What is the gross profit margin of the cable factory?

The gross profit margin of cable factory is above 15% on average.

The gross profit margin of wire and cable industry in China remained above 15% from 20 17 to 202 1 year. Although it reached a high point at 20 19, it showed a downward trend afterwards. By 202 1, the gross profit margin had dropped to 15.55%, which was the first time that it fell below 16% in recent five years. This change reflects the impact of intensified competition in the industry and fluctuations in raw material prices. Overall, the gross profit margin of the wire and cable industry still has room for improvement, but the profitability of the industry needs to be strengthened.