Jiangsu Zhongtian Technology Co., Ltd. – Recent Developments
Jiangsu Zhongtian Technology Co., Ltd. (stock code 600522) reported a series of events on 16 October 2025 that are likely to influence its short‑term trading dynamics and medium‑term earnings outlook.
1. Fund Flow in the Communication Sector
On 16 October 2025, the Shanghai Composite Index rose by 0.10 %. Within the industry groups, the communication sector posted a 0.74 % gain, driven by a net inflow of 895 million CNY in institutional funds. The sector comprised 125 listed stocks, 23 of which increased in price while 100 declined.
Among the 43 stocks that attracted net inflows, Jiangsu Zhongtian Technology received a net outflow of 228 million CNY, ranking among the top three outflows in the sector (after Guanghe Tong and Yongding Co.). This outflow contrasts with the overall inflow into the sector, indicating that institutional investors were reallocating capital away from Zhongtian within the broader communication theme.
2. Award of Marine‑Related Projects
In a separate announcement, Zhongtian’s subsidiary companies – Zhongtian Haicai Co., Ltd. and Zhongtian Ocean System Co., Ltd. – secured multiple marine‑energy projects totalling approximately 1.788 billion CNY. The projects include:
Project | Scope | Value | Contribution to 2024 Revenue |
---|---|---|---|
Zhejiang Hai Feng ±500 kV DC sea‑land cable | Design, supply, testing, commissioning, and on‑site support | ~0.5 billion CNY | 3.72 % of annual audited revenue |
Yangjiang Sanshan Island 500 kV sea‑cable supply & installation (Phase II) | Supply and installation of 500 kV subsea cable | ~0.4 billion CNY | |
Bohai 26‑6 Oilfield Development (Phase II) | 35 kV subsea cable supply | ~0.2 billion CNY | |
Hunan University Deep‑Sea Drilling Equipment | Electric‑driven marine winch and subsea cable | ~0.1 billion CNY | |
South China Sea Expansion | Extension subsea cable and deep‑sea injection connectors | ~0.1 billion CNY |
The total project value represents 3.72 % of the company’s audited 2024 revenue, signalling a positive impact on future earnings.
3. ETF Capital Flows
ETF activity in Zhongtian’s shares shows a net outflow of 18.879 million CNY on 13 October 2025 and a cumulative outflow of 23.074 million CNY over the preceding three days. The largest holding ETFs are the Grid Equipment ETF (5.59 % of holdings) and the Grid ETF (5.13 %). While the Grid Equipment ETF has recorded a modest net inflow of 2.6374 million CNY, the Communication ETF has experienced a net outflow of 4.9479 million CNY. The 60‑day cumulative flow has been positive (141.4528 million CNY), indicating long‑term institutional support.
4. Market Context
- Stock Price: As of 14 October 2025, the closing price was 18.32 CNY, with a 52‑week range of 12.10 CNY to 20.23 CNY.
- Valuation: P/E ratio of 21.78.
- Market Capitalisation: 64.57 billion CNY.
The combination of sector‑wide inflows, selective project wins, and ETF capital movements provides a nuanced view of investor sentiment toward Zhongtian. While institutional capital has generally moved away from the stock within the communication theme, the company’s recent marine‑energy contracts offer a counterbalancing positive narrative that could support its earnings trajectory in the upcoming fiscal cycle.