[stock market changes] Zhongtian Science and Technology once touched the daily limit.

Published: May 11, 2020 11:35 (GMT+8)

SMM5 11: Zhongtian Technology hit the limit today, the stock rose three times a year, as of midday close, closed at 12.62 yuan, up 9.93%.

On May 10th, the consortium of Zhongtian Ocean Engineering, a wholly owned subsidiary of Zhongtian Science and Technology, signed the "EPC General contract for the State Power Investment of Jiangsu Rudong Huan Offshore Wind Farm Project" with Rudong and Fenghai Wind Power Generation Co., Ltd., with a contract amount of 5.98445 billion yuan, with Zhongtian Ocean Engineering accounting for 3.26795 billion yuan. With such as Donghai Xiang Offshore Wind Power Co., Ltd. signed the "State Power Investment Jiangsu Rudong Huan Offshore Wind Farm Project EPC contract", the contract amount is 6.51019 billion yuan, Zhongtian marine project accounted for 3.7937 billion yuan. The total price of the above contract Zhongtian Ocean Project is 7.06165 billion yuan, accounting for 18.21% of the company's audited revenue in 2019, which will have a positive impact on the company's operating performance in 2020 and 2021.

Zhongtian Science and Technology is the only enterprise in the optical communication cable industry to carry out 5G innovation cooperation with China Mobile, China Telecom, China Tower and other operators. Has a fully independent intellectual property rights and wholly owned optical fiber prefabricated bar factory, as well as the industry's first optical fiber intelligent factory; Zhongtian technology products are famous all over the world, Spain Telecom, Deutsche Telekom, France Telecom, Vodafone and other international well-known communications operators preferred Zhongtian Technology.

In 2019, the company realized operating income of 38.7710024 billion yuan, an increase of 14.29% over the same period last year, and the net profit attributable to the owner of the parent company was 1.9693139 billion yuan, down 7.18% from the same period last year. The net profit attributable to shareholders of listed companies after deducting non-recurrent profit and loss was 1.6010792 billion yuan, down 17.04% from the same period last year, or 0.652 yuan per share.

The stock hit the daily limit today and may continue to push higher momentum in the future.

"Click to participate in the second China (Yingtan) Copper Industry Summit Forum and the 15th China International Copper Industry chain Summit"

"these enterprises have signed up! (with part of the list of participants)

To sign up for the summit or apply to enter the SMM industry exchange group, please scan the code:

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Aurubis' 2027 copper cathode long-term contract premium offer hits record high
1 hour ago
Aurubis' 2027 copper cathode long-term contract premium offer hits record high
Read More
Aurubis' 2027 copper cathode long-term contract premium offer hits record high
Aurubis' 2027 copper cathode long-term contract premium offer hits record high
[SMM Global Copper Cathode Flash] According to market sources, Aurubis AG, Europe's largest copper producer, has offered its clients a 2027 copper cathode long-term contract premium of $347/mt, up $32/mt, or 10.16%, from the 2026 long-term contract premium of $315/mt, setting a record high.
1 hour ago
SHFE Copper Warrants Rise by 14,050 mt, Spot Discounts Widen Amid High Backwardation
2 hours ago
SHFE Copper Warrants Rise by 14,050 mt, Spot Discounts Widen Amid High Backwardation
Read More
SHFE Copper Warrants Rise by 14,050 mt, Spot Discounts Widen Amid High Backwardation
SHFE Copper Warrants Rise by 14,050 mt, Spot Discounts Widen Amid High Backwardation
[SMM Copper Flash] According to SHFE copper futures warrant data, warrants increased by 14,050 mt today, mainly in Shanghai, Jiangsu, and Zhejiang, with increases of 7,404 mt, 5,225 mt, and 1,421 mt respectively. Total warrants increased by 14,050 mt, bringing the current total to 23,457 mt. As delivery approaches, delivery cargoes continued to increase, but due to the high backwardation, spot discounts in the market continued to widen.
2 hours ago
Copper Prices Break 110,000, Operating Rate Drops to 11.55%: Peak-Season Stockpiling Falls Through Amid Dual Squeeze from Invoices and High Prices [SMM Analysis]
2 hours ago
Copper Prices Break 110,000, Operating Rate Drops to 11.55%: Peak-Season Stockpiling Falls Through Amid Dual Squeeze from Invoices and High Prices [SMM Analysis]
Read More
Copper Prices Break 110,000, Operating Rate Drops to 11.55%: Peak-Season Stockpiling Falls Through Amid Dual Squeeze from Invoices and High Prices [SMM Analysis]
Copper Prices Break 110,000, Operating Rate Drops to 11.55%: Peak-Season Stockpiling Falls Through Amid Dual Squeeze from Invoices and High Prices [SMM Analysis]
[SMM Analysis: Copper Prices Break 110,000, Operating Rate Falls to 11.55% - Peak-Season Stockpiling Fails Amid Dual Pressure from Invoices and High Prices] In September 2026, the operating rate of secondary copper rod producers was 11.55%, below expectations of 13.06%, down 0.28 percentage points MoM and down 14.23 percentage points YoY. Throughout the month, the most-traded SHFE copper contract broke through the 110,000 yuan/mt mark, with the copper price center shifting notably higher from August and swinging wildly. The average price difference between copper cathode rod and secondary copper rod fluctuated sharply within a range of 766-2,114 yuan/mt. Quotes for secondary copper rod in Jiangxi against copper futures repeatedly switched between a premium of 153 yuan/mt and a discount of 898 yuan/mt. Average gross profit margins fluctuated within a range of 493-1,113 yuan/mt. Paper profits appeared moderate, but actual operating pressure remained high. The month was characterized by high price spread volatility, persistently low operating rates, pulsed transactions, and failed stockpiling efforts.
2 hours ago