WOER(SZ:002130) Zhi Tong Cai Jing·2025-06-16 22:52Core Viewpoint - Shenzhen Wole Cable Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange's Growth Enterprise Market, with CITIC Construction Investment International and China Merchants Securities International as joint sponsors [1] Group 1: Company Overview - Wole Cable is a leading provider of high-speed data communication and alternative energy power transmission solutions, specializing in the manufacturing and sales of high-speed copper cables [3] - The company's products facilitate high-speed connections between functional modules in computing centers, enhancing data transmission efficiency while ensuring optimal energy consumption and reliability [3] - Wole Cable is recognized as the second largest high-speed copper cable manufacturer globally and the largest in China, holding a global market share of 24.9% as of 2024 [3] Group 2: Product Leadership - The company is a leader in heat shrink materials, with a global market share of 20.6% in 2024, and it has pioneered the industrialization of heat shrink materials in China, achieving a market share of 58.5% [3] - Wole Cable's electric power transmission products for electric vehicles provide high-performance electrical solutions, making it the largest manufacturer of DC charging guns in China with a market share of 41.7% [4] - The company also offers power transmission solutions for power grids and stations, ranking first among cable accessory manufacturers in China with a market share of 10.6% [4] Group 3: Financial Performance - For the fiscal years 2022, 2023, and 2024, Wole Cable reported revenues of approximately 5.337 billion, 5.719 billion, and 6.920 billion RMB, respectively, with net profits of 660 million, 758 million, and 921 million RMB during the same periods [4]