Securities Code: 002552
Securities Abbreviation: Baoding Technology
Announcement Number: 2026-036
Baoding Technology Co., Ltd.
Announcement on Abnormal Stock Trading Fluctuations
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Key Content Highlights:
● Baoding Technology Co., Ltd. (hereinafter referred to as the "Company") stock experienced abnormal trading fluctuations from August 7 to August 11, 2026, with a cumulative closing price increase of over 20% over three trading days. According to the "Trading Rules of Shenzhen Stock Exchange," this constitutes abnormal stock trading fluctuations. Data from the Wind Information website on August 10, 2026, shows the Company's latest P/E ratio is 163.52, and its trailing P/E ratio is 117.89. The latest P/E ratio for the Company's industry (C39 Computer, Communication and Other Electronic Equipment Manufacturing) is 73.37, and its trailing P/E ratio is 62.12. The Company's P/E ratio is significantly higher than the industry average valuation level. From August 4 to August 11, the Company's stock price increased by 67.98% over six trading days. The rapid short-term increase and significant rise may pose a risk of rapid decline. We kindly remind investors to invest rationally and be aware of secondary market investment risks.
● The Company's products are not certified by Nvidia's supply chain. As of now, the Company has not had any contact with Nvidia, nor has it engaged in any form of business cooperation with them.
● The Company's copper-clad laminate products are mainly conventional products such as FR-4 and composite boards. There are no AI copper-clad laminates, and no applications in AI servers and computing power have been found. Currently, there are no sales of high-speed copper-clad laminates M7 and M9, and no related orders or operating income. Among these, M7 is currently in the customer certification phase, does not involve overseas customers, and there is significant uncertainty whether it can pass customer certification. M9 is in the early research and development phase, with no corresponding samples, and there is great uncertainty regarding related research and development progress and achievements.
● The Company's electronic copper foil is mainly HTE high-temperature high-elongation electrolytic copper foil, which is a general standard product and cannot be used in AI servers and computing power fields, with a relatively low gross profit margin. HVLP ultra-low profile copper foil is currently in the customer certification and market development phase, is not certified by the AI server supply chain, has not formed large-scale production, and has no expansion plans. There is significant uncertainty regarding future order acquisition and business expansion.