Baogai New Material Technology Co., Ltd.
寶蓋新材料科技
💡 定價範圍HK$6.15–8.51，取中位數
Offer Price
HK$7.33
Market Cap
HK$3.9B
Listing Date
2026-07-08
Sector
新材料
📊 Valuation Analysis
P/S ratio
2.5x
偏低 — 定價有水位新材料 sector P/S benchmark: 8x – 15x
Revenue growth (YoY)
9.7%
Gross margin
38.2%
Net margin
16.8%
Profitability
Profitable
Fair value range by sector P/S benchmark: HK$23.41 – HK$43.89
💰 Financial Summary (FY2025)
Revenue
RMB1.44B
Prior revenue
RMB1.31B
Gross profit
RMB0.55B
Net profit
RMB0.24B
Figures in RMB (some companies converted from their prospectus reporting currency — see notes below).
📝 Key Notes
GEM板。高分子功能新材料。FY2025收入1.44億，毛利5,482萬(38.2%)，淨利2,410萬(16.7%)。已盈利，小市值。
🏢 Company Overview
寶蓋新材料科技股份有限公司，專注於高分子功能新材料研發與製造的國家級高新技術企業。核心產品涵蓋環保熱熔膠膜（EVA/POE/TPU）、光伏封裝膠膜及功能性複合材料，應用於光伏組件封裝、汽車內飾複合、建材夾層玻璃及高鐵風擋等高端製造領域。公司在華東及華南設有生產基地，服務隆基綠能、晶科能源、福耀玻璃、信義玻璃等行業頭部客戶。
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⚠️ For educational reference only and not investment advice. IPO pricing, listing dates and financial data are subject to change — always refer to HKEX announcements and the prospectus. Investing involves risk.