On November 22, Guolunhui | China International Capital Corporation research reports pointed out that Ningbo Orient Wires & Cables (603606.SH) won the bid for the Guangdong Yangjiang Qingzhou 5, 7 ± 500kV direct current submarine cable order, fully reflecting the company's competitive advantage. It is believed that winning this project not only enhances the certainty of the company's performance in 2025, but also fully demonstrates the company's strong competitiveness in the ultra-high voltage direct current submarine cable field. It is expected that with the implementation of this project, the company is expected to gain endorsements for subsequent domestic and overseas ultra-high voltage direct current projects, continuously acquiring more high-quality orders. It is expected that the company will continue to receive a large number of domestic submarine cable orders in the next six months to a year, while overseas orders are also expected to be fulfilled after winning the large United Kingdom Inch Cape project in July this year. Maintain the company's outperform industry rating and unchanged profit forecast.