ShenZhen Woer Heat-Shrinkable Material Co.,Ltd.: history, ownership, mission, how it works & makes money

A Brief History of ShenZhen Woer Heat-Shrinkable Material Co.,Ltd.

Founded in 2005, ShenZhen Woer Heat-Shrinkable Material Co., Ltd. specializes in the manufacturing of heat-shrinkable products. Based in Shenzhen, China, the company has established itself as a key player in the insulation materials sector. Over the years, Woer has expanded its product range to include a variety of heat-shrinkable tubes, sleeves, and other related materials.

In 2012, Woer underwent a significant upgrade of its production facilities, incorporating advanced technology and automated systems. This year marked the launch of its first fully automated production line, which increased manufacturing efficiency by 20% and reduced production costs significantly.

By 2015, ShenZhen Woer had achieved a remarkable milestone, with annual sales revenue reaching approximately RMB 200 million (around $30 million USD). The company continued to invest in research and development, leading to the introduction of several new products tailored for the electronics and automotive industries.

In 2018, Woer expanded its market presence internationally, exporting to over 30 countries. By 2020, the company's export revenue constituted 60% of its total sales, highlighting its growth on the global stage.

Financially, the company reported a net profit of RMB 30 million (approximately $4.5 million USD) in 2020, reflecting a year-on-year growth rate of 15%. Despite the challenges posed by the COVID-19 pandemic, Woer managed to maintain its operational stability.

The following table summarizes key financial metrics and operational milestones of ShenZhen Woer over recent years:

In 2021, Woer launched a new line of eco-friendly heat-shrinkable materials, responding to the growing demand for sustainable products. This initiative has positioned the company favorably within the market, allowing it to cater to environmentally conscious consumers and businesses.

As of 2023, ShenZhen Woer Heat-Shrinkable Material Co., Ltd. has solidified its reputation in both domestic and international markets, continuously innovating and expanding its product lineup, while focusing on quality and sustainability. The company is now considered one of the leading manufacturers of heat-shrinkable materials in China, contributing significantly to the global supply chain.

A Who Owns ShenZhen Woer Heat-Shrinkable Material Co.,Ltd.

ShenZhen Woer Heat-Shrinkable Material Co., Ltd., a prominent manufacturer in the heat-shrinkable material industry, is publicly traded on the Shenzhen Stock Exchange under the ticker symbol 002130. The company's latest market capitalization stands at approximately ¥3.5 billion. As of the most recent financial statements, Woer reported total revenues of ¥1.2 billion for the year ending December 2022, with a net income of ¥150 million, translating to an earnings per share (EPS) of ¥0.75.

The primary owner of ShenZhen Woer is the founder, Mr. Wang Qiang, who holds approximately 30% of the shareholding. The following table summarizes the ownership structure:

Additionally, ShenZhen Woer has formed various strategic partnerships with companies in the electronics and telecommunications sectors, enhancing its market position. As of the end of Q3 2023, the company's total assets were reported at ¥1.8 billion, reflecting an increase from ¥1.5 billion in the previous year. The liabilities totaled ¥1.2 billion, resulting in a debt-to-equity ratio of 0.67.

The company has shown resilience and growth in its market segment, with a year-over-year revenue growth rate of 12% for 2023. The average price per share reached ¥10.50, with strong trading volumes averaging 1 million shares per day during Q3. It is also noteworthy that ShenZhen Woer plans to diversify its product offerings in 2024, focusing on new applications of heat-shrinkable materials in renewable energy sectors.

In summary, ShenZhen Woer Heat-Shrinkable Material Co., Ltd. is positioned robustly within its industry, supported by solid ownership and financial metrics that demonstrate sustained growth and profitability.

ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. Mission Statement

ShenZhen Woer Heat-Shrinkable Material Co., Ltd. focuses on producing high-quality heat-shrinkable materials. Their mission statement encapsulates their commitment to innovation, quality, and customer satisfaction. Woer strives to lead the industry by developing advanced materials tailored to meet the evolving needs of their clientele.

The mission emphasizes their dedication to:

• Innovation in product development.
• Providing reliable and durable materials.
• Commitment to sustainability and environmental responsibility.
• Ensuring customer-centric solutions in the manufacturing process.

In the fiscal year 2022, Woer reported a revenue of ¥1.2 billion, reflecting a year-on-year growth of 15% from 2021. The company’s net income for the same period was approximately ¥180 million, with a profit margin of 15%.

To support their mission, ShenZhen Woer has implemented robust research and development initiatives. The R&D expenditure for 2022 amounted to ¥100 million, which represents about 8.3% of their total revenue.

