Lingbao Wason Copper Foil Revenue, Valuation, Funding & Investors

Lingbao Wason Copper Foil is valued at $6B as of July 2020, a 21.5x multiple on its last reported $280M revenue.

Last Lingbao Wason Copper Foil valuation

$6B

Strategic investment · Jul 2020

Last Lingbao Wason Copper Foil funding round

$83M

Strategic investment · Jul 2020

Lingbao Wason Copper Foil revenue

$280M

Strategic investment · Jul 2020

Key investors in Lingbao Wason Copper Foil

  • SK Holdings

Lingbao Wason Copper Foil Overview

About Lingbao Wason Copper Foil

Lingbao Wason Copper Foil is a Chinese manufacturer of high-performance copper foil for lithium-ion batteries in electric vehicles, personal computers, and electronic equipment. Operating from Henan province, it supplies major battery producers with ultra-thin foils meeting stringent conductivity and flexibility standards.


Founded

2001

HQ

ChinaLingbao

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Revenue

$280M (Jul 2020)

Valuation

$6B (Jul 2020)

Lingbao Wason Copper Foil Valuation

Lingbao Wason Copper Foil is currently valued at $6B, based on its strategic investment round in July 2020.

The $83M round was led by SK Holdings.

Lingbao Wason Copper Foil's valuation has grown 10x from $603M at its strategic investment round in November 2018 to $6B in July 2020, across 2 priced rounds.

Lingbao Wason Copper Foil valuation by funding round

Revenue multiple
Lingbao Wason Copper Foil valuation by funding round
DateStageValuationRevenue Multiple
Jul 2020Strategic investment$6B21.5x
Nov 2018Strategic investment$603M-

Lingbao Wason Copper Foil Revenue

Lingbao Wason Copper Foil's latest recorded revenue is $280M, as of its strategic investment round in July 2020. At a $6B valuation, that implies a 21.5x revenue multiple.

Lingbao Wason Copper Foil revenue by funding round

Lingbao Wason Copper Foil revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jul 2020$280M$6B21.5xStrategic investment

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Lingbao Wason Copper Foil Funding History

Lingbao Wason Copper Foil has raised a total of $323M across 2 funding rounds.

Lingbao Wason Copper Foil's first fundraising round was a $240M strategic investment round in November 2018. The most recent completed round was a $83M strategic investment round in July 2020.

Lingbao Wason Copper Foil funding rounds

Lingbao Wason Copper Foil funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2020Strategic investmentSK Holdings (lead)$83M$6BLingbao Wason Copper Foil Company Limited is a leading Chinese producer of high-quality copper foil, recognized as the world's largest in the sector under its owner Londian Wason Energy Tech. The company operates in the growing copper foil market critical for EV batteries and electronics. SK Holdings invested a total of 380 billion KRW between 2019 and 2020 to acquire a 30% stake through a special purpose company, with the specific July 17, 2020 investment being an additional 100 billion KRW (US$83 million) as reported. This followed an earlier 270 billion KRW acquisition of 30% from Lingbao Gold Group in November 2018. By 2024, Londian Wason's corporate value reached mid-4 trillion to 5 trillion KRW, valuing SK's 30% stake at about 1.5 trillion KRW, more than tripling the original investment. SK initiated a sale of this stake to global private equity firms ahead of a potential Hong Kong or New York IPO, targeting around 1 trillion KRW in capital gains. Financial metrics include 340 billion KRW revenue and 62 billion KRW operating profit for 2017.
Nov 2018Strategic investmentSK Holdings (lead)$240M$603MLingbao Wason Copper Foil is a China-based manufacturer of high-precision copper foil, an essential material for batteries used in electric vehicles and consumer electronics, with clients including Panasonic Electric and BYD Auto. Founded in 2001 as a subsidiary of gold mining company Lingbao Gold Group, it had an annual manufacturing capacity of 30,000 tonnes at the time of the investment and planned to expand to 75,000 tonnes by 2022 using the proceeds. On November 27, 2018, SK Holdings, the holding company of South Korea's SK Group, acquired a 30% stake in Lingbao Wason Copper Foil from Lingbao Gold Group for KRW 270 billion (approximately $240 million USD), making SK Holdings the second-largest shareholder. This implied a post-money valuation of KRW 900 billion for the full company, as the investment was for exactly 30% ownership. The company reported KRW 340 billion in revenue and KRW 62 billion in operating profit for the fiscal year 2017, the most recent full-year figures available near the transaction date. SK Holdings' investment aligned with its strategy to build an ecosystem in the electric vehicle sector, driven by rising global demand for copper foil amid EV growth. The deal marked SK's entry into high-quality copper foil production in China, with Lingbao Wason positioned as a leading producer. Later developments included SK Holdings planning to exit its stake around 2023, targeting significant gains as the company's value rose to an estimated mid-4 trillion to 5 trillion KRW.

