Boqian New Materials: Broad Prospects for Two Major Businesses

English summary

### Boqian New Materials: Broad Prospects for Two Major Businesses Time: 2026-08-01 15:04:05 Content: Boqian New Materials is the world's second and China's only manufacturer of 80nm-class ultra-fine metal powder using the PVD method, a bottleneck material factory. The underlying technology is atmospheric plasma gas-phase condensation. It is currently stuck in two super tracks: First, high-end nickel powder in AI servers and 800V automotive MLCC, with a global market share of 15% and domestic high-end share of over 60%. Japan's Shoei's capacity is locked by long-term orders from Murata and Taiyo Yuden with no new additions. The company signed a 4-year long-term agreement with Samsung locking in volume of 5,420-6,495 tons and amount of 4.3-5 billion yuan. In 2026, high-end nickel powder prices will also rise by 10%-20%, and processing profits are all incremental. In 2026, nickel powder can earn about 600 million yuan, and in 2027, shipments are expected to double to over 1 billion yuan, making it an absolute cornerstone. ...