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Shenzhen Woer Heat-Shrinkable Material Co., Ltd. Class A

Shenzhen Woer Heat-Shrinkable Material Co., Ltd. Class A

14.81
CNY
+0.38
(+2.63%)
0.97EPS
20.68P/E
26.54BMarket Cap
Oct 27Next Earn
Shenzhen Woer Heat-Shrinkable Material Co., Ltd. Class A
SZSE:002130
(Shenzhen Stock Exchange)

Recent

price

14.81

P/E

ratio

20.68

div

yld

1.19%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
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
7.05
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
0.92
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
- -
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
0.18
Dividend per Share
0.92
1.54
1.72
1.81
2.08
2.97
4.18
2.18
2.05
2.28
2.6
3.01
3.45
3.9
4.39
5.16
6.57
Book Value per Share
0.83
1.41
1.53
1.55
1.79
2.66
3.79
1.98
1.21
1.45
1.8
2.23
2.61
3.08
3.61
4.18
5.7
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
1,305
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
9,208
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
17.5
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
1,196
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
12.18
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
12.99
Profit Margin (%)
121
423
382
56
-413
-86
459
-304
-415
366
838
1,047
1,342
1,983
2,662
2,345
5,410
Working Capital
- -
- -
231
- -
- -
537
965
837
319
793
1,002
705
592
655
1,095
1,028
1,692
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
9,521
Total Equity
11.87
8.85
5.21
5.24
6.64
20.1
1.88
3.44
- -
4.46
7.92
10.1
10.49
11.36
12.77
14.61
12.46
Return on Invested Capital (%)
13.48
10.46
8.51
7.76
9.31
23.55
5.4
5.81
- -
6.15
8.51
10.47
10.3
10.4
11.25
13.22
11.72
Return on Capital (%)
16.66
12.23
9.91
8.25
12.35
39.66
4.98
6.26
0.77
7.69
12.89
15.64
15.1
15.15
16.23
19.01
16
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,264
923
648
LT Borrowings
806
924
1,508
LT Finance Leases
221
221
185
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,260
1,400
1,400
Market Capitalization
33,161
32,855
26,542

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,556
8,840
9,516
Cash, Cash Equivalents & STI
1,375
3,390
3,779
Accounts Receivable, Net
2,843
2,758
3,152
Inventories
1,233
1,467
1,521
Total Current Liabilities
4,210
3,868
4,106
Payables & Accruals
- -
- -
- -
ST Debt
1,264
923
648
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

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

CNY

•

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
2,621
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.19
0.19
0.15
0.68
2025
0.2
0.25
- -
0.26
0.92
2026
0.17
0.24
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.18
0.01
0.01
0.21
2025
0.01
0.14
- -
0.02
0.18
2026
0.01
0.01
- -
- -
- -
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Business
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. (002130.SZ) manufactures and sells heat-shrinkable and insulation materials principally for electrical, mechanical, and protective applications in the electronics, automotive, electric power, communications, metallurgy, petrochemicals, rail transit, coal mining, aerospace, and military sectors. The company offers an extensive portfolio of core products including heat shrinkable sleeves and tubing (single- and dual-wall, thin-, medium-, and heavy-wall varieties), heat shrinkable busbar tubing, heat shrinkable and cold shrinkable power cable accessories, pre-molded cable accessories, cable branch boxes, ring network cabinets, high- and low-voltage switchgear, WQFB fully insulated closed busbar tubing, environmentally friendly high-temperature silicone wire, high-temperature resistant PTFE Teflon tubing and casings, conductor connecting pipes, heat-shrinkable composite double-wall pipes, silicone rubber pipes, civil anti-skid pattern tubes, halogen-free environmentally friendly PE cross-linked wires, EPDM tubing, and identification sleeves; most products carry UL/CSA approvals, RoHS compliance, and certifications such as ISO9001, ISO14001, and TS16949. Founded in 1998 and headquartered in Shenzhen, China, within the Shenzhen Export Processing Zone, Woer operates production facilities covering 50,000 square meters equipped with nine advanced electronic accelerators and maintains sales branches across major Chinese cities while exporting to Europe, the United States, Southeast Asia, and other international markets. Recent developments include capacity expansions through investments in over 20 imported key devices such as foaming core wire extruders for high-speed copper cable production by end-2025, with five units already operational and ten more slated for delivery by April 2026; a holding subsidiary's 1 billion yuan investment in the Kete (Suzhou) New Materials Project; successful development of 80-year nuclear safety grade cable accessories; production and delivery of 1.5 million GBT DC charging connectors; leadership in launching liquid-cooled high-power EV charging guns and new energy European/American standard charging guns; selection into the FTSE Global Equity Index Series; registration capital increases for Shenzhen Woer Intelligent Equipment and establishment of Huizhou Woer Heat Shrinkable Material Co., Ltd. in late 2024; and plans to diversify product offerings with new heat-shrinkable applications.