Market sources indicate that Shenzhen Woer Heat-Shrinkable Material Co., Ltd. (002130.SZ) is currently conducting pre-marketing for its upcoming listing, with plans to raise between $300 million and $400 million. According to disclosures from the Hong Kong Stock Exchange, Shenzhen Woer passed the listing hearing for the main board on January 27, with China Securities (CSC International) and China Merchants Securities International acting as its joint sponsors. Public information shows that Shenzhen Woer was founded in 1998 and listed on the Shenzhen Stock Exchange in 2007. It is one of the world's largest manufacturers of heat-shrinkable materials and communication cable products, with primary businesses including electronic communication, power transmission, and other operations. According to data from Frost & Sullivan, the company ranks first globally in the heat-shrinkable materials industry, accounting for 20.6% of the global market share by revenue in 2024. By global revenue in 2024, the company ranks third among worldwide telecommunications cable manufacturers (covering high-speed copper cables), holding a 12.7% share of the global market. Financially, for the years 2022, 2023, 2024, and the nine months ended 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, it recorded annual/period profits of approximately RMB 660 million, RMB 758 million, RMB 921 million, and RMB 883 million.
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