Zhejiang Zhaolong Interconnect Technology Co., Limited: history, ownership, mission, how it works & makes money

Zhejiang Zhaolong Interconnect Technology Co., Limited burst onto the national stage in 1993 as a data-cable manufacturer and has since evolved through milestones-adding Gigabit cables in 2000, 10-Gigabit products by 2012, and expanding into high-speed interconnect solutions for 5G, cloud and industrial applications-culminating in a December 2020 IPO that raised 405 million yuan and listed the company as 300913.SZ; today it operates R&D facilities including a CNAS laboratory, provincial technology centers and collaborates with Tsinghua and Zhejiang universities, manufactures across roughly 140,000 square meters with ~1,583 employees, exports to over 100 countries, and posts strong financials-a market capitalization near 17.47 billion yuan (Dec 5, 2025), trailing-twelve-month revenue of 2.01 billion yuan and net income of 201.38 million yuan with EPS of 0.64 yuan, while overseas sales reached 1.134 billion yuan in 2024 (61.93% of revenue) as the company leverages certifications (ISO 9001/14001/OHSAS 18001, UL, ETL) and a diversified product mix-LAN, fiber, specialized industrial and medical cables-to capture growth in smart cities, automation, aerospace and beyond

Zhejiang Zhaolong Interconnect Technology Co., Limited (300913.SZ): Intro

• 1993 - Company established; initial focus on data cables and connectivity products, entry into voice communication market.
• 2000 - Expanded product line to Gigabit network cables (CAT5e, CAT6) as industry moved to higher-speed Ethernet.
• 2012 - Advanced to 10-Gigabit network cable production (CAT6A, CAT7, CAT7A), entering high-speed enterprise and carrier segments.
• December 2020 - Listed on Shenzhen ChiNext Market (stock code: 300913); IPO raised 405 million yuan. IPO-day close: 46.00 yuan/share (≈248% above offering price).
• 2024 - Recognized among the Top 100 Most Competitive Enterprises in China's Cable Industry.
• As of December 2025 - Product portfolio expanded to high-speed interconnect solutions serving 5G, cloud computing, smart cities, industrial automation, medical, and aerospace sectors.

• Publicly listed on Shenzhen ChiNext (300913.SZ); ownership split among institutional investors, retail investors, and company insiders following the IPO.
• Post-IPO capital structure: equity capital increased by funds raised (405 million yuan) used for scaling production and R&D.
• Governance: board and executive management aligned to manufacturing, product engineering, and channel development (typical listed-company governance structure).

• Stated strategic focus on innovation in connectivity and interconnect solutions for next-generation networks and specialized industries.
• Commitment to quality, certification compliance (industry standards for data cabling and high-speed interconnect), and customer customization.
• See detailed corporate mission and values here: Mission Statement, Vision, & Core Values (2026) of Zhejiang Zhaolong Interconnect Technology Co., Limited.

• Product development: in-house R&D for cable materials, shielding, pair twisting, and connectors to meet category ratings (CAT5e→CAT7A and beyond).
• Manufacturing: vertically integrated processes from conductor drawing and insulation extrusion to assembly and testing for attenuation, crosstalk, and return loss.
• Quality & certification: products comply with industry standards for Ethernet categories, and company pursues certifications required by telecom, data center, medical, and aerospace customers.
• Sales & distribution: combinations of OEM contracts, direct sales to system integrators and carriers, distribution through channel partners, and export markets for telecom and enterprise infrastructure.
• Custom solutions: tailored cable assemblies, shielded and armored variants, and application-specific interconnect modules for specialized sectors (medical, aerospace, industrial automation).

• Product sales - primary revenue from standard and high-performance cabling (CAT5e through CAT7A and specialty high-speed interconnect products).
• OEM and contract manufacturing - volume contracts for system vendors, network equipment manufacturers, and infrastructure projects.
• Value-added services - customized cable assemblies, testing, on-site support for deployments, and certification assistance for customers.
• Export sales - international projects in telecom and data center markets diversify geographic revenue.
• Aftermarket and accessories - connectors, patch panels, and cable management components contribute incremental margin.

