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Haitong sec: Onshore wind turbine bidding is strong, and offshore wind will usher in a new growth cycle.
The fan bidding remains strong, with sustained high demand.
Soochow: In Q3 2024, downstream delivery is gradually increasing, and the wind turbine gross margin is improving compared to the previous period.
It is estimated that the offshore wind power will install 7-8GW in 2024 and 13-15GW in 2025, with year-on-year increases of 25% and 100% respectively.
Ningbo Orient Wires & Cables Plans 69-Million-Yuan Investment to Establish HK, UK Subsidiaries
Ningbo Orient Wires & Cables (603606): Dual driving force of marine and land business, significant results in overseas development.
Key points: Ningbo Orient Wires & Cables is a core supplier of marine and land cables in China. The company was established in 1998 and listed on the Shanghai Stock Exchange in 2014, gradually evolving from a traditional cable manufacturing enterprise into a core supplier of marine and land cables domestically.
Research reports digging for gold | Citic: Maintain ningbo orient wires & cables "outperform the industry" rating, won the bid for the Yangjiang Qingzhou No. 5 and No. 7 submarine cable orders.
Gelonghui November 22 | China International Capital Corporation research reports point out that Ningbo Orient Wires & Cables (603606.SH) has won the bid for the Guangdong Yangjiang Qingzhou Five, Seven ±500kV direct current submarine cable order, fully demonstrating the company's competitive advantage. It is believed that the company winning this project not only enhances the certainty of the company's performance in 2025, but also fully demonstrates the company's strong competitiveness in the ultra-high voltage direct current submarine cable field. It is expected that with the implementation of this project, the company is expected to gain endorsements for subsequent domestic and overseas ultra-high voltage direct current projects, continuously obtaining more high-quality orders. It is expected that the company will continue to win large orders in the next six months to one year.
Ningbo Orient Wires & Cables Plans 554 Million Yuan Investment for HQ Construction
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