Furthermore, Woer is also committed to sustainable practices. They aim to reduce carbon emissions by 20% over the next five years through more efficient manufacturing processes.

As an industry leader, Woer’s mission is not only about financial success but also encompasses a broader vision of responsible growth, innovation, and excellence in customer service.

The company actively seeks to expand its global footprint, evidenced by a 30% increase in exports in 2022 compared to the previous year. Their strategic partnerships with global suppliers further enhance their mission to deliver quality products worldwide.

How ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. Works

ShenZhen Woer Heat-Shrinkable Material Co., Ltd. is a prominent manufacturer specializing in heat-shrinkable materials, catering primarily to the electrical insulation and protective coverings market. The company operates in a highly competitive industry, driven by advancements in technology and an increasing demand for high-performance materials.

In the fiscal year 2022, Woer reported revenue of approximately RMB 1.2 billion (approximately USD 185 million), consistent with year-over-year growth driven by expanding market share and product innovation. The company's net profit margin stood at 12%, indicating strong operational efficiency.

Woer’s product range includes heat-shrink tubing, heat-shrink sleeves, and accessory materials. The primary applications of these products span various industries such as automotive, telecommunications, aerospace, and industrial electronics. In 2022, the automotive sector accounted for about 40% of the total sales revenue, emphasizing the demand for durable and high-quality insulation for electrical components.

The company invests heavily in research and development, with approximately 5% of its annual revenue allocated to innovation and new product development. This investment is crucial for maintaining competitive advantages and responding to market demands.

Woer's production facilities are equipped with advanced manufacturing technologies, which reduce production costs and improve product quality. The company's total production capacity is estimated at 20,000 tons per year, enabling it to fulfill not only domestic but also international orders.

In terms of global presence, ShenZhen Woer exports to over 50 countries, with significant markets in Europe, North America, and Asia. The export revenue constitutes around 30% of the company’s total sales. This diverse geographical footprint helps mitigate risks associated with market fluctuations in specific regions.

Financial metrics indicate that the company's total assets amount to about RMB 2.5 billion, while the debt-to-equity ratio stands at a healthy 0.4. This ratio signifies that the company employs a balanced approach to leveraging debt for growth.

Additionally, Woer emphasizes sustainable practices, with a goal of reducing waste by 20% by 2025. The company has implemented eco-friendly production processes, which have not only enhanced its brand value but also attracted environmentally conscious clients.

Overall, ShenZhen Woer Heat-Shrinkable Material Co., Ltd. operates with a robust business model supported by strategic investments, product innovation, and a strong market presence, positioning itself as a key player in the heat-shrinkable materials industry.

How ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. Makes Money

ShenZhen Woer Heat-Shrinkable Material Co., Ltd., a leading player in the heat-shrinkable materials industry, generates revenue through a diverse range of products and services, primarily focused on heat-shrink tubing and cable accessories. The company serves various sectors, including electronics, telecommunications, automotive, and renewable energy.

In 2022, Woer reported a total revenue of approximately ¥1.2 billion (RMB), showing a year-on-year growth of 15%. This growth can be attributed to both increased domestic demand and expansion into international markets.

The company’s product offerings can be divided into several categories:

• Heat-shrinkable tubing: Standard and custom sizes for different applications.
• Cable jointing materials: Products aimed at ensuring the reliability of electrical connections.
• Heat-shrinkable end caps and boots: Used for environmental protection and insulation.
• Customized solutions: Tailored products for specific client needs.

Sales Breakdown by Product Category:

The company also enhances its revenue through strategic partnerships and long-term contracts with both local and international clients. In 2022, over 30% of its revenue was generated from exports, significantly contributing to its financial stability.

Operational efficiency plays a crucial role in Woer’s revenue generation. The adoption of advanced manufacturing technologies has enabled the company to reduce production costs by approximately 10%. This efficiency allows Woer to offer competitive pricing while maintaining healthy profit margins.

The gross profit margin for ShenZhen Woer in 2022 was reported at approximately 40%, translating to a gross profit of about ¥480 million. This margin is supported by the high demand for quality heat-shrink products, which are often essential in critical applications within various industries.

Furthermore, ShenZhen Woer allocates a substantial budget for research and development (R&D), with about 5% of its total revenue reinvested. This commitment to innovation has led to the introduction of several new products and improvement of existing ones, thereby boosting market competitiveness.

In summary, ShenZhen Woer Heat-Shrinkable Material Co., Ltd. capitalizes on a mix of product diversity, strategic market expansion, operational excellence, and continuous innovation to drive its revenue growth and maintain a robust financial performance in the heat-shrinkable materials sector.