The development prospects of the Pearl River cable industry are bright and Guangzhou Cable must move towards the world's high-end market

The planning of the use of wires and cables in China is very widespread, involving multiple occupations such as electric power, construction, communications, and manufacturing, and are closely related to various parts of the national economy. Wires and cables are also known as the "arteries" and "nerves" of China's national economy. They are used to transport electric energy, inform information, and manufacture all kinds of electromechanics, instruments, and meters. Some of them are essential to complete the conversion of electromagnetic energy. They are also the future electrification and information. The basic commodities necessary in a modernized society.

The wire and cable profession is the second largest profession in China after the automobile profession. The satisfaction rate of product varieties and the domestic market share both exceed 90%. In the international plan, the total output value of China's wire and cable has surpassed the United States, becoming the world's largest wire and cable producer. With the rapid growth of China's wire and cable industry, the number of new companies has continued to rise, and the overall level of professional skills has greatly improved.

"2015-2020 China's wire and cable occupational market demand forecast and investment strategic planning analysis statement" query data shows that the current global wire and cable market planning has exceeded 100 billion euros, and in the global wire and cable career plan, Asian shopping malls Planning accounts for 37%, European shopping malls close to 30%, American shopping malls accounting for 24%, and other shopping malls accounting for 9%.

In recent years, China’s Internet know-how has grown rapidly, and e-commerce has also flourished, which has created new keys to the growth of traditional Chinese companies. While traditional professions such as dressing and confession are embarking on the road of e-commerce, the wire and cable profession is not to be outdone, transforming in a chaotic manner, and has explored a new way of combining wires and cables with e-commerce.

The expansion on the Internet will open up the company's wider and wider shopping malls, and can optimize the resource allocation of the wire and cable profession and promote the healthy growth of the profession.

Why does the growth of wire and cable companies need to enter high-end shopping malls?

From the perspective of segmented shopping malls, high-end shopping malls have the characteristics of severe quality requirements and high entry barriers. There are not many domestic companies that can or may intervene in the competition of these segmented shopping malls. Most of these companies have full orders and superior dividend status. Their growth thoughts and growth trajectory have also been increasingly stared by their peers.

Like other products in the electrical industry, foreign companies are still in a leading position in high-end wire and cable shopping malls. Power cable companies from Europe and Japan have a reasonably high proportion of China's wire and cable markets, and foreign-funded companies have a significant advantage in high-end commodity markets.