Shenzhen Woer Heat-Shrinkable Material's Q1 2026 Profit Falls Nearly 8%
Shenzhen Woer Heat-Shrinkable Material (HKG:9981, SHE:002130) booked 231.3 million yuan in attributable profit for the first quarter of 2026, down 7.6% from 250.4 million yuan in the prior-year period, according to a Hong Kong bourse filing Friday.Earnings per share were 0.1723 yuan, compared with 0.2009 yuan a year earlier.Revenue gained 16% year on year to 2.03 billion yuan, figures showed.Meanwhile, in a separate statement, the firm said it was considering a public offering and transfer of listing of Shanghai Keter New Material to the Beijing Stock Exchange.The company's non-wholly owned subsidiary currently trades on the National Equities Exchange and Quotations, a Chinese over-the-counter system.Woer Heat-Shrinkable Material owns 78.76% of the business that manufactures power battery safety protection products for eletric vehicles.
