Jintian Co., Ltd.: Copper busbar capacity in the chip and semiconductor field currently 35,000 mt; 2025 electromagnetic flat wire shipments 25,000 mt

On July 27, Jintian Co.'s stock price fell. As of the close on July 31, Jintian Co. dropped 1.22% to 9.7 yuan per share.

In terms of market news, Jintian Co. announced the Record of Investor Relations Activities (July 22-24, 2026) showing:

1. Company's Industry Position and Competitive Advantages.

Jintian Co. responded: The company has been deeply engaged in the non-ferrous metal processing field for 40 years, and is one of the largest and most complete industry chain enterprises in China. In 2025, the company achieved total production of copper and copper alloy materials of 1.9061 million mt, with total copper semis production ranking first globally. The company's copper products are diverse, capable of meeting clients' one-stop procurement needs for various copper semis such as billets, pipes & tubes, plate and strip, and wire. Our copper products have been widely applied in NEVs, AI computing power, clean energy, communications technology, and other fields. Currently, the company has formed profound cultural heritage and excellent organizational strength, with significant market size status and globalized industrial layout; possessing leading manufacturing and R&D strength; constructed a specialized product matrix and established a solid top-tier client group in the industry, while building a green secondary technology barrier for the future, laying a solid foundation for becoming a world-class copper product and advanced material base.

2. Capacity Construction Plans in Key Emerging Fields.

Jintian Co. responded: Currently, the company's copper busbar capacity in the chip semiconductor field is 35,000 mt, and in the rack busbar field, copper busbar capacity is 15,000 mt. The company has established a liquid cooling technology subsidiary in Guangdong to continuously enhance copper busbar capacity and technical level in both chip semiconductor and rack busbar fields. Meanwhile, the company is investing in the construction of a "30kt high-precision copper busbar production project for liquid cooling heat dissipation and rack busbars" in Vietnam, further promoting the specialization and rapid development of liquid cooling related businesses. For capacity plans in other emerging fields, please refer to the company's periodic reports.

3. Construction Progress and Business Status of Electromagnetic Flat Wire.

Jintian Co. responded: In 2025, the company's electromagnetic flat wire shipments reached 25,000 mt, up 16% YoY. Among them, shipments of flat wire for 800V and above high-voltage platforms grew 50% YoY, with high-voltage flat wire shipments accounting for 47%, up 10 percentage points YoY, leading in market share. The company's new energy electromagnetic flat wire development projects have cumulatively achieved mass production of over 200 items, with 60 new energy drive motor fixed-point projects added throughout the year, of which 36 were new high-voltage platform fixed-point projects, accounting for 60%, and many have achieved batch supply. The company's 1000V drive motor flat wire products have become the core supporting material for "MW flash charging" technology in NEVs, with some projects already in batch supply; meanwhile, customer certification for 1200V drive motor flat wire is progressing orderly, and the 1500V platform has completed product design verification and entered the customer recommendation stage, securing a first-mover advantage for the next generation of high-voltage platform mass production.

4. Construction Progress and Business Status of Rare Earth Permanent Magnet Products.

Jintian Co. responded: After more than 20 years of deep cultivation, the company's rare earth magnetic materials business has now become one of the enterprises with high technology and a comprehensive product system among domestic peers. Currently, the company has magnetic material production sites in both Ningbo and Baotou. Based on an annual capacity of 9,000 mt, it is actively planning the Baotou base Phase II project to further increase capacity to 13,000 mt. In 2025, the company's rare earth magnetic materials achieved a main business revenue of 1.718 billion yuan, up 32.47% YoY; the gross margin of rare earth magnetic materials was 12.61%, up 4.25 percentage points YoY. Amid the rare earth export control policy, the company became one of the first enterprises approved by the Ministry of Commerce and the General Administration of Customs to obtain general export licenses for rare earth permanent magnets; at the same time, through the newly established German subsidiary, it is accelerating international layout and increasing international market share. The company's rare earth permanent magnet products are now widely applied in many high-end fields such as NEVs, wind power generation, high-efficiency energy-saving motors, robots, consumer electronics, and medical devices.

5. Position Advantages and Business Achievements in the Secondary Copper Field.

Jintian Co. responded: The company has now become one of the enterprises with the largest secondary copper utilization volume and highest comprehensive utilization rate in China, and is one of the few companies globally that has achieved a closed-loop entire industry chain of secondary copper recycling, purification, and deep processing. The company's self-developed low-carbon secondary copper products, while ensuring product performance, have obvious carbon reduction strategic value, providing high-quality and complete one-stop green copper semis solutions for cutting-edge technology and zero-carbon economy development. In 2025, sales of the company's green high-end low-carbon secondary copper products grew 54% YoY. The current product matrix has covered copper strip, copper wire, electromagnetic wire, copper pipe & tube, copper busbar, copper billet, etc., and is applied in high-end consumer electronics, automotive industry, power and electrical fields, specifically including laptop cooling modules, phone vibration motors, wireless charging coils, NEV e-drive, AC/DC power supply scenarios, achieving mass production in many world-renowned client products, forming a new performance driving factor represented by "green low-carbon secondary copper products".

On July 1, Jintian Co. announced that in June 2026, the company repurchased 660,000 shares through centralized bidding, accounting for 0.04% of the current total share capital. The highest transaction price was 10.55 yuan/share and the lowest was 10.15 yuan/share. The total amount paid was 6,844,400 yuan (excluding transaction fees).

Huaxi Securities research report pointed out: In the wave of AI computing power infrastructure, the demand logic for copper is expanding from a traditional power metal to the core underlying material for AI hardware. 1) With rates of AI servers, switches, and high-speed network equipment continuing to increase, copper cables in short-distance high-speed interconnects, with advantages of low cost, low power consumption, and low latency, still hold important positions in in-rack interconnects, server backplanes, and high-speed connection scenarios. 2) Demand for high-performance copper foil from high-frequency high-speed PCBs, AI accelerator cards, and switch motherboards is rising; low-profile, high-ductility, and high-reliability copper foil becomes a key material for high-speed signal transmission. 3) Increased power density of AI servers drives demand growth for power supply copper busbars, connector copper alloys, liquid cooling plates, heat dissipation modules, and power system copper semis. Copper upgrades from a "volume logic" to a dual logic of "volume + material added value". In the high-end copper foil and copper semis segment: [Tongguan Copper Foil], [Zhongyi Technology], [Jiayuan Technology], [Nuode], [Defu Technology], [Baoding Technology], [Boway Alloy], [Chujiang New Materials], [Jintian Co.], [Zhejiang Hailiang], [Zhongyuan New Materials], [Diangong Alloy], [Youyan Powder Materials]; in the high-speed interconnect and connector extension targets: [Wuer Kablo], [Shenyu Co.], [Zhaolong Interconnect], [Dingtong Technology], [Huafeng Science and Technology].