Zhaolong Interconnection: Company's orders steadily increased in the first half of the year, and the demand for downstream sectors continued to improve.

On July 2, during a institutional research, Zhaolong Interconnection stated that the company's orders in the first half of the year have been steadily increasing as new production capacity is being released, and the demand from various downstream sectors continues to improve. The demand in markets such as high-speed interconnection, 10 Gigabit Ethernet wiring, and industrial applications is relatively strong. At present, core raw material prices such as copper remain high, and factors such as the expansion of new production lines and the hiring of new employees may put some pressure on the company's gross profit margin in the short term. The company will continue to optimize its product structure, with high value-added products having a good gross profit margin. In the future, the company will continue to increase the proportion of revenue from high value-added products such as high-speed interconnection, industrial interconnection, and 10 Gigabit Ethernet wiring, relying on the upgrade of product structure to steadily improve the overall gross profit margin.