Jiangsu Zhongtian Technology (600522) Q3 2025 earnings summary

Executive summary

• Achieved revenue of ¥14.37 billion in Q3 2025, up 11.42% year-over-year; YTD revenue reached ¥37.97 billion, up 10.65% year-over-year.

• Net profit attributable to shareholders was ¥770.69 million in Q3, down 9.42% year-over-year; YTD net profit was ¥2.34 billion, up 1.19% year-over-year.

• Major technological milestone: successful pilot of hollow-core fiber in data center interconnects, marking a key step from R&D to application.

• Energy interconnection segment held orders worth ¥31.8 billion as of October 24, 2025.

Financial highlights

• Operating cash flow in Q3 nearly doubled year-over-year to ¥2.27 billion, driven by increased cash from sales and services.

• Basic EPS for Q3 was ¥0.229, down 8.4% year-over-year; YTD basic EPS was ¥0.691, up 1.62% year-over-year.

• Gross margin and operating profit margin not explicitly stated, but operating costs and expenses increased in line with revenue.

• Non-recurring gains YTD totaled ¥195.81 million, mainly from government grants and financial asset disposals.

Outlook and guidance

• Hollow-core fiber technology expected to support future growth in AI data center and green network infrastructure.

• Strong order backlog in energy interconnection, especially in marine, grid, and new energy sectors.