The invention discloses cable manufacturing equipment which comprises a pay-off rack. The pay-off rack comprises a frame, a loose tube reel wound with a loose tube, a tray for holding the loose tube reel and a lifting device for lifting the tray. The lifting device comprises a lifting block arranged horizontally and a driver for driving the lifting block. Vertical polished shafts are fixedly mounted on two sides of the frame, and the lifting block sleeves the polished shafts and are capable of moving along the polished shafts. In the vertical moving process of the lifting block, vertical stroke is generated on the fixed track along the vertical polished shafts, horizontal rotation is avoided, damage of the equipment is avoided, and stability of the equipment is improved.