宝鼎科技股份有限公司 2025 年半年度报告全文 宝鼎科技股份有限公司 Baoding Technology Co., Ltd. （杭州余杭区塘栖镇工业园区内） 2025 年半年度报告 二零二五年八月 1 宝鼎科技股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人张旭峰、主管会计工作负责人丛守延及会计机构负责人(会计 主管人员)杨涛声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺， 存在一定的不确定性，投资者及相关人士应对此保持足够的风险认识，并且 应当理解计划、预测与承诺之间的差异。 公司在本报告第三节"管理层讨论与分析"中"十、公司面临的风险和应对 措施"描述了公司经营中可能面临的风险，敬请广大投资者认真阅读相关具体 内容，注意投资风险。 公司经本次董事会审议通过的利润分配预案为：以 387,985,331 ...

金融界消息 截至2025年8月15日收盘，宝鼎科技（002552）报收于16.44元，上涨6.48%，换手率 5.64%，成交量18.07万手，成交金额2.91亿元。 资金流向方面，今日主力资金净流入3012.27万元，占比成交额10.36%。其中，超大单净流入2020.64万 元、占成交额6.95%，大单净流入991.62万元、占成交额3.41%，中单净流出流出3423.92万元、占成交 额11.78%，小单净流入411.66万元、占成交额1.42%。 宝鼎科技最新一期业绩显示，截至2025一季报，公司营业总收入6.83亿元、同比减少0.47%，归属净利 润1796.51万元，同比减少78.22%，扣非净利润2003.55万元，同比增长3.61%，流动比率1.039、速动比 率0.757、资产负债率59.04%。 天眼查商业履历信息显示，宝鼎科技股份有限公司，成立于1999年，位于杭州市，是一家以从事金属制 品业为主的企业。企业注册资本38798.5331万人民币，实缴资本21717万人民币。公司法定代表人为张 旭峰。 通过天眼查大数据分析，宝鼎科技股份有限公司共对外投资了3家企业，参与招投标项目21次，专 ...

金融界消息 截至2025年8月13日收盘，宝鼎科技（002552）报收于16.25元，下跌0.43%，换手率 2.88%，成交量9.22万手，成交金额1.49亿元。 通过天眼查大数据分析，宝鼎科技股份有限公司共对外投资了3家企业，参与招投标项目21次，专利信 息56条，此外企业还拥有行政许可40个。 资金流向方面，今日主力资金净流出1688.03万元，占比成交额11.31%。其中，超大单净流入36.68万 元、占成交额0.25%，大单净流出1724.72万元、占成交额11.55%，中单净流出流入485.62万元、占成交 额3.25%，小单净流入1202.42万元、占成交额8.05%。 来源：金融界 宝鼎科技最新一期业绩显示，截至2025一季报，公司营业总收入6.83亿元、同比减少0.47%，归属净利 润1796.51万元，同比减少78.22%，扣非净利润2003.55万元，同比增长3.61%，流动比率1.039、速动比 率0.757、资产负债率59.04%。 天眼查商业履历信息显示，宝鼎科技股份有限公司，成立于1999年，位于杭州市，是一家以从事金属制 品业为主的企业。企业注册资本38798.5331万人民币 ...

Group 1 - The core viewpoint of the news is that Baoding Technology (002552) has experienced a decline in stock price and significant net outflow of funds, indicating potential concerns regarding its financial performance and market sentiment [1][3] - As of August 12, 2025, Baoding Technology's stock closed at 16.32 yuan, down 2.68%, with a turnover rate of 3.15% and a trading volume of 100,800 lots, amounting to 164 million yuan [1] - The latest financial results for Baoding Technology show total revenue of 683 million yuan for Q1 2025, a year-on-year decrease of 0.47%, and a net profit attributable to shareholders of 17.97 million yuan, down 78.22% year-on-year [1] Group 2 - The company has a current ratio of 1.039, a quick ratio of 0.757, and a debt-to-asset ratio of 59.04%, indicating its liquidity and financial leverage [1] - Baoding Technology has made investments in three external companies, participated in 21 bidding projects, and holds 56 patents, along with 40 administrative licenses [2]

Summary of Key Points Core Viewpoint - The 2024 A-share Secretary Data Report indicates that the total salary of secretaries in A-share listed companies reached 4.086 billion yuan, with an average annual salary of 754,300 yuan, reflecting a 9% increase from 2023 [1]. Salary Distribution - The average salary for secretaries in the machinery and equipment-general equipment industry is approximately 627,200 yuan, with the highest salary being 2.636 million yuan for Wu Sanqiang from China International Marine Containers [1]. - The majority of secretaries (50%) earn between 500,000 and 1 million yuan, totaling 109 individuals [1]. - The average salary increased by 21,500 yuan from 2023, marking a 9% rise [1]. Age Structure - The average age of secretaries is approximately 45.78 years, with the largest age group being 40-49 years, comprising 42% of the total [3]. - The oldest secretary is 68 years old, earning 433,300 yuan, while the youngest is 30 years old, earning 297,500 yuan [3]. Educational Background - The distribution of secretaries by education level includes 4 PhDs, 71 Master's degrees, 121 Bachelor's degrees, and 24 with diplomas or lower, with average salaries of 1.2249 million yuan, 662,600 yuan, 603,000 yuan, and 560,400 yuan respectively [5]. Compliance and Regulatory Issues - Zhu Mengyong, the secretary of Xinlai Materials, faced severe penalties for insider trading, resulting in a total fine of 2.1664 million yuan due to illegal gains from stock trading during a sensitive period [7]. - Xiao Yonglin from Haoshi Electromechanical received a warning and a fine of 2 million yuan for his involvement in market manipulation, highlighting the regulatory scrutiny on executive compliance [8].

