Although the wire and cable industry is only a supporting industry, it accounts for 1/4 of the output value of China's electrical industry. It has a wide variety of products and a wide range of applications, involving industries such as power, construction, communication, and manufacturing, and is closely related to various sectors of the national economy. Wire and cable, also known as the "artery" and "nerve" of the national economy, are essential basic equipment for transmitting electrical energy, transmitting information, manufacturing various motors, instruments, and meters, and achieving electromagnetic energy conversion. They are necessary basic products in the future electrification and information society.
The wire and cable industry is the second largest industry in China after the automotive industry, with product variety satisfaction rates and domestic market share exceeding 90%. On a global scale, China's total output value of wires and cables has surpassed that of the United States, becoming the world's largest producer of wires and cables. With the rapid development of China's wire and cable industry, the number of newly added enterprises is constantly increasing, and the overall technical level of the industry has been significantly improved.
From January to November 2007, China's wire and cable manufacturing industry achieved a total industrial output value of 476742526 thousand yuan, an increase of 34.64% compared to the same period last year; Achieved a cumulative product sales revenue of 457503436 thousand yuan, an increase of 33.70% compared to the same period last year; The total cumulative profit achieved was 18808301 thousand yuan, an increase of 32.31% compared to the same period last year.
From January to May 2008, China's wire and cable manufacturing industry achieved a total industrial output value of 241435450000 yuan, an increase of 26.47% compared to the same period last year; Achieved a cumulative product sales revenue of 227131384000 yuan, an increase of 26.26% compared to the same period last year; The total cumulative profit achieved was 8519637000 yuan, an increase of 26.55% compared to the same period last year.
The sustained and rapid growth of the Chinese economy has provided a huge market space for cable products. The strong temptation of the Chinese market has made the world focus on the Chinese market. In the short decades of reform and opening up, the huge production capacity formed by the Chinese cable manufacturing industry has impressed the world. With the continuous expansion of China's power industry, data communication industry, urban rail transit industry, automobile industry, shipbuilding and other industries, the demand for wires and cables will also grow rapidly. There is still huge development potential for the wire and cable industry in the future.