Zhongtian Technology wins CNY 1.722bn in marine projects

Jiangsu Zhongtian Technology (SSE:600522) announced that its wholly-owned subsidiary, Zhongtian Technology Submarine Cable Co., Ltd., has won several marine energy project bids totaling approximately CNY 1.722 billion. The wins include the Shenzhen Energy Shanwei Red Bay VI offshore wind farm project involving 500kV subsea cable supply and laying, and the Ningde Xiapu offshore wind farm B project focusing on 220kV and 35kV fiber optic composite cables and accessories, along with power cables. Internationally, the company secured projects in Saudi Arabia, Qatar, the UAE, Brazil, and Vietnam, primarily related to oil and gas and high-voltage power interconnection. The company states that these projects will positively impact its financial performance and reinforce its position in the global marine energy sector.