Page 13 - Analysis Report of Global Market in the Submarine Cable Field (2017)

List of "the Top 100 enterprises in the wire and cable industry of China in 2017"

Standard value weighted of the financial data(70% weight)
The ratio of The average growth The average growth
Return Return Sales revenues
Sales Net Net international rate of sales rate of net profit
Company revenues assets profit on total on net contribution revenue to total revenues for the for the last Source of financial data
assets assets per employee sales revenues last three years three years
weight weight weight weight weight weight weight weight weight
18% 13% 13% 8% 8% 5% 6% 14% 15%
Taxationǃresearch ˂ survey
Jin Huan Yu 0.0760 -0.0173 0.0010 0.0036 -0.0117 0.0396 -0.0026 -0.1013 0.0330 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Sichuan Chndo Cable 0.0623 -0.0324 -0.0021 0.0028 0.0210 0.0238 -0.0020 -0.0521 -0.0012 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Zhejiang Ship Group 0.0256 -0.0163 0.0034 0.0412 0.0921 0.0089 0.0112 -0.1143 -0.0320 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Shanghai Shenmao 0.0500 -0.0108 0.0004 0.0063 -0.0097 0.0316 -0.0018 -0.0503 0.0037 information˗self-reported figures
and grid companies' tender results
Annual report of
Guangdong Huasheng 0.0286 0.0362 0.0015 -0.0031 0.0091 0.0148 -0.0015 -0.1128 0.0400 listed company
Taxationǃresearch ˂ survey
Dongfeng Wire&Cable 0.1087 -0.0007 0.0021 0.0079 0.0088 0.0261 -0.0026 -0.1400 -0.0036 and grid companies' tender results
information˗self-reported figures
Annual report of
Ronsen Super Micro-wire 0.0358 0.0472 -0.0024 -0.0147 -0.0509 0.0093 0.0095 -0.0435 0.0132 listed company
Taxationǃresearch ˂ survey
Guangdong Rifeng 0.0309 -0.0117 0.0012 0.0078 -0.0022 0.0337 -0.0026 -0.0935 0.0393 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Anhui Siait 0.0119 -0.0178 0.0012 0.0378 0.0808 0.0280 -0.0026 -0.1400 -0.0022 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Anhui Hualing 0.0029 0.0204 0.0030 0.0238 0.0341 0.0258 -0.0026 -0.1400 -0.0060 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Shanghai Panda 0.0005 -0.0236 0.0061 0.0232 0.0513 0.0405 -0.0026 -0.1400 0.0006 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Guangdong Ltk Cable 0.0326 -0.0250 -0.0009 -0.0050 -0.0208 -0.0186 0.0060 -0.0041 -0.0089 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Jiangsu Shuangdeng 0.0321 -0.0311 -0.0013 0.0164 0.0574 0.0142 0.0077 -0.1400 -0.0125 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Anhui Huaneng Cable 0.0191 0.0087 0.0011 0.0120 0.0178 0.0320 -0.0026 -0.1400 -0.0079 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Chongqing yufeng 0.0479 -0.0348 0.0015 0.0150 0.0134 0.0354 -0.0026 -0.1400 -0.0003 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Toly Electric 0.0335 -0.0368 0.0003 0.0066 -0.0105 0.0428 -0.0026 -0.1400 0.0079 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Kunming Cable 0.0689 -0.0118 -0.0024 -0.0065 0.0171 0.0150 -0.0026 -0.1400 -0.0424 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Hebei ChangFeng 0.0608 -0.0244 -0.0014 -0.0060 -0.0135 0.0180 -0.0011 -0.1400 0.0022 information˗self-reported figures
and grid companies' tender results
Shangdong Xinneng Taishan 0.1384 0.0150 -0.0024 -0.0138 -0.0095 0.0149 -0.0026 -0.1400 -0.1069 Annual report of
listed company
Chengdu Putian Cable 0.0967 0.0206 -0.0025 -0.0116 -0.0395 0.0137 -0.0026 -0.1400 -0.0445 Annual report of
listed company
Taxationǃresearch ˂ survey
Shanghai Yongjin 0.0023 -0.0275 -0.0015 -0.0044 0.0117 0.0406 -0.0013 -0.1400 -0.0012 information˗self-reported figures
and grid companies' tender results
JiuSheng Electric 0.0090 -0.0342 -0.0012 0.0072 0.1054 0.0208 -0.0026 -0.1400 -0.0954 Annual report of
listed company
Taxationǃresearch ˂ survey
