Shenzhen Baoming Technology Co., Ltd.
宝明科技
002992
Shenzhen Stock Exchange
Company Profile
1. The company possesses industry-leading technology R&D capabilities The company has a well-established R&D system and strong R&D strength, having built a fully equipped R&D laboratory center. As of the end of the reporting period, the company had obtained 24 domestic invention patents, 187 domestic utility model patents, and 1 foreign utility model patent. In the traditional display business, the company has increased R&D investment in the application of new technologies. The technical level of PEDOT coating for LCD panels has been rapidly improved, and the company has begun stable mass supply to multiple customers, making this business a new growth point for the company's panel deep-processing business. In the field of automotive backlight products, the company has achieved new breakthroughs in technical areas such as high-brightness HUD and circular Mini LED. The HUD backlight, leveraging a self-developed convex lens technology, achieves a brightness of 1.5 million nits, which has been highly recognized by multiple customers and has been mass-produced and shipped in several vehicle models. In the new materials business, the microporous composite copper foil developed by the company has passed validation and approval from multiple customers. It effectively enhances battery safety performance and successfully addresses the issues of resistance and welding. In addition, the company's composite copper foil series products, thanks to their excellent performance advantages, have broad application prospects in the field of AI server communication signal shielding and consumer electronics EMI (electromagnetic interference). 2. The company has built a high-quality, stable, and sticky customer resource base Well-known global LCD panel manufacturers such as CSOT (Huaxing Optronics), Tianma, TRULY, HKC, and BOE are key customers for the company's LED backlight and LCD panel deep-processing business. Their continuous and stable orders provide a reliable guarantee for the company's operating performance. The company has also established strategic cooperative partnerships with leading display module manufacturers including Tongxingda, HuaXian Optoelectronics, Dongshan Precision, and Goworld, as well as long-term cooperative relationships with many renowned Tier 1 suppliers such as Yanfeng Visteon, Hangsheng Electronics, Skyworth, Tianshan Electronics, Haiwei, and Joyson. Through years of accumulation in technology, product quality, and operational management, the company has gained wide recognition from customers and established a relatively stable customer base. These high-quality, stable, and sticky customer resources, on the one hand, provide the company with abundant business opportunities, reduce operational risks, and give the company a clear competitive advantage in the industry. On the other hand, when the company develops new business along the industrial chain, leveraging its close cooperative relationships with major panel and module manufacturers, it can more easily enter customers' supply chain systems, providing strong support for the company's business expansion. 3. The company has achieved a high degree of automation in its production process To establish a leading edge in product technology, quality, and efficiency, the company has long placed great emphasis on continuous investment in automation and information technology resources. It has formed an experienced automation technical team that continuously provides technical support for the automated production processes across various product lines, upgrading and optimizing automation levels, achieving flexible manufacturing capabilities in automated production lines. This meets customers' requirements and the needs for large-scale, intensive production processes, enhancing the company's product quality and production efficiency. 4. The company has the advantage of integrated full-process production supporting capabilities The company's full-process production model boasts the ability to develop customer-specific products and to respond quickly to large-scale customer demands, possessing core technologies for each key process. To meet customers' needs for customization and single-run mass production, the company demonstrates its unique advantage in integrated full-process production support, which improves overall production efficiency and enables rapid delivery to customers.
Full description
The company is primarily engaged in the R&D, production, and sale of LED backlights and composite copper foils, as well as the deep processing of LCD panels. LED backlights and touch display screens are important components of flat-panel display devices, which can be widely used in smartphones, tablets, automotive displays, medical displays, industrial control displays, and other fields. Composite copper foils are mainly used in power batteries, energy storage batteries, and consumer batteries. Through years of continuous innovation and accumulation, the company has steadily improved its product development, production processes, quality management, and supply capacity to reach advanced levels in the industry, earning wide recognition from downstream customers. The company has become a supplier to well-known enterprises such as BOE, Tianma, Huaxing Optronics (CSOT), HKC, TRULY, Tongxingda, Dongshan Precision, Changxin, Goworld, Yanfeng Visteon, Hangsheng Electronics, Skyworth, Joyson, Tianshan Electronics, and others. The company's products are widely used in the smart cockpits of automotive brands including BYD, Xiaomi, NIO, Xpeng, Great Wall, Geely, Hongqi, SAIC Group, Wuling, Chery, Changan, Honda, Toyota, Suzuki, Hyundai, Volkswagen, Volvo, Peugeot, Renault, Bentley, as well as in smart terminal devices of well-known brands such as Huawei, ZTE, Honor, Xiaomi, OPPO, vivo, Transsion, Samsung, Amazon, iFlytek, Goertek, DJI, and others. The company was founded in 2006, initially focusing on LED backlights. In 2007, it began to engage in the touchscreen business. In 2021, the company established its wholly-owned subsidiaries Shenzhen New Materials and Ganzhou New Materials, which are primarily engaged in the R&D, production, and sale of new composite copper foil materials. The company's main business, major products, and operating model have not significantly changed during the reporting period.