Zhejiang Zhaolong Interconnect Technology (SZ:300913)2022-11-21 15:40Group 1: Company Performance - The company has maintained rapid revenue growth this year, primarily due to rising raw material prices and increased market expansion efforts, with over six categories of data cables, high-speed cables, and specialized cable products experiencing significant growth [3]. - Revenue growth rate has declined in absolute terms quarter by quarter, attributed to high raw material prices leading to reduced customer orders in the third quarter, although current orders are at a normal level [3]. - The overall gross profit margin has decreased by several percentage points compared to previous years, mainly due to significant increases in raw material costs, particularly copper [4]. Group 2: Customer and Market Dynamics - Hikvision is the company's largest customer, accounting for approximately 30% of sales, with stable demand linked to the number of cameras, although its share is decreasing as the company expands its customer base [4]. - The company’s products are sold in over 100 countries, with a focus on expanding into data centers and industrial sectors, which has resulted in stable overseas business growth despite global challenges [5]. - The company is actively developing new channels and maintaining existing ones to enhance market penetration, particularly in the data center and industrial sectors [5]. Group 3: Product Development and Future Outlook - The company is transitioning from cable products to cable components and connection systems, which is expected to enhance customer loyalty and competitive advantage [5]. - The demand for ultra-category 6 and above data communication cables is increasing, driven by advancements in communication technology and the need for higher data transmission speeds [6]. - The company has successfully developed a 10G POE system and high-speed cables capable of 400Gbps transmission rates, with plans for further expansion into various application fields [7].