Hangzhou Cable Co.,Ltd. (603618) Wins Procurement Contract from China Coal Xinji Energy, Contract Value 17.35 Million Yuan

Deep News09-29

According to enterprise data, Hangzhou Cable Co.,Ltd. announced on September 29, 2025 that it has won a procurement contract from China Coal Xinji Energy Co.,Ltd. for a batch of cables at the Chuzhou Power Plant, with a contract value of 17.3453 million yuan.

Related listed company: Hangzhou Cable Co.,Ltd. (603618.SH)

Company Profile: Hangzhou Cable Co.,Ltd. (603618.SH) recorded operating revenue of 8.851 billion yuan in 2024, representing a growth rate of 20.17%. Net profit attributable to shareholders reached 138 million yuan, with a growth rate of 1.72%, and return on equity was 4.67%. For the first half of 2025, the company achieved operating revenue of 4.524 billion yuan, up 16.77% year-over-year, while net profit attributable to shareholders was 38 million yuan, down 46.27% year-over-year.

The company operates in the industrial sector, with communication cables as its main product category. According to its 2024 annual report, the main business composition includes: power cables 78.13%; conductors 10.02%; civilian wires 2.92%; optical cables 2.6%; copper foil 2.56%; plastic components 2.11%; optical fiber 1.07%; others 0.48%; and other businesses 0.11%.

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