Group 1 - The core point of the article is that Oriental Cable (603606.SH) has announced it and its wholly-owned subsidiary, Ningbo Marine Cable Research Institute, have received multiple winning bids, with a total project amount of approximately 2.374 billion yuan, which accounts for 26.11% of the company's audited revenue for the year 2024 [1] Group 2 - The total amount of the projects won by the company and its subsidiary is approximately 2.374 billion yuan [1] - The projects won represent a significant portion of the company's expected revenue for 2024, indicating strong business performance [1] - The announcement highlights the company's ongoing success in securing contracts within its industry [1]

Core Viewpoint - Dongfang Cable (603606) has recently announced that it and its wholly-owned subsidiary, Ningbo Haicable Research Institute Engineering Co., Ltd., have received multiple bid notifications, confirming their status as winning bidders for several projects [1] Group 1: Project Wins - The company has won bids for a total of 7 projects, including the framework procurement for the 2025 220kV AC power cable from Southern Power Grid and the procurement of 35kV and 220kV cables and accessories for the Tangshan Leting offshore wind farm Phase I project from China Electric Power Construction Group East China Institute [1] - The total value of the projects won amounts to approximately 2.374 billion yuan, which represents 26.11% of the company's audited operating revenue for the fiscal year 2024 [1]

Core Viewpoint - Dongfang Cable (603606.SH) and its wholly-owned subsidiary, Ningbo Haicable Research Institute Engineering Co., Ltd. (referred to as "Dongfang Haigong Institute"), have received multiple bid notifications, confirming their status as winning bidders for various projects totaling approximately 2.374 billion yuan, which represents 26.11% of the company's audited revenue for 2024 [1] Group 1: Project Wins - The company has secured contracts for power engineering and equipment cables, including a framework procurement for 220kV AC power cables from the Southern Power Grid Company for 2025 and cable procurement for the Tangshan Letin offshore wind farm project [1] - In the subsea and high-voltage cable sector, the company won bids for ±500kV DC submarine and land cables for a project by Zhejiang Haifeng New Energy Company, as well as multiple projects related to offshore wind farms [1] - The company also won contracts in marine equipment and engineering operations, including construction for the Southern Power Grid Company's offshore wind flexible direct current transmission project [1]

Core Viewpoint - The company, Dongfang Cable, has recently received multiple bid notifications confirming its status as the winning bidder for several projects, which will positively impact its future operating performance [1] Group 1: Project Details - The awarded projects include power engineering and equipment cables, submarine cables, high-voltage cables, and marine equipment and operational maintenance [1] - The total amount of the awarded projects is approximately 2.374 billion yuan, which accounts for 26.11% of the company's audited revenue for the fiscal year 2024 [1] Group 2: Impact on Company Performance - The successful bids are expected to have a positive effect on the company's future operating results [1] - The projects will not affect the company's operational independence [1]

Core Viewpoint - Dongfang Cable (603606.SH) and its wholly-owned subsidiary, Ningbo Haicable Research Institute Engineering Co., Ltd. (referred to as "Dongfang Haigong Institute"), have received multiple bid notifications, confirming their status as winning bidders for various projects totaling approximately 2.374 billion yuan, which accounts for 26.11% of the company's audited revenue for 2024 [1] Group 1: Project Wins - The company has secured bids for power engineering and equipment cables, including a framework procurement for 220kV AC power cables from the Southern Power Grid Company for 2025 and cable procurement for the Tangshan Letin offshore wind farm project [1] - In the subsea and high-voltage cable sector, the company won bids for ±500kV DC submarine and land cables for a project by Zhejiang Haifeng New Energy Company, as well as multiple projects related to offshore wind farms [1] - The company also won contracts in marine equipment and engineering operations, including construction for the Southern Power Grid Company's offshore wind flexible direct current transmission project [1]

证券代码：603606 证券简称：东方电缆 公告编号：2025-038 宁波东方电缆股份有限公司及子公司 关于中标海陆缆产品及敷设施工项目的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 近期，宁波东方电缆股份有限公司（以下简称"公司"）及全 资子公司宁波海缆研究院工程有限公司（以下简称"东方海工院"） 陆续收到相关中标通知书，确认公司及东方海工院为相关项目中 标人，现将重大项目中标情况公告如下： 一、中标概况 （一）电力工程与装备线缆（绿色输电设施） 南方电网公司2025年220kV交流电力电缆新增批次框架采购； 中电建华东院山东公司唐山乐亭海上风电场一期工程35kV、 220kV电缆及附件采购项目； （二）海底电缆与高压电缆（电力新能源） 浙江海风新能源公司浙江海风某项目±500kV直流海陆缆（二 标段），中标±500kV直流海缆、直流陆缆； 中能建广东院阳江三山岛五、六海上风电场集中送出工程项 目EPC总承包，500kV海缆供货及敷设工程； 中交三航局嵊泗7#海上风电项目66kV海缆； （三）海洋装备与工程 ...

