Zhejiang Zhaolong Interconnect Technology (300913)2023-05-08 10:17Group 1: Company Overview and Financial Performance - Zhejiang Zhaolong Interconnect Technology Co., Ltd. reported a significant increase in gross margin for specialized cables and connection products, attributed to the launch of high-margin projects in 2022 [2] - The company's export business grew by 23.99% in 2022, accounting for 61.78% of total revenue [2] - The first quarter of 2023 saw a decline in performance due to macroeconomic downturns, industry cycles, and inventory reduction measures from key clients [2] Group 2: Product Development and Market Strategy - The company is focusing on expanding its overseas market for 6A and above data cables, high-speed cables, and industrial cable components [3] - A production base in Thailand is being prepared to enhance market penetration in Europe, America, and Southeast Asia [3] - The company has won a centralized procurement project for data cables from China Mobile, with ongoing bulk deliveries [3] Group 3: Research and Development Focus - In 2023, the company emphasizes R&D investments in high-density wiring, compatibility of connection ports, and resistance to complex electromagnetic environments [5] - New products such as "QSFP112 external high-speed cable components" and "dual-insulation structure 40GHz parallel high-speed transmission lines" have passed provincial new product identification [5] - The company aims to develop high-performance comprehensive wiring solutions to meet the demands of various industries [5] Group 4: Market Trends and Future Outlook - The market for 6A and above data cables is expected to grow significantly, driven by the rapid development of 10G Ethernet and increasing demand in smart factories and homes [4] - The company maintains a stable order situation, with ongoing production and delivery of various orders [5] - Both existing major clients and the acquisition of new clients are contributing to revenue growth in 2023 [4]