Zhejiang Zhaolong Interconnect Technology (300913)2024-05-13 09:28Group 1: Company Overview and Developments - Zhejiang Zhaolong Interconnect Technology Co., Ltd. established a subsidiary in Thailand in July 2023, with plans for capital increase by March 2024 [2]. - The company has signed a land purchase agreement in Thailand, planning to invest approximately 400 million Thai Baht for about 100 Rai of land [2]. Group 2: Market Demand and Product Offerings - The demand for high-speed interconnect products is driven by the transformative impact of artificial intelligence, reshaping data center network architectures [3]. - The company currently has stable orders in the high-speed interconnect sector, with ongoing production of high-speed passive copper cables (DAC) supporting transmission rates of up to 400 Gbps and development of 800 Gbps products [3]. Group 3: Financial Performance and Future Outlook - The company is optimistic about its future performance, focusing on expanding its data cable business into gigabit and multi-gigabit wiring systems [3]. - Plans include accelerating domestic smart manufacturing projects and the construction of the Thailand production base to diversify capacity and expand market sales [3].