Jiangnan Group

About Us

Chairman Statement

Group’s philosophy

As one of the best known large scale wires and cables manufacturer and marketing enterprise, adhering to honesty and hard working, Jiangnan Group aims to develop vigorously a better industry environment, to be among world-class brands and best international enterprises, to create social wealth, to realize staff value and to gain best return to the shareholders.

Continue to strike for business growth

In 2018, the Group will face significant development opportunities, as investments in infrastructure and heavyweight equipment will continue to grow in China under the “13th Five-Year Plan” and the “Made in China 2025” Program. Energy conservation and environmental protection will be the focus of economic developments in the PRC, which will lead to the extensive use of ultra-high-voltage conductors that the Group is capable to produce, which are mainly characterised by efficient performance with lower energy loss in power transmission.

In order to meet the continuous growth in demand for electricity in China, especially in the urban areas, it is inevitable that high-voltage power cables and extra-high-voltage power cables with such advantages, including enormous capacity, great reliability, and close to zero maintenance will gradually be used to replace lower-rated voltage power cables in the power distribution networks.

During the “13th Five-Year Plan” period, the total investments to be made in the construction of power distribution networks in the PRC are expected to reach more than RMB 1.7 trillion. According to the “13th Five-Year Plan”, by 2020, the high-voltage power distribution lines will reach a total length of 1.01 million kilometers, while the medium-voltage power distribution lines will reach a total length of 4.04 million kilometers. The “13th Five-Year Plan” also formulates the reconstruction of rural power distribution networks with a total investment amount exceeding RMB700 billion. The planned investments in the power grids have been evidenced by the total amount of investments made by SGCC in grid networks in 2016 and 2017 of RMB496.4 billion and RMB485.4 billion respectively. The planned investments of SGCC in grid networks in the PRC in 2018 will be RMB498.9 billion, representing an increase of approximately 2.8% as compared with those in 2017.

During the “13th Five-Year Plan” period, the total investments in transportation in the PRC will reach RMB 15 trillion, of which RMB3.5 trillion will be fixed investments in railways, RMB7.8 trillion in highways, RMB650 billion in civil aviation, and RMB500 billion in water transportation. By the end of the “13th Five-Year Plan” period, there will be more than 3,000 km of urban rail lines and 23,000 km of new railway lines put into operation. It is expected the investments in urban rail lines will reach RMB1.7 trillion to RMB2 trillion and the investments in railways will be not less than RMB3.8 trillion by the end of the “13th Five-Year Plan” period. All of the above will trigger an increase in the procurement of various cable products in China, which will benefit the development of the Group.

The “Belt and Road” Initiative will bring a historic opportunity to the transformation of the cable industry, as the production capacities of cable products and their output volumes will be boosted, while international cooperation between enterprises will be increasingly encouraged. In this regard, the Group will seize the opportunities arising from both the construction, reformation and upgrade of national grids, and the growing infrastructure projects to improve the Group’s turnover and market share by enriching the Group’s product mix and enhancing the quality of its products. At the same time, the Group will leverage on the experience of its business partners to strengthen its business development and cooperation in EPC projects, further upstream and downstream business expansions and international market development, and seek a new wave of fast development.

The Group believes that new growth drivers are emerging from the new normal of economy. The Group will seize the growth opportunities brought from the new emerging strategies. The Group’s advantages on technology, production scale and management team capability to carry out execution quickly and exercise countermeasures have well equipped itself to cope with any business growth opportunity arising from the upcoming power distribution network upgrade and the implementation of related projects in China. The Group is looking forward to achieving sustainable and stable business growth and to creating more fruitful returns for the shareholders and stakeholders.