Shenzhen Woer Heat-Shrinkable Materials Co., Ltd. is listed on the Main Board of the Hong Kong Stock Exchange on Feb. 13. Photos from Woer

Pingshan-based Shenzhen Woer Heat-Shrinkable Materials Co., Ltd., already listed on the Shenzhen Stock Exchange, was listed on the Main Board of the Hong Kong Stock Exchange on Feb. 13. 

Woer (stock codes: 09981.HK and 002130.SZ) specializes in radiation-crosslinked modified polymer materials, with core businesses covering communications cables, electronic materials, new energy vehicles, electric power and wind power. The company has built a global production and sales network.

Woer operates more than 10 production bases across China to meet regional demand. Overseas expansion includes increased output at its Vietnam facility, ongoing construction of a Malaysia plant and the commencement of operations at its Singapore subsidiary, progressively strengthening its global operations.

In 2024, Woer held a global market share of 20.6%  in heat-shrinkable materials and 24.2% in high-speed copper cables. Since 2025, demand for its core products has continued to rise, with market shares maintaining steady growth.

Shenzhen Woer Heat-Shrinkable Materials Co., Ltd. is based in Pingshan District.

Woer’s recent financial performance has been strong. In the first three quarters of 2025, the company reported revenue of 6.082 billion yuan and net profit attributable to shareholders of the parent company of 822 million yuan, both growing by more than 25% year-on-year. It expects full-year net profit attributable to shareholders of the listed company in 2025 to reach 1.1 billion-1.18 billion yuan, a year-on-year increase of 29.79%-39.22%.

The company has steadily increased R&D investment, driving ongoing technological innovation. As of Sept. 30, 2025, Woer held 540 invention patents, 1,490 utility model patents, 140 design patents, 730 registered trademarks and 82 software copyrights, reinforcing its competitive position through technology.

Leveraging its A-share and H-share dual-listing platform, Woer aims to broaden financing channels, boost R&D investment and accelerate international expansion. The company is committed to deepening the integration of China’s new materials sector with global markets and aspires to become a globally recognized leader in the industry.