Announcement • Jul 01
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. to Report First Half, 2026 Results on Aug 25, 2026 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Announcement • May 30
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. Approves Cash Dividend for the Year 2025 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. at its AGM held on May 26, 2026, approved cash dividend/10 shares (tax included) of CNY 1.65000000 for the year 2025. Announcement • Apr 24
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd., Annual General Meeting, May 26, 2026 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd., Annual General Meeting, May 26, 2026, at 14:00 China Standard Time. Location: Office Building, Woer Industrial Park, Lanjing North Road, Pingshan District, Shenzhen, Guangdong China Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: CN¥0.92 (vs CN¥0.68 in FY 2024) Full year 2025 results: EPS: CN¥0.92 (up from CN¥0.68 in FY 2024). Revenue: CN¥8.45b (up 22% from FY 2024). Net income: CN¥1.14b (up 35% from FY 2024). Profit margin: 14% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 31
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (272% cash payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change). Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: CN¥0.91 (vs CN¥0.68 in FY 2024) Full year 2025 results: EPS: CN¥0.91 (up from CN¥0.68 in FY 2024). Revenue: CN¥8.45b (up 22% from FY 2024). Net income: CN¥1.14b (up 34% from FY 2024). Profit margin: 13% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 11
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. has completed a Follow-on Equity Offering in the amount of HKD 2.812375 billion. ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. has completed a Follow-on Equity Offering in the amount of HKD 2.812375 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 13,999,000
Price\Range: HKD 20.09
Discount Per Security: HKD 0.24108
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 77,761,826
Price\Range: HKD 20.09
Discount Per Security: HKD 0.24108
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 48,227,974
Price\Range: HKD 20.09
Discount Per Security: HKD 0.24108
Transaction Features: New Market Listing; Regulation S Announcement • Feb 05
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. has filed a Follow-on Equity Offering in the amount of HKD 2.823714 billion. ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. has filed a Follow-on Equity Offering in the amount of HKD 2.823714 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 13,999,000
Price(maximum): HKD 20.9
Discount Per Security: HKD 0.24108
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 77,761,826
Price(maximum): HKD 20.09
Discount Per Security: HKD 0.24108
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 48,227,974
Price(maximum): HKD 20.09
Discount Per Security: HKD 0.24108
Transaction Features: New Market Listing; Regulation S Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥27.43, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 28x in the Electrical industry in China. Total returns to shareholders of 294% over the past three years. Price Target Changed • Jan 06
Price target increased by 25% to CN¥43.21 Up from CN¥34.61, the current price target is provided by 1 analyst. New target price is 59% above last closing price of CN¥27.16. Stock is up 4.5% over the past year. The company is forecast to post earnings per share of CN¥0.94 for next year compared to CN¥0.68 last year. Announcement • Dec 31
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.19 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.19 in 3Q 2024). Revenue: CN¥2.14b (up 24% from 3Q 2024). Net income: CN¥263.8m (up 12% from 3Q 2024). Profit margin: 12% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥27.30, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 22x in the Electrical industry in China. Total returns to shareholders of 311% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.45 per share. Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.19 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.25 (up from CN¥0.19 in 2Q 2024). Revenue: CN¥2.19b (up 28% from 2Q 2024). Net income: CN¥307.7m (up 31% from 2Q 2024). Profit margin: 14% (in line with 2Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Announcement • Jul 02
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • May 12
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd., Annual General Meeting, Jun 03, 2025 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd., Annual General Meeting, Jun 03, 2025, at 13:30 China Standard Time. Location: Office Building, Woer Industrial Park, Lanjing North Road, Pingshan District, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥21.21, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 315% over the past three years. Reported Earnings • Apr 28
First quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.15 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.20 (up from CN¥0.15 in 1Q 2024). Revenue: CN¥1.76b (up 27% from 1Q 2024). Net income: CN¥250.4m (up 36% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥16.18, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Electrical industry in China. Total returns to shareholders of 179% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.79 per share. Announcement • Apr 01
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: CN¥0.68 (vs CN¥0.56 in FY 2023) Full year 2024 results: EPS: CN¥0.68 (up from CN¥0.56 in FY 2023). Revenue: CN¥6.93b (up 21% from FY 2023). Net income: CN¥859.5m (up 23% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥27.08, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 19x in the Electrical industry in China. Total returns to shareholders of 273% over the past three years. New Risk • Jan 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥23.71, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Electrical industry in China. Total returns to shareholders of 211% over the past three years. Announcement • Dec 31