NARI Huaisheng Cable 0.0726 -0.0390 -0.0027 -0.0214 -0.0225 0.0284 -0.0026 -0.1400 -0.0100 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Xi'an XD 0.0620 -0.0328 -0.0030 -0.0227 -0.0479 0.0116 -0.0026 -0.1400 0.0077 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Valin Wire&Cable 0.0159 -0.0176 -0.0022 -0.0131 -0.0257 0.0215 -0.0026 -0.1400 -0.0051 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Jin Lian Yu Cable 0.0041 -0.0447 -0.0015 -0.0120 -0.0342 0.0201 -0.0026 -0.1100 0.0054 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Guangdong Vango Cable 0.0090 -0.0376 -0.0028 -0.0188 -0.0217 0.0129 -0.0018 -0.1400 0.0225 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
Jiaozuo Railway Cable -0.0018 -0.0336 -0.0030 -0.0210 -0.0436 -0.0001 -0.0019 -0.0800 0.0020 information˗self-reported figures
and grid companies' tender results
Taxationǃresearch ˂ survey
information˗self-reported figures
Zhonglan Group 0.0130 -0.0252 -0.0029 -0.0197 -0.0450 0.0333 -0.0026 -0.1400 0.0006 and grid companies' tender results
Taxationǃresearch ˂ survey
Wuxi Mingzhu 0.0040 -0.0254 -0.0018 -0.0039 0.0012 0.0242 -0.0026 -0.1400 -0.0469 information˗self-reported figures
and grid companies' tender results
Note 1: Enterprises qualified for the competitiveness selection in the wire and cable industry of China shall have 2 or more items of relevant products as core businesses.
Note 2: For sales revenues and net profit indicator, due to enterprises’ sales revenues from diversified products revenues, the data we collect is based on the revenues of relevant products of wire and cable business and net profits of relevant wire and cable
products. The net profit rate will be calculated by relevant products contribution rate in sales revenues, if the enterprise listed does not reveal net profit of relevant products in its annual report. Net asset data is collected from the wire and cable group of the
enterprise.
Note 3: As for the other six indicators (of return on net assets, return on total assets, sales revenues contribution per employee, the ratio of international revenue to total sales revenues, the average growth rate of sales revenues for the last three years and the
average growth rate of net profit for the last three years), we refer to the released annual reports of the enterprises listed in the rankings, and make no more in subdivision.
Note 4: Return on net assets can be defined in different formula. To avoid the incomparable problem of net profit caused by the different corporate income tax rate in listed companies and unlisted companies, we define the molecular in the formula as net profit
before tax instead of net profits. The formula of calculating return on net assets is: Return on net assets=net profit before tax/ net assets; Return on total assets=Net profits before tax/ total assets.
Note 5: From the monitoring data, it is found that if the enterprise competitiveness comes mainly from the increase indicators (that is, the average growth rate of revenues for the last three years & the average growth rate of net profit for the last th ree years),
the monitoring data of the enterprise competitiveness is usually unstable. The main reason for the enterprise competitiveness instability is that the original sales revenues base in these enterprises was small and the increasing sales revenues of recent 2 years
make the average growth rate of the past 3 years far higher than the industry average level. The extremely high standard value of a certain indicator in the company may cause the standard value of financial data competitiveness index over high on the whole.
But in the second or third years, when the growth rate of sales revenues drops to the normal average level and instead there is no higher growth in the other indicators, the monitoring index of the enterprise competitiveness will decline significantly. To avoid
the impact of abnormal change in financial indicators on the objectivity of the enterprise competitiveness evaluation, we find a practical way to improve it. That is, we set the upper and low limit of standard value in the increase indicators (the average growth
rate of revenues for the last three years & the average growth rate of net profit for the last three years) within [-1,1]. With the consistency of statistical test, the overdone impact on overall standard value of financial data by the abnormal data of growth index
can be eliminated.
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