证券日报网讯1月5日，兆龙互连（300913）在互动平台回答投资者提问时表示，公司高度重视数字化和 人工智能技术带来的发展机遇，公司高速电缆及组件产品可满足数据中心、AI算力中心对高带宽、低 延时的严苛要求。公司也将持续加大在高速互连、光铜混合等产品的研发投入，深化与重要客户的战略 合作。公司将持续关注先进技术发展和行业趋势，积极响应客户需求，把握发展机遇。公司目前经营状 况良好，其中高速业务订单需求较为旺盛，具体经营业绩敬请关注后续在巨潮资讯网上披露的相关公 告。 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 60.39 CNY, based on a PE ratio of 61 times for 2025 [4][2]. Core Views - The company's H1 2025 revenue reached 2.935 billion CNY, a slight increase of 0.47%, while the net profit attributable to the parent company was 87 million CNY, down 77.49% [1]. - The decline in profitability is attributed to several factors, including a decrease in military product orders, rising raw material costs, and increased depreciation [8]. - The company expects a recovery in defense revenue in the second half of the year, driven by improved order fulfillment and cash collection efforts [8]. Financial Summary - Revenue projections for 2025, 2026, and 2027 are adjusted to 6.537 billion CNY, 8.246 billion CNY, and 9.873 billion CNY, respectively, with expected growth rates of 30.1%, 26.1%, and 19.7% [3]. - The forecasted EPS for 2025, 2026, and 2027 are 0.99 CNY, 1.77 CNY, and 2.20 CNY, respectively [2]. - The company's gross margin is expected to decline to 34.3% in 2025, with net profit margins stabilizing at 6.9% [3]. Market Position and Outlook - The company is positioned as a leader in military connectors, with significant market share in aerospace and missile sectors, benefiting from the recovery in defense spending and technological advancements [8]. - The company is also focusing on expanding into emerging markets and new industries, such as commercial aerospace and data centers, which are expected to drive future growth [8].