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Characteristics of wire and cable industry
Wires and cables are used to transmit electric (magnetic) energy, information and realize the conversion of electromagnetic energy. Wires and cables are widely used in various sectors of the national economy, providing important supporting facilities for various industries, national defense construction and major construction projects.

They are described as the blood vessels and nerves of the national economy, and are important basic industries of the national economy. The quality of wire and cable products is directly related to the economic and social development and the vital interests of the people.

At present, the development of wire and cable industry presents three characteristics.

1. The scale of wire and cable industry is growing rapidly
In 2011, China's wire and cable manufacturing industry continued to maintain growth. As of November 2011, there are more than 7000 wire and cable manufacturing enterprises in China. Among them, there are 3496 Enterprises above Designated Size, with 731200 employees, total assets of 600.292 billion yuan and total liabilities of 352.03 billion yuan. In 2011, the total industrial output value was 1110.262 billion yuan, and the sales value was 1083.408 billion yuan. At the same time, in 2011, the import and export of China's wire and cable manufacturing industry increased, of which the export value was 14.889 billion US dollars, an increase of 19.86%; the import volume was 5.325 billion US dollars, an increase of 17.17%.

2. The wire and cable industry is dominated by medium and low-end products, and the profit level of the industry is low
From the perspective of product structure, the homogeneity of middle and low-end products is serious. About 90% of domestic wire and cable enterprises are mainly engaged in the production of medium and low voltage wire and cable products, and their production equipment and technology are simple, while high-end products such as nuclear power special cables, ship cables and other fields mainly rely on imports.
At present, China's wire and cable industry market competition is fierce, most of the domestic small and medium-sized enterprises adopt price competition. In the middle and low-end wire and cable market with relatively low technology added value, it is quite common for wire and cable enterprises to reduce price and compete for sale. More than 40% of the enterprises in the industry have experienced adverse competition such as winning the bid below the cost price and malicious price reduction by peers. At the same time, the cost of wire and cable raw materials is rising, and most of the products produced in China are low-end wire and cable products. Therefore, many wire and cable manufacturers are in a state of meager profit or even loss.
Overall, the profitability of China's wire and cable manufacturing industry is lower than the average level of the machinery industry. From January to November 2011, the profit margin of sales and the rate of return on total assets of the wire and cable industry were 8.46% and 9.23% respectively, with a year-on-year increase of only 0.2% and 0.5%.

3. There is a big gap between wire and cable industry and international companies
Although China is a big country in the production of wires and cables, it is not a powerful one. Although Baosheng science and Technology Innovation Co., Ltd., Jiangsu Shangshang cable group, far east Holding Group Co., Ltd. and other leading enterprises in the industry have strong competitiveness in the market, but more than 90% of China's wire and cable production enterprises are small and medium-sized enterprises, with serious overcapacity, low industrial concentration, weak independent innovation ability and homogenization of medium and low-end products The competition is serious, the overall level of product quality is not high, the industry is disorderly and excessive expansion, and the market competition is not standardized.

With the maturity of the global wire and cable market, the development of wire and cable manufacturing industry slows down, the growth rate is not large, the demand is declining, the cable enterprises' capacity is relatively excessive, the price is low, the competition among enterprises is intensified, and the main raw materials such as copper, aluminum and plastic are rising sharply, which makes the development of many cable enterprises difficult, and a large number of small and medium-sized enterprises or non professional wire and electricity Cable factories withdraw from the market in different ways.

At present, the three largest cable manufacturers in the world are Prysmann, Nexans and Sumitomo division cables. France's nexen, Italy's priisman and Britain's BICC have invested a lot in product research and development. In recent years, the rapid economic growth of emerging countries such as Asia and the shift of the world's wire and cable production center to Asia have led to the rapid development of wire and cable industry in China, Vietnam, the Philippines and Egypt in the Middle East. At the same time, due to the unification of Europe, the manufacturing cost of central and Eastern Europe is relatively low, and the growth of wire and cable manufacturing is quite rapid.
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