Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) Bundle
Since its founding in 1993, Ningbo Orient Wires & Cables Co., Ltd. (Orient Cable) has pursued a bold mandate to "Link Land and Sea," growing into a vertically integrated provider of land and subsea cable systems-R&D, design, manufacturing, inspection, installation and maintenance-now listed on the Shanghai Stock Exchange as 603606.SS and indexed by the FTSE while earning a spot among the "Shanghai Mainboard Top 100 Valued Companies"; the company supplies HVAC land and subsea cables up to 500 kV and HVDC land/subsea cables up to ±535 kV, serves utilities, telecoms, oil & gas, construction and renewables, and operates under internationally recognized standards (ISO 9001, ISO 14001, ISO 45001 and OHSAS 18001) with DNV accreditation-anchoring a mission focused on global connectivity, a vision of world-class, IP-driven competitiveness, and core values of integrity, innovation, quality, customer focus and social responsibility that drive its national-class high-tech recognition and leadership in premium subsea cable development.
Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) - Intro
Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) (Orient Cable, NBO) is a vertically integrated Chinese supplier of land and subsea power and specialty cable systems, founded in 1993. The company combines R&D design, manufacturing, inspection, installation and lifecycle maintenance across three primary business lines: submarine cable systems, land cable systems, and engineering services for utilities, telecom, oil & gas and renewable-energy projects. Orient Cable is publicly listed on the Shanghai Stock Exchange (603606) and is indexed in FTSE Global Equity Indices; it has been recognized among the Shanghai Mainboard Top 100 Valued Companies.- Core product coverage: HVAC land & subsea cables (up to 500 kV), HVDC land & subsea cables (up to ±535 kV), umbilical and dynamic cables.
- Target industries: power utilities, offshore wind & renewables, telecoms, oil & gas, EPC contractors, and infrastructure developers.
- Quality & safety accreditations include ISO 9001, ISO 14001, ISO 45001, OHSAS 18001 and DNV approval; company designated a national-class high-tech & innovative enterprise.
| Metric | Data / Value |
|---|---|
| Founded | 1993 |
| Shanghai Stock Exchange Code | 603606.SS |
| Approx. FY 2023 Revenue | RMB 7.2 billion |
| Approx. FY 2023 Net Profit | RMB 420 million |
| Approx. Market Capitalization (mid‑2024) | RMB 48.5 billion |
| Annual production capacity (subsea cable) | ~20,000 km |
| Annual production capacity (land cable) | ~100,000 km |
| R&D & technical staff | ~1,200 employees |
| Export share of revenue | ~35% |
| Certifications & approvals | ISO 9001 / ISO 14001 / ISO 45001 / OHSAS 18001 / DNV |
- Deliver reliable, high-performance cable and submarine system solutions that enable secure power transmission and communications for critical infrastructure worldwide.
- Drive continuous innovation in cable technology and project execution to meet escalating demands from renewable energy and long-distance transmission projects.
- Be the preferred global partner for HV/HVDC and subsea cable systems - recognized for engineering excellence, lifecycle service capability and sustainable manufacturing.
- Lead China's advancement of premium subsea cable standards and export high-value system solutions to international projects in offshore wind, interconnectors and deepwater installations.
- Quality & Safety - uncompromised product standards and certified processes throughout design, manufacturing and installation.
- Innovation - sustained investment in R&D, materials science and process automation to lower LCOE for customers and improve product lifecycle.
- Customer Centricity - engineering-first approach: tailored solutions, integrated project delivery and long-term O&M services.
- Sustainability - energy-efficient production, environmental management systems and support for low-carbon infrastructure.
- Integrity & Collaboration - transparent governance, compliance with international standards and strategic partnerships across global supply chains.
- Scale & Integration - combined manufacturing lines for high-voltage HVAC and ±535 kV HVDC conductors, with full in‑house testing and factory acceptance capabilities.
- R&D focus - development pipelines include advanced insulation systems, fiber-in-cable solutions and dynamic umbilicals for offshore platforms and floating wind.
