What is the development trend of the wire and cable industry? Can you explain it in detail?

Main listed companies in the wires and cable industry: Zhongtian Technology (600522), Special Transformer (600089), Baosheng (600973), Hengtong Optoelectronics (600487), Far East (600869), Jingda (600577), Wanma Co., Ltd. (002276), Super League Holdings (002471), Sun Cable (002300), Han Cable (002498), etc.
The core data of this article: development process, development status, competition pattern, development trend n industry Overview
1, definition
wire and cable, according to relevant international regulations, it is defined as “transmission of electrical (magnetic) information and realizing wire products that can be transformed into electromagnetic energy transformation.” The National Economic Industry Category of the National Bureau of Statistics of China defines the wires and cable manufacturing industry as “the manufacturing of electric wires and cables such as electricity transmission, electrical transmission, sound, text, images and other aspects, and lighting.”
The wire and cable can be divided into five categories according to the purpose: electric cables, electrical equipment wire cables, communication cables and optical cables, nude wires, and wounds.
2, analysis of the industry chain: The industry chain of the wire and cable industry is relatively mature
At present, the industry chain of my country’s wire and cable industry is relatively mature. And its alloys; the rubber industry of manufacturing cross -linking insulation sleeves and cover, polyethylene, polyvinyl chloride chemical industry, etc.; midstreams include providing electric power cables, communication cables, electrical equipment cables, nude wires, winding lines, and other types of cables. Electric wires and cable manufacturing enterprises; downstream are industries that have demand for wires and cables, such as construction machinery, communication industry, power industry and construction industries.
The development process of the industry: The industry has entered the mature period
The development of my country’s wire and cable is relatively late. Officially put into operation. In 1948, the Kunming Route Factory produced a 6.6kV rubber insulation lead bag and cable. After the founding of the People’s Republic of China, the Shenyang Cable Factory (Soviet Aid) was established in 1954. It was officially put into production in 1956. The production of wires and cables in my country has developed rapidly from scratch. Since the 1960s, my country has carried out a lot of work in conductivity production and scientific research to produce electrical aluminum conductors. In the late 1980s, the output value of the wire and cable industry accounted for 0.88%of the national economic output value. By 1998, the output value of wires and cables accounted for 1%of the total national economy, reflecting that it still has strong vitality.
The 1990s, my country’s wire and cable industry has developed rapidly, and China is also the second largest wire and cable producer in the world after the United States. In 2011, the scale of China’s wire and cable industry surpassed the United States for the first time, becoming the largest market in the global wire and cable industry. Subsequently, with the rapid development of my country’s wire and cable market, the industry has entered a mature stage.
The industry policy background: policy strengthening and guidance for the wires and cable industry
Since 2009, the State Council, the State Development and Reform Commission, the National Energy Bureau of the Ministry of Housing and Urban -Rural Development have successively issued support and regulating the wire and cable industry The development policy, content involves promoting the research of wires and cable technology, standardized wires and cable construction specifications, and the safe operation specifications of wire and cable enterprises:
The industry development status
1, the number of Chinese wires and cable companies, the number of Chinese wires and cable companies
According to data from the Bureau of Statistics, from 2011 to 2015, with the continuous growth of the wire and cable industry, the number of enterprises above designated size in the industry continued to rise, reaching 3,831 in 2015, the largest value over the years. With the adjustment of the industry in 2017, product upgrades and backward production capacity have accelerated, industry mergers and acquisitions integrated speeds, and the number of enterprises above designated size has decreased, 3734, a decrease of 57 compared with 2016. With my country’s investment in new energy and infrastructure, the national wires and cable industries in 2018-2020 gradually recovered, and the number of companies above designated size rose from about 3817 to 4009.
2. The overall fluctuation of the total power cable output of my country’s power cables
If according to statistics from the National Bureau of Statistics, since 2011, my country’s total power cable output has shown a shock trend as a whole. After two consecutive years of decline in the two consecutive years of 2017-2018, in 2019, the total production scale of my country’s power cable has rebounded, and the overall scale reached 51.41 million kilometers, an increase of 13.44%year-on-year. In 2020, due to the impact of the epidemic, the growth rate of the domestic wire and cable industry slowed down, with the overall scale of 52.43 million kilometers, an increase of 1.98%year -on -year.
3, my country’s communication and electronic network cable output fluctuations decrease
According to statistics from the National Bureau of Statistics, since 2011, my country’s communication and electronic network cables have shown a decline in fluctuations as a whole. Except for the short-term output in 2014 and 2017, from 2011 to 2020, they all showed a decline. In 2020, the overall scale of communication and electronic network cables reached 25.22 million kilometers, a year -on -year decrease of 2.36%.
