Shenzhen Woer Heat-Shrinkable Material (SHE:002130) forecasted 2025 attributable net profit of between 1.10 billion yuan and 1.18 billion yuan, versus 847.6 million yuan the previous year.
The increase of between 30% and 39% stemmed from higher product demand, with communication cables and new energy vehicle products seeing faster revenue growth, according to a Thursday filing with the Shenzhen bourse.
Basic earnings per share is projected to rise to between 0.8825 yuan and 0.9467 yuan from 2024's 0.68 yuan.
Shares of the heat shrink tube manufacturer closed 6% lower Thursday.
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