A-share Subscription | Wenfeng Optoelectronics (920296.BJ) Opens for Subscription, One of the Domestic Special Cable Manufacturers Whose Products Cover Six Major Military Industry Fields

On October 12, Wenfeng Optoelectronics (920296.BJ) opened for subscription, with an issue price of 11.45 yuan per share, a subscription of 1 million shares, and an issue price-to-earnings ratio of 13.51 times. It belongs to the Beijing Stock Exchange, with Guoyuan as its sponsor. The prospectus shows that Wenfeng Optoelectronics is mainly engaged in the research and development, production, and sales of high-performance, high-reliability special cables and optoelectronic components, among other products. Its products are widely used in aviation, aerospace, weapons, military electronics, ships, nuclear industry, and other fields. The company has scientific research and production capabilities in customized production of special cables, flexible manufacturing, precision testing, and timely supply assurance, providing customers with reliable products and first-class service. The company's products are mainly used in the military industry, and its main customers include AVIC, Aerospace Hi-Tech Holding Group, CASIC, China North Industries Group, China South Industries Group, CETC, Changhong Electronics, China CSSC, China Academy of Engineering Physics, and their subordinate key enterprises and research institutes. Wenfeng Optoelectronics' main products include special cables, optoelectronic components, etc. The conductors of the company's special cables mostly use high-purity copper-based and alloy conductors such as silver-plated, tin-plated, and nickel-plated ones. The insulation materials mainly use high-performance fluoroplastics such as cross-linked ethylene-tetrafluoroethylene copolymer, melt-processable polytetrafluoroethylene, and fluorinated ethylene propylene, as well as polyimide composite film materials, etc., and apply special thin-wall extrusion technology, wrapping and sintering technology, and wire core compaction molding technology, etc., so that the products have excellent electrical performance (good conductivity, high shielding, strong electrical insulation, large current-carrying capacity), signal transmission performance, soft, light, and tough mechanical properties, flame retardancy, high and low temperature resistance, corrosion resistance, radiation resistance, good convenience, and high reliability. At present, Wenfeng Optoelectronics has developed into a domestic top-ranking enterprise in the field of military special cables, with a wide product coverage, a relatively complete product structure, and independent intellectual property rights for the development and production of special cables and optoelectronic components. The company's products have nearly 50 series, more than 400 categories, and thousands of specifications, making it one of the domestic special cable manufacturers whose products cover six major military industry fields. The company's "Wenli" trademark has been awarded the title of "China Well-Known Trademark," as well as "the First Anhui Manufacturing Industry Top Ten Key Promotion Brands." According to a statement issued by the Wire and Cable Branch of the China Electrical Equipment Industry Association, the business scale of Wenfeng Optoelectronics' leading products ranks among the top five in the military aerospace special cable segment, and the business scale of its main products ranks among the top ten in the military special cable market. Relying on its technical accumulation in the field of special cables, stable product performance, and supporting service capabilities, the company has become one of the core suppliers in the domestic military cable field, with strong competitive advantages and brand recognition in the high-end segment. In terms of financials, for the 2023 fiscal year, 2024 fiscal year, 2025 fiscal year, and January-June 2026, the company achieved operating revenue of approximately 207 million yuan, 194 million yuan, 230 million yuan, and 169 million yuan, respectively; during the same periods, it recorded net profit of approximately 69.5212 million yuan, 58.1282 million yuan, 70.9810 million yuan, and 54.9292 million yuan, respectively.