4. In recent years, the scale of my country’s wire and cable industry has slowed down
21 centuries, with the rapid development of China’s power, petroleum, chemical, urban rail transit, automobiles, and shipbuilding. In particular, the power grid transformation has been accelerated, the UHV projects have been put into construction, and the global wire and cable products are transferred to China -based Asia -Pacific regions. The market size of the Chinese wire and cable industry has grown rapidly. The largest industry in the segment industry accounts for a quarter of the proportion.
If according to the data released by the National Bureau of Statistics, in recent years, the scale of my country’s wire and cable industry has slowed down. From 2015-2020, my country’s wire and cable sales revenue has generally fluctuated. Due to the impact of my country’s macroeconomic weakness and manufacturing capacity in recent years, the scale of the wires and cable industries once declined and reached a low valley in 2018, reaching 99 trillion yuan. As my country has accelerated investment in new energy and other investment, the wire and cable industry has begun to recover slowly. In 2020, the sales revenue of wire and cable reached 108 trillion yuan, an increase of 5.02%year -on -year.
The industry competition pattern
1. Regional competition: Four wires and cable industry clusters have formed nationwide
In from the regional distribution of the number of enterprises in my country’s wire and cable industry, the region with the largest number of enterprises in the wire and cable industry is Shandong Province, followed by Jiangsu, Guangdong, Shanghai, Henan, Anhui, Shanxi, Shaanxi, Hebei, Zhejiang and other regions; other places, such as Tibet, Qinghai, Hainan, Ningxia and other provinces, are very small.
It from the perspective of the wire and cable industry cluster, my country’s wire and cable industry has formed an industrial cluster represented by Jiangsu Yixing, Zhejiang Lin’an, Anhui Wuwei, and Dongguan, Guangdong. The above -mentioned main industrial bases are located in provinces with large economic aggregate and high power construction investment in the eastern part of my country. They are competitive and have their own characteristics, such as Yixing’s power cables and special cables, inaction special cables and Guangdong cable exports.
Due to the high transportation cost of cable products, there are obvious transport radius in wire and cable companies, so there are local companies with considerable scale and competitiveness in each region. In order to effectively reduce the cost of transportation, while opening up the markets in other provinces and cities, some large cable companies adopt a different place to build factories or cooperate with local cable companies to improve their competitiveness. To expand and consolidate the North China and Northeast markets.
2. Enterprise competition: Low concentration of wire and cable industry
From the point of view of wire and cable, from the output, the national wire and cable output in 2020 was about 13,400 kilometers. Combined with the annual reports of each company, in 2020, the output of the Golden Cup Electric wires and cables reached 2.063 million kilometers, and the market share was 1.64%; the output of the Chinese Super League holding wires and cables reached 2.046 million kilometers, and the market share reached 1.52%; the output of Baosheng’s wire cable reached 189.12 10,000 kilometers, the market share of 1.41%. From the perspective of the operating income of wire and cable, in 2020, the national wire and cable sales revenue was 1.07 trillion yuan. Combined with the annual reports of each company, in 2020, the operating income of Baosheng’s wire and cable revenue reached 33.622 billion yuan, and the market share was 3.14%; Operating income reached 13.064 billion yuan, and the market share reached 1.22%.
In overall, my country’s wire and cable industry market concentration is small and the market is relatively scattered. As the country continues to strengthen the quality and safety supervision and special rectification of electric wire and cable products, it has promoted a number of small -scale and lack of core competitive electric wire and cable companies to withdraw from the market, which is conducive to further enhance the industry concentration.
Note: Hengtong Optoelectronics, Jingda shares, Zhongtian Technology, Special Transformer, Wanma Co., Ltd., ST remote, Tongda, Yongding, Tongding Interconnection, and Tongguang cables are not disclosed.
The industry development prospects and trend forecasts
1. In the future, the prospects of my country’s wires and cable industry are getting better
According to the plan of the national power grid, the total investment of 579.5 billion yuan during the “14th Five -Year Plan” period will increase 22.6 billion yuan, of which the power grid invested 473 billion yuan, an increase of 12.5 billion yuan year -on -year. From the perspective of the state’s main application areas of electric wires and cables (new energy, smart grids), rail transit, aerospace, marine engineering and other plans, the future prospects of my country’s wire and cable industry are better, and the industry’s product upgrade trend is obvious. The industry demand scale is expected to be close to 1.8 trillion yuan by 2026.
2. During the period of “Fourteen Five -Year Plan” period, the intelligent upgrade of the wire and cable industry in my country

In according to the national “Fourteenth Five -Year Plan” and the development of my country’s wire and cable industry, in the future, with my country’s wire and cable industry The product structure is adjusted, the transfer of high -end products, the industry’s technical level will continue to improve, the process of localization of high -end intelligent production equipment will accelerate, and the industry concentration of wires and cables will be further improved.
It data refer to the “Analysis Report of the Market Prospective and Investment Strategic Planning of the China Route and Cable Industry Market Market in China”.