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Hebei Huatong Wires and Cables Group Co. Ltd.

Hebei Huatong Wires and Cables Group Co., Ltd. researches, develops, produces, and sells wires and cables in China and internationally. It operates through the Cable, Oil and Gas, and Aluminum segments. Its products include ESP cables, mining cables, rubber cables, low and medium voltage power cables, electrical equipment cables, and new energy cables, as well as umbilical tubes, intelligent coiled tubing, intelligent flat pack, ESPCP, and specialized oil and gas service vehicles. The company also supplies primary aluminium ingots, billets, and wire rods, and provides aluminium scrap recycling, technological research and development, customized solutions, offshore survey data acquisition, and professional equipment leasing and maintenance services. Founded in 1993, it is headquartered in Tangshan, China.

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Huatong Cable Releases 2026 Interim Report with Net Profit of 163 Million Yuan

Huatong Cable released its 2026 interim report on August 26, 2026. During the reporting period, the company achieved total operating revenue of 4.842 billion yuan and net profit attributable to the parent company of 163 million yuan. Net cash flow from operating activities was negative 490 million yuan, a decrease of 585 million yuan compared with the same period last year, down 619.40 percent year on year. The company's asset-liability ratio was 70.24 percent, up 3.17 percentage points from the previous quarter and up 9.22 percentage points from the same period last year. Gross margin was 17.53 percent, return on equity was 4.77 percent, and diluted earnings per share was 0.32 yuan. Inventory turnover was 1.60 times, down 10.24 percent year on year. The number of shareholders was 25,400, and the top ten shareholders held 48.01 percent of total share capital.
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Huatong Cable Terminates Convertible Bond Issuance of Up to 800 Million Yuan

Huatong Cable announced on the evening of July 20 that its board of directors has approved a proposal to terminate the issuance of convertible corporate bonds to non-specific investors. The company had previously planned to raise up to 800 million yuan for projects including the expansion of oilfield service continuous tubing and intelligent cable production. The company stated that the termination decision was made after considering factors such as operations and development plans, and will not have a material adverse impact on normal operations. In recent years, the company's profitability has been under pressure, with total liabilities surging from 2.677 billion yuan at the end of 2023 to 6.896 billion yuan at the end of the first quarter of 2026. The asset-liability ratio climbed to a record high of 67.07 percent at the end of the first quarter of 2026, mainly due to borrowing to construct overseas factories.
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