EQUITY: TECHNOLOGY Diversified player in optical and energy sectors Earnings upside likely from AI-driven optical fiber sector with accelerating backlog delivery for marine sector Initiate at Buy with SOTP-based TP of CNY40, implying 31% upside We believe Zhongtian Technology (ZTT) is well-positioned as a comprehensive solution provider in both optical communication and energy sectors. As one of China's leading producers of optical fiber and cables, we expect ZTT to benefit from rising data center demand, e ...