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 15, 2025 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 15, 2025 Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥23.57, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Electrical industry in China. Total returns to shareholders of 200% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥19.77, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 19x in the Electrical industry in China. Total returns to shareholders of 142% over the past three years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.15 in 3Q 2023). Revenue: CN¥1.73b (up 17% from 3Q 2023). Net income: CN¥235.7m (up 26% from 3Q 2023). Profit margin: 14% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥17.37, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 135% over the past three years. Announcement • Sep 30
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥12.87, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electrical industry in China. Total returns to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥11.51, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Electrical industry in China. Total returns to shareholders of 39% over the past three years. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.15 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.15 in 2Q 2023). Revenue: CN¥1.71b (up 23% from 2Q 2023). Net income: CN¥235.1m (up 24% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 20% per year. Announcement • Jun 29
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. to Report First Half, 2024 Results on Aug 20, 2024 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that they will report first half, 2024 results on Aug 20, 2024 Declared Dividend • May 24
Dividend increased to CN¥0.17 Dividend of CN¥0.17 is 325% higher than last year. Ex-date: 29th May 2024 Payment date: 29th May 2024 Dividend yield will be 1.2%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next year, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥15.50, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Electrical industry in China. Total returns to shareholders of 123% over the past three years. Announcement • Apr 23
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd., Annual General Meeting, May 17, 2024 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: Office Building, Woer Industrial Park, Lanjing North Road, Pingshan District, Shenzhen, Guangdong China Reported Earnings • Apr 23
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: CN¥0.56 (up from CN¥0.49 in FY 2022). Revenue: CN¥5.72b (up 7.2% from FY 2022). Net income: CN¥700.5m (up 14% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥12.16, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Electrical industry in China. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.87 per share. Buy Or Sell Opportunity • Apr 17
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 77% to CN¥12.16. The fair value is estimated to be CN¥9.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 43% in the next 2 years. New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Mar 30
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Buy Or Sell Opportunity • Mar 29
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 62% to CN¥12.25. The fair value is estimated to be CN¥9.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 43% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥8.25, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Electrical industry in China. Total returns to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.70 per share. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: CN¥0.56 (vs CN¥0.49 in FY 2022) Full year 2023 results: EPS: CN¥0.56 (up from CN¥0.49 in FY 2022). Revenue: CN¥5.75b (up 7.6% from FY 2022). Net income: CN¥709.1m (up 15% from FY 2022). Profit margin: 12% (in line with FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥5.52, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Electrical industry in China. Total returns to shareholders of 6.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.59 per share. Announcement • Dec 29
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Board Change • Dec 01
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Fan Yue Zeng was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.12 in 3Q 2022). Revenue: CN¥1.48b (up 9.9% from 3Q 2022). Net income: CN¥186.9m (up 22% from 3Q 2022). Profit margin: 13% (up from 11% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. Announcement • Oct 28
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. (SZSE:002130) announces an Equity Buyback for CNY 120 million worth of its shares. ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. (SZSE:002130) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 120 million worth of its shares. The shares will be repurchased at a price not more than CNY 10 per share. The shares repurchased will be used for ESOP or equity incentives. The program will be valid for not more than 12 months. Announcement • Sep 30
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. to Report Q3, 2023 Results on Oct 28, 2023 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.15 in 2Q 2022). Revenue: CN¥1.39b (flat on 2Q 2022). Net income: CN¥189.2m (up 2.5% from 2Q 2022). Profit margin: 14% (in line with 2Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. to Report First Half, 2023 Results on Aug 15, 2023 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that they will report first half, 2023 results on Aug 15, 2023 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥8.05, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Electrical industry in China. Total returns to shareholders of 80% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.45 per share. Buying Opportunity • May 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.1%. The fair value is estimated to be CN¥8.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 41% in 2 years. Earnings is forecast to grow by 59% in the next 2 years. Reported Earnings • Apr 15
