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【国信证券】远程电缆新股研究简报:电缆行业的领先企业-不建议申购

[Guoxin Securities] Research brief on New shares of long-distance Cable: leading companies in the Cable Industry-do not recommend purchase

國信證券 ·  Jul 27, 2012 00:00  · Researches

1. Clear positioning of remote cable, industry-leading technology, products and services. Since its inception, the company has been committed to the design, research and development, production and sales of wire and cable products. The company's main products are 35kV and below power cables, special cables, bare wires, electrical spare wires and cables. With its excellent products and services, it has formed a stable cooperative relationship with a number of high-quality enterprises.

two。 The scale of the wire and cable industry is large, and the subdivided products will usher in rapid development. The compound annual growth rate of the wire and cable industry from 2005 to 2010 is 27%. The industry is characterized by a large number of enterprises and obvious product homogenization. The growth rate of the industry will slow down during the 12th five-year Plan period, but fire-resistant cables, optical fiber composite cables, clean energy cables and marine engineering cables will enter a period of demand expansion.

Risk tips: the risk of high asset-liability ratio; the risk of intensified competition in the wire and cable industry.

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