Zhongtian Technology secures 1.788 bn yuan in marine project contracts

Zhongtian Technology's subsidiaries have secured multiple marine series projects, encompassing both marine energy and deep-sea technology. Key wins in marine energy include a ±500kV DC marine-land cable project in Zhejiang, a 500kV marine cable supply and laying project for the Yangjiang Sanshan Island offshore wind farm, and a 35kV submarine cable project for the Bozhong 26-6 oilfield development.

In deep-sea technology, the company will supply an electric-driven marine winch and umbilical cable for a deep-sea drilling rig research project at Hunan University of Science and Technology, as well as extended marine cables and deep-sea injection joint devices for a South China Sea project. These contracts, cumulatively valued at approximately RMB 1.788 billion, are projected to contribute positively to the company's operating performance.

This aggregate project value represents 3.72% of the company's audited operating revenue for 2024. These wins underscore Zhongtian Technology's technical leadership and industry standing in ultra-high voltage AC and DC marine cable projects, further strengthening its position in the marine industry.