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.49 (up from CN¥0.44 in FY 2021). Revenue: CN¥5.34b (down 1.2% from FY 2021). Net income: CN¥614.5m (up 11% from FY 2021). Profit margin: 12% (up from 10% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 1.0%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.44 in FY 2021) Full year 2022 results: EPS: CN¥0.49 (up from CN¥0.44 in FY 2021). Revenue: CN¥5.36b (flat on FY 2021). Net income: CN¥613.1m (up 11% from FY 2021). Profit margin: 11% (up from 10% in FY 2021). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Nov 04
Shenzhen Woer Heat-Shrinkable Material Co.,Ltd. Approves Management Appointments ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced at the EGM held on November 2, 2022 that the company approved election of Yi Huarong and Li Wenyou as non-independent directors; Zeng Fanyue and Dai Bingjie as independent directors and Geng Lian as non-employee supervisor. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. Independent Director Yanyan Chen was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.11 in 3Q 2021). Revenue: CN¥1.35b (down 2.8% from 3Q 2021). Net income: CN¥153.4m (up 14% from 3Q 2021). Profit margin: 11% (up from 9.7% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.12 in 2Q 2021). Revenue: CN¥1.38b (up 1.8% from 2Q 2021). Net income: CN¥184.6m (up 20% from 2Q 2021). Profit margin: 13% (up from 11% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Board Change • Aug 12
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 5 experienced directors. No highly experienced directors. Director Yan Deng is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jun 07
Shenzhen Woer Heat-Shrinkable Material Co.,Ltd. Announces 2021 Final Profit Distribution, Payable on June 13, 2022 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that 2021 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.350. Record date is 10 June 2022. Ex-date is 13 June 2022. Payment date is 13 June 2022. Announcement • May 13
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. Approves Cash Dividend for the Year 2021 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that at the AGM was held on 10 May 2022, the company approved cash dividend/10 shares (tax included): CNY 0.35000000. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.085 (vs CN¥0.12 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.085 (down from CN¥0.12 in 1Q 2021). Revenue: CN¥1.15b (down 1.9% from 1Q 2021). Net income: CN¥106.8m (down 32% from 1Q 2021). Profit margin: 9.3% (down from 13% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 12
Full year 2021 earnings released: EPS: CN¥0.44 (vs CN¥0.31 in FY 2020) Full year 2021 results: EPS: CN¥0.44 (up from CN¥0.31 in FY 2020). Revenue: CN¥5.41b (up 32% from FY 2020). Net income: CN¥552.7m (up 40% from FY 2020). Profit margin: 10% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.44 (up from CN¥0.31 in FY 2020). Revenue: CN¥5.40b (up 32% from FY 2020). Net income: CN¥550.7m (up 39% from FY 2020). Profit margin: 10% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.13 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥1.38b (up 29% from 3Q 2020). Net income: CN¥134.5m (down 18% from 3Q 2020). Profit margin: 9.7% (down from 15% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CN¥7.55, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 40x in the Electrical industry in China. Total returns to shareholders of 89% over the past three years. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥8.94, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 40x in the Electrical industry in China. Total returns to shareholders of 120% over the past three years. Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.072 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.36b (up 36% from 2Q 2020). Net income: CN¥153.5m (up 70% from 2Q 2020). Profit margin: 11% (up from 9.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.034 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.18b (up 71% from 1Q 2020). Net income: CN¥156.3m (up 265% from 1Q 2020). Profit margin: 13% (up from 6.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥7.22, the stock trades at a trailing P/E ratio of 23.3x, up from the previous P/E ratio of 19.5x. Average P/E is 32x in the Electrical industry in China. Total returns to shareholders over the past three years are 30%. Is New 90 Day High Low • Mar 05
New 90-day high: CN¥6.46 The company is up 17% from its price of CN¥5.53 on 04 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 10.0% over the same period. Announcement • Feb 10
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd., Annual General Meeting, Mar 05, 2021 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd., Annual General Meeting, Mar 05, 2021, at 14:00 China Standard Time. Agenda: To consider 2020 annual report and its summary; to consider 2020 work report of the board of directors; to consider 2020 work report of the supervisory committee; to consider 2020 annual accounts; to consider 2020 profit distribution plan; to consider 2021 financial budget report; to consider the reappointment of audit firm; to consider the 2021 estimated continuing connected transactions; to consider the 2021 remuneration for non-independent directors; and to consider the 2021 remuneration for supervisors. Reported Earnings • Feb 10
Full year 2020 earnings released: EPS CN¥0.31 (vs CN¥0.17 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥4.09b (up 2.9% from FY 2019). Net income: CN¥395.8m (up 89% from FY 2019). Profit margin: 9.7% (up from 5.3% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jan 22
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. to Report Fiscal Year 2020 Results on Feb 09, 2021 ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. announced that they will report fiscal year 2020 results on Feb 09, 2021 Is New 90 Day High Low • Jan 21
New 90-day high: CN¥6.09 The company is up 19% from its price of CN¥5.13 on 23 October 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 26% over the same period.