the active electrical cable (AEC) sector due to its technological accumulation in high-speed cable [1]

Group 1 - The company has confirmed that it is a core partner for leading international interconnect solution providers in the active cable (AEC) sector, leveraging its technological expertise in high-speed cable [2] - The inquiry from investors regarding the status of CREDO as an important customer and partner indicates a growing interest in the company's client relationships [2] - The company's response highlights its strategic positioning within the high-speed cable industry, emphasizing its role in the supply chain for advanced interconnect solutions [2]