Company Overview

JIANGNAN GROUP LIMITED (“JIANGNAN GROUP” OR “COMPANY”, TOGETHER WITH ITS SUBSIDIARIES, “GROUP”)
IS ONE OF THE LARGEST MANUFACTURERS OF WIRES AND CABLES FOR POWER TRANSMISSION, DISTRIBUTION SYSTEMS AND ELECTRICAL EQUIPMENT IN THE PEOPLE’S REPUBLIC OF CHINA (“CHINA” OR “THE PRC”). THE GROUP’S PRODUCTS ARE WIDELY USED IN THE POWER INDUSTRY (INCLUDING GRID, POWER PLANT AND RENEWABLE ENERGY) AND GENERAL INDUSTRIES (INCLUDING METALS AND MINING, OIL AND GAS, TRANSPORTATION, SHIPBUILDING AND CONSTRUCTION).
The Group offers over 10,000 products under four main categories, namely power cables, wires and cables for electrical equipment, bare wires and special cables. The Group’s products carry different characteristics that meet customers’ needs, including low smoke and zero halogen, water resistant, heat resistant, optical and electric combined, flame retardant, fire resistant, oil resistant, rodent and termite proof, all-weather and radiation resistant.
The Group’s products are primarily marketed and sold under its " ", "
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” brand was recognised as a China Well-known Trademark (中國馳名商標) by the Trademark Office of the State Administration for Industry and Commerce of the PRC and awarded as the State Inspection-Free products. The Group’s products were also accredited as “Customer Satisfaction Products” by the China Association for Quality and National Committee for Customers in December 2007.
In 2017, the Group obtained “AEO Customs Advanced Certification”* (海關高級認證 AEO) from the Nanjing Customs Department of the PRC (中國南京海關).
In 2018, a subsidiary of the Company was also awarded the titles of “Standardisation of Electrical Industry — Model Enterprise of Good Practice“* (電器工業標準化良好行為示範企業), “ National Customer Satisfaction Enterprise“* (全國用戶滿意企業), ”Top 50 Original Industrial Brand Names in Jiangsu Province”* (江蘇省自主工業品牌五十強) and “Model Smart Workshop in Jiangsu Province”* (江蘇省示範智能車間). This subsidiary of the Company was also the only enterprise in Yixing being awarded the title of “Model Platform for Entrepreneurship and Innovation in the Manufacturing Sector of Jiangsu Province”* (江蘇省製造業「雙創」示範平台).
In 2019, 2020 and 2021, this subsidiary of the Company continued to be ranked as one of the top 500 Chinese Manufacturing Enterprises* (中國製造企業500強), one of the top 500 Chinese Private Enterprises* (中國民營企業500強) and one of the top 10 Most Competitive Cable Industry Players in China* (中國綫纜行業最具競爭力10強) . Moreover, this subsidiary of the Company was awarded the title of “International Famous Brands for Prioritised Cultivation and Development in Jiangsu Province”* (江蘇省重點培育和發展的國際知名品牌) in 2020 and “Industrial Product Green Design Demonstration Enterprise”* (工業產品綠色設計示範企業) in 2021.
The Group has strong research and development capabilities. The Group has established a research workstation and a state post-doctoral research workstation jointly with the academician of the China Academy of Engineering and China Academy of Science. The Group has also participated in the drafting and formulating of 68 national industry standards for the manufacturing processes of power cables, wires and cables for electrical equipment and bare wires. One of these standards was the standard for the rated voltage 0.6/1 kilovolt (“kV”) rubber insulation and sheathing wind power with twist-resistant flexible cables. This was the first standard for wind power cables in China. The Group has 387 patents that are material to the Group’s business in the PRC. Two of the most significant subsidiaries of Jiangnan Group in China, namely, Wuxi Jiangnan Cable Co., Ltd. (無錫江南電纜有限公司) (“Wuxi Jiangnan Cable”) and Jiangsu Zhongmei Cable Group Co., Ltd. (江蘇中煤電纜有限公司) (“Zhongmei Cable”), have been endorsed as High and New Technology Enterprises again by the Yixing Provincial Commission of Science and Technology and are entitled to a reduced PRC income tax rate of 15% until the next renewal of their endorsements in 2024 and 2023 respectively. The Group’s high-tech products include extra-high voltage (“EHV”) cables, ultra-high voltage (“UHV”) aluminum alloy bare wires, photovoltaic solar cables, cables used for wind power, optical fiber composite cables, aluminum-alloy cables, pulse width modulated inverter power supply cables for ships, flexible fire resistant cables, 27.5kV power cables for high-speed railways and high-voltage cables for new energy vehicles.
With its high quality products, renowned brands and good reputation, strong research and development capabilities as well as manufacturing and production capabilities, the Group has maintained a solid and wide customer base, including certain industry leaders in their respective industries. The Group has supplied products to many prominent infrastructure projects in China, such as those in relation to the Gezhouba hydro-electric power, the West-to- East Gas Pipelines, the National Olympic Sports Centre & six other stadiums for the 2008 Beijing Olympic Games, the Performance Center for the 2010 Shanghai World Expo, the Shanghai World Financial Center, the China Zun, the Beijing Capital International Airport, the Nanjing Lukou International Airport, the Shenzhen International Airport, the Power Transmission from West to East Project (the first ±800kV UHV direct current (“DC”) transmission system from Yunnan to Guangdong), the ±800kV UHV DC transmission line from Xiluodu to Jinhua, the ±1100kV UHV DC transmission project from Changji to Guquan, the No.5 line of the Shenzhen Metro Project, the No. 7 line of the Shanghai Metro Project, the No. 8 line of the Beijing Metro Project, the Ningtian Intercity Line Phase 1, the high speed railways from Fuzhou to Xiamen, the 2014 Youth Olympic in Nanjing, the Brunei PMB petrochemical Project, the Yellow River Delta National Nature Reserve Power Reconstruction Project, the BASF (Guangdong) Integration Project, the Baihetan Hydropower Station-Jiangsu Project, the Zhejiang UHV transmission line Project, the Beijing 2022 Winter Olympics venue Project and the China-Laos Railway Project. The Group is capable of producing cables to be used in extremely low temperature environments in the polar regions, which have been recognised as a Dedicated Product for China North & South Pole Research by the China Polar Region Research Center.
The Group’s products have been exported to more than 100 countries. In particular, the Group is a qualified supplier of Eskom Holding Limited (“Eskom”), which is a state-owned power generation and transmission company in South Africa, a fast growing market for power cables. The Group began to supply its products to Eskom in 2007 and the Group is a South Africa Bureau of Standard (SABS) certified manufacturer of wires and cables in the PRC that is allowed to supply power wire and cable products to South Africa. The Group also exports its products to reputable customers overseas, such as Power Works Pte Limited in Singapore, National Power Transmission Corporation in Vietnam and National Grid in the UK. The AEO Customs Advanced Certification awarded to the Group in 2017 enabled the Group to leverage on the convenient conditions of AEO’s customs clearance around the world to develop the global business of the Group.
* For identification purpose only