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Huadong mineral insulated cable special cable project gradually stable

Information Source:Henan Huadong Cable Co., Ltd  Release date:2014-05-16

At present the company building mineral insulated cable project (commonly known as "fireproof cable") is gradually stable. At the same time, the company is actively involved in local cable bidding project, completed at the beginning of this year business plan.

Mineral insulated cable production line since put into production, currently still in the debugging process, can achieve optimal production condition quickly.

Huadong cable Securities Department 12, investors in the interactive platform said, companies are actively involved in all the bidding projects, the early completion of the development of business plans; although the company recently gained some national centralized bidding project, but has not yet reached the disclosure requirements.

Mineral insulated special cable commonly known as fire type cable, the product has good market advantage. By the end of 2013, Huadong mineral insulated cable special cable production line in the extension of two months after the output of qualified products. The project is put into production, annual production capacity will be increased from 4800km to 10000km, annual revenue target of 500000000 yuan, accounting for revenue in 2013 will be 18%.

As of the end of 2013, Huadong mineral insulated cable special cable project has invested 65251500 yuan, completed the project 59.87%, project plans to invest 108985000 yuan.

Huadong cable in 2014 business plan for 10%-20% to realize year-on-year revenue growth, mainly in raw materials of copper prices in 2013 average price based prediction. The first quarter of this year, the Huadong cable to achieve operating income of about 478000000 yuan, a year-on-year increase of 28.7%, net profit attributable to shareholders of the listing Corporation is about 18180000 yuan, drop compared to the same period 16.93%.

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