格隆汇8月6日丨华阳新材(600281.SH)公布，因太原市国土空间规划调整，原计划转让土地未来的用地 性质无法确定，山西华阳新材料股份有限公司申请终止开化村土地使用权转让工作。2025年6月20日， 山西省人民政府批复同意《太原市人民政府关于太原市10县（市、区）国土空间总体规划的请示》，其 中《晋源区国土空间总体规划（2021—2035年）》提出，晋源区中部将构建农文旅融合发展区,并政地 国用（2006）第00236号土地坐落于规划辖区内。鉴于区域规划调整，该宗地未来用地性质无法确定。 公司现终止该宗地使用权的转让工作，并拟与太化集团签订补充协议，明确该宗地终止转让的事项。 ...

华阳新材公告，因太原市国土空间规划调整，原计划转让土地未来的用地性质无法确定，公司申请终止 开化村土地使用权转让工作。该宗地土地面积为1517.47平方米，转让款为130.35万元，土地出让金补偿 款为412.96万元，共计543.31万元。公司拟与太化集团签订补充协议，明确该宗地终止转让的事项。 ...

Market Performance - The small metals sector increased by 0.49% on August 6, with Jintian Titanium leading the gains [1] - The Shanghai Composite Index closed at 3633.99, up 0.45%, while the Shenzhen Component Index closed at 11177.78, up 0.64% [1] Individual Stock Performance - Jintian Titanium (688750) closed at 23.01, up 4.64% with a trading volume of 119,700 shares and a transaction value of 273 million yuan [1] - Baotai Co. (600456) closed at 32.62, up 3.56% with a trading volume of 257,500 shares and a transaction value of 843 million yuan [1] - Caoyuan Tungsten (002378) closed at 9.33, up 2.64% with a trading volume of 439,600 shares and a transaction value of 409 million yuan [1] - Other notable performers include Baowu Magnesium (002182) up 2.30% and Zhongtung High-tech (000657) up 2.09% [1] Capital Flow Analysis - The small metals sector experienced a net outflow of 452 million yuan from main funds, while retail investors saw a net inflow of 355 million yuan [2][3] - The main funds showed a significant outflow from Jintian Titanium, with a net outflow of 37.02 million yuan [3] - Retail investors contributed positively to Jintian Titanium with a net inflow of 7.50 million yuan [3] Summary of Key Stocks - Jintian Titanium had a notable trading day with a significant increase in share price despite main fund outflows [1][3] - Baotai Co. and Caoyuan Tungsten also showed positive price movements, indicating investor interest in these stocks [1] - The overall small metals sector reflects mixed capital flows, with retail investors actively participating [2][3]

从资金流向上来看，当日小金属板块主力资金净流入5000.67万元，游资资金净流入537.53万元，散户资 金净流出5538.2万元。小金属板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002167 | 东方错业 | 12.72 | 1.19% | 66.93万 | 8.56亿 | | 600301 | 华锡有色 | 22.43 | 0.95% | 7.47万 | · 1.68亿 | | 600281 | 华阳新材 | 6.82 | 0.59% | 16.88万 | 1.15亿 | | 002378 | 章源钨业 | 9.09 | 0.55% | 1 30.32万 | 2.76亿 | | 600111 | 北方稀土 | 36.45 | 0.41% | 133.59万 | 48.48 乙 | | 301026 | 浩通科技 | 27.19 | 0.33% | 2.68万 | 7285.68万 | | 002182 | 宝武镁业 | 12.19 | 0.33% | 11.1 ...

