Jiangsu Zhongtian Technology (600522) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 13.14 billion, up 34.71% year-over-year, driven by strong growth in submarine cable, energy storage, and copper product businesses.

• Net profit attributable to shareholders was RMB 918.95 million, a 46.42% increase year-over-year, with notable profit growth in optical fiber and submarine cable products.

• Benefiting from global AI infrastructure and digitalization trends, demand for high-performance optical fiber and cable surged, with significant price increases and successful delivery of high-end submarine cable projects.

Financial highlights

• Operating income: RMB 13.14 billion, up 34.71% year-over-year.

• Net profit attributable to shareholders: RMB 918.95 million, up 46.42% year-over-year.

• Basic EPS: RMB 0.272, up 47.03% year-over-year.

• Gross margin improved due to higher sales prices and product mix in optical fiber and submarine cables.

• Total assets at quarter-end: RMB 63.38 billion, up 2.04% from year-end 2025.

Outlook and guidance

• Continued growth expected in high-performance optical fiber and submarine cable segments, supported by global digital infrastructure expansion.