On August 21, Baoding Technology (002552.SZ) released its semi-annual report for 2023, revealing a revenue of 1.256 billion yuan, representing a year-on-year growth of 542.36%. Net profit attributable to shareholders of the listed company amounted to 67.2491 million yuan, a surge of 1019.29% compared to the previous year. The net loss attributable to shareholders of the listed company, after deducting non-recurring gains and losses, was 74.4995 million yuan. Basic earnings per share stood at 0.15 yuan. The growth in revenue was primarily attributed to the merger with Jinbao Electronics, which added 1.059 billion yuan in revenue from the copper clad laminates and copper foil business.

According to the official website, Baoding Technology is a high-tech enterprise primarily engaged in the research, production, and sale of various large-scale cast and forged products. In September 2022, Baoding Technology completed a major asset restructuring, making Jinbao Electronics its controlling subsidiary and incorporating it into the consolidated financial statements. This addition brought in electronic copper foil and copper clad laminate assets and business for the company.

Jinbao Electronics is a high-tech enterprise specializing in the design, research, production, and sale of electronic copper foil and copper clad laminates. As one of the few domestic high-tech companies that provide integrated processes from design, research, and development to production for both electronic copper foil and copper clad laminates, Jinbao Electronics has the capability to offer a wide range of products to meet the needs of different industries and customers. It has become one of the important suppliers in the domestic printed circuit board (PCB) industry chain, with a high-quality customer base and long-term, stable, and good cooperative relationships with many well-known domestic companies. Its products have gained a good reputation in the industry.

Baoding Technology previously announced that in 2023, it will increase research and development investment to enhance product competitiveness. With research and development as the foundation, the company will accelerate project construction, particularly for the 7,000 tons/year high-speed high-frequency board copper foil project for 5G applications and the HVLP (High-Voltage Low-Profile) copper foil project for 5G communication. The company aims to build a high-end product line and upgrade its product portfolio.

According to Prismark's forecast, the global PCB market is expected to reach 101.559 billion US dollars by 2026, with a compound annual growth rate of 4.6%, indicating steady industry growth.

Jinbao Electronics has historically focused on composite boards and aluminum-based substrates as its main products. It has only recently begun to prioritize the development of FR-4 business. Therefore, it has gone through a considerable period of production line construction, product development, and market expansion. It is gradually moving towards large-scale sales. With excellent product performance and subsequent capacity expansion, Jinbao Electronics still has significant potential for growth in the rapidly developing overall market.

-----------------------------------------------------------------------

Source: Company Announcement, Quanwei Net

Disclaimer: We respect originality and value sharing. The copyrights of the text and images belong to the original authors. The purpose of reprinting is to share more information and does not represent the position of the company. If there is any infringement of your rights, please contact us promptly, and we will delete it as soon as possible. Thank you.