WOER(SZ:002130)2024-05-15 13:04Group 1: Company Overview - Shenzhen Walden Materials Co., Ltd. is a leading enterprise in the domestic heat shrink materials industry, holding a significant market share [3] - The company focuses on new materials, new energy, and intelligent manufacturing, aligning with national development strategies [6] Group 2: Financial Performance - In Q1 2024, the company achieved a revenue of 15,790.85 million CNY from its new energy charging gun products, marking a year-on-year growth of 37.48% [3] - The subsidiary, Letin Intelligent, reported a revenue of 33,964.67 million CNY in Q1 2024, with a year-on-year increase of 29.08% [4] - The overall revenue target for 2024 is set at 653,282 million CNY, with a net profit of 79,346 million CNY [5] Group 3: Product Segments - The electronic product segment includes heat shrink tubes, dual-wall tubes, and identification tubes, contributing significantly to the company's revenue [3] - The power product segment includes cable accessories and separable connectors, with major clients such as State Grid and Southern Power Grid [3] - The high-speed communication cables produced by Letin Intelligent are used in data centers and have seen stable mass production [4] Group 4: Market Strategy and Future Plans - The company is actively monitoring raw material prices, such as copper, to mitigate impacts on profit margins [5] - Future production capacity will be arranged based on market demand, particularly for high-speed communication cables [4] - The company plans to implement a stock repurchase plan for employee stock ownership, having repurchased 13,565,000 shares, accounting for 1.08% of total shares [5]