ZTT

ZTT is a well-known Chinese cable manufacturer, with products covering optical fiber communication, power transmission, new energy, and other fields.

Mid-to-high-end cable and new energy solutions provider

Product categories. Optical fiber and cable · Power cables · New energy products

• 2023

  Related-party guarantee review and equity transfer progress disclosed late, company warned

  In 2023, ZTT and its board secretary were issued a regulatory warning by the Shanghai Stock Exchange for failing to promptly submit a related-party guarantee to the shareholders' meeting for review after the transfer of Zhongtian Guomao, and for untimely disclosure of the equity transfer progress.

  Source

• 2022

  Revenue restated from gross to net basis; multiple financial reports inaccurate, company warned

  In June 2022, ZTT was issued a regulatory warning by the Shanghai Stock Exchange after its high-end communications business lacked sufficient pricing power, requiring retrospective adjustment of revenue recognition and rendering multiple periods of financial disclosure inaccurate; the company and its then finance director were both warned.

  Source

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1. 1Revenue restated from gross to net basis; multiple financial reports inaccurate, company warnedjiemian.com
2. 2Related-party guarantee review and equity transfer progress disclosed late, company warnedjiemian.com