Jiangsu Zhongtian Technology Co.,Ltd. (600522.SH) has issued a preliminary earnings announcement.
The company forecasts that its net profit attributable to shareholders for the first half of the year will be in the range of 2.352 billion to 2.508 billion yuan, representing a year-on-year increase of 50% to 60%.
During the reporting period, the accelerated implementation of AI computing power and new digital infrastructure, coupled with an improved supply-demand balance in the fiber optic cable industry, has led to a market environment characterized by rising volumes and prices.
This favorable trend has enhanced the profitability of the company's optical communication products segment.
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