WOER(SZ:002130) 智通财经网·2026-01-27 06:20Core Viewpoint - Shenzhen Wole Cable Co., Ltd. (Wole Cable) is preparing for its listing on the Hong Kong Stock Exchange, with CITIC Securities International and China Merchants Securities International as joint sponsors [1]. Company Overview - Wole Cable is one of the largest manufacturers of heat shrink materials and communication cable products globally, playing a critical role in various applications within the industry [3]. - The company ranks first in the global heat shrink materials market with a market share of 20.6% based on projected 2024 revenues, and ranks third among global telecommunications cable manufacturers with a market share of 12.7% [3]. - In 2024, Wole Cable is projected to be the largest manufacturer of high-speed copper cables in China, holding a market share of 24.2% [3]. Financial Performance - The company reported revenues of approximately RMB 5.34 billion, RMB 5.72 billion, RMB 6.92 billion, and RMB 6.08 billion for the fiscal years ending in 2022, 2023, 2024, and the nine months ending September 30, 2025, respectively [4]. - The net profit for the same periods was approximately RMB 660 million, RMB 758 million, RMB 920 million, and RMB 883 million [4]. - The gross profit margin has remained relatively stable, with figures of 30.2%, 31.3%, 30.5%, and 30% for the respective years [5]. Strategic Partnerships and Operations - Wole Cable has established long-term partnerships with companies in AI, telecommunications, electric vehicles, energy, and power sectors [4]. - The company strategically locates its manufacturing bases close to customers to ensure comprehensive coverage and rapid response to production and supply chain management needs [4]. - As of September 30, 2025, Wole Cable operates nine manufacturing bases in China and one overseas factory in Vietnam [4].