Beijing Wire and Cable

In the next few years, the development speed of China's wire and cable industry will be higher than that of the national economy, and it is expected to reach more than 10%. Especially, the annual growth rate of power conductors and cables can reach 15%.

In recent years, due to the accelerated construction of China's power grid and the successive construction of UHV projects, a huge market has been created for the wire and cable industry. In the past 15 years, the annual growth rate of the wire and cable industry has reached more than 15%. Currently, the total industrial output value of the industry exceeds 400 billion yuan, surpassing the United States to become the world's largest wire and cable producer.

At present, based on a large number of technology introduction, digestion, absorption, and self-research and development, China's wire and cable industry has formed a huge production capacity. The supporting cable material and cable equipment manufacturing industries have also initially formed a relatively complete supporting system. Mainly presented as: large enterprises have obvious advantages in market competitiveness and strong profitability; small and medium-sized enterprises have good asset operation capabilities; private enterprises have flexible market-oriented operation mechanisms and develop rapidly, especially the wire and cable manufacturing enterprises in the coastal economically developed areas have obvious advantages. Calculated by assets, the state-owned economic component currently accounts for only 15%, trinational enterprises account for nearly 25%, and the private economic component accounts for more than 60%. Among the top ten enterprises in terms of sales revenue in the wire and cable industry, most are private enterprises. The East China region is the most important manufacturing area for the wire and cable industry, accounting for 50% of the country's assets and output value, forming 60% of sales, and earning 70% of the industry's profits.