On October 12, Wenfeng Optoelectronics (920296.BJ) opened its subscription, with an issue price of 11.45 yuan per share, a subscription cap of 1 million shares, and an issue price-to-earnings ratio of 13.51 times. It is listed on the Beijing Stock Exchange, with Guoyuan Securities serving as its sponsor.
According to the prospectus, Wenfeng Optoelectronics is mainly engaged in the research, development, production and sales of high-performance, high-reliability specialized cables and optoelectronic components. Its products are widely used in aviation, aerospace, weapons, military electronics, ships, nuclear industry and other fields. The company possesses scientific research and production capabilities in customized production of specialized cables, flexible manufacturing, precision testing and timely supply support, providing customers with reliable products and first-class service.
The company's products are mainly used in the military sector, with major customers including AVIC, CASC, CASIC, China North Industries Group, China South Industries Group, CETC, Changhong Electronics, China State Shipbuilding Corporation, China Academy of Engineering Physics and their subsidiary backbone enterprises and research institutes.
Wenfeng Optoelectronics's main products include specialized cables, optoelectronic components and others. The conductors of its specialized cables mostly use high-purity copper-based and alloy conductors such as silver-plated, tin-plated and nickel-plated types. The insulation materials mainly use cross-linked ethylene-tetrafluoroethylene copolymer, melt-processable polytetrafluoroethylene, fluorinated ethylene propylene and other high-performance fluoroplastics and polyimide composite film materials, and apply special thin-wall extrusion technology, wrapping and sintering technology, wire core compaction molding technology and others, giving the products advantages such as excellent electrical performance (good conductivity, high shielding, strong electrical insulation, large current-carrying capacity), signal transmission performance, light, soft and tough mechanical properties, flame retardancy, high and low temperature resistance, corrosion resistance, radiation resistance, good convenience and high reliability.
At present, Wenfeng Optoelectronics has developed into a domestic research and production enterprise of specialized cables and optoelectronic components in the field of military specialized cables that ranks among the top in China, has a wide product coverage, a relatively complete product structure and independent intellectual property rights. The company's products cover nearly 50 series, more than 400 categories and thousands of specifications, making it one of China's specialized cable manufacturers with products covering all six major military sectors.
The company's "Wenli" trademark has been awarded the title of "China Well-Known Trademark" and "Top Ten Key Promotion Brands of the First Anhui Manufacturing Industry". According to a statement issued by the Wire and Cable Branch of the China Electrical Equipment Industry Association, the business scale of Wenfeng Optoelectronics's leading products ranks among the top five in the military aerospace and aviation specialized cable market segment, and the business scale of its main products ranks among the top ten in the military specialized cable market.
Relying on its technical accumulation in the field of specialized cables, stable product performance and supporting service capabilities, the company has become one of the core suppliers in China's military cable field, with strong competitive advantages and brand recognition in the high-end market segment.
In terms of financials, for the 2023, 2024 and 2025 fiscal years and January-June 2026, the company achieved operating revenue of approximately 207 million yuan, 194 million yuan, 230 million yuan and 169 million yuan respectively; over the same periods, it recorded net profit of approximately 69.5212 million yuan, 58.1282 million yuan, 70.981 million yuan and 54.9292 million yuan respectively.
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