• Technology laddering - continuous product upgrades from legacy copper categories to higher-performance cabling and interconnects suited for 10G+/40G and specialized applications.
• End-market diversification - moving from traditional enterprise and carrier networks into 5G, data centers, smart cities, and regulated sectors (medical/aerospace) to capture higher-margin opportunities.
• Scale and quality - leveraging production scale, quality certification, and channel partnerships to compete domestically and internationally.

Zhejiang Zhaolong Interconnect Technology Co., Limited (300913.SZ): History

• Listed: Shenzhen ChiNext Market (stock code 300913) - IPO December 2020
• Shares outstanding: ~312.71 million
• Market cap (Dec 5, 2025): ~17.47 billion yuan
• Stock close (Dec 5, 2025): 55.88 yuan; daily change +2.95%
• 52-week range: 27.78 - 69.99 yuan

• Product lines: high-frequency PCBs, connectors, cable assemblies, and integrated interconnect modules sold to telecom, cloud/datacenter, and automotive OEMs.
• Revenue model: product sales (majority), value-added engineering services, and long-term supply contracts with tier-1 customers.
• Margins: driven by premium pricing for high-spec interconnects, scale in manufacturing, and intellectual property on signal integrity designs.
• Growth drivers: 5G expansion, data-center capacity buildouts, EV/ADAS electronics demand, and continued export to international customers.

Zhejiang Zhaolong Interconnect Technology Co., Limited (300913.SZ): Ownership Structure

• Mission: deliver reliable, cutting‑edge connectivity products for global data transmission and control.
• Integrity: ethical business practices and transparent governance.
• Innovation: continuous R&D investment to lead in cable and connector technologies.
• Quality: certified to ISO 9001, ISO 14001 and OHSAS 18001 standards for management, environment and occupational health & safety.
• Sustainability: developing eco‑friendly materials and manufacturing processes to reduce environmental impact.
• Customer‑centricity: tailor products and services to sector-specific needs (data centers, telecom, industrial, energy).

• Share listing: listed on the Shenzhen Stock Exchange (ticker: 300913.SZ) - publicly traded with free float and institutional ownership.
• Major shareholders: typically include founding management, corporate investors and qualified domestic institutional investors (QDII/QFII variations over time). Top shareholders commonly hold controlling single-digit to low-double-digit percentages, with no single shareholder usually exceeding a clear majority.
• Management & board: professional management team with board oversight, audit and nomination committees in line with Shenzhen exchange governance practices.

• Product sales: core revenues from sales of copper and fiber cabling assemblies, connectors, and customized interconnect solutions to OEMs, system integrators and telecom operators.
• Value‑added services: engineering, testing, customization and after‑sales support for enterprise/data center customers.
• New technology premium: higher-margin products (high‑speed optical assemblies, specialized connectors) drive margin improvement as R&D converts to commercial offerings.
• Export and domestic mix: revenues generated from a mix of domestic Chinese customers and growing export channels to APAC, EMEA and North America markets.

• Certifications: ISO 9001 (quality), ISO 14001 (environmental), OHSAS 18001 / ISO 45001 (health & safety).
• Environmental initiatives: material substitution, recyclable packaging, energy efficiency in factories and waste reduction programs.
• Quality controls: in‑house testing labs, third‑party compliance testing and lifecycle reliability programs for critical industries (telecom, data centers, energy).

Zhejiang Zhaolong Interconnect Technology Co., Limited (300913.SZ): Mission and Values

• R&D and testing infrastructure: maintains a nationally accredited CNAS laboratory plus provincial-level technology centers that underpin materials testing, EMC/signal integrity verification, and product reliability evaluation.
• Academic and research collaboration: formal R&D collaborations and joint projects with leading domestic institutions, including Tsinghua University and Zhejiang University, to accelerate signal-integrity research, high-speed connector design, and materials science.
• Manufacturing footprint: production facilities covering approximately 140,000 square meters equipped with automated assembly lines, precision CNC, wire harness automation, and inline quality control systems to manage throughput and consistency.
• Global sales and service network: exports products to over 100 countries and regions and supports international customers through regional sales teams and after-sales engineering, backed by a headcount of roughly 1,583 employees.
• Quality, certification and standards compliance: implements ISO-based quality management and has product approvals and testing from TLC, UL, ETL, and FORCE; products comply with CE and RoHS directives.
• Innovation focus: sustained investment in high-speed interconnects targeted at 5G base stations, data center high-density cabling, AI compute platforms, and next-generation consumer interfaces.

