Shenzhen Woer Heat-Shrinkable Material

Shenzhen Woer Heat-Shrinkable Material (Ticker: 9981 HK) manufactures heat-shrink tubing, wiring and connectors used in electrical power transmission. Its products also include high-speed copper cables, electric-vehicle charging guns and safety-protection systems for power batteries. For fiscal year 2024, it reported revenue of RMB 6.92 billion. At the time of the profile, planned uses for IPO proceeds included research and development, expanding production capacity, brand promotion and strategic acquisitions.

The scheduled listing date on Hong Kong Stock Exchange was February 13, 2026. The proposed offering comprises 140,000,000 shares at an indicative price of HKD 20.09 per share. The base offering would represent HKD 2.81 billion, approximately $358.39 million in gross proceeds, excluding any unexercised over-allotment.

China Merchants Securities (HK) and China Securities (International) are joint sponsors.