Core Insights - The cable industry is essential for energy transmission, information transfer, and electromagnetic energy conversion, serving various sectors including energy, communication, transportation, and construction [1] Group 1: Industry Overview - The cable industry is referred to as the "blood vessels and nerves" of the national economy, with applications in energy systems, communication networks, transportation signal control, and building automation systems [1] - The Asia-Pacific Cable Industry Association and the Cable Information Research Institute released the "Top 20 Most Competitive Companies in the Global Cable Industry" list, which evaluates companies based on both financial metrics and qualitative factors [4] Group 2: Competitive Landscape - The top 20 cable companies are from 9 countries, with China dominating the list, holding half of the positions, followed by Japan with 3, and Italy, France, the USA, Denmark, South Korea, Germany, and Poland each with 1 [4] - Jinbei Electric, a new entrant, replaced Zhongli Group, ranking 13th with a score of 858, showcasing its growth in the high-end application sectors like UHV and new energy vehicles [4] - Hengtong Group, ranked 2nd, has expanded its global footprint with 12 overseas production bases and has undertaken over 100 global projects, enhancing its competitive edge in the AI era [6] Group 3: Financial Performance - Prysmian Group, ranked 1st, reported a sales revenue of €17.026 billion (approximately ¥140.5 billion) with a year-on-year growth of 10.9%, and a net profit of €729 million, up 37.8% [8] - In the first half of the year, Prysmian's revenue reached €9.654 billion, a 23.5% increase, largely due to the acquisition of Channell, a leading US connection solutions provider [9]