Company Overview - Huayang New Materials latest stock price is 7.03 yuan, up by 0.10 yuan from the previous trading day [1] - The stock reached a high of 7.08 yuan and a low of 6.76 yuan during the trading session, with a trading volume of 309,900 hands and a total market capitalization of 3.616 billion yuan [1] Business Operations - Huayang New Materials is engaged in the research and production of new materials, operating in sectors such as minor metals and biodegradable plastics [1] - The company is registered in Shanxi Province and has a background in central state-owned enterprise reform [1] Market Activity - On July 30, Huayang New Materials experienced a rapid rebound, with a price of 6.91 yuan at 9:38 AM, showing an increase of over 2% within five minutes [1] - The net inflow of main funds on that day was 10.3021 million yuan, accounting for 0.28% of the circulating market value [1]

金融界消息 截至2025年7月30日收盘，华阳新材（600281）报收于7.03元，上涨1.44%，换手率6.02%， 成交量30.99万手，成交金额2.15亿元。 来源：金融界 资金流向方面，今日主力资金净流入1030.21万元，占比成交额4.79%。其中，超大单净流入165.05万 元、占成交额0.77%，大单净流入865.16万元、占成交额4.02%，中单净流出流出39.21万元、占成交额 0.18%，小单净流出991.00万元、占成交额4.61%。 通过天眼查大数据分析，山西华阳新材料股份有限公司共对外投资了9家企业，参与招投标项目107次， 知识产权方面有商标信息9条，专利信息11条，此外企业还拥有行政许可4个。 华阳新材最新一期业绩显示，截至2025一季报，公司营业总收入9241.24万元、同比增长120.89%，归属 净利润9881.52万元，同比增长482.00%，扣非净利润2656.44万元，同比减少2.48%，流动比率0.624、速 动比率0.470、资产负债率84.08%。 天眼查商业履历信息显示，山西华阳新材料股份有限公司，成立于1999年，位于太原市，是一家以从事 化学原料和化学制品 ...

