JD Capital-invested Yangzhou Shuguang Cable Listed on NEEQ
2015-04-30
ecently, Yangzhou Shuguang Cable Co., Ltd. (Shuguang Cable, 832292), one of JD Capital’s investees, was officially listed on the National Equities and Exchange Quotations (NEEQ).
With its products widely used in electricity, metallurgy, oil, petro-chemistry, railway and telecommunication industries, Shuguang Cable has been focusing on manufacture and sales of power cables, cables for electric equipment, special cables, etc. It has provided auxiliary products and services for key engineering projects both home and abroad, such as State Gird, Southern Power Gird, Three Gorges, Datang Tuoketuo Power Plant, Qinshan Nuclear Power Plant, Sanmen Nuclear Station, Changqing Oilfield, Changchun Railway Traffic, Zhongnanhai Substation, Qinghai-Tibet Railway, Wuhan Iron and Steel Group, BASF-YPC Company, Sino-Burma Oil and Gas Pipelines; and therefore it won many awards for technical management. Focusing on core technologies, Shuguang Cable has developed a chain consisting of sample design, product manufacture, quality control and product marketing, and based its production on sales prospects. Through many years’ operation, its modes of profit, sales and procurement have gradually become well-established.
As the second largest mechanic industry after auto industry, the manufacturing of cables and cords plays a significant supporting role in national economy. The products are widely used in electricity, energy, transportation, telecommunication, auto industry, petro-chemistry, etc. As an economic lifeline for electrification and informatization, they are essential and indispensable for power transmission, information delivery and electromagnetic energy conversion, as well as the manufacturing of a wide range of electrical machines, gauges and instruments. In recent years, with its total output value exceeding that of the US, Chinese cable industry has picked up steam, making China the world’s largest manufacturer of cables and cords.
JD Capital became Shuguang’s second largest shareholder in January 2012, holding 10% of the shares before the public transfer. So far, 29 of JD Capital’s investees have been listed on the NEEQ.