The profit for a single quarter reached a record high. Why does the market still think Dongfang Cable is not good enough? | Insightful Research
The expectations of the wind power cable market are becoming more and more chaotic. Poor performance markets will feel that there is a problem with the industry's prosperity, and if the performance is good, they also have to worry about future order delays. How do you view the performance of wind power cable companies? 01 Dongfang Cable's net profit increased 18%. The Q2 single quarter was the same as when it was rushed to install in '21, but the market was not satisfied. On August 4, Dongfang Cable announced its semi-annual performance report. Revenue for the first half of 2023 was about 3.688 billion yuan, a decrease of 4.44% over the previous year; net profit from Dongfang Cable was about 617 million yuan, an increase of 18.08% over the previous year. Net profit for the Q2 quarter was 361 million yuan, an increase of 47.95% over the previous year.
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