宝鼎科技(002552) - 2025年8月4日投资者关系活动记录表

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]