SSE China Securities Net News Qrunning cable October 29 evening release of the third quarter results report shows that the company 2024 third quarter operating income of about 974 million yuan, an increase of 58.38%; attributable to shareholders of listed companies, net profit of about 0.28 billion yuan, an increase of 51.36%. 2024 the first three quarters of the company achieved operating income of about 2.607 billion yuan. increased by 27.39% year-on-year; net profit of about 0.86 billion yuan, increased by 13.47% year-on-year.
Qrunning Cable is a national high-tech enterprise, national specialization, speciality and new “small giant” enterprises, the main products are 500kV and below wire and cable, including power cable series products, electrical equipment wire and cable products, bare wire products three categories, widely used in electric power, energy, transportation, intelligent equipment, petrochemical, metallurgy, industrial and mining, communications, construction engineering, and so on. It is widely used in electric power, energy, transportation, intelligent equipment, petrochemical, metallurgy, industrial and mining, communication, construction and other fields, providing high-quality and efficient wire and cable products and engineering services for the State Grid and the South China Power Grid and its affiliated electric power companies, industrial and mining enterprises, various types of users of the construction project and distributors.
According to the information of Xinhua Grid and State Grid, in order to accelerate the construction of a new type of power system, promote the high-quality development of new energy, and promote large-scale equipment upgrading and transformation, the State Grid Corporation will complete 600 billion yuan of grid investment in 2024, exceeding the 600 billion yuan mark for the first time, with a new year-on-year increase of 71.1 billion yuan, and a growth rate of 13.4%, further increasing on the basis of 5.5% year-on-year growth rate in 2023 grid investment. Elevate.
