Shenzhen Woer Heat-Shrinkable Material Co., Ltd.

Date of Prospectus: February 5, 2026

Shenzhen Woer Heat-Shrinkable Material Co., Ltd. Launches Hong Kong IPO: Detailed Investor Analysis and Opportunity Outlook

Shenzhen Woer Heat-Shrinkable Material Co., Ltd. is opening its doors to public capital with a Hong Kong IPO, offering investors a unique opportunity in the advanced materials sector. This comprehensive analysis covers the key IPO terms, business fundamentals, industry positioning, deal structure, and actionable insights for institutional and retail investors looking to participate in one of 2026’s key Hong Kong listings.

IPO Snapshot: Key Terms, Offer Details, and Listing Timetable

Shenzhen Woer Heat-Shrinkable Material Co., Ltd. (Stock Code: 9981) is seeking to raise capital on the Hong Kong Stock Exchange. The IPO features a dual-tranche structure and a robust allocation plan designed for both institutional and retail investors.

Application Window: Hong Kong Public Offering opens 9:00 a.m. February 5, 2026 and closes 12:00 noon February 10, 2026.
Price Determination Date: By 12:00 noon, February 11, 2026.
Announcement of Allocation: By 11:00 p.m., February 12, 2026.
Commencement of Trading: 9:00 a.m., February 13, 2026.
Settlement: H Shares will be eligible for CCASS deposit, clearance, and settlement upon listing.

Strategic Use of Proceeds: Growth Story or Deleveraging?

Offer proceeds will be primarily used to fuel the company’s strategic growth initiatives. Though specific allocation figures are not disclosed in the announcement, the emphasis placed on capital raising, expansion, and market penetration suggests a growth-driven capital raise as opposed to deleveraging. No mention of debt repayment as a primary use of proceeds is provided in the available details.

Oversubscription Metrics and Dividend Policy

The Global Offering allows for reallocation of up to 6,999,200 Offer Shares from the International Offering to the Hong Kong Public Offering if both tranches are fully subscribed or oversubscribed. In such a scenario, the Hong Kong Public Offering could be increased to 20,998,200 Offer Shares (15% of the total) [[5]]. There is no explicit dividend policy or payout ratio target disclosed in the available details.

Placement and Issuance Breakdown

Offer Shares are allocated as follows:

• Hong Kong Public Offering: 13,999,000 H Shares (10% of total, subject to reallocation)
• International Offering: 125,989,800 H Shares (90% of total, subject to reallocation)

No cornerstone, anchor, or employee tranches are detailed in the disclosure.

Investor Participation and Book Quality

Subscription levels and the identity of anchor or institutional investors are not disclosed in the announcement. If both tranches are oversubscribed, the reallocation mechanism is triggered, which typically signals strong investor demand. No pre-listing disposals or sales by early shareholders are disclosed.

Deal Parties and Offering Structure

The book features a syndicate of high-profile banks and institutions:

• Joint Sponsors, Sponsor-overall Coordinators, Joint Global Coordinators, Joint Bookrunners, Joint Lead Managers (multiple roles): Names and specific institutions are not listed in the available announcement, but the presence of multiple coordinators and bookrunners implies a robust syndicate and well-supported listing process [[2]].

Stabilization/over-allotment (greenshoe) details are not specified. The involvement of multiple leading banks and underwriters typically supports first-day liquidity and price stability.

Company Overview: Business Model, Products, and Market Positioning

Shenzhen Woer Heat-Shrinkable Material Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, specializing in the production of heat-shrinkable materials. The company’s core business revolves around advanced polymer materials and related products used in electrical, communications, and industrial applications. Revenue streams are primarily generated from the sale of these materials to a range of industrial customers.

Key facts:

• Nominal Value per Share: RMB1.00
• Stock Code: 9981
• Market Focus: Advanced materials for industrial and electrical applications

Sector/industry size, concrete financials, and market share figures are not disclosed in the announcement.

Management Team and Governance

Leadership is spearheaded by:

• Zhou Heping (Chairman of the Board and Executive Director)
• Other Executive Directors: Ms. Yi Huarong, Mr. Liu Zhanli, Mr. Xia Chunliang, Ms. Deng Yang
• Non-Executive Director: Dr. Li Wenyou
• Independent Non-Executive Directors: Ms. Chen Yanyan, Mr. Zeng Fanyue, Ms. Dai Bingjie, Mr. Wang Dong

The presence of an experienced board with a mix of executive and independent directors aligns with typical governance standards for a Hong Kong listing [[9]].

Industry Trends, IPO Timing, and Market Environment

The offering is timed for market entry on February 13, 2026, with a fully electronic application process reflecting modernization and investor accessibility.
Recent developments and sector dynamics are not detailed in the announcement. However, the timing and structure suggest the company is capitalizing on robust capital market conditions and sectoral demand for advanced materials.

Risk Factors, Growth Strategy, and Shareholding Structure

Key risk factors, quantified exposures, and detailed growth strategies are not disclosed in the announcement. No breakdown of pre- and post-IPO shareholding, lock-ups, or ESOPs are provided. Investors should review the full prospectus for in-depth risk assessments and ownership structure.

Valuation and Peer Comparison

There is no comparative valuation table or peer company financials disclosed in the announcement. Key valuation metrics such as P/E, P/B, EV/EBITDA, revenue growth, and profitability ratios are not available.

Research Coverage and Analyst Opinions

No analyst coverage, price targets, or institutional opinions are disclosed.

IPO Allotment Results and Implications for Listing Day

Allotment results will be published on:
– www.hkexnews.hk
– www.woer.com
by 11:00 p.m., February 12, 2026.
The presence of a reallocation mechanism and a structured announcement date for final pricing and allocation suggest a transparent and orderly process for investors.

Listing Outlook: Subscription Value and Expected First-Day Performance

Based on the dual-tranche structure, potential reallocation in the event of oversubscription, and a tightly managed syndicate, the IPO appears to be structured for a successful launch with strong institutional and retail participation. Given the company’s sector focus and robust offering mechanics, the first-day trading range is likely to be stable and well supported near the offer price of HK\$20.09, with upside potential if oversubscription occurs. Investors should consider the lack of disclosed financial and peer comparison data when making final decisions.

Where to Obtain Further Details

The full prospectus and further updates are available at:
www.woer.com
www.hkexnews.hk

How to Apply for the Hong Kong Public Offering

Application is fully electronic – only via the following channels:

Minimum application: 200 H Shares per application, in multiples as specified in the offer table.
No physical application forms or in-person channels are available.

Shenzhen Woer Heat-Shrinkable Material Co., Ltd.’s Hong Kong IPO offers a gateway to China’s advanced materials sector for global investors, backed by a comprehensive digital application process, a clear timetable, and a well-structured deal. Investors should review the full prospectus via the official company and exchange websites for complete risk, financial, and strategy disclosures prior to subscribing.