Analysis of the current situation of the wire and cable industry

According to the data released by the National Bureau of Statistics, in recent years, the scale expansion of my country's wire and cable industry has slowed down. From 2015 to 2020, my country's wire and cable sales revenue generally showed a trend of fluctuation. Affected by the weakness of my country's macro economy and the production capacity reduction of the manufacturing industry, the wire and cable industry once experienced a decline in scale, reaching a trough in 2018, reaching 0.99 trillion yuan. However, with the acceleration of investment in new energy, infrastructure and optical communication in my country, the wire and cable industry has begun to recover slowly. In 2020, the sales revenue of wire and cable will exceed 1.2 trillion yuan, a year-on-year increase of about 5%.

In the market of centralized procurement, bidding and major projects that pay attention to quality brands and scale benefits, the market space of leading enterprises has been further expanded, and a group of outstanding enterprises with large scale, strong competitiveness, high brand awareness and strong leadership gradually stand out. According to the statistics of the cable network, the overall revenue of the 26 major listed companies in the domestic wire and cable industry in the first half of the year reached 173.4 billion yuan, an increase of 31% over the same period last year. The top outstanding enterprises have not only made remarkable achievements in promoting the layout of the domestic wire and cable industry but also won wide recognition in the international market. In the "Top 500 Asian Brands" list in 2021, Far East Holding Group, with a brand value of 89.898 billion yuan, is on the list together with well-known brands such as Huawei and ICBC, and has won the first honor in the industry's brand value. This is the 11th consecutive year that Far East Holding Group has been listed among the top 500 companies in Asia. Domestic leading enterprises have not only achieved their own "brand internationalization", but also played an active role in leading the domestic wire and cable industry to "go global", and are also expected to drive and promote the coordinated development of the national wire and cable industry.