ZTT (Stock Code: 600522) has announced that its net profit in the first three quarters is expected to grow 60% to 80%.
ZTT’s performance growing, the first main reason is the rapid development of optical communication industry chain. On the one hand, the strengthened production capacity of optical fiber preform has lowered the industry chain cost; On the another hand, the increasing demands of the optical fiber & cable market promote the gross profit of the optical communication industry chain.
Secondly, as the extra high-voltage(EHV) projects has been fast promoted in the market, the demands of ZTT products like special conductors, fittings are increased. The products structure of the power industry chain has optimized and the net profits also increased.
Thirdly, ZTT solar has made great progress in solar PV station, solar back-sheet materials and lithium batteries. These products especially the solar PV station have improved the profitability of the new energy industry chain.
With decades of experience and a strong positioning in high-tech market segments, ZTT is more active in the development, design, production, supply and installation of wide application ranges in telecom, power, new energy, and oil & gas.
