With China’s accelerated investment in new energy and other investments, the wire and cable industry as a whole is thriving. Recently listed companies 2023 interim report preview intensively released, the overall view, driven by the end of the epidemic, raw material prices, such as a variety of factors, the plate profitability is encouraging, but there are some companies in the first half of the market is dismal.
From the policy end and the industry’s own characteristics, wire and cable market fundamentals show optimistic, positive development trend, cable companies in the first half of the earnings forecast can also illustrate this point, it is expected that by 2027, China’s wire and cable industry on the enterprise sales revenue of nearly 1.6 trillion yuan.
From the industry’s own characteristics, the cable industry’s leading companies through mergers and acquisitions and other ways to expand the scale of the industry, to a certain extent, to promote the structural adjustment of the industry. With the escalation of competition within the industry, market concentration will be further increased in the future. With the rapid rise of new energy, high-end equipment manufacturing and other fields, customers in various industries on the cable performance, quality requirements continue to improve, the increasing demand for ultra-high voltage, ultra-high voltage power cables and high-end special cables, the future of the cable industry will accelerate the process of high-end intelligence. And downstream industries on the wire and cable supporting industries to put forward newer, higher requirements, the industry’s leading companies will increase investment in R&D, improve the R&D system, thereby promoting the overall technical level of the industry.
Post time: Aug-30-2023