No Data
There are abundant Orders on hand. Ningbo Orient Wires & Cables invests 2 billion yuan to expand production | Quick reading of the announcement.
① The backlog of orders is abundant, and Ningbo Orient Wires & Cables plans to invest 2 billion yuan in three phases to construct a deep-sea transmission equipment project; ② Industry insiders say that in the wind power Industry Chain, the submarine cable segment, especially for high voltage submarine cable products, has a good competitive landscape, and a few companies, including Ningbo Orient Wires & Cables, monopolize the market.
Ningbo Orient Wires & Cables (603606.SH): plans to invest approximately 2 billion yuan in a deep-sea power transmission equipment project.
On January 10, Gelonghui reported that Ningbo Orient Wires & Cables (603606.SH) announced plans to accelerate innovation and leadership in marine technology by signing an "Investment Agreement" with the management committee of Iron Mountain Port (Linhai) Industrial Zone in Beihai, Guangxi. The cooperation intention focuses on the company's investment in a deep-sea transmission equipment project in the Iron Mountain Port (Linhai) Industrial Zone. The total planned investment for this project is approximately 2 billion yuan, with the fixed asset investment amounting to about 0.7 billion yuan (the final investment amount will be determined by subsequent project feasibility studies and actual inputs), and it will be constructed in three phases. This investment in the deep-sea transmission equipment project aligns with the company's strategy.
GF SEC: The restrictions on offshore wind have been lifted + high bidding, the wind power Industry may see a bottom reversal and valuation switch in 2025.
Since Q3 of 2024, the constraints on offshore wind have gradually been lifted, and the domestic offshore wind sector is experiencing multiple catalysts, with a promising recovery in industry demand expected; moreover, under the 14th Five-Year Plan, the offshore wind development goals of various provinces and cities are firm, making it bullish on significant increases in offshore wind bidding and installation in 2025, with installed capacity expected to reach 12-15 GW by 2025.
Caixin Securities: A milestone year for Wind Power Equipment delivery, focus on the "Two Seas" and diversification of components.
Overall, the demand side of the Wind Power Equipment Industry is expected to significantly improve by 2025, leading the industry to switch from a passive destocking phase to an active restocking phase, and a major delivery year is anticipated.
Ningbo Orient Wires & Cables (603606.SH): Total bid for a project worth 1.275 billion yuan.
On December 31, Gelonghui reported that Ningbo Orient Wires & Cables (603606.SH) announced that it has successively received relevant bidding notifications, confirming the company as the successful bidder for related projects: 1. The 220kV and 66kV submarine cable project at the Peninsula North L site for CHINA BEST's ShanDong branch, with a bid amount of approximately 0.985 billion yuan; 2. The EPC project for the 66kV submarine cable at the Qingshou Qihai offshore wind farm by the upper survey institute, with a bid amount of approximately 0.29 billion yuan. The total bid amount for the above projects is approximately 1.275 billion yuan, and the performance of these contracts will have a positive impact on the company's future operational performance, although it will not affect the company's operational independence.
The Returns On Capital At Ningbo Orient Wires & CablesLtd (SHSE:603606) Don't Inspire Confidence
Ningbo Orient Wires & Cables Co.,Ltd. Just Missed EPS By 14%: Here's What Analysts Think Will Happen Next
