中信建投牵头保荐沃尔核材港股IPO项目圆满完成

Core Viewpoint - Shenzhen Wole Cable Co., Ltd. successfully listed on the Hong Kong Stock Exchange, marking the company's entry into the international capital market with an issuance price of HKD 20.09 per share and a total issuance scale of approximately HKD 28.12 billion [1][3] Group 1: Company Overview - Wole Cable, established in 1998, specializes in new materials, with main business segments including electronic communication and power transmission [3] - The company ranks fifth in global communication cable manufacturers with a market share of 12.7%, first in the global heat shrink materials industry with a market share of 20.6%, ninth in the global electric power transmission products for new energy vehicles with a market share of 1.9%, and seventh in the global cable accessories industry with a market share of 2.5% [3][5] Group 2: Financial Performance - Wole Cable has shown strong financial performance with continuous revenue growth, achieving revenues of RMB 5.337 billion in 2022, RMB 5.719 billion in 2023, RMB 6.920 billion in 2024, and RMB 6.077 billion in the first nine months of 2025 [5] - The net profit increased from RMB 660 million in 2022 to RMB 921 million in 2024, with an estimated net profit of no less than RMB 1.1 billion for 2025, indicating a consistent expansion in profitability [5] Group 3: Investment and Innovation - The company holds 547 invention patents and has strategically established nine manufacturing bases in China and one overseas factory in Vietnam [5] - Wole Cable continues to invest in product innovation, targeting future growth and diversification [5] Group 4: Underwriting and Market Response - The IPO process involved 16 cornerstone investors who collectively subscribed USD 124 million, with a final subscription rate of 8.19 times for international placements and 569.58 times for the Hong Kong public offering [3][5] - CITIC Securities played a crucial role as the lead underwriter, ensuring the successful completion of the IPO amidst a complex market environment [5]