Home » Actively participate in large-scale infrastructure project bidding, the net profit of Qifan Cable doubled in the first half

Actively participate in large-scale infrastructure project bidding, the net profit of Qifan Cable doubled in the first half

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  Sailing cableThe 2021 semi-annual report was released a few days ago. In the first half of the year, the company’s revenue maintained a relatively rapid growth and achievedOperating incomewithNet profitThey were 7.477 billion yuan and 339 million yuan, up 111.26% and 126.62% year-on-year.As a traditional cable company, the company was able to achieve such excellent performance in the first half of the yearPerformanceIt is not easy.

Regarding the reasons for performance growth,Sailing cableSaid that the revenue growth is mainly due to the company’s keeping up with the pace of industry development, actively carrying out product innovation and research and development, actively participating in large-scale infrastructure project bidding, and obtaining more orders.The company’s submarine cables have completed the delivery of the first batch of orders in the first half of the year, driving rapid growth in operating income; the significant simultaneous growth in profits is mainly due to the further growth in direct sales revenue and the growth in sales of submarine cables that drive gross sales.interest rateIt has risen, which has improved the company’s profitability.

  Sailing cableIt is a professional manufacturer engaged in the research and development, production, sales and service of wires and cables. In the first half of theJingdongUse Yealink Technology,Country Garden, China Railway Group, China Railway Construction Group, Shaanxi Daqin Power Group, Shanghai Installation Group, Jinan Iron and Steel Group,China MetallurgicalChina PetroleumAnd other large companies have achieved good cooperation in offshore wind power, rail transit engineering, construction engineering, electrical installation engineering, petrochemical and other fields. Although it belongs to a traditional enterprise, Qifan Cable, through differentiated market competition, intensive cultivation, and the number of winning bids continues to rise. The company’s submarine cables, fireproof cables, control cables, medium and high voltage series products, etc. have achieved good growth, and have successively won the bids of Yealink Technology. Qidong Offshore Wind Power Project 35kV Submarine Cable, Jinan Iron and Steel Flame Retardant High Voltage 35kV Power Cable, Yibin Yuanneng Electric Industry 110kV Cable, China Railway Hefei Rail Transit Mineral Insulated Fireproof Cable, China Metallurgical Huake Nickel Industry Indonesia Project Medium and Low Voltage Cable, Zhengji Railway CJSD -Ⅱ bid section control cable,China Power ConstructionZhuoyang Agricultural Photovoltaic Power Station Project, low-pressure cables and other large-scale key projects.

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At the same time, the company continued to increase its investment in technology and product research and development in the first half of the year. The research and development expenses in the first half of the year were 24.459 million yuan, a year-on-year increase of 145.74%. As of June 30, 2021, the company has 135 patents. In the first half of this year, the company’s R&D department, technical department, and through the Shanghai Academician Expert Workstation, together with Shanghai Jiao Tong University, Harbin University of Science and Technology, Shanghai Cable Research Institute and other scientific research institutes and institutions, relying on its own laboratories and technical centers, combined The research and development capabilities of the partners, to carry out key common technology research, basic theoretical research, key process research, and new special cable product development for the national urban power grid construction, photovoltaic power generation, offshore wind power, rail transit construction, special cable materials and other fields, and jointly promote some The development and technological upgrading of cutting-edge high-end special cable products provide technical support for the company’s development and ensure that the company’s products are in a technologically leading position in market competition.

(Source: China Securities Net)


Article source: China Securities Net

Editor in charge: DF526

Original title: Actively participate in the bidding of large-scale infrastructure projects, the net profit of Qifan Cable has more than doubled

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