On the morning of July 23, 2025, the groundbreaking ceremony for the construction of the new energy special cable intelligent factory project of Changzhou Bayi Cable Co., Ltd. was grandly held in the Innovation Avenue factory area of the Photovoltaic Industry Park. Government and enterprise representatives jointly hold the gold shovel to cultivate the soil and lay the foundation for this intelligent manufacturing base with a total investment of 210 million yuan.

As a national level specialized and innovative "little giant" enterprise, Bayi Cable has been deeply involved in the field of special cables for 22 years. It is a wholly-owned subsidiary of Qingdao HanCable Co., Ltd. (stock code: 002498) and leads the industry in nuclear grade instrumentation and control cable technology. Its products cover key areas such as nuclear power, new energy, petrochemicals, and mobile communications, serving multiple national key projects. In the past three years, its operating income has grown at an average annual rate of over 18%.

The intelligent factory that started construction this time has a building area of 12136.97 square meters, and will introduce 74 advanced equipment such as 3.0Mev irradiation accelerators, extruders, cable forming machines, AGV intelligent cars, etc., synchronously promoting the intelligent transformation of the production line. It is expected that after completion and production in 2026, it will increase the production capacity of 91000 kilometers of new energy special cables per year.

This is a leap from 'manufacturing' to 'intelligent manufacturing', "said Mr. Zhang Ligang, Chairman of HanCable Co., Ltd. in his speech. As the parent company, HanCable Co., Ltd. will continue to inject technology empowerment, resource collaboration, and financial security into Bayi, creating a digital benchmark that integrates research and development, production, and warehousing, and providing higher quality cable solutions for fields such as nuclear power, new energy, and communication. After production, the company will increase its annual output value by 500 million yuan.

Accompanied by the sound of salutes, the guests waved shovels together to cultivate the soil, laying the first foundation for the project and witnessing this moment that carries the dream of industrial upgrading.