If you want to speculate in the stock market, you can see the research report of Jin Kirin analysts.BolpokerAuthoritative, professional, timely, comprehensive, to help you tap the potential theme opportunities!

On the evening of April 28, the hot concept "composite copper foil" leading concept Baoming Technology suddenly announced that it planned to terminate the composite copper foil production base project. The project was originally planned to invest as much as 6.2 billion yuan. By the close of trading on the 29th, Baoming Technology was up 0%.Bolpoker.46%, at 45.80 yuan per share.

The announcement on terminating the Maanshan Baoming Technology Composite Copper foil production Base Project issued by Baoming Technology that night shows that the relevant motion to terminate the project has been examined and passed by the company's board of directors and board of supervisors and needs to be submitted to the shareholders' general meeting for consideration.

As for the reasons for the termination of the project, Baoming Technology said that due to the change in the company's investment plan, in order to avoid the waste of project resources and effectively safeguard the interests of the company and all shareholders, after careful study and consultation with the management committee of the new functional area adjacent to Ningma Province in Maanshan City and the Operation and Management Co., Ltd., Hengwang Industrial Park in Maanshan City, the company intends to terminate the relevant project contracts signed with the two institutions. Terminate the investment project of the production base.

Baoming Technology said that there is no pre-investment in this investment project company. According to the relevant agreement, the relevant local departments or institutions invest in and build the project in the early stage, and the signing of the relevant termination agreement and the termination of the investment project are not expected to have a significant impact on the company's operation and performance.

The reporter consulted that the first announcement of this production base was in January 2023. At that time, Baoming Technology said that the planning of the composite copper foil production base is to achieve the company's strategic layout and long-term planning, to achieve the company's layout in the new energy battery industry.

In February and April 2023, Baoming Science and Technology signed "project investment construction contract" and "agent construction contract" with the above two local institutions respectively.

This 6.2 billion yuan investment project is aimed at the new lithium battery material composite copper foil (or "copper composite current collector"), which is still in the early stage of industrialization.

At present, the negative collector of lithium battery uses pure metal copper foil, while the composite copper foil is made of "copper-polymer material-copper" three-layer superimposed "sandwich" structure. This design is beneficial to increase the battery energy density, reduce the amount of copper metal to reduce the battery cost, improve the battery safety and so on.

At present, the copper composite current collector is still in the early stage of industrialization. Jinmei New Materials, which is in the lead in mass production, plans to realize the mass supply of 6 micron thick copper composite collector by 2024.

For a newly emerging industry, the investment plan of 6.2 billion yuan is very huge.

Announcement composite copper foil production base project for more than a year, investors pay attention to the progress of Baoming science and technology composite copper foil, the market also has a "small composition" outflow, while Baoming technology disclosure of composite copper foil progress is very low-key.

In the company's 2023 annual report released on the evening of April 28, Baoming Technology repeatedly mentioned the development of composite copper foil, and introduced that "the company has made a breakthrough in battery material composite copper foil technology, has batch production capacity, and the company's development strategy is advancing steadily." However, the more specific progress in the industrialization of composite copper foil products is not introduced.

According to the 2023 annual report of Baoming Technology, the company is mainly engaged in the R & D, design, production and sales of new flat panel display devices. Composite copper foil has not brought real revenue growth to the company (related revenue is about 170000 yuan in 2023).