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Chinese cable maker producing power cables, submarine (subsea) cables, optical fiber and offshore-wind cabling.
Chinese cable maker producing power cables, submarine (subsea) cables, optical fiber and offshore-wind cabling.
Wins cable work through bidding: grid operators award power-cable contracts, wind developers award subsea cable supply, and carriers buy fiber, so revenue comes in lumps as projects are won and shipped. The private ZTT Group is the controlling shareholder.
In one line: China's scale-up analogue to Prysmian/Nexans in cables.
Moat: narrow (scale, process know-how, installed base). High-voltage submarine cable manufacturing requires specialized know-how and capital, limiting the competitive set.
Headquarters: Nantong, China · Founded: 1992 · Employees: 17,200
Size Jiangsu Zhongtian Technology (600522.SS) is a China Industrials company (Electrical Products) with a market value of $11.7B, the 212th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥23.15 on 6 Nov 2026.
Performance Over six months the shares fell 30.1%, against -21.1% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 21.8% over the last twelve months (peer median +12.6%); the operating margin is 8.1% (peer median 12.7%).
Valuation It trades at 11.6× forward earnings against a peer median of 18.2× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -0 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.8 points above its cost of capital (8.3% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥63.0B | CN¥52.4B | CN¥48.0B | CN¥45.0B | CN¥40.2B |
| Revenue growth | — | +9% | +7% | +12% | — |
| Gross profit | CN¥11.0B | CN¥7.04B | CN¥6.65B | CN¥7.03B | CN¥7.08B |
| EBITDA | n/a | CN¥4.33B | CN¥4.16B | CN¥4.30B | CN¥4.92B |
| Net income | CN¥4.57B | CN¥2.90B | CN¥2.84B | CN¥3.12B | CN¥3.21B |
| Free cash flow | CN¥4.50B | CN¥3.17B | CN¥2.47B | CN¥2.39B | CN¥2.64B |
| Capital expenditure | CN¥1.93B | CN¥1.62B | CN¥1.70B | CN¥2.22B | CN¥1.96B |
| Total debt | CN¥15.8B | CN¥10.1B | CN¥9.91B | CN¥9.99B | CN¥9.30B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Jiangsu Zhongtian Technology 600522.SS | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% |
| Prysmian PRY.MI | $33.9B | -35% | +17% | 8% | 20.2× | 13.1% |
| Nexans NEX.PA | $6.06B | -26% | -13% | 6% | 17.2× | 5.6% |
| Nkt A/s NKT.CO | $6.73B | -15% | +2% | 7% | 26.4× | n/a |
| Hengtong Optic-Electric 600487.SS | $14.9B | -38% | +21% | 9% | 11.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600522.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -24.1% | -14.6% | 8th lowest of 21 |
| 6-month return | -30.1% | -21.1% | 8th lowest of 20 |
| Distance from 52-week high | -66.0% | -35.9% | 5th lowest of 21 |
| Revenue growth (TTM) | +21.8% | +12.6% | 8th highest of 20 |
| Operating margin | 8.1% | 12.7% | 5th lowest of 20 |
| Forward P/E | 11.6× | 18.2× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 4.1% | 8.4% | 6th least demanding of 16 |
| Growth delivered (Del g) | +4.5% | +11.8% | 2nd lowest of 15 |
| Hurdle (Req g minus delivered) | -0.4 pp | -1.4 pp | 7th most demanding of 15 |
| ROIC minus cost of capital | +3.8 pp | +8.4 pp | 8th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Zhongtian Technology 600522.SS | China | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% | +4.5% |
| Nidec 6594.T | Japan | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% | +10.9% |
| Nordex NDX1.DE | Germany | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% | +10.2% |
| Regal Rexnord RRX | United States | $11.3B | -21% | +5% | 12% | 14.0× | 14.0% | +15.3% |
| Shanghai Electric 2727.HK | Hong Kong | $12.2B | -40% | +22% | n/a | 21.7× | -2.8% | -2.3% |
| Kingboard Laminates 1888.HK | Hong Kong | $12.2B | -26% | +32% | 21% | 10.8× | n/a | n/a |
| GE Vernova T&D India GVT&D.NS | India | $10.9B | -16% | +41% | 26% | 62.7× | 45.7% | +12.4% |
| Polycab India POLYCAB.NS | India | $12.5B | -13% | +41% | 13% | 33.8× | n/a | n/a |
| Hyosung Heavy 298040.KS | South Korea | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% | +14.9% |
| Ls Electric 010120.KS | South Korea | $12.8B | -58% | +32% | 10% | 31.6× | 21.9% | +15.6% |
| Dongfang Electric 600875.SS | China | $12.9B | -42% | +2% | 5% | 16.1× | n/a | n/a |
| Siemens Energy India ENRIN.NS | India | $10.6B | -11% | n/a | 20% | 60.1× | 27.3% | n/a |
| CG Power & Industrial Solutions CGPOWER.NS | India | $12.9B | -10% | +24% | 12% | 72.3× | n/a | n/a |
| Generac GNRC | United States | $10.4B | -34% | +6% | 13% | 14.6× | 20.1% | +11.1% |
| Goneo Group Co., Ltd.Class A 603195.SS | China | $10.4B | -15% | -2% | 25% | 17.4× | -2.1% | +9.8% |
| Innio INIO | United States | $10.3B | n/a | +22% | 13% | 17.5× | 6.5% | +22.1% |
| China Shipbuilding Industry Group Power 600482.SS | China | $10.3B | -21% | +13% | 7% | 23.4× | -19.6% | +16.5% |
| Siemens SIEMENS.NS | India | $13.4B | -8% | -12% | 9% | 72.7× | n/a | n/a |
| Hd Hyundai Electric 267260.KS | South Korea | $9.71B | -71% | +21% | 25% | 15.0× | 0.7% | +17.6% |
| Fuji Electric 6504.T | Japan | $9.68B | -18% | +9% | 12% | 13.1× | 11.3% | +7.0% |
| Acuity AYI | United States | $9.59B | +10% | +7% | 16% | 15.1× | 6.6% | +6.0% |