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

Baoding Technology - financials
| Fiscal Year Ended | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 379,799,855.2 | 404,558,624.5 | 445,360,913.4 | 325,947,648.9 | 216,341,369.4 | 324,431,926.3 | 323,990,637.3 | 180,200,399.9 | 238,535,904.1 | 310,847,147.2 | 340,370,963.9 | 366,673,036.5 | 353,163,711.9 | - | - | - |
| % 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) | 87,533,991.4 | 90,301,389.9 | 91,099,775.4 | 62,397,334.9 | 23,755,550 | 48,574,538.1 | 41,071,692.2 | (121,202,760.8) | (115,532,586) | 70,419,856.6 | 94,337,019.9 | 56,880,048.9 | 45,080,970.5 | - | - | - |
| Operating Income (USD) | 74,123,139.2 | 75,590,683.8 | 73,921,602.7 | 46,088,753 | 7,579,761.3 | 10,548,725.5 | (6,296,514.4) | (170,360,274.9) | (159,486,787.5) | 27,817,401.2 | 55,686,435.2 | 18,257,082.9 | 5,642,983.8 | - | - | - |
| Operating Margin | 19.5% | 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 Margin | 23.0% | 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) | 67,639,668 | 71,010,423.9 | 72,299,463 | 45,115,219.7 | 12,144,549.3 | 14,253,273.2 | 4,244,047.6 | (166,920,801.3) | (135,078,568.4) | 28,687,042.8 | 56,067,572.4 | 7,582,590.7 | 6,367,062.4 | - | - | - |
| % Net Margin | 17.8% | 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 Type | Deal Status | Target (s) | Deal Date | Investor(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 Direct | Announced | Zhaoyuan Hexi Gold Mine | - | ||||||||
| PIPE | Announced | Baoding Technology | - |
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Baoding Technology - employee data


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