东方电缆：2026 年订单交付与新需求前景向好

Flash | 22 Jan 2026 12:52:32 ET │ 10 pages Ningbo Orient Wires & Cables (603606.SS) Positive Outlook on Order Execution and New Demand in 2026E CITI'S TAKE We hosted a call with the IR manager of NBO. Key takeaways: (i) NBO expects to deliver most of its order backlog, totaling over Rmb20bn by end-2025, during 2026-27E, including delivery of much high-voltage subsea cable orders likely in 2026E; (ii) management expects China offshore wind installation to be 10-12GW in 2026E and potentially up to 15GW p.a. i ...