Group 1: Dongwei Technology - Dongwei Technology's VCP equipment has been successfully developed since 2009 and was first applied in the iPhone 4 in 2010, achieving over 50% market share in PCB electroplating equipment [1] - The company anticipates increased demand for high-end electroplating equipment due to the investment boom in Southeast Asia and the growth of big data storage [1] - The profit margin for pulse electroplating equipment is approximately 40%, with potential for higher margins through large-scale production [1] - Orders for PCB electroplating equipment typically take 6 to 9 months from order to receipt, with smaller orders taking around 6 months and larger orders potentially extending to 1 to 1.5 years [1] - The company reported over 100% year-on-year growth in order value for vertical continuous electroplating equipment in the first half of this year [1] Group 2: Baoding Technology - Baoding Technology's main business includes electronic copper foil, copper-clad laminates, and gold mining, with its small loan company experiencing poor performance [2] - The operating performance of Jinbao Electronics is declining, with revenue and gross margin expected to continue decreasing in the first half of 2025 [2] - The company plans to develop high-quality customers for copper-clad laminate products and increase customer acquisition for copper foil products [2] - The first phase of the expansion project at Hexi Gold Mine is on schedule for completion in August, which will increase finished gold output [2] - The company has no current plans for equity incentive programs and operates without hedging business [2] Group 3: Investment Firm Overview - Juming Investment is a new private equity fund manager in China, focusing on "contrarian investment" and "growth investment" with a management scale exceeding 30 billion [3] - The core team consists of professionals from top public funds and asset management industries, with a strong academic background from prestigious institutions [3] - The firm has received multiple industry awards for its performance, including the Golden Bull Award and Yinghua Award, demonstrating its successful investment track record [3]

宝鼎科技（SZ 002552，收盘价：16.73元）发布公告称，2025年8月4日14:00-15:00，宝鼎科技接受民生 证券等投资者调研，公司董事兼副总经理陈绪论等参与接待，并回答了投资者提出的问题。 （文章来源：每日经济新闻） 2024年1至12月份，宝鼎科技的营业收入构成为：制造业占比88.45%，有色金属矿采选业占比11.55%。 ...

Company Overview - Baoding Technology Co., Ltd. was listed on the Shenzhen Stock Exchange in February 2011, initially on the SME board and now on the main board [1] - The company specializes in large castings and forgings, with a significant shift in control to Shandong Zhaojin Group in 2019 [1] - In 2022, the company underwent a major asset restructuring, acquiring 63.87% of Shandong Jinbao Electronics Co., Ltd., expanding into copper-clad laminates and copper foil business [1] - In 2023, the company transferred control to Shandong Jindu State Capital Investment Group and acquired 100% of Zhaoyuan Hexi Gold Mine Co., Ltd., entering the gold mining sector [1] Business Structure - The current main business segments are electronic copper foil, copper-clad laminates, and gold mining [1][2] - Jinbao Electronics, acquired in 2022, has seen a decline in performance due to increased competition and cyclical industry impacts [2] - For 2024, Jinbao Electronics is projected to produce 19.09 million sheets of copper-clad laminates and 1.56 million tons of copper foil, with a capacity utilization rate that is considered sufficient [2] Future Plans - The company aims to enhance market share for copper-clad laminates and develop high-quality customers for copper foil products, particularly targeting 5G communication applications [3] - Expansion at Hexi Gold Mine is ongoing, with completion expected in August 2025 [3] - The company has no current plans for stock incentive programs [5] Financial and Operational Insights - The tax rate for Hexi Gold Mine is set at 25%, and the company does not engage in hedging activities [5] - The cost of gold production is expected to remain stable post-expansion [5] Governance and Strategic Direction - The controlling shareholder, Jindu State Capital Investment Group, aims to position Baoding Technology as a state-owned asset management entity [3][4] - Conditions for the potential injection of assets from Zhongkuang Group include ensuring normal operations and clear ownership of the underlying businesses [4]

Group 1 - The number of shareholders for Baoding Technology decreased to 23,779 as of July 31, representing a reduction of 4,770 shareholders or a decline of 16.71% compared to the previous period [1] - This marks the second consecutive period of decline in the number of shareholders for the company [1] - The closing price of Baoding Technology was 17.50 yuan, reflecting an increase of 5.04%, with a cumulative increase of 7.23% since the concentration of shares began [1] Group 2 - In the first quarter, the company reported a revenue of 683 million yuan, a year-on-year decrease of 0.47%, and a net profit of 17.9651 million yuan, down 78.22% year-on-year [1] - The basic earnings per share were 0.0400 yuan, with a weighted average return on equity of 1.23% [1] - The company issued a half-year performance forecast on July 15, estimating a net profit between 18 million yuan and 26 million yuan, indicating a year-on-year change of -82.22% to -74.32% [1]

Group 1 - The general equipment sector saw a slight increase of 0.22% on August 1, with Xun'an Technology leading the gains [1] - The Shanghai Composite Index closed at 3559.95, down 0.37%, while the Shenzhen Component Index closed at 10991.32, down 0.17% [1] - Xun'an Technology's stock price rose by 9.74% to 26.26, with a trading volume of 69,400 shares and a transaction value of 174 million yuan [1] Group 2 - The general equipment sector experienced a net outflow of 1.284 billion yuan from institutional investors, while retail investors saw a net inflow of 1.497 billion yuan [2] - The top gainers in the general equipment sector included Xun'an Technology, with a significant increase in trading volume and transaction value [1][2] - The overall market sentiment reflected a mixed performance, with some stocks experiencing notable declines, such as Fangsheng Co., which fell by 9.11% [2]