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Ningbo Orient Wires & Cables (603606) investor relations material
Ningbo Orient Wires & Cables H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved revenue of ¥10.84 billion in 2025, up 19.26% year-over-year, with net profit attributable to shareholders of ¥1.27 billion, up 26.11% year-over-year.
Sea cable and high-voltage cable revenue surged 65.60% to ¥5.36 billion, accounting for 49.46% of total revenue.
Cash flow from operating activities reached ¥1.96 billion, up 76.58% year-over-year.
Proposed cash dividend of ¥5.60 per 10 shares and 2-share capital increase per 10 shares.
Financial highlights
Gross margin improved by 3.30 percentage points to 22.07%.
Basic and diluted EPS were ¥1.85, up 25.85% year-over-year.
Net assets attributable to shareholders at year-end were ¥8.28 billion, up 20.71% from prior year.
Operating income was ¥1.53 billion, up 32.98% year-over-year.
R&D investment totaled ¥381 million, 3.51% of revenue.
Outlook and guidance
Focus on high-quality growth, international expansion, and innovation in sea cable, land cable, and deep-sea technology.
Industry tailwinds from national grid investment, offshore wind, and green energy transition.
Strategic goal to become a global leader in system integration solutions and maintain domestic leadership in sea cable.
- Revenue up 24.38% to ¥9.09B, net profit ¥1.01B, strong land cable and global growth.603606
H2 202424 Dec 2025 - Q3 net profit surged 53.12% year-over-year on robust subsea and high-voltage cable sales.603606
Q3 202525 Oct 2025 - Revenue up 8.95% but net profit down 26.57% year-over-year; order backlog robust.603606
H1 202515 Aug 2025 - Q3 revenue and profit grew sharply year-over-year, with a strong order backlog fueling future growth.603606
Q3 202413 Jun 2025 - H1 2024 revenue up 10.3%, net profit up 4.5%, orders on hand ¥8.91B.603606
H1 202413 Jun 2025 - Revenue up 63.83% year-over-year, submarine cables drive growth, order backlog at RMB 18.9B.603606
Q1 20256 Jun 2025
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