证券之星消息，7月30日小金属板块较上一交易日下跌2.02%，中钨高新领跌。当日上证指数报收于 3615.72，上涨0.17%。深证成指报收于11203.03，下跌0.77%。小金属板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600281 | 华阳新材 | 1030.21万 | 4.79% | -39.21万 | -0.18% | -991.00万 | -4.61% | | 002978 安宁股份 | | -101.99万 | -0.61% | 659.43万 | 3.92% | -557.44万 | -3.32% | | 301026 浩通科技 | | -362.11万 | -4.91% | -383.97万 | -5.20% | 746.08万 | 10.11% | | 600301 | 华锡有色 | -1089.62万 | -5.40% | 684.50万 | 3.39% | 405. ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - The platinum market faces a structural shortage, with supply contraction in South Africa, stable demand from automotive exhaust catalysts, and incremental demand from the hydrogen energy industry and jewelry sector. The global platinum market's core contradiction lies in the high dependence on South Africa for supply (accounting for over 70% of production in 2024), but reduced capital expenditure and low recycling have led to a continuous supply contraction (CAGR of -1% from 2015 - 2025). On the demand side, automotive exhaust catalysts (accounting for 43% in 2024) provide a rigid foundation, and the rapid growth of plug - in hybrid vehicles still requires PGM catalysts. The hydrogen energy industry and gold substitution (high gold prices driving platinum jewelry consumption) offer elastic growth [3]. - The influx of risk - averse funds and continuous supply disruptions have led to a continuous increase in platinum prices. Geopolitical conflicts have strengthened the financial attribute of platinum, attracting risk - averse funds. Supply disruptions have also played a catalytic role. In Q1 2025, platinum mine supply decreased by 13% year - on - year (-117,000 ounces) due to factors such as heavy rainfall and floods in South African mining areas, low smelting capacity utilization in South Africa and Zimbabwe, and mine restructuring in North America. The high gold - platinum ratio in history indicates an undervaluation of platinum's value, which may attract value investment. However, the recent continuous rise in platinum prices still depends on market consensus. If the consensus is strengthened, the value center has room for continuous upward movement, and platinum's value fluctuations largely depend on market sentiment [3]. - Investment advice: On the supply side, short - term production cuts in South Africa cause supply fluctuations, and inventory is currently at a low level. In the long - term, low capital expenditure leads to supply contraction, and high supply concentration poses certain risks. On the demand side, traditional industrial demand is relatively stable, and the rapid growth of plug - in hybrid vehicles still requires PGM catalysts. High gold prices promote platinum substitution in the jewelry field. It is recommended to focus on the "resources + technology" line and pay attention to relevant companies [3]. 3. Summary According to the Table of Contents 3.1 Platinum Metal Properties and Industrial Chain Structure - Platinum group metals include platinum, palladium, rhodium, etc., with high melting points, high strength, excellent thermoelectric stability, high - temperature oxidation resistance, and corrosion resistance. Platinum and palladium have strong gas adsorption capacity and excellent catalytic properties, and are widely used in automotive exhaust catalysts, jewelry, electronic components, and chemical catalysts [8]. 3.2 Supply - Demand Contradictions Are Prominent, and Structural Shortage Intensifies Supply - Platinum ore supply is relatively concentrated, with South Africa accounting for about 70% of production. In 2024, global platinum ore production was 170 tons, with South Africa producing 120 tons, accounting for 70.6% of the global total. In terms of reserves, South Africa accounted for 88.73% of the global platinum - group metal reserves in 2023. Due to reduced capital expenditure in platinum ore projects and low recycling enthusiasm in the past decade, the total platinum supply is expected to fall below 7 million ounces in 2025, with a CAGR of -1% from 2015 - 2025 [13]. Demand - Platinum has obvious industrial attributes, and automotive exhaust purification demand accounts for about 40%. In 2024, the demand for platinum in automotive exhaust purification accounted for 43%. The hydrogen energy industry may become a future trend, and the growth of hybrid vehicle demand will also bring benefits. Although the demand for platinum in the automotive field is expected to remain high in the long - term, economic prospects are still uncertain [19]. - Jewelry demand has a small base but considerable elastic space. High gold prices have affected gold jewelry demand, and platinum jewelry is expected to fill the gap. The gold - platinum ratio exceeded 3 in February 2025 and回调 to about 2.46 as of July 1. According to WPIC, the year - end inventory is expected to drop sharply, leading to a tightening of market supply, and platinum may become a hedging product [24]. 3.3 Influx of Risk - Averse Funds + Continuous Supply Disruptions, Platinum Prices Rise Continuously - Platinum prices have shown a strong upward trend recently, with an increase of about 34% in the past two months, reaching a high level in the past 10 years. Future price trends still need to pay attention to the impact of economic data on precious metal prices [28]. - Supply disruptions and the gold substitution effect have led to the recent rise in platinum prices. On the supply side, South Africa, which supplies about 70% of platinum production, has been affected by bad weather, restricting mining and refining operations, and recycling metal supply is also at a low level. On the demand side, in addition to the basic demand for platinum as an automotive exhaust catalyst, the substitution effect of platinum jewelry for gold jewelry is obvious, and investment demand and the hedging attribute of platinum have attracted investors. The hydrogen energy concept also gives platinum a certain bullish attribute [31]. - The gold - platinum ratio is at a historical high, and the future price center still depends on market consensus. Gold and platinum prices diverged about a decade ago, with gold's financial attribute becoming prominent while platinum focused on industrial attributes. Around 2013, platinum prices recovered due to supply contraction, increased industrial and investment demand, and a shift in market sentiment. Currently, the gold - platinum ratio is at a historical high, and platinum is undervalued. Whether it can attract value investment depends on market consensus, and platinum's value fluctuations largely depend on market sentiment [38]. 3.4 Core Targets: Guiyan Platinum Industry, Haotong Technology, Huayang New Materials Guiyan Platinum Industry - The company focuses on the manufacturing of precious metal new materials and has established a complete industrial chain system. It has built a precious metal resource recycling industry, carried out full - life - cycle management of precious metals, and established a precious metal supply service platform. It has formed a closed - loop industrial chain from precious metal supply, product processing to waste recycling [48]. - The company has strong R & D capabilities and independent innovation. Relying on the research and development foundation of the State Key Laboratory of New Technologies for Comprehensive Utilization of Rare and Precious Metals and the Kunming Institute of Precious Metals, it has continuously made breakthroughs in high - end materials such as precious metal precursor materials, catalytic materials, and electronic pastes. In 2024, the production of precious metal precursor products increased by more than 20% year - on - year, and the profit of precious metal electronic pastes increased by more than 30% year - on - year [48]. Haotong Technology - The company's three major business segments develop synergistically, and its full - chain service has created core competitiveness. It focuses on the precious metal recycling field, and its business includes precious metal recycling, new materials mainly composed of precious metals, and trade. It has formed a closed - loop from raw material supply to new material manufacturing and recycling, meeting customers' cyclical needs [51]. - The company has leading core technologies. Its independently developed platinum dissolution solution enrichment technology and other technologies are at the international leading level, and its sponge platinum products have a high reputation in the industry. It has advantages in environmental protection, safety, and cost, providing customers with more competitive prices [51]. Huayang New Materials - The company is supported by state - owned enterprise resources and has a full - industrial - chain layout. As a provincial - level state - owned enterprise in Shanxi, it has natural advantages in order acquisition, policy support, and resource approval. Its subsidiary, Huashengfeng Company, is the first domestic precious metal recycling and processing enterprise for producing platinum catalytic nets for nitric acid production. The company also has an industrial chain advantage in "PBAT - modified materials - products" [57]. - As of July 17, 2025, the PE - TTM of Guiyan Platinum Industry, Huayang New Materials, and Haotong Technology were 20, - 62, and 35 times respectively, and the PB were 1.66, 23.88, and 2.81 times respectively. With the rise in platinum prices, relevant companies are expected to improve their performance and digest valuations. According to institutional consensus forecasts, Guiyan Platinum Industry's net profit attributable to the parent company in 2025, 2026, and 2027 will be 696 million yuan, 826 million yuan, and 955 million yuan respectively, corresponding to PE of 16.9, 14.2, and 12.3 times at the current stock price [58].

