Baoding Technology(SZ:002552) Quan Jing Wang·2025-09-08 09:43Core Viewpoint - Baoding Technology (002552) is focusing on the development and production of HVLP copper foil, which has significant application potential in advanced fields such as 5G communication, smart vehicles, and high-speed servers, with a projected global market size growth from approximately $1.45 billion in 2024 to $2.8 billion by 2033, reflecting a compound annual growth rate (CAGR) of about 8.3% from 2026 to 2033 [1][2]. Group 1: Company Developments - Baoding Technology's HVLP copper foil project is expected to complete trial production by the end of 2024, primarily supplying to copper-clad laminate and PCB manufacturers [1]. - In the first half of 2025, Baoding Technology achieved revenues of 233 million yuan from copper foil and 969 million yuan from copper-clad laminates, indicating strong growth driven by emerging applications in server and data center sectors [2]. - The company’s subsidiary, Jinbao Electronics, is a high-tech enterprise that provides integrated services from design to production of electronic copper foil and copper-clad laminates, establishing itself as a core supplier in the domestic PCB industry [2]. Group 2: Research and Development - Baoding Technology increased its R&D investment to 45.19 million yuan in the first half of 2025, a year-on-year growth of 7.27%, and has completed multiple national and provincial research projects, securing 77 invention patents [3]. - The company is focusing on developing key technologies for high-strength low-profile copper foil and aims to enhance product performance and market competitiveness through continuous innovation [3]. Group 3: Industry Positioning - Baoding Technology has established a comprehensive quality management system and has obtained various international certifications, enhancing its technical competitiveness and industry influence [4]. - The company is actively participating in the formulation of national standards for copper foil and copper-clad laminates, which supports the domestic supply chain and contributes to the advancement of the industry [4]. - With the release of HVLP copper foil production capacity, Baoding Technology is positioned to drive revenue growth and transition from a domestic core supplier to a leading global electronic materials enterprise, supporting the high-quality development of China's electronic information industry [4].