Cable Development

1. The aggravation of industry integration and industrialization development tend to be significant, and the market concentration of the industry will be further improved

Wire and cable manufacturing enterprises have significant scale effect utility. The more large-scale companies in the industry have the advantages of long-term average variable cost, strong bargaining power with distributors, and complete product models. Because of the pure natural scale efficiency of wire and cable, the market concentration in China's industry will gradually increase to Japan, Britain and other countries in China, which is beneficial to operating large-scale wire and cable companies.

2. Emerging industries use development trends to promote the adjustment and upgrading of the commodity industry structure, and wire and cable have become new sales performance breakthrough points

Relative to general cables, special cables have high scientific and technological content, strict application standards, high added value characteristics, and have superior special characteristics. At this stage, ship design, urban rail, green energy, aerospace, petrochemical equipment and new energy vehicles and other industries must use a lot of wires and cables.