Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
603606.SS
HOLDFLAGNingbo Orient Wires & Cables Co.,Ltd. · Industrials · China · $5.4B · Avg Vol: $110M/d
Ningbo Orient Wires & Cables is a high-quality manufacturer of subsea power cables, making it a key second-order beneficiary of the global power grid upgrade cycle and offshore wind expansion. While the business has strong technical moats and high ROIC, geopolitical tensions and localized supply chains present a headwind for international expansion, making it a high-risk, high-reward play best kept on watch.
COMPANY DESCRIPTION
Ningbo Orient Wires & Cables is a leading Chinese manufacturer of land and subsea power cables, as well as umbilical cables for offshore oil and gas. The company holds a dominant market position in China's offshore wind power transmission sector, protected by high technical barriers and proprietary marine engineering capabilities. It operates as a vertically integrated player offering both high-voltage cable manufacturing and offshore installation services.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 1.0B | 1.1B | 1.3B | 1.6B | 15.7% |
| EPS | 0.18 | 0.21 | 0.22 | 0.27 | 14.9% |
| Shares | 688M | 688M | 688M | 688M | 0.0% |
| Debt | 175M | 122M | 165M | 120M | -11.8% |
| Equity | 812M | 930M | 1.0B | 1.2B | 14.7% |
| Op CF | 96M | 176M | 164M | 290M | 44.8% |
| Inv CF | -64M | -88M | -75M | -120M | — |
| Fin CF | 41M | -83M | -19M | -98M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of 603606.SS are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 603606.SS | Ningbo Orient Wires & Cables Co.,Ltd.(you) | $5.4B | 53 | HOLD |
| 688248.SS | China Southern Power Grid Technology Co.,Ltd | $5.1B | 52 | HOLD |
| 688006.SS | Zhejiang HangKe Technology Incorporated Company | $3.5B | 50 | HOLD |
| 001301.SZ | Shijiazhuang Shangtai Technology Co., Ltd. | $3.4B | 51 | HOLD |
| 688676.SS | Hainan Jinpan Smart Technology Co., Ltd. | $6.8B | 45 | HOLD |
| 600577.SS | Tongling Jingda Special Magnet Wire Co., Ltd. | $4.1B | 46 | HOLD |
| 002270.SZ | Huaming Power Equipment Co.,Ltd | $2.9B | 52 | HOLD |
| 601877.SS | Zhejiang Chint Electrics Co., Ltd. | $9.3B | 56 | HOLD |
| 688668.SS | Dongguan Dingtong Precision Metal Co., Ltd. | $6.0B | 68 | BUY |
| 000400.SZ | XJ Electric Co., Ltd. | $4.0B | 63 | HOLD |
Peer medians: ROE 6.0% · P/E 34.8x · Gross margin 22.9%