每经AI快讯，10月16日，东方电缆（603606）(603606.SH)公告称，公司及全资子公司东方海工院近期 陆续收到中标通知书，确认中标南方电网公司2025年220kV交流电力电缆新增批次框架采购、中电建华 东院山东公司唐山乐亭海上风电场一期工程35kV、220kV电缆及附件采购项目等多个项目，中标金额合 计约23.74亿元，占公司2024年度经审计营业收入的26.11%。 ...

Core Viewpoint - The company, Dongfang Cable, has recently received multiple winning bids for various projects, which will positively impact its future operating performance [1] Group 1: Project Details - The company and its wholly-owned subsidiary, Ningbo Haicable Research Institute Engineering Co., Ltd., have confirmed their status as winning bidders for several projects [1] - The awarded projects include power engineering and equipment cables, submarine cables, high-voltage cables, and marine equipment and engineering operations [1] Group 2: Financial Impact - The total amount of the awarded projects is approximately 2.374 billion yuan, which accounts for 26.11% of the company's audited operating revenue for the fiscal year 2024 [1] - The successful bids are expected to have a positive effect on the company's future operating performance [1]

Investment Rating - The industry is rated as "Outperforming the Market," indicating an expected increase in the industry index relative to the broader market by over 10% in the next six months [49]. Core Insights - In the first half of 2025, the wind power industry chain experienced a recovery in performance, with total revenue reaching 179.40 billion yuan, a year-on-year increase of 29.35%, and net profit attributable to shareholders of 9.82 billion yuan, up 16.19% year-on-year [1][12]. - The second quarter of 2025 saw continued recovery in performance, with total revenue of approximately 108.97 billion yuan, a year-on-year increase of 32.66% and a quarter-on-quarter increase of 54.73% [1][12]. - The overall industry maintained high installation levels, with accelerated offshore project deliveries significantly improving the performance of the industry chain [1][12]. Summary by Sections Overall Industry Performance - The wind power industry chain's revenue for H1 2025 was 1794.02 billion yuan, with a year-on-year growth of 29.35%, and net profit of 98.24 billion yuan, up 16.19% [1][12]. - Q2 2025 revenue was approximately 1089.73 billion yuan, showing a year-on-year increase of 32.66% and a quarter-on-quarter increase of 54.73% [1][12]. Turbine Segment - The turbine segment saw revenue of 678.32 billion yuan in H1 2025, a year-on-year increase of 43.94%, while net profit was 21.72 billion yuan, a slight decrease of 3.10% year-on-year [2][20]. - In Q2 2025, revenue reached 436.88 billion yuan, with a year-on-year growth of 50.02% and a quarter-on-quarter growth of 80.95% [2][20]. Tower Segment - The tower segment's revenue for H1 2025 was 108.17 billion yuan, up 59.13% year-on-year, with net profit of 9.94 billion yuan, an increase of 43.60% [3][27]. - Q2 2025 revenue was 69.54 billion yuan, reflecting a year-on-year increase of 74.76% and a quarter-on-quarter increase of 80.03% [3][27]. Submarine Cable Segment - The submarine cable segment reported revenue of 646.70 billion yuan in H1 2025, a year-on-year increase of 14.60%, but net profit decreased by 3.74% to 39.42 billion yuan [4][34]. - In Q2 2025, revenue was 376.68 billion yuan, with a year-on-year growth of 13.09% and a quarter-on-quarter increase of 39.50% [4][34]. Other Segments - The bearing segment's revenue in H1 2025 was 40.44 billion yuan, up 34.15%, with net profit soaring by 1729.27% to 4.15 billion yuan [9][39]. - The forging segment achieved revenue of 70.43 billion yuan, a year-on-year increase of 60.72%, with net profit of 6.56 billion yuan, up 21.89% [40][40]. - The blade segment's revenue in Q2 2025 was 132.55 billion yuan, a year-on-year increase of 22.76%, with net profit of 8.58 billion yuan, up 131.33% [45][45].

智通财经APP获悉，美银证券发布研报称，对内地风电行业链维持正面看法。在风电装机需求韧性、风 机价格回升以及高毛利业务占比提升的带动下，行业盈利正持续复苏。 目前该行较看好电缆多于风机，因中天科技(600522.SH)和东方电缆(603606.SH)当前估值有所折让，而 风机企业估值已趋合理。该行将中天科技及东方电缆2026至27年净收入预测平均上调9%，目标价分别 升至24元及81元人民币，均获"买入"评级。 另外，该行将金风科技(02208)和明阳智能(601615.SH)2026至27年盈利预测平均上调8%及13%，以反映 海外与离岸风电业务加速增长。维持对金风科技H股及A股(002202.SZ)"中性"评级，目标价分别升至 14.5港元及17.3元人民币;明阳智能目标价升至18元人民币，评级"买入"。 ...