Woer (002130.SZ): Passes HKEX Hearing, Set to List on Main Board
NewTimeSpace News: According to information released by the Stock Exchange of Hong Kong Limited (HKEX), Shenzhen Woer Heat-Shrinkable Material Co., Ltd. (002130.SZ) passed the listing hearing of HKEX on January 27. China Securities Co., Ltd. International and China Merchants Securities Co., Ltd. International serve as joint sponsors. A global leader in the heat-shrinkable materials industry, the Company held a 20.6% global market share in 2024. It also ranks as the world's third-largest telecom cable manufacturer and China's largest high-speed copper cable manufacturer.
NewTimeSpace News: Shenzhen Woer Heat-Shrinkable Material Co., Ltd. (002130.SZ) passed the listing hearing for the Main Board of the Stock Exchange of Hong Kong Limited on January 27, 2026, with China Securities Co., Ltd. International and China Merchants Securities Co., Ltd. International acting as joint sponsors. As a world-leading manufacturer of heat-shrinkable materials and communication cable products, the Company's business spans electronic communications, power transmission, wind power generation and other sectors.
Per Frost & Sullivan's report, Woer Heat-Shrinkable Material captured a 20.6% global market share in the heat-shrinkable materials industry in 2024, securing the top position worldwide. It also ranks third among global telecom cable manufacturers with a 12.7% market share, and stands as China's largest high-speed copper cable manufacturer with a 24.2% global market share. Additionally, the Company ranks fifth among China's core new energy charging product manufacturers and first in China's cable accessories industry.
Financial data shows that the Company's revenue grew from RMB 5.337 billion in 2022 to RMB 6.920 billion in 2024, while its net profit increased from RMB 660 million to RMB 921 million over the same period. As of September 30, 2025, the Company holds 547 invention patents, demonstrating solid technological accumulation.
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