国金证券给予东方电缆买入评级：存货、合同负债高增，下半年业绩望加速释放

Group 1 - The core viewpoint of the report is a "buy" rating for Dongfang Cable (603606.SH) with a latest price of 51.39 yuan [2] - Short-term performance is slightly under pressure due to the revenue recognition cycle of offshore wind projects [2] - There is a significant increase in inventory and contract liabilities, indicating a promising acceleration in performance in the second half of the year [2] - The company maintains a high level of orders on hand, with expectations for accelerated order acquisition in the second half of the year [2]