东方电缆(603606.SH)：上半年净利润4.73亿元，同比下降26.57%

Group 1 - The core viewpoint of the article is that Oriental Cable (603606.SH) reported a revenue increase of 8.95% year-on-year for the first half of 2025, but net profit decreased by 26.57% [1] - The company achieved an operating income of 4.432 billion yuan and a basic earnings per share of 0.69 yuan [1] - The decline in net profit is attributed to changes in product revenue structure and a significant drop in high-value marine equipment revenue [1][1] Group 2 - Revenue from power engineering and equipment cables increased by 24.85% year-on-year, but this segment has a lower added value [1] - Despite growth in revenue from submarine cables and high-voltage cables, the added value decreased due to changes in the revenue structure of submarine cable products [1] - The marine equipment and engineering operation and maintenance revenue saw a significant decline of 44.61%, primarily due to a drop in high-value marine equipment revenue [1]