Group 1 - The metal recycling sector has experienced a short-term surge, with companies such as Nanmin Group (001360) and Huahong Technology (002645) reaching the daily limit increase [1] - Jinyuan Co., Ltd. (000546) previously hit the limit, while other companies like Huaxin Environmental Protection (301265), Huayang New Materials (600281), Haotong Technology (301026), Kaili New Materials, and Hunan Silver (002716) also saw price increases [1] - There is a notable influx of dark pool funds into these stocks, indicating increased investor interest [1]

7月11日公司发布上半年业绩预告，预计实现净利润7000.00万元至9000.00万元。（数据宝） 华阳新材(600281)今日上涨3.21%，全天换手率29.37%，成交额11.92亿元，振幅7.87%。龙虎榜数据显 示，营业部席位合计净卖出7071.61万元。 上交所公开信息显示，当日该股因日换手率达29.37%上榜，营业部席位合计净卖出7071.61万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交2.27亿元，其中，买入成交额为7825.31 万元，卖出成交额为1.49亿元，合计净卖出7071.61万元。 具体来看，今日上榜营业部中，第一大买入营业部为国泰海通证券股份有限公司总部，买入金额为 2863.23万元，第一大卖出营业部为华鑫证券有限责任公司深圳益田路证券营业部，卖出金额为3839.55 万元。 近半年该股累计上榜龙虎榜15次，上榜次日股价平均涨2.30%，上榜后5日平均跌1.87%。 资金流向方面，今日该股主力资金净流出1.26亿元，其中，特大单净流出7917.80万元，大单资金净流出 4718.10万元。近5日主力资金净流入4726.71万元。 4月26日公司发布的一季报数据 ...