On the first day of trading, Shenzhen Woer Heat-shrinkable Material (09981) debuted and opened 0.05% higher in the morning session. The company is ranked fifth among global communication cable manufacturers.
Wol Specialty Material (09981) made its debut on the stock market, the announcement shows that the price per share is HK$20.09, with a total of 140 million shares issued, 200 shares per lot, and a net proceeds of approximately HK$2.734 billion. As of the time of writing, the stock has increased by 0.05% to HK$20.1, with a trading volume of HK$166 million.
Shenzhen Woer Heat-shrinkable Material (09981) made its debut on the market, with an announcement showing that each share was priced at 20.09 Hong Kong dollars, with a total of 140 million shares issued, and each lot consisting of 200 shares, resulting in a net amount of approximately 2.734 billion Hong Kong dollars. As of the time of this report, the price rose by 0.05% to 20.1 Hong Kong dollars, with a trading volume of 166 million Hong Kong dollars.
Public information shows that Shenzhen Woer Heat-shrinkable Material is one of the world's largest providers of heat shrink materials and communication cable products. According to data from Frost & Sullivan, based on global revenue projections for 2024, the company ranks fifth among communication cable manufacturers, with a global market share of 12.7%. The company ranks first in the global heat-shrink material industry, with a market share of 20.6% based on projected global revenue for 2024. In the global new energy vehicle power transmission product industry, the company ranks ninth in terms of global revenue projections for 2024, with a market share of 1.9%. In the global cable accessories industry, the company ranks seventh in terms of global revenue projections for 2024, with a market share of 2.5%.
It is worth noting that on February 13, the Shenzhen Stock Exchange issued an announcement stating that Shenzhen Woer Heat-shrinkable Material is not subject to a price stabilization period mechanism on the Hong Kong Stock Exchange, and after being listed on the A-share market for a full 10 trading days, in accordance with the relevant provisions of the "Shenzhen Stock Exchange Shenzhen-Hong Kong Stock Connect Business Implementation Measures," the Hong Kong stock connect securities list has been adjusted, with Shenzhen Woer Heat-shrinkable Material being added, and this adjustment will take effect from February 13, 2026.
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