ShenZhen Woer Heat-Shrinkable Material Co.,Ltd.

ShenZhen Woer Heat-Shrinkable Material Co.,Ltd.

9981.HK
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd.HK flagHong Kong Stock Exchange
10.55
HKD
-0.76
- -
1.48BMarket Cap
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd.
9981.HK
(Hong Kong Stock Exchange)

Recent

price

10.55

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.98
1.2
1.16
2.41
2.86
2.85
3.22
2
3.44
3.23
3.21
4.3
4.26
4.58
5.56
6.8
6.24
Revenue per Share
0.14
0.15
0.16
0.15
0.24
1
0.19
0.13
0.02
0.17
0.31
0.44
0.49
0.56
0.68
0.92
0.79
Basic EPS, GAAP
-0.08
-0.19
-0.34
-0.01
-0.12
-0.17
-1.34
-0.17
0.31
0.32
0.37
0.23
0.4
0.46
0.36
0.1
-0.58
Free Cash Flow per Basic Share
0.04
0.05
0.05
0.09
0.1
0.15
0.27
0.11
0.16
0.11
0.11
0.11
0.11
0.09
0.21
0.18
0.17
Dividend per Share
0.84
1.03
1.35
1.73
1.87
2.76
2.88
1.88
2.36
2.14
2.35
2.76
3.18
3.68
4.18
4.84
4.49
Book Value per Share
0.84
1.51
1.55
1.63
1.82
2.68
4.15
1.96
1.71
1.67
1.99
2.51
2.98
3.55
4.13
4.49
4.08
Tangible Book Value per Share
532
541
575
554
569
569
579
1,292
1,026
1,233
1,277
1,256
1,254
1,251
1,246
1,243
1,246
Basic Weighted Avg Shares
521
648
667
1,332
1,629
1,621
1,863
2,580
3,525
3,978
4,095
5,407
5,341
5,723
6,927
8,451
7,776
Sales/Revenue/Turnover
17.41
15.55
13
9.79
13.01
11.67
8.46
10.09
11.77
12.25
16.43
14.85
15.44
17.13
17.44
18.19
17.98
Operating Margin (%)
21
25
28
49
55
71
88
108
175
210
214
227
229
220
253
287
- -
Depreciation Expense
76
83
92
83
137
570
107
168
21
210
396
553
615
700
848
1,144
986
Net Income, GAAP
6.36
10.58
9.39
20.11
16.85
15.27
2.94
7.31
- -
13.53
13.42
10.91
9.23
13.19
14.28
14.13
14.02
Effective Tax Rate (%)
14.65
12.83
13.8
6.24
8.39
35.15
5.76
6.51
0.58
5.27
9.66
10.22
11.51
12.24
12.24
13.54
12.68
Profit Margin (%)
121
423
382
56
-413
-86
459
-304
-415
366
838
1,047
1,342
1,983
2,662
2,345
1,766
Working Capital
- -
- -
231
- -
- -
537
965
837
319
793
1,002
705
592
655
1,095
1,028
712
LT Debt
491
891
997
1,049
1,199
1,706
2,648
2,786
2,803
3,110
3,548
4,137
4,799
5,463
6,128
6,804
6,202
Total Equity
13.72
10.11
6.31
7.18
9.37
5.9
3.98
4.96
- -
8.26
10.64
12.24
11.94
12.72
14.17
15.76
15.3
Return on Invested Capital (%)
15.36
13.08
10.76
8.57
9.8
24.61
6.27
6.68
- -
6.4
8.92
11.03
10.89
10.94
11.76
13.89
12.59
Return on Capital (%)
19.94
16.54
13.79
9.56
13.48
43.18
6.62
8.19
0.84
8.28
14.05
17.1
16.49
16.31
17.28
20.38
18.95
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
530
805
1,092
LT Borrowings
901
882
532
LT Finance Leases
193
203
180
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,260
1,260
1,260
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
5,538
5,876
5,891
Cash, Cash Equivalents & STI
1,173
1,296
1,010
Accounts Receivable, Net
2,490
2,559
2,809
Inventories
865
950
1,075
Total Current Liabilities
2,875
3,294
4,124
Payables & Accruals
- -
- -
- -
ST Debt
530
805
1,092
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.57%
13.93%
11.03%
Free Cash Flow
37.52%
-9.06%
-72.61%
Net Income, GAAP
101.89%
24.16%
34.96%
Sales/Revenue/Turnover
18.68%
16.2%
22%
Total Cash Common Dividend
17.01%
20.28%
-13.18%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,389
1,706
1,725
2,106
6,927
2025
1,759
2,186
2,368
- -
8,451
2026
2,032
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
- -
- -
- -
0.68
2025
0.2
- -
- -
- -
0.92
2026
0.17
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.21
2025
0.01
- -
- -
- -
0.18
2026
0.01
- -
- -
- -
- -
Business
ShenZhen Woer Heat-Shrinkable Material Co., Ltd. engages in the research and development, manufacture, and distribution of heat-shrinkable materials and related electrical insulation products. The company focuses on macromolecule radiation-modified new materials and a broad range of heat-shrinkable products for the electronics, electrical power, and automotive sectors, including heat shrinkable tubes, heat-shrinkable busbar solutions, heat-shrink cable accessories, cold-shrink cable accessories, and related protective components. In addition to heat-shrink products, the firm provides cable distribution boxes, ring net cabinets, low- and high-voltage switchgear components, and environmentally friendly high-temperature silicone wires, with multiple series and thousands of SKUs designed to meet diverse market needs. Headquartered in Shenzhen, China, the company operates as a vertically integrated manufacturer with capabilities spanning material synthesis, product design, toolings, and downstream assembly to serve global customers. Founded in 2011, ShenZhen Woer maintains a global footprint through distributors and partners, delivering to electronics, automotive, energy, and industrial markets. The business emphasizes UL/CSA approvals, RoHS compliance, and ISO 9001/ISO 14001 management systems, underscoring a commitment to quality, safety, and environmental stewardship. Latest major changes include ongoing partnerships and strategic collaborations to expand its product certifications and expand into new regional markets; expansion of its product portfolio to address emerging needs in wire and cable protection, high-temperature insulation, and energy-related applications; and continuous enhancements to manufacturing capabilities to support higher-volume production and broader regional distribution. The company reports ongoing efforts in research and development to advance material science in heat-shrinkable solutions and to adapt products for evolving industry standards and customer specifications. Industry and segments primarily cover electrical insulation solutions, heat-shrinkable technology, and cable accessories, with end markets encompassing electronics, automotive, wind power, and general electrical infrastructure. Target customers include electrical distributors, manufacturers, system integrators, and original equipment manufacturers in both regional and international markets. Geographic operations span China and international markets through distributors and direct sales, with a focus on Asia, Europe, North America, and other regions requiring certified heat-shrinkable and insulation products. As a subsidiary-involved corporate group with potential parent and affiliate relationships, ShenZhen Woer positions itself as a full-suite supplier of heat-shrinkable materials and complementary electrical components.