Research Reports on Exploration丨Debon Securities: Jiangsu Zhongtian Technology is a leading company in optical communication and submarine cable fields, initially rated as "Buy".

Gelonghui Finance · Dec 25 15:15

According to a Research Report by Debang Securities, Jiangsu Zhongtian Technology (600522.SH) has been deeply engaged in the optical fiber communication field for over thirty years, focusing on two main businesses: energy and communications. The company has a deep layout in the Marine Economy, New Energy, Smart Grids, Information Communication, and Industrial Internet sectors. Among them, the submarine cable business is a key focus for the company's future growth. After the installation rush in 2021 ended, the revenue share of the company's marine business has continuously declined, accounted for 20.4%, 18.2%, and 8.3% in 2021-2023 respectively. It is expected that with the acceleration of domestic offshore wind construction towards the end of the 14th Five-Year Plan, the company's marine sector is likely to experience rapid growth. As a leading enterprise in the optical communication and submarine cable fields, the company is expected to see sustained growth alongside the acceleration of offshore wind construction and the development of the optical communication industry. The company's PE is lower than the average level of comparable companies. This is the initial coverage, with a 'Buy' investment rating.

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研报掘金丨德邦证券：中天科技为光通信和海缆领域头部企业，首予“买入”评级，

Research Reports on Exploration丨Debon Securities: Jiangsu Zhongtian Technology is a leading company in optical communication and submarine cable fields, initially rated as "Buy".

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