Who has invested in Lingbao Wason Copper Foil?

1 investor has backed Lingbao Wason Copper Foil across its funding rounds, including SK Holdings.

Lead investors include SK Holdings.


Lingbao Wason Copper Foil Investors

Investors in Lingbao Wason Copper Foil by funding rounds participated
InvestorHQRoundsRoleFirst check

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Lingbao Wason Copper Foil Competitors

Lingbao Wason Copper Foil competitors include listed companies like Genesis Minerals, Perseus Mining, Jindal Stainless and Montage Gold, and private ones like Xiamen Golden Egret Special Alloy and Alcoa Saudi Arabia.

Public and private companies comparable to Lingbao Wason Copper Foil
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Genesis MineralsAustraliaAustraliaPublicly listed$1.2B$675M$6B4.2x
Perseus MiningAustraliaAustraliaPublicly listed$1.5B$826M$6.1B3.3x
Jindal StainlessIndiaIndiaPublicly listed$4.5B$579M$6.2B1.4x
Montage GoldCanadaCanadaPublicly listed-($49M)$5.8B86.9x
Xiamen Golden Egret Special AlloyChinaXiamenPrivate$461M-$7.1B15.4x
Alcoa Saudi ArabiaSaudi ArabiaJeddahPrivate--$4.4B-

Lingbao Wason Copper Foil Public Comps

Lingbao Wason Copper Foil is still privately-owned, but its public comps include Genesis Minerals, Perseus Mining, Jindal Stainless, Montage Gold, Merdeka Gold Resources, CSN Mineração, NexGen Energy, OceanaGold, Minera Frisco and Kobe Steel.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Genesis Minerals$1.2B$675M4.8x4.2x8.8x7.5x
Perseus Mining$1.5B$826M3.6x3.3x6.4x6.0x
Jindal Stainless$4.5B$579M1.5x1.4x11.8x11.4x
Montage Gold-($49M)-86.9x(116.6x)434.3x
Merdeka Gold Resources$132K($3M)50841.4x42.0x(2367.7x)61.3x
CSN Mineração$3.5B$959M1.9x2.2x6.9x6.6x
NexGen Energy-($189M)--(32.2x)(85.3x)
OceanaGold$1.9B$1.2B3.1x2.4x5.1x4.0x

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Common questions about Lingbao Wason Copper Foil

When was Lingbao Wason Copper Foil founded?Lingbao Wason Copper Foil was founded in 2001.
Where is Lingbao Wason Copper Foil headquartered?Lingbao Wason Copper Foil is headquartered in Lingbao, China.
Is Lingbao Wason Copper Foil publicly listed?No, Lingbao Wason Copper Foil is a private, VC-backed company.
What is Lingbao Wason Copper Foil's valuation?Lingbao Wason Copper Foil was last valued at $6B in its strategic investment round in July 2020.
How much funding has Lingbao Wason Copper Foil raised?Lingbao Wason Copper Foil has raised $323M across 2 funding rounds.
What was Lingbao Wason Copper Foil's last funding round?Lingbao Wason Copper Foil's last funding round was a $83M strategic investment round in July 2020, led by SK Holdings.
Who are Lingbao Wason Copper Foil's investors?Lingbao Wason Copper Foil's investors include SK Holdings.
What is Lingbao Wason Copper Foil's revenue?Lingbao Wason Copper Foil's latest recorded revenue is $280M (July 2020).
What is Lingbao Wason Copper Foil's revenue multiple?Lingbao Wason Copper Foil's latest valuation implies a 21.5x revenue multiple ($6B valuation on $280M of revenue).
Which companies are comparable to Lingbao Wason Copper Foil?Companies comparable to Lingbao Wason Copper Foil include Genesis Minerals, Perseus Mining, Jindal Stainless, Montage Gold, Xiamen Golden Egret Special Alloy and Alcoa Saudi Arabia.

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