Morning Cable achieved an operating income of approximately RMB 923 million in the first half of 2023, an increase of 5.35% year-on-year; net profit attributable to shareholders of the listed company was approximately RMB 34 million, an increase of 27.88% year-on-year. Products of 110kV and above increased by 83.16% compared with the same period of last year, mainly due to the delayed delivery of some orders of the company at the end of 2022 due to the frequent occurrence of domestic epidemic and the circulation of industrial chain. Equipment power cables and overhead cables decreased by 53.71% and 59.24% respectively compared with the same period of last year, mainly due to the influence of the company's bidding situation in State Grid and South Grid.
The "220kV Cross-linked Polyethylene Insulated Composite Smooth Aluminum Sheath Power Cable Product" and "330kV Cross-linked Polyethylene Insulated Composite Smooth Aluminum Sheath Power Cable Technology" developed by the company have been identified by the China Power Enterprise Federation as products and technologies that have reached the international leading level of similar products.

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