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[stock market changes] Zhongtian Science and Technology once touched the daily limit.
May 11,2020 11:35CST
The content below was translated by Tencent automatically for reference.

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.

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