Cable is an umbrella term to refer to optical cables and electric cables. Cables are used to control and install, connect devices, and transmit power and electrical signals, supporting various industries and ensuring the operation of the economy.
China is world's largest cable manufacturing country. China's wire and cable industry has two characteristics. First, the overall industry is growing. Second, wires and cables are becoming increasingly important in the electrical and appliances industry. Future development of the wire and cable industry is quite promising.
China's wire and cable industry is highly competitive. By the end of 2015, there had been 3,836 wire and cable manufacturers, increasing by 122 from 3,714 at the end of 2012. In 2016, sales of the cable industry exceeded CNY 1 trillion. Products are concentrated in the mid to low-end markets. Meanwhile, industry concentration rate is low, with small and medium enterprises accounting for 95%. Despite the fragmentation caused by low concentration rate, the industry has been growing rapidly. The development is characterized by fast improvement in production efficiency, acceleration in production upgrading and better product structures.
In the next few years, China's new energy, automobile and VR industry will keep booming, facilitating the development of the cable industry.
In this report hit, CRI analyzes 27 cable component manufacturers listed in A-share market in China.
The report is composed of two parts: the first part is enterprise profiles and the second part is the operation status of these enterprises in the recent decade (presently 2006 to 2016, we will update it to the latest as time goes by).
The operation status is demonstrated from the following perspectives: (1)financial indexes, such as earnings per share, book value per share (BPS), sales per share, net cash flow per share, return on net worth and debt to asset ratio; (2) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (3) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (4) indexes on the balance sheet, such as liquid asset, fixed asset, current liability, non-current liability, capital reserve and shareholders' equity.
(1) Financial Indexes
- Earnings per Share
- Book Value per Share (BPS)
- Sales per Share (SPS)
- Net Cash Flow per Share from Operations
- Net Cash Flow per Share (CNY)
- Return on Net Worth
- Net Profit Margin on Total Assets
- Return on Invested Capital (ROIC) (%)
- Gross Profit Margin on Sales (%)
- Net Profit Margin on Sales (%)
- EBIT Margin (%)
- EBITDA Margin (%)
- Debt to Asset Ratio (%)
- Total Asset Turnover (times)
- Cash/Operating Income Received from Sales of Goods or Services
- YOY Growth Rate of Operating Revenue (%)
- YOY Growth Rate of Operating Profit (%)
- YOY Growth Rate of Net Profit Attributable to Shareholders of Parent Company (%)
(2) Summary of Income Statement
- Gross Revenue (CNY, million)
- Total Operating Costs (CNY, million)
- Revenue (CNY, million)
- Operating Profit (CNY, million)
- Total Profit (CNY, million)
- Net Profit (CNY, million)
- Net Profit Attributable to Shareholders of Parent Company (CNY, million)
- Non-recurring Items (CNY, million)
- Net Profit Deducting Non-recurring Items (CNY, million)
- R&D Costs (CNY, million)
- Earnings Before Interest and Tax (EBIT) (CNY, million)
- Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) (CNY, million)
(3) Summary of Balance Sheet
- Liquid Asset (CNY, million)
- Fixed Asset (CNY, million)
- Long-term Equity Investment
- Total Assets (CNY, million)
- Liquid Liability (CNY, million)
- Non-current Liability (CNY, million)
- Total Liability (CNY, million)
