Orient Cable secures significant maritime, land cable contracts worth 2.37 bn yuan

Ningbo Orient Wires & Cables Co., Ltd. and its wholly-owned subsidiary, Ningbo Orient Offshore Engineering Institute Co., Ltd., have received multiple bid winning notifications for various projects. The total value of these successful bids amounts to approximately RMB 2.374 billion. This figure represents 26.11% of the company's audited operating income for 2024, indicating a substantial impact on future operating performance.

The awarded projects span several key areas. In power engineering and equipment cables, contracts include a 2025 220kV AC power cable framework procurement for China Southern Power Grid and cable supply for offshore wind farms in Tangshan and Shandong. For submarine and high-voltage cables, projects involve ±500kV DC submarine and land cables for Zhejiang Haifeng New Energy, and 500kV submarine cable supply and laying for offshore wind farms in Yangjiang, Guangdong.

Additionally, the company will supply 66kV submarine cables for other offshore wind farm projects in Yangjiang and Shengsi. In marine equipment and engineering operations and maintenance, the scope includes construction for China Southern Power Grid's offshore wind flexible DC transmission project and a floating offshore wind power construction project. The company cautions that contract signing and terms still have uncertainties, and future project execution may face risks from market, economic, political, or natural factors.