On February 26, Baoding Technology Co., Ltd. stated on an interactive platform that the rise in gold prices is beneficial for improving the gross profit margin of its finished gold products. The company also disclosed that, according to the 2024 reserve report, its wholly-owned subsidiary, Penglai City Hexi Gold Mine Co., Ltd., holds total gold resource reserves of 3.865 million tons of ore and 10.96 tons of gold metal.

Located in Daliuhang Town, Penglai District, Shandong Province, China, the Hexi Gold Mine is a production enterprise integrating gold exploration, mining, mineral processing, and smelting. The mine was established in August 1993, completed its restructuring in 2003, introduced Shandong Gold Group as the controlling shareholder in 2008, and became a wholly-owned subsidiary of Shandong Gold Mining Co., Ltd. in 2016.

In 2023, Baoding Technology, primarily engaged in large-scale casting and forging, acquired 100% equity of the Hexi Gold Mine through an acquisition, thereby entering the gold production sector. In 2025, the mine's "Hexi Mining Area Resource Integration and Development Project (Phase I)" completed its final acceptance, marking a new stage in its production and operations. The reserve data disclosed this time provides a crucial basis for the market to assess the value of the company's gold segment business.