Chenguang Cable(834639) focuses on the research and development, production and sales of wires and cables. The company is a national high-tech enterprise and a technology-based small and medium-sized enterprise in Zhejiang Province. According to reports, the company is the first echelon supplier of State Grid. The current progress of the company’s listing on the North Exchange is that online subscription will be carried out on June 28.
According to reports, the company has become a high-quality supplier mainly represented by State Grid and China Southern Power Grid and its subordinate provincial and municipal power companies, as well as local power systems (power generation, power supply).
Among them, according to the prospectus, the company has been in the forefront of the State Grid power cable bidding list, and is the first echelon supplier of the State Grid. From 2018 to 2020, in the tendering of substation equipment-power cable materials for the power transmission and transformation project of the State Grid, the company’s cumulative total number of bids ranked in the top ten in the list.
In addition, the company’s wire and cable products are widely used in many major domestic projects such as the Beijing Olympic Games, Beijing APEC Project, Shanghai World Expo, Shanghai Disneyland, Shenzhen Universiade, Shenyang National Games, and Hangzhou G20 Summit.
In terms of performance, in 2021, the company will achieve an operating income of 2.115 billion yuan, a year-on-year increase of 6.6%, and a net profit of 60.57 million yuan, a year-on-year increase of 21%. In terms of research and development, last year, the company’s research and development expenses were 67.83 million yuan, a year-on-year increase of 7.59%. As of the end of 2021, the company has 35 patents, including 16 invention patents.