Shenzhen Woer Heat-shrinkable Material (09981) released its first quarter financial performance with a net profit attributable to the parent company of approximately 2.31 billion yuan, a decrease of 7.63% year-on-year.

Shenzhen Woer Heat-shrinkable Material (09981) announced that in the first quarter of 2026, its operating income was approximately 2.032 billion yuan, a year-on-year increase of 15.52%; net profit attributable to shareholders of the listed company was approximately 231 million yuan, a year-on-year decrease of 7.63%; basic earnings per share were 0.1726 yuan. The announcement stated that the decrease in net profit was mainly due to: 1. Although the company's operating income has increased compared to the same period last year, the high-margin revenue from high-voltage products and wind power businesses has declined, and the continuous increase in raw material prices has not yet been passed on to current product prices, leading to a decrease in overall gross margin. 2. The company continues to expand its business to increase its market share; constantly developing new products and optimizing product performance to enhance the company's competitive advantage, resulting in increases in sales expenses, management expenses, and research and development expenses compared to the same period last year. 3. Due to the continuous decline in exchange rates of foreign currencies such as the US dollar and Hong Kong dollar, the company's exchange losses have increased, leading to an increase in financial expenses.