- Capital Reserve (CNY, million)
- Surplus Reserve (CNY, million)
- Undistributed Profit (CNY, million)
- Shareholders' Equity (CNY, million)
- Equity Attributable to Shareholders of Parent Company (CNY, million)
(4) Summary of Cash Flow Statement
- Cash Received from Sales of Goods and Services (CNY, million)
- Cash Flow from Operations (CNY, million)
- Cash Paid to Purchase Fixed Assets, Intangible Assets and Other Long-term Assets (CNY, million)
- Cash Paid for Investments (CNY, million)
- Cash Flow from Investments (CNY, million)
- Cash Received from Investors (CNY, million)
- Cash Received from Borrowings (CNY, million)
- Cash Flow from Financing (CNY, million)
- Net Increase of Cash and Cash Equivalents (CNY, million)
- Cash and Cash Equivalents, End of Period (CNY, million)
- Depreciation and Amortization (CNY, million)
Companies in the report:
1 Nuode Investment Co., Ltd. (600110.SH)
2 Far East Smarter Energy Co., Ltd.(600869.SH)
3 Baosheng Science And Technology Innovation Co., Ltd. (600973.SH)
4 Changshu Fengfan Power Equipment Co., Ltd. (601700.SH)
5 Sichuan Star Cable Co., Ltd. (603333.SH)
6 Ningbo Orient Wires & Cables Co., Ltd. (603606.SH)
7 Hangzhou Cable Co., Ltd. (603618.SH)
8 Infore Environment Technology Group Co., Ltd. (000967.SZ)
9 Shenzhen Hifuture Electric Co., Ltd. (002168.SZ)
10 Guangdong Nanyang Cable Group Holding Co., Ltd. (002212.SZ)
11 Zhejiang Wanma Co., Ltd. (002276.SZ)
12 Fujian Nanping Sun Cable Co., Ltd. (002300.SZ)
13 Shandong Qixing Iron Tower Co., Ltd. (002359.SZ)
14 Shanghai Morn Electric Equipment Co., Ltd. (002451.SZ)
15 Jiangsu Zhongchao Holding Co., Ltd. (002471.SZ)
16 Qingdao Hanhe Cable Co., Ltd. (002498.SZ)
17 Gold Cup Electric Apparatus Co., Ltd. (002533.SZ)
18 Henan Tong-Da Cable Co., Ltd. (002560.SZ)
19 Dalian Insulator Group Co., Ltd. (002606.SZ)
20 Roshow Technology Co., Ltd. (002617.SZ)
21 Recon Wenyuan Cable Co., Ltd. (002692.SZ)
22 Zhejiang Jinlihua Electric Co., Ltd. (300069.SZ)
23 Tianjin Jingwei Electric Wire Co., Ltd. (300120.SZ)
24 Jiangsu Tongguang Electronic Wire And Cable Co., Ltd. (300265.SZ)
25 Motic (Xiamen) Electric Group Co., Ltd. (300341.SZ)
26 Nanjing Quanxin Cable Technology Co., Ltd. (300447.SZ)
27 Shenyu Communication Technology Inc. (300563.SZ)
1 Nuode Investment Co., Ltd. (600110.SH)
2 Far East Smarter Energy Co., Ltd.(600869.SH)
3 Baosheng Science And Technology Innovation Co., Ltd. (600973.SH)
4 Changshu Fengfan Power Equipment Co., Ltd. (601700.SH)
5 Sichuan Star Cable Co., Ltd. (603333.SH)
6 Ningbo Orient Wires & Cables Co., Ltd. (603606.SH)
7 Hangzhou Cable Co., Ltd. (603618.SH)
8 Infore Environment Technology Group Co., Ltd. (000967.SZ)
9 Shenzhen Hifuture Electric Co., Ltd. (002168.SZ)
10 Guangdong Nanyang Cable Group Holding Co., Ltd. (002212.SZ)
11 Zhejiang Wanma Co., Ltd. (002276.SZ)
12 Fujian Nanping Sun Cable Co., Ltd. (002300.SZ)
13 Shandong Qixing Iron Tower Co., Ltd. (002359.SZ)
14 Shanghai Morn Electric Equipment Co., Ltd. (002451.SZ)
15 Jiangsu Zhongchao Holding Co., Ltd. (002471.SZ)
16 Qingdao Hanhe Cable Co., Ltd. (002498.SZ)
17 Gold Cup Electric Apparatus Co., Ltd. (002533.SZ)
18 Henan Tong-Da Cable Co., Ltd. (002560.SZ)
19 Dalian Insulator Group Co., Ltd. (002606.SZ)
20 Roshow Technology Co., Ltd. (002617.SZ)
21 Recon Wenyuan Cable Co., Ltd. (002692.SZ)
22 Zhejiang Jinlihua Electric Co., Ltd. (300069.SZ)
23 Tianjin Jingwei Electric Wire Co., Ltd. (300120.SZ)
24 Jiangsu Tongguang Electronic Wire And Cable Co., Ltd. (300265.SZ)
25 Motic (Xiamen) Electric Group Co., Ltd. (300341.SZ)
26 Nanjing Quanxin Cable Technology Co., Ltd. (300447.SZ)
27 Shenyu Communication Technology Inc. (300563.SZ)
