据证券之星公开数据整理，近期宝鼎科技（002552）发布2025年中报。截至本报告期末，公司营业总收 入13.95亿元，同比下降5.77%，归母净利润2197.95万元，同比下降78.29%。按单季度数据看，第二季 度营业总收入7.11亿元，同比下降10.36%，第二季度归母净利润401.44万元，同比下降78.64%。本报告 期宝鼎科技公司应收账款体量较大，当期应收账款占最新年报归母净利润比达337.19%。 本次财报公布的各项数据指标表现不尽如人意。其中，毛利率14.23%，同比增2.35%，净利率0.72%， 同比减90.43%，销售费用、管理费用、财务费用总计1.1亿元，三费占营收比7.87%，同比增13.83%，每 股净资产4.27元，同比减4.2%，每股经营性现金流-0.48元，同比减229.76%，每股收益0.05元，同比减 79.17% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 14.8亿 | 13.95 Z | -5.77% | | 归母净利润(元) | 1.01亿 | 2197.95万 ...

Core Viewpoint - Baoding Technology (002552) has released its semi-annual performance forecast, indicating a net profit of 20 million to 28 million yuan for the first half of the year, with basic earnings per share ranging from 0.04 to 0.06 yuan [1] Group 1: Company Performance and Operations - The company reported a production capacity of 300,000 tons per year at the Hexi Gold Mine, with an expected output of 527.09 kilograms of finished gold in 2024, all of which will be self-produced [1] - Baoding Technology's subsidiary, Jinbao Electronics, is a key player in the domestic PCB supply chain, providing integrated services from design to production for electronic copper foil and copper-clad laminates [1] - The company completed the acquisition of 100% equity in Hexi Gold Mine in November 2023, which will contribute to revenue growth through gold mining and sales [4] Group 2: Industry Growth and Market Trends - The high-frequency copper-clad laminate market in China is projected to grow from 950 million yuan in 2017 to 4.334 billion yuan by 2024, with a compound annual growth rate of 24.21% [2] - The demand for electronic copper foil and copper-clad laminates is driven by applications in 5G communications, smart devices, and automotive electronics, indicating a broad development space for the industry [2] - The gold market in China is experiencing rapid growth, with significant increases in trading volumes and values, reflecting heightened market activity and consumer interest in gold products [4][5] Group 3: Research and Development - Jinbao Electronics emphasizes enhancing its R&D capabilities, with 50% of its R&D personnel having over ten years of experience, focusing on electrochemistry, electroplating alloys, and chemical engineering [3] - The company has undertaken over 30 national and provincial major technology projects and has received multiple awards for technological advancements [3] - Jinbao Electronics is involved in setting industry standards, contributing to the establishment of national standards for copper foil and laminated boards, thereby strengthening its competitive edge [3]