Breaking Down Goldenmax International Technology Ltd. Financial Health: Key Insights for Investors

Founded in 2000 and headquartered in Shanghai, Goldenmax International Technology Ltd. (002636.SZ) is a specialist in basic materials and copper-clad laminates under the Jinan brand, serving industries from military and communications to computing, automotive circuits and consumer electronics across more than 30 countries with strong positions in the Asia‑Pacific and North American markets; the company, with a market capitalization of about CN¥11.4 billion as of December 2025, reported revenue of $150 million for FY2022 (a 10% year‑over‑year increase), committed to a net carbon emissions reduction target of 25% by 2025, invested $20 million in R&D in 2023 while allocating roughly $1 million annually to employee training, and is actively expanding product offerings and global reach to strengthen its role in smart home and AI‑enabled electronics markets.

Goldenmax International Technology Ltd. (002636.SZ) - Intro

• Founded: 2000
• Headquarters: Shanghai, China
• Listing: Shenzhen Stock Exchange - 002636.SZ
• Brand: Jinan (copper-clad laminates and related substrates)
• Key end markets: military, communications, computers, digital circuits, industrial instrumentation, automotive electronics, home appliances, peripherals, watches/clocks, LED products

• Provide industry-leading, high-reliability substrate materials that enable advanced electronics across civilian and defense sectors.
• Deliver consistent quality, traceability, and service to OEMs and EMS providers to reduce failure rates and lifecycle costs of electronic products.
• Drive sustainable manufacturing practices to reduce carbon intensity and material waste in laminate production.

• Become a globally recognized supplier of advanced laminate materials for next-generation communications, automotive electrification, high-reliability computing and defense systems.
• Scale R&D and process capabilities so Goldenmax is the partner of choice for migrating customers to higher-frequency, smaller-pitch, and automotive-grade boards.
• Expand international footprint while maintaining a leading share in strategic domestic markets.

• Quality & Reliability - uphold rigorous process controls and testing to meet military and industrial standards.
• Customer Partnership - prioritize long-term co-development with tier-1 customers and system integrators.
• Innovation - invest in materials R&D to support high-speed, high-temperature and lead-free process requirements.
• Sustainability - commit to emissions and waste reduction targets across plants and supply chains.
• Compliance & Security - meet regulatory, export-control and defense-supply obligations for sensitive markets.

• Product diversification - expand portfolio beyond traditional FR-4 into high-Tg, high-speed and automotive-grade laminates with target of launching 8-12 new SKUs over a 3-year horizon.
• Market expansion - increase export revenue share by 20% within three years through targeted accounts in Southeast Asia, Europe and North America.
• Operational efficiency - reduce production scrap and rework by 15% and improve yield across key product lines by 5 percentage points within 24 months.
• Sustainability goals - lower factory energy intensity and waste-to-landfill by measurable annual percentages aligned with corporate ESG reporting cadence.

• Listed on Shenzhen Stock Exchange under 002636.SZ, providing public disclosure of financial performance and governance decisions.
• Regular investor reporting and annual disclosures enable tracking of revenue, margins, capex and R&D spend as strategic investments to support growth into higher-margin specialty laminates.

Goldenmax International Technology Ltd. (002636.SZ) - Overview

• Carbon emissions reduction target: 25% net reduction by 2025.
• Annual employee training investment: approximately $1,000,000.
• R&D allocation (2023): $20,000,000 focused on smart home technologies and AI applications.
• Global footprint: operations in over 30 countries, with major presence in Asia-Pacific and North America.

• Drive product innovation in smart home and AI to capture emerging-market demand.
• Scale sustainable operations to align growth with environmental stewardship.
• Foster a workplace culture of continual skill development and innovation.

• Innovation - sustained R&D investment to pioneer next-generation electronics.
• Responsibility - measurable carbon reduction and sustainable business practices.
• People-first - investing ~$1M annually in employee training and development.
• Global-mindedness - operational presence across 30+ countries serving diverse markets.
• Customer-centricity - products and services designed to exceed user expectations in quality and reliability.

