Centec Communications Signs Hundred-Million-Yuan Order, Raises Related-Party Transaction Estimate

Corporate Action
โดย 公司公告·CN·Read original
Summary · why it matters

Centec Communications recently signed a product sales contract with related party Shenzhen CECport Technologies, with an amount exceeding 50% of the previous fiscal year's audited revenue and surpassing 100 million yuan. The subject is Ethernet switching chips. The contract falls within the expected scope of routine related-party transactions and does not require board or shareholder approval. It is a long-term contract, and revenue will be recognized in stages, with limited impact on 2026 results. If performed smoothly, it will have a positive impact on results in the relevant years. Financial data shows that in fiscal 2025, related-party transactions between Centec Communications and CECport amounted to 370 million yuan, making it one of the company's most important sales channels. In addition, on July 15 the company announced that it had raised the amount of goods to be sold to China Electronics Corporation in 2026 from 600 million yuan to 2.2 billion yuan, an increase of 267%. Centec Communications is a leading domestic Ethernet switching chip design company, with products covering switching capacities from 100 gigabits per second to 25.6 terabits per second. In the first quarter of 2026, revenue was 248 million yuan, up 11.40% year on year, while net profit attributable to the parent company was negative 17 million yuan, a year-on-year loss increase of 12.05%. On August 14, the company's stock closed at 398.60 yuan, with a total market value of 163.4 billion yuan, and has risen more than 181% so far this year.

Impact on stocks 2

Others▲ · 2 stocks
SUZHOU CENTEC COMMUNICATIONS LTD A
688702
▲ PositiveDemandrelevance

Signed a hundred-million-yuan Ethernet switching chip sales contract with related party CECport, exceeding 50% of prior fiscal year revenue.

Theme Impact 1

Off-coverage companies 1

China Electronics Corporation (CEC)Private▲ Positive
Demandrelevance

CEC's subsidiary CECport is a key sales channel, and the increased sales target indicates stronger demand for CEC's ecosystem.

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