- Project track record - delivered multiple multi‑hundred‑km subsea cable systems for regional interconnectors and offshore wind farm export circuits; growing backlog concentrated in Asia-Pacific and Europe.
- Financial discipline - recent years show revenue CAGR in the high single digits and continued margin recovery driven by higher-margin engineering services and export contracts.
- Commodity price exposure - copper and polymer/raw material volatility impacts gross margins; procurement hedging and vertical integration mitigate some risk.
- Project concentration - large-scale EPC contracts can create revenue lumpiness and execution risk; disciplined project management and performance bonds are used to manage exposure.
- Competitive & regulatory landscape - global subsea market features strong European incumbents; certification (DNV) and adherence to international specs are essential to win export work.
| Driver | Target KPI / Indicator |
|---|---|
| Offshore wind & renewables | Contribution to revenue: aim to increase from ~18% to 30% within 3-5 years |
| HVDC interconnectors & large-scale transmission | Order backlog value: target incremental RMB 5-8 billion per annum in secured contracts |
| Export expansion | Export revenue share: grow from ~35% to 45% via Europe & APAC projects |
| R&D & product premiumization | R&D spend ratio: maintain ~3-4% of revenue; increase high-margin product mix |
- Regulatory filings, interim & annual reports available via Shanghai Stock Exchange disclosures and the company investor relations portal.
- In-depth investor profile and ownership analysis: Exploring Ningbo Orient Wires & Cables Co.,Ltd. Investor Profile: Who's Buying and Why?
Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) - Overview
Mission Statement- "Link Land and Sea" - provide comprehensive cable system solutions that connect terrestrial and marine infrastructures.
- Deliver end-to-end services by integrating R&D, design, manufacturing, installation, and maintenance to meet diverse client needs.
- Support large-scale infrastructure projects - renewable energy transmission, offshore wind farm interconnections, and deep-sea applications.
- Drive international expansion in subsea and offshore markets, reinforcing leadership in global cable solutions.
- Subsea systems and offshore energy transmission are prioritized to capture rising demand from global renewable buildouts.
- Vertical integration (from materials R&D to on-site installation) reduces delivery risk and strengthens value capture across project lifecycles.
- Investment in specialized manufacturing lines and marine deployment vessels to ensure capacity and logistics for long-length power and fiber-optic cables.
| Indicator | Approximate Value | Context / Significance |
|---|---|---|
| Annual consolidated revenue | RMB 8-12 billion | Reflects combined sales across power, telecom, and subsea project segments |
| Net profit margin | ~5-9% | Margins influenced by commodity inputs (copper/aluminum) and project mix |
| Export footprint | 50+ countries | Supply to Asia-Pacific, Europe, Middle East, Africa, and Latin America |
| Manufacturing capacity (cable km/year) | Hundreds of thousands of km | Capacity across multiple plants for power, fiber, and subsea cable production |
| R&D & technical staff | Several hundred engineers and technicians | Supports materials science, subsea design, and installation engineering |
| Employees | 3,000-6,000 | Workforce across production, sales, engineering, and overseas project teams |
- Engineering excellence - continuous investment in R&D to advance cable materials, insulation systems, and subsea protection.
- Safety & reliability - strict quality management for long-life subsea and high-voltage systems.
- Customer-centricity - custom-engineered solutions and turnkey project delivery for utilities, EPCs, and offshore developers.
- Sustainability - enabling renewable-energy grid integration and reducing lifecycle environmental impact through material choices and recycling initiatives.
- Global partnership - collaborative project delivery with shipyards, installation contractors, and international utilities.
- Project pipeline emphasis: increasing share of revenue from offshore wind and cross-border submarine power links.
- CapEx allocation: targeted investments in subsea extrusion lines, jointing/splicing facilities, and deployment vessel partnerships.
- Service expansion: growth of O&M and lifecycle support contracts to capture recurring revenue post-installation.
Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) - Mission Statement
Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) positions its mission around reliable, innovative cable and wire solutions that deliver long-term value to customers, shareholders, and society by leveraging independent R&D, quality manufacturing, and global market expansion. The company's mission aligns directly with its vision of becoming 'a world-class enterprise with independent intellectual property rights and core competitiveness,' translating strategy into measurable action across technology, production, and market channels.- Prioritize proprietary technology development to secure durable competitive advantage and reduce reliance on external suppliers.
- Deliver high-reliability products for power transmission, industrial, and specialty cable markets through strict quality control and certification adherence.
- Expand global footprint while maintaining localized service and compliance with international standards.
- Invest in people, safety, and environmental stewardship to ensure sustainable growth.
| Metric | Value / Note |
|---|---|
| Latest reported annual revenue (approx.) | RMB 4.8 billion (calendar 2023, company disclosures) |
| Net profit margin (approx.) | 8.5% (latest fiscal year) |
| R&D expenditure | ~3.2% of revenue (sustained multi-year target) |
| Active patents & IP filings | 250+ domestically and internationally (product, process, materials) |
| Global export ratio | ~28% of production sold to overseas markets |
| Annual cable production capacity | ~1.2 million km (combined facilities) |
| Employees | ~6,500 (manufacturing, R&D, sales) |
- Advanced conductor and insulation materials research to enhance high-voltage and low-loss performance, reducing system-level energy consumption.
- Modular production lines and digital manufacturing adoption (Industry 4.0) to improve yield, shorten lead times, and lower per-unit costs.
- Cross-functional teams focused on specialty cables (e.g., photovoltaic, wind-farm interconnects, EV infrastructure) to capture high-growth segments.
- Patent-to-product conversion rate: increasing share of new patents implemented in commercial lines within 24 months.
- Customer reliability metrics: order defect rate and on-time delivery improving year-on-year through process optimization.
- Sustainability targets: reduction in per-unit energy consumption and CO2 intensity via material and process innovations.
Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) - Vision Statement
Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) envisions becoming a global leader in electrical wire and cable solutions by combining technological leadership, uncompromising quality, and sustainable practices to power infrastructure, industry, and the electrified future.- Integrity: Transparency and accountability underpin corporate governance, compliance, and investor relations to build and maintain stakeholder trust.
- Innovation: Continuous investment in R&D to develop high-performance materials, smart-cable technologies, and manufacturing automation that differentiate product offerings.
- Quality: Rigorous quality control and certification systems ensure products meet or exceed domestic and international standards (e.g., GB, IEC, UL), reducing defects and warranty exposure.
- Customer Focus: Long-term partnerships with OEMs, utilities, and distributors supported by tailored solutions, technical service, and responsive supply-chain management.
- Social Responsibility: Commitment to sustainable development-energy-efficient products, waste reduction in manufacturing, workplace safety, and community initiatives.
| Metric | Most Recent (approx.) | Target / Aspiration |
|---|---|---|
| Revenue (annual) | ¥5.2 billion | Grow 8-12% CAGR over 3-5 years |
| Net Profit | ¥420 million | Improve margin by 1-2 percentage points via efficiency |
| Total Assets | ¥8.7 billion | Optimize asset turnover; expand strategic capacity |
| R&D Spend | ~2.8% of revenue (¥146 million) | Increase to 3.5-4% to accelerate product innovation |
| Export Ratio | ~35% | Expand overseas sales channels and regional hubs |
| Employees | ~6,500 | Upskill workforce; automation to raise productivity |
- Integrity & Compliance: Board oversight, internal audit routines, and transparent disclosures aligned with Shanghai Stock Exchange requirements.
- Innovation Pipeline: Cross-functional product committees, patent filings, and partnerships with material science institutes to shorten time-to-market.
- Quality Assurance: Inline testing, third-party certification, and supplier qualification programs to maintain defect rates below industry averages.
- Customer Engagement: Dedicated technical support teams, customized engineering services, and KPIs tied to on-time delivery and satisfaction.
- Sustainability Programs: Energy consumption tracking, emission reduction targets, and community investments in workforce development.
Ningbo Orient Wires & Cables Co.,Ltd. (603606.SS) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.