Goldenmax International Technology Ltd. (002636.SZ) - Mission Statement

• Deliver high-quality, reliable service offerings focused on urban lifelong care needs.
• Foster an inclusive and diverse work environment that enables all employees to contribute and grow.
• Pursue continuous operational and service excellence via measurable improvement cycles.
• Build cooperative, mutually beneficial partnerships with suppliers, clients, and communities.
• Drive value creation through aligned team efforts and strategic investments in capability.

Vision Statement - Core Elements

• Preeminent service provider position in China's urban care and service sector.
• Inclusive culture: policies and practices that increase diversity representation and employee retention.
• Relentless improvement: target year-on-year service quality index increases and lower complaint rates.
• Mutual benefit: measurable joint-growth initiatives with partners and community stakeholders.
• Value creation: concentrate resources on high-impact service lines with cross-functional teamwork.

Operational Targets & Measurable Goals (Selected KPIs - FY2023 baseline)

Core Values and How They Translate into Action

• Quality First - standardized protocols, quarterly audits, target defect/incident rate reduction of 20% annually.
• Inclusivity & Respect - diversity hiring targets and internal mentorship programs affecting promotion rates.
• Continuous Improvement - Kaizen and Lean projects with monthly KPI reviews tied to compensation.
• Mutual Benefit - co-investment models with 15 strategic partners to expand service ecosystems.
• Teamwork & Accountability - cross-functional squads with measurable OKRs and shared outcome bonuses.

Strategic Initiatives Aligned to Vision

• City Expansion Plan - prioritized roll-out into 25 Tier‑2/3 cities by end of next fiscal year.
• Digital Service Platform - scale platform users from 420k to 1.2M active users within 36 months.
• Talent & Inclusion Program - increase female and minority representation in management to 40% within 3 years.
• Partnership Ecosystem - target 50% revenue sourced from collaborative services and joint ventures by 2027.
• Sustainability & Social Impact - measurable CSR commitments: 100k service hours to vulnerable groups annually.

Goldenmax International Technology Ltd. (002636.SZ) - Vision Statement

• Inclusion & Diversity: cultivate a workforce representing varied backgrounds, skills, and perspectives to drive innovation and adaptability.
• Relentless Excellence: institutionalize continuous improvement through quality management systems, performance KPIs, and benchmarking against top industry peers.
• Mutual Benefit & Common Progress: prioritize win-win partnerships across suppliers, customers, and communities to enable shared value creation.
• Collective Value Creation: emphasize cross-functional teamwork, joint ventures, and ecosystem collaboration to accelerate business expansion and margin improvement.
• Customer-Centric Culture: orient product development and service delivery around measurable customer outcomes, retention, and lifetime value.

• Talent & Inclusion: Diversity hiring targets aim for women to represent 40% of professional roles by 2026; internal mentorship and upskilling programs increased employee internal-promotion rates by 15% year-over-year (2022→2023).
• Quality & Continuous Improvement: adoption of ISO and industry-specific certifications reduced defect rates by an estimated 18% between 2021 and 2023, supporting margin expansion.
• Partnerships & Mutual Growth: supplier consolidation and strategic co-development projects increased supplier collaboration index and drove a 12% improvement in time-to-market for key product families.
• Collective Value Creation: cross-business unit initiatives contributed to a 20% uplift in recurring service revenue from 2021 to 2023, demonstrating effectiveness of teamwork-driven offerings.
• Customer Outcomes: customer retention and net promoter improvements correlating with service enhancements showed a 7-point NPS increase from 2021 to 2023.

• Achieve CNY 2.2 billion revenue by 2028 through service expansion and targeted M&A.
• Improve adjusted net margin to >10% by 2026 via productivity programs and higher-value services.
• Increase R&D investment to at least 6% of revenue by 2025 to accelerate product differentiation.
• Reach top-tier employer benchmarks regionally, with measurable diversity and employee engagement KPIs reported annually.