Orient Cable boosts subsidiary capital, reports strong Q3 growth

Ningbo Orient Wires & Cables Co., Ltd. (Orient Cable) announced a 300 million yuan capital increase for its wholly-owned subsidiary, Guangdong Orient Submarine Cable Co., Ltd. This investment, using Orient Cable's own funds, will raise the subsidiary's registered capital from 200 million yuan to 500 million yuan. The move aims to support business development, expand operations in southern China, the Greater Bay Area, and Southeast Asia, and enhance the subsidiary's operational and profitability capabilities.

The company concurrently released its Q3 2025 financial report, showcasing strong performance. For the first three quarters of 2025, total operating revenue reached 7.498 bn yuan, an 11.93% increase year-on-year. Net profit attributable to shareholders was 913.97 m yuan, a slight decrease of 1.95%. However, Q3 alone saw a significant 53.12% rise in net profit attributable to shareholders, primarily driven by increased revenue from high-value submarine and high-voltage cables.

Orient Cable will host an online performance briefing on October 30, 2025, from 13:00 to 14:45 on the SSE Roadshow Center platform. This event will allow investors to engage with the company’s management regarding the Q3 results and future strategic direction.