Baoding Technology

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Baoding Technology - overview

Established

1989

Location

Hangzhou, Zhejiang, China

Primary Industry

Industrial Machinery

About

Established in 1989 and based in Hangzhou, China, Baoding Technology operates as a heavy casting and forging developer that provides large castings, forgings, hook assemblies, and complete equipment of various steel grades. The company covers a total area of approximately 160000 square meters and has machinery, hydraulic press, forging, machining, and casting factories. It passed IS09001:2015 quality management system certification and ISO10012-2013 measurement management system certification, and products are exported to Germany, Norway, France, Finland, Canada and Singapore. In March 2020, the company was selected as a water-saving enterprise in Hangzhou.


In February 2011, it was listed on the Shenzhen Stock Exchange and its stock code is 002552. In September 2022, Shandong Zhaojin Group announced to invest CNY 300 million in the company. The company engages in the research and development of castings, forgings, hook assemblies, and complete equipment of various steel grades, and testing instruments including imported direct reading spectrometers, mobile spectrometers, nitrogen hydrogen oxygen analyzers and material testing machines, etc. Its products are divided into seven series, which include the high-tech series, lifting machinery series, mining machinery series, marine products series, marine forgings, marine castings and welded structural components, such as large compressor casing, stator core and four jaw anchor hook.


Products can be applied in ships, marine engineering, electricity, engineering machinery, and military industries.   The revenue of the company was about CNY 1. 38 billion in 2022. The company will invest in 7000 tons/year HVLP copper foil project for high-speed high-frequency board 5G, replenishment of working capital for listed companies and payment of intermediary agency fees.


Primary Industry

Industrial Machinery

Sub Industries

Industrial Machinery

Website

www.baoding-tech.com

Verticals

Manufacturing

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Baoding Technology - timeline of key events

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Baoding Technology - financials

Fiscal Year EndedDec 31, 2009Dec 31, 2010Dec 31, 2011Dec 31, 2012Dec 31, 2013Dec 31, 2014Dec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024
Revenue (USD)379,799,855.2404,558,624.5445,360,913.4325,947,648.9216,341,369.4324,431,926.3323,990,637.3180,200,399.9238,535,904.1310,847,147.2340,370,963.9366,673,036.5353,163,711.9---
% Revenue Growth (YoY)-6.5%10.1%(26.8%)(33.6%)50.0%(0.1%)(44.4%)32.4%30.3%9.5%7.7%(3.7%)---
EBITDA (USD)87,533,991.490,301,389.991,099,775.462,397,334.923,755,55048,574,538.141,071,692.2(121,202,760.8)(115,532,586)70,419,856.694,337,019.956,880,048.945,080,970.5---
Operating Income (USD)74,123,139.275,590,683.873,921,602.746,088,7537,579,761.310,548,725.5(6,296,514.4)(170,360,274.9)(159,486,787.5)27,817,401.255,686,435.218,257,082.95,642,983.8---
Operating Margin19.5%18.7%16.6%14.1%3.5%3.3%(1.9%)(94.5%)(66.9%)8.9%16.4%5.0%1.6%---
% EBITDA Margin23.0%22.3%20.5%19.1%11.0%15.0%12.7%(67.3%)(48.4%)22.7%27.7%15.5%12.8%---
NET Income (USD)67,639,66871,010,423.972,299,46345,115,219.712,144,549.314,253,273.24,244,047.6(166,920,801.3)(135,078,568.4)28,687,042.856,067,572.47,582,590.76,367,062.4---
% Net Margin17.8%17.6%16.2%13.8%5.6%4.4%1.3%(92.6%)(56.6%)9.2%16.5%2.1%1.8%---

Baoding Technology - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, LP DirectAnnouncedZhaoyuan Hexi Gold Mine-
PIPEAnnouncedBaoding Technology-

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Baoding Technology - employee data

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