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Chinese producer of electrolytic copper foil and copper-clad laminate for PCBs, plus gold mining.
Chinese producer of electrolytic copper foil and copper-clad laminate for PCBs, plus gold mining.
Prices copper foil and laminate as copper cost plus a processing fee, so the fee is what it earns, while the gold-mining unit sells at market prices and adds exposure to gold. PCB demand drives the first and gold prices drive the second.
In one line: A Chinese Nan Ya/Elite Material for copper-clad laminate, with a mining arm.
Moat: narrow (process know-how, scale). Specialty copper-foil grades (low-profile, high-frequency) require process expertise.
Headquarters: China · Employees: 2,205
Size Baoding Technology (002552.SZ) is a China Industrials company (Metal Fabrication) with a market value of $1.84B, the 1363rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥31.70 on 6 Nov 2026.
Performance Over six months the shares gained 43.6%, against -19.9% for the median peer and -16.4% for the China market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 63.6% over the last twelve months (peer median +13.9%); the operating margin is 15.0% (peer median 8.2%).
Valuation It trades at 3.0× enterprise value to sales against a peer median of 3.5× (10th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +54%, so the hurdle is -43 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.0 points above its cost of capital (8.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.83B | CN¥3.14B | CN¥2.87B | CN¥3.04B | CN¥1.79B |
| Revenue growth | — | +10% | -6% | +70% | — |
| Gross profit | CN¥1.30B | CN¥479M | CN¥352M | CN¥303M | CN¥314M |
| EBITDA | n/a | CN¥439M | CN¥312M | CN¥224M | CN¥242M |
| Net income | CN¥429M | CN¥124M | CN¥248M | CN¥185M | CN¥70.9M |
| Free cash flow | CN¥373M | CN¥115M | -CN¥281M | -CN¥240M | CN¥41.3M |
| Capital expenditure | CN¥13.1M | CN¥64.0M | CN¥203M | CN¥187M | CN¥51.8M |
| Total debt | CN¥1.92B | CN¥2.29B | CN¥2.21B | CN¥2.62B | CN¥1.86B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Baoding Technology 002552.SZ | $1.84B | +44% | +64% | 15% | 3.0× | 11.3% |
| Elite Material 2383.TW | $41.4B | -19% | +89% | 26% | 8.3× | n/a |
| Nan Ya Plastic 1303.TW | $57.4B | +155% | +6% | 6% | 7.1× | n/a |
| Shengyi Technology 600183.SS | $25.7B | -8% | +56% | 22% | 4.4× | 20.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002552.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.0% | -10.3% | 4th lowest of 21 |
| 6-month return | +43.6% | -19.9% | 2nd highest of 21 |
| Distance from 52-week high | -59.9% | -48.9% | 7th lowest of 21 |
| Revenue growth (TTM) | +63.6% | +13.9% | highest of 21 |
| Operating margin | 15.0% | 8.2% | 7th highest of 21 |
| EV / Sales | 3.0× | 3.5× | 10th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 11.3% | 16.5% | 4th least demanding of 10 |
| Growth delivered (Del g) | +54.0% | +12.8% | highest of 10 |
| Hurdle (Req g minus delivered) | -42.7 pp | +2.4 pp | least demanding of 10 |
| ROIC minus cost of capital | +6.0 pp | -0.5 pp | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Baoding Technology 002552.SZ | China | $1.84B | +44% | +64% | 15% | 3.0× | 11.3% | +54.0% |
| Beijer Alma BEIA-B.ST | Sweden | $1.86B | 0% | +6% | 15% | 2.6× | 9.9% | +12.8% |
| SF Diamond 300179.SZ | China | $1.81B | -12% | +34% | 11% | 17.3× | 49.2% | +12.2% |
| Hebei Huatong Wires and Cables 605196.SS | China | $1.94B | -41% | +49% | 10% | 1.6× | n/a | n/a |
| Gaona Aero Material 300034.SZ | China | $1.71B | -29% | +5% | 5% | 3.3× | 21.3% | +18.5% |
| Happy Forging HAPPYFORGE.NS | India | $1.70B | +20% | +16% | 25% | 9.8× | 42.7% | +21.2% |
| Nanshan Aluminium International 2610.HK | Hong Kong | $1.67B | -45% | -19% | 21% | 1.1× | n/a | n/a |
| Azad Engineering AZAD.NS | India | $1.66B | +8% | +29% | 28% | 24.5× | n/a | n/a |
| Changzhou Nrb 002708.SZ | China | $1.63B | +50% | +29% | 1% | 4.0× | n/a | n/a |
| NBTM New Materials 600114.SS | China | $2.14B | -40% | +6% | 9% | 2.5× | 13.8% | +13.0% |
| Lizhong Sitong Light Alloys 300428.SZ | China | $2.14B | -3% | +24% | 4% | 0.6× | n/a | n/a |
| Suzhou UIGreen Micro&Nano Technologies 688661.SS | China | $1.55B | -44% | -7% | -3% | 12.2× | n/a | n/a |
| Essence Fastening Systems (Shanghai) 301005.SZ | China | $1.54B | -55% | +17% | 0% | 11.2× | n/a | n/a |
| Luoyang Xinqianglian Slewing Bearing 300850.SZ | China | $1.54B | -42% | +10% | 21% | 3.0× | n/a | n/a |
| Usha Martin USHAMART.NS | India | $1.54B | 0% | +9% | 17% | 3.8× | 23.1% | +12.0% |
| Shenzhen Vital New Material 301319.SZ | China | $1.53B | +15% | +34% | 5% | 5.4× | n/a | n/a |
| HENGHUI Technology 301678.SZ | China | $1.53B | -28% | +10% | 8% | 8.2× | n/a | n/a |
| Zhejiang Changsheng Sliding Bearings 300718.SZ | China | $2.25B | -29% | +20% | 21% | 9.9× | 16.5% | +14.1% |
| Anhui Honglu Steel Construction (Group) 002541.SZ | China | $2.30B | +4% | +12% | 5% | 1.2× | 3.8% | +10.4% |
| Richelieu Hardware RCH.TO | Canada | $1.48B | -2% | +7% | 7% | 1.1× | 5.7% | +11.7% |
| Taihan Cable & Solution 001440.KS | South Korea | $2.31B | -70% | +22% | 5% | 0.9× | n/a | n/a |