Company Encyclopedia
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NBO
603606.SH
Ningbo Orient Wires & Cables Co.,Ltd. provides land and subsea cable solutions in China and internationally. The company offers subsea cable systems for intercontinental power transmissions; inter array AC subsea cables, export cables, and dynamic IAC products for offshore renewables; and dynamic and umbilical cables for oil and gas sector. It also provides land cable systems for smart grids, smart homes, transportation, smart telecommunication, electrical equipment, and green petrochemical applications.
5.714 T
603606.SHMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
B
Electrical Components and EquipmentIndustry
Industry Ranking11/259
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreB
    • ROE13.58%B
    • Profit Margin10.01%B
    • Gross Margin23.10%D
  • Growth ScoreB
    • Revenue YoY14.24%B
    • Net Profit YoY-10.83%D
    • Total Assets YoY17.82%A
    • Net Assets YoY10.94%B
  • Cash ScoreB
    • Cash Flow Margin999.18%B
    • OCF YoY14.24%B
  • Operating ScoreB
    • Turnover0.77B
  • Debt ScoreC
    • Gearing Ratio45.13%C

Valuation analysis

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Institutional View & Shareholder

Analyst Ratings

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    News
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    NBO released its performance for the first three quarters, with a net profit attributable to the parent company of 914 million yuan, a year-on-year decrease of 1.95%

    According to the Zhitong Finance APP, NBO disclosed its third-quarter report for 2025. The company achieved a revenue of 7.498 billion yuan in the first three quarters, a year-on-year increase of 11.93%; the net profit attributable to the parent company was 914 million yuan, a year-on-year decrease of 1.95%; the net profit excluding non-recurring gains and losses was 902 million yuan, a year-on-year increase of 6.45%; the basic earnings per share were 1.33 yuan

    Zhitong·
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    NBO: Net profit in the third quarter was 441 million yuan, a year-on-year increase of 53.12%

    NBO announced that its revenue for the third quarter was 3.066 billion yuan, a year-on-year increase of 16.55%; net profit was 441 million yuan, a year-on-year increase of 53.12%. Revenue for the first three quarters was 7.498 billion yuan, a year-on-year increase of 11.93%; net profit was 914 million yuan, a year-on-year decrease of 1.95%

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    NBO won the bid for the marine and land cable products and installation construction project, with a total amount of approximately 2.374 billion yuan

    According to the Zhitong Finance APP, NBO announced that recently, the company and its wholly-owned subsidiary Ningbo Submarine Cable Research Institute Engineering Co., Ltd. (hereinafter referred to as "Oriental Marine Engineering Institute") have successively received relevant bid notification letters, confirming that the company and the Oriental Marine Engineering Institute are the successful bidders for the relevant projects. The total amount of the projects won by the above companies and the Oriental Marine Engineering Institute is approximately 2.374 billion yuan, accounting for 26.11% of the company's audited operating income for the year 2024

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    Bank of America Securities: Expects the profitability of the onshore wind power industry to continue to recover, optimistic about cable companies more than wind turbine companies

    Bank of America Securities released a research report stating that it maintains a positive outlook on the onshore wind power industry chain. Driven by the resilience of wind power installation demand, the rebound in turbine prices, and the increase in the proportion of high-margin businesses, the industry's profitability is continuously recovering. Currently, the bank is more optimistic about cables than turbines, as Zhongtian Technology and Dongfang Cable are currently undervalued, while turbine companies' valuations have become reasonable. The bank has raised its net income forecasts for Zhongtian Technology and Dongfang Cable for 2026 to 2027 by an average of 9%, with target prices raised to RMB 24 and RMB 81, respectively, both rated "Buy." Additionally, the bank has raised its profit forecasts for Goldwind and MYSE for 2026 to 2027 by an average of 8% and 13%, respectively, to reflect the accelerated growth of overseas and offshore wind power businesses. It maintains a "Neutral" rating on Goldwind's H shares and A shares, with target prices raised to HKD 14.5 and RMB 17.3, respectively; MYSE's target price is raised to RMB 18, rated "Buy."

    Zhitong·
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    SH
    601615
    +3.87%
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    Wind power concept stocks have performed impressively this year, with institutions predicting that the performance of ten stocks is expected to continue high growth

    According to statistics from Securities Times·Data Treasure, nearly 60 wind power concept stocks have averaged a 33.65% increase in 2023, with only 7 stocks experiencing a price decline. Institutions hold an optimistic view on the long-term development of the wind power sector, predicting that several stocks will achieve over 20% net profit growth in 2025 and 2026. In particular, NBO is expected to see its net profit grow by 58.83% and 31.56% in 2025 and 2026, respectively

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