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Baoding Technology Clarification: The company has not had any contact with NVIDIA nor has it engaged in any form of business cooperation with them.

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Golden Finance reports that on June 16th, Baoding Technology (002552.SZ) issued an announcement regarding abnormal stock trading fluctuations and risk warnings. Recently, the company has noticed online rumors about its products being included in NVIDIA's supply chain certification system, but all such information is false. To date, the company has not had any contact with NVIDIA nor engaged in any form of business cooperation. The company's copper-clad laminate products mainly include standard products such as FR-4 and composite boards. Currently, there are no AI copper-clad laminates, and no applications have been found in AI servers and computing power fields. There are no sales of high-speed copper-clad laminate M7 and M9 products, nor any related orders or revenue. The company's electronic copper foil primarily consists of 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. The product gross profit margin is relatively low. The ultra-low profile copper foil HVLP1-3 is still in the customer certification and market expansion stage, has not been included in the AI server supply chain certification, has not entered mass production, and has no expansion plans. Future order acquisition and business development are uncertain. HVLP4 is in the early R&D stage, with no test samples yet, and there is significant uncertainty about whether the development will succeed. In the first quarter of 2026, HVLP copper foil revenue is approximately 100k yuan, accounting for only 0.01% of the company's total revenue, and its sales volume accounts for only 0.03% of the company's copper foil sales. It mainly consists of customer certification sample products, with no formal orders or foreign sales, and has limited short-term impact on the company's overall operating performance.
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