Since 2020, the selection of top competitiveness enterprises in the global cables industry has been successfully carried out for four consecutive years. With its objective, professional, fair and impartial selection system and selection process, it has won a high reputation among industry experts and widely recognized by enterprises. The evaluation system of global cables industry competitiveness is composed of direct measurement index accounting for 70% proportion and indirect measurement index accounting for 30% proportion. With the financial data published in the annual report of listed enterprises, the factors that affect the basic data of the competitiveness of enterprises are divided into scale sub-factor, growth sub-factor and efficiency sub-factor. The sub-factors of scale after integration include sales revenue, net assets and net profits. The sub-factors of efficiency include the rate of return on total assets, the rate of return on net assets, the contribution rate of total labor, and the proportion of export revenue in sales revenue. The growth sub-factors include the average growth rate of sales revenue and net profit in recent three years. The indirect measurement data of soft indicators are summarized into more than 60 indicators, such as technological innovation, customer satisfaction, brand awareness, entrepreneur and management level and corporate culture, reflecting the various dimensions of enterprise competitiveness. With reference to the international general evaluation system, the evaluation system of global cables industry competitiveness can better and more comprehensively reflect the competitiveness of the global cables industry enterprises.
As the global economy has been gradually recovered this year, the cables industry has ushered in new development opportunities. The cables industry served as one of the important fields of manufacturing industry, it has a wide application prospect in energy, electric power, communications and other fields. In the future, the global wire and cable market will continue to grow steadily with rising demand for electricity and energy in the commercial, industrial and residential sectors, and with increased investment in smart grid development and smart system upgrades for transmission and distribution. The rapid development of the new energy vehicle industry has driven strong demand for automotive wiring harnesses and automation businesses. Notably, due to the Russia-Ukraine conflict and the ongoing energy crisis, Europe has increased its demand for renewable energy, resulting in a sharp increase in the global demand for land and subsea power interconnections and wind farm cables, which will spur the expansion of projects by companies in the global cables industry.
With the purpose of enhancing the competitiveness of enterprises and sustainable development of the industry, the jury will not only focus on the present, but also look to the future. In the future, the jury will be committed to providing valuable reference for the analysis of the competitiveness of the global cables industry, continue to deepen and improve the selection work, and actively promote the high-quality development of the cables industry!