• Product sales: majority revenue from sale of interconnect products (connectors, cable assemblies, board-to-board solutions, high-speed coax and RF assemblies) to OEMs and system integrators across communications, data center, automotive and industrial sectors.
• Customized solutions & contract manufacturing: higher-margin bespoke designs, engineering services, and turnkey cable harness/assembly production for large industrial and telecom customers.
• After-sales and systems integration services: recurring revenue from warranty services, quality assurance contracts, and logistics/support agreements for large accounts.
• Technology licensing & joint development: collaborative R&D projects and licensing agreements stemming from partnerships with universities and institutions (enables co-funded innovation and accelerated commercialization).

• Focus on signal-integrity, high-frequency materials, and miniaturized connector architectures to serve 5G, AI accelerators, and high-bandwidth data center fabrics.
• Continuous equipment upgrades in production lines and testing labs to reduce defect rates, increase assembly yield, and shorten product development cycles.
• Expand global certification coverage and localized testing capabilities to accelerate market entry in regulated regions.

Zhejiang Zhaolong Interconnect Technology Co., Limited (300913.SZ): How It Works

• R&D and product development: in-house engineering teams develop high-speed copper and fiber interconnects and customized cable assemblies for target sectors (5G, cloud, smart cities, factory automation, medical devices).
• Design for manufacturability: product designs optimized for automated production lines to scale unit economics and consistency.
• Manufacturing and quality control: verticalized production of copper LAN cables, patch cords, modules, multi-pair cables, optical cables and fiber patch cords with industry certifications and automated testing.
• Channel and direct sales: global sales network serving carriers, hyperscalers, system integrators, OEMs and industrial customers across >100 countries and regions.
• After-sales and customization: value-added services including bespoke cable assemblies, qualification support for industrial and medical certifications, and lifecycle support for large-scale deployments.

• Product sales-core revenue from design, manufacture and sale of copper and optical connectivity products (LAN cables, patch cords, modules, multi-pair cables, optical cables, fiber patch cords).
• High-speed interconnect solutions-premium pricing and volume from products tailored to 5G communications, cloud computing, data centers and smart-city infrastructure.
• Industrial & medical segments-specialized cable solutions for factory automation, automotive, rail transit, marine, photovoltaic, robotics, heavy machinery and medical equipment, often sold under project contracts or long-term supply agreements.
• Export markets-international distribution channels and OEM partnerships, generating the majority of revenue via cross-border sales.

• Copper interconnects: LAN cables (Cat5e/Cat6/Cat6A/Cat7), patch cords, RJ45 modules, multi-pair industrial cables.
• Optical interconnects: single-mode & multi-mode optical cables, fiber patch cords, MPO/MTP assemblies.
• Specialty & industrial cables: armoured cables, marine-grade, automotive harnesses, photovoltaic & rail transit cables.
• Customized solutions: tailored assemblies for medical devices, robotics and heavy machinery with required certifications.

• Scale and automation: automated production lines reduce per-unit cost and improve gross margins on standard cable lines.
• Product mix premiumization: higher ASPs from high-speed fiber/MPO solutions and project-based industrial/medical contracts.
• Geographic diversification: >60% revenue from export markets reduces single-market concentration risk and captures global 5G/cloud demand.
• R&D-led differentiation: continual investment in high-speed interconnect technologies to maintain competitiveness in data center and telecom segments.

Zhejiang Zhaolong Interconnect Technology Co., Limited (300913.SZ): How It Makes Money

• Core revenue drivers: sales of communication and data-center interconnects, industrial/medical specialty cables, and value-added assembly/engineering services.
• Growth levers: R&D-led product upgrades for 5G, cloud computing and smart-city infrastructure; expansion into medical/industrial verticals.
• Competitive strengths: recognized among China's Top 100 Most Competitive Enterprises in the cable industry; emphasis on quality management and customer-centric solutions.