- Business
- Yuan Cheng Cable Co., Ltd. (002692.SZ) engages in the research, development, production, and sales of wires and cables in China. The company offers power cables rated up to 500kV and below, including low-, medium-, and high-voltage varieties; new energy cables; class 1E K3 nuclear power plant cables; aluminum alloy cables; electrical equipment wires and cables; control and instrumentation cables; rubber-insulated cables; overhead insulated conductors rated 20kV and below; bare stranded conductors; parallel groove conductors; prefabricated branch cables; variable frequency cables; communication cables; flexible mineral-insulated cables; and magnesium oxide mineral-insulated cables, featuring properties such as flame-retardant, low smoke zero halogen, waterproof, rodent-proof, UV-resistant, fire-resistant, chemical-resistant, and irradiated. Its products serve industries including state grids, offshore engineering, nuclear power, military, intelligent equipment, rail transit, petrochemicals, digital communications, new energy, urban utility tunnels, electric power, transportation, airports, metallurgy, construction, and machinery, with applications across China and exports to over 40 countries. Founded in 2001 and headquartered in Yixing, Jiangsu Province, China, the company, affiliated with Wuxi Guolian Development (Group) Co., Ltd., listed on the Shenzhen Stock Exchange in 2012, changed its name from Recon Wenyuan Cable Co., Ltd. in January 2019, and recently saw its wholly-owned subsidiary Wuxi Yude Cable Technology Co., Ltd. renamed to Yuan Cheng Composite New Materials (Jiangsu) Co., Ltd. to produce carbon fiber conductors and green intelligent overhead conductors. In May 2024, it entered a share subscription agreement with existing investor Wuxi Suxin Industry Optimization Adjustment Investment Partnership, issuing 91.6 million A shares at CNY 3.22 each for gross proceeds of CNY 295 million, increasing the investor's stake to 27.38%, subject to regulatory approvals. In 2025, the company held its semi-annual operations analysis meeting in July to review performance and plan priorities.