Important Notice
This annual report summary is derived from the full annual report. To fully understand the company's operating results, financial status, and future development plans, investors should carefully read the complete annual report published in designated media by the China Securities Regulatory Commission. All directors attended the board meeting to review this report.
Non-standard audit opinion prompt: □ Applicable ☑ Not applicable
The profit distribution plan or capital reserve transfer to increase share capital reviewed by the board during the reporting period: ☑ Applicable □ Not applicable
Is there a capital reserve transfer to increase share capital? □ Yes ☑ No
The profit distribution plan approved by the board is as follows: Based on the company's current total share capital of 1,399,887,362 shares, excluding 10,283,600 shares repurchased in the special securities account, the base capital is 1,389,603,762 shares. A cash dividend of 1.65 yuan (including tax) will be distributed for every 10 shares to all shareholders, with no bonus shares issued (including tax), and no capital reserve transfer to increase share capital.
The preferred stock profit distribution plan approved by the board during the reporting period: □ Applicable □ Not applicable
Company Overview
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Company Profile
- Stock Abbreviation: Woer Heat-Shrinkable Material (A Shares), Woer Heat-Shrinkable Material (H Shares)
- Stock Code: 002130 (A Shares), 09981 (H Shares)
- Stock Exchange: Shenzhen Stock Exchange, Hong Kong Stock Exchange
- Previous Stock Abbreviation (if any): Not applicable
- Contact Person and Contact Information:
- Board Secretary: Qiu Wei
- Securities Affairs Representative: Li Wenya
- Office Address: Woer Industrial Park, Lan Jing North Road, Longtian Street, Pingshan District, Shenzhen
- Fax: 0755-28299020
- Phone: 0755-28299020
- Email: fz@woer.com
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Main Business or Product Overview During the reporting period, there were no significant changes in the company's main business and products. The company's main business focuses on the electronic communication and new energy power industries, specifically divided into five categories: electronic materials, communication cables, power, new energy vehicles, and wind power generation. The company has established mature production bases in various regions domestically and overseas in Vietnam to meet the needs of different regional customers. The marketing network covers major cities across the country and several regions abroad, with products sold to numerous countries and regions globally, forming a high-quality brand effect.
1. Main Business Overview
(1) Electronic Materials Business
The electronic materials business mainly includes heat shrink tubing, dual-wall tubing, identification tubing, and busbar tubing. The company's electronic materials feature convenient shrinkage, temperature resistance, flame retardancy, corrosion resistance, and halogen-free environmental protection, providing insulation and protection for wires, cables, and electrical equipment. They are widely used in various fields such as electronics, electrical appliances, communications, automotive, rail transit, medical, nuclear power, and aerospace.
The company has been deeply engaged in the heat shrink materials field since its establishment and is a leading enterprise in this sector. In recent years, leveraging its leading technological strength, rich product specifications, complete certification system, and collaborative advantages of multiple production bases, the company's electronic materials business has maintained a steady growth trend, further solidifying its business foundation and enhancing market competitiveness. During the reporting period, the electronic materials business promoted continuous development through R&D innovation, market expansion, organizational optimization, and intelligent manufacturing.
In terms of R&D innovation, the company closely follows industry development trends, timely identifies product matching opportunities required by key industries, and continuously improves the product series matrix. It optimizes product structure and enhances product performance based on different application scenarios and segment demands, strengthening the comprehensive adaptability of products across multiple fields and scenarios.