New stock news | Leading company in heat-shrinkable materials and communication cables, Shenzhen Woer Heat-shrinkable Material (002130.SZ), passes the hearing at the Hong Kong Stock Exchange.

According to the disclosure on January 27th by the Hong Kong Stock Exchange, Shenzhen Woer Heat-shrinkable Material Co., Ltd. (abbreviated as Shenzhen Woer Heat-shrinkable Material, 002130.SZ) held a listing hearing on the main board of the Hong Kong Stock Exchange. China Securities Co., Ltd. International and CMSC International acted as its joint sponsors. The prospectus shows that Shenzhen Woer Heat-shrinkable Material is one of the world's largest manufacturers of heat-shrinkable materials and communication cable products, playing a critical role in various applications in these industries. The company generates revenue mainly from the development, manufacturing, and sales of electronic material products and communication cable products, widely used in IT infrastructure including data centers, new energy vehicles, AUTOMATED SYS, Siasun Robot & Automation, and smart consumer electronic products. It also provides power transmission products for new energy vehicles, power grids, power stations, and rail transportation for safe and reliable power transmission. According to Frost & Sullivan data, the company is ranked first in the global heat-shrinkable materials industry, holding a 20.6% market share based on global revenue projections for 2024. In the global telecommunications cable manufacturers (including high-speed copper cables), the company ranks third with a market share of 12.7% based on global revenue projections for 2024. It is worth noting that in 2024, based on global revenue, the company is the largest high-speed copper cable manufacturer in China, holding a 24.2% market share. Based on 2024 revenue in China, the company ranks fifth among Chinese manufacturers in the automotive core charging products industry and first among manufacturers of cable accessories in the cable accessories industry. The company has established long-term partnerships with enterprises in industries such as AI, telecommunications, new energy vehicle manufacturing, energy, and power. The company strategically locates its manufacturing bases close to customers to efficiently meet production and supply chain management needs. As of September 30, 2025, the company has nine manufacturing bases in China and an overseas factory in Vietnam. In terms of finances, for fiscal years 2022, 2023, 2024, and the nine months ending on September 30, 2025, the company achieved revenues of approximately RMB 5.337 billion, RMB 5.719 billion, RMB 6.92 billion, and RMB 6.077 billion respectively. During the same periods, the company reported net profits of approximately RMB 660 million, RMB 758 million, RMB 921 million, and RMB 883 million respectively.