Reviewing Plans to Expand IR Activities
to Enhance Corporate and Shareholder Value
Daehan Electric Wire & Cable announced on the 6th that it secured new projects worth 3.7 trillion KRW last year, achieving more than double the previous year's 1.8 trillion KRW, marking the largest scale in its history.
As of the end of last year, the order backlog stood at 2.8 trillion KRW, a 63% increase compared to the previous year. The debt ratio decreased from 266% in 2021 to 77% at the end of last year. Additionally, the company maintained a sound financial structure with a current ratio of 193% and a debt dependency ratio of 30%.
This year, the company plans to complete the comprehensive construction of its first submarine cable plant in the first half and start operating the second plant in 2027 to actively respond to the growing demand for submarine cables. Daehan Electric Wire & Cable shared this information during an investor relations (IR) session held yesterday at NH Financial Tower in Yeouido, Seoul, targeting institutional investors and analysts.
No Jae-jun, Head of Financial Management at Daehan Electric Wire & Cable, stated, "With power infrastructure investments such as the replacement of aging power grids accelerating mainly in the US and Europe, a favorable market environment is expected this year as well." He added, "As interest in the company increases due to the global boom in the wire and cable industry, we will expand IR activities to introduce our future vision and business status in detail and strengthen close relationships with the market and shareholders."
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