BAOMING TECH(SZ:002992)2025-07-08 11:38Group 1: Company Overview and Product Development - The company began developing composite copper foil products in 2021, with three iterations to date: PET-based, PP-based, and the third generation micro-porous PP composite foil, which significantly enhances performance metrics [4] - The third generation product features low surface resistance, no roller welding, and strong stress absorption, receiving high recognition from customers [4] Group 2: Production and Quality Metrics - The material utilization rate for the company's products is approximately 90%, accounting for necessary cutting during production [5] - The company has successfully introduced its products into mass production for clients in the power, energy storage, and consumer sectors, with progress reported as smooth [6] - The gross margin for the composite copper foil products is currently favorable [7] Group 3: Expansion Plans and Financial Strategies - The company plans to adjust its expansion arrangements based on market demand and will utilize self-funding, project loans, and refinancing to secure necessary funds for expansion projects [8] Group 4: Competitive Advantages and Future Applications - The company's composite copper foil offers a price advantage over electrolytic copper foil, with different pricing discounts based on order volume [9] - Feedback indicates that the third generation micro-porous composite foil better absorbs stress from the expansion and contraction of silicon-carbon anodes and solid-state batteries, showing strong competitive advantages in future applications [9] - The company is developing a fourth generation composite copper foil aimed at enhancing fast charging performance and improving safety by reducing lithium dendrite formation, with samples currently undergoing client testing [10]