北京德恒律师事务所 关于 云南省贵金属新材料控股集团股份有限公司 2025 年度向特定对象发行股票的 法律意见 释 义 本法律意见中，除非文中另有所指，下列简称具有如下特定含义： 北京市西城区金融大街 19 号富凯大厦 B 座 12 层 电话:010-52682888 传真:010-52682999 邮编:100033 | | | 关于云南省贵金属新材料控股集团股份有限公司 北京德恒律师事务所 2025年度向特定对象发行股票的法律意见 | 公司、发行人、贵研铂业 | 指 | 云南省贵金属新材料控股集团股份有限公司 | | --- | --- | --- | | 本次发行、本次向特定对 | 指 | 云南省贵金属新材料控股集团股份有限公司 | | 象发行 | | 年度向特定对象发行 股股票的行为 2025 A | | 《本次发行预案》 | 指 | 《云南省贵金属新材料控股集团股份有限公司 | | | | 2025 年度向特定对象发行 A 股股票预案》 | | | | 《北京德恒律师事务所关于云南省贵金属新材 | | 本法律意见 | 指 | 料控股集团股份有限公司 2025 年度向特定对象 | | | | 发行股票 ...

Core Insights - Guoyan Platinum Industry (600459) reported a revenue of 45.179 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 22.21% [1] - The net profit for the same period was 5.01 billion yuan, up 12.43% year-on-year, with a weighted average return on equity of 6.86%, an increase of 0.24 percentage points compared to the previous year [1] - In Q3 2025, the company achieved a revenue of 15.625 billion yuan, a 24.76% increase year-on-year, and a net profit of 1.76 billion yuan, reflecting a significant growth of 37.60% [1] R&D Investment and Innovation - Guoyan Platinum Industry has significantly increased its R&D investment, with R&D expenses reaching 248 million yuan in the first three quarters of 2025, a year-on-year growth of 26.49% [2] - The company plans to raise up to 1.291 billion yuan through a specific A-share issuance, with 484 million yuan allocated for the construction of a national key laboratory for precious metal functional materials and an AI laboratory for new materials [2] - The focus of these initiatives is on integrating top research resources in the precious metals field and addressing the conversion of new products and technologies from concept to practical application [2] Supply Chain and Market Expansion - Guoyan Platinum Industry has established strong partnerships with numerous quality suppliers in the precious metals industry to ensure stable raw material supply [2] - The company is a special member of the Shanghai Gold Exchange, further securing resource stability [2] - The company is developing a secondary resource recycling industrialization base to enhance its resource security and control capabilities [3] Strategic Projects - Recently, the Shanghai Rare and Precious Metals Innovation Platform and the Shanghai Sheshan New Materials Industrial Base project commenced, marking a significant step for the company in aligning with national development strategies [3] - This project aims to create an integrated industrial cluster for R&D, production, incubation, testing services, and operations in the rare and precious metals new materials sector, enhancing the company's role in the East China region [3] - The initiative is expected to contribute to the stability of the national precious metals supply chain and position Guoyan Platinum Industry as a global leader in precious metal new materials technology [3]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 云南省贵金属新材料控股集团股份有限公司（以下简称"公司"）于2025 年10 月 30日收到上海证券交易所（以下简称"上交所"）出具的《关于受理云南省贵金属新材 料控股集团股份有限公司沪市主板上市公司发行证券申请的通知》（上证上审(再融资) 〔2025〕334 号）。上交所依据相关规定对公司报送的沪市主板上市公司发行证券的募 集说明书及相关申请文件进行了核对，认为该项申请文件齐备，符合法定形式，决定予 以受理并依法进行审核。 公司本次向特定对象发行A股股票事项尚需经上交所审核通过，并获得中国证券监 督管理委员会（以下简称"中国证监会"）作出同意注册的决定后方可实施，最终能否 通过上交所审核，并获得中国证监会同意注册的决定及其时间尚存在不确定性。公司将 根据该事项的进展情况，严格按照上市公司向特定对象发行A 股股票相关法律法规的要 求及时履行信息披露义务，敬请广大投资者注意投资风险。 云南省贵金属新材料控股集团股份有限公司 关于公司向特定对象发行 A 股股票申请 获得上海证券 ...

Core Viewpoint - The company, Guizhou Yanfeng Platinum Industry (600459), has received notification from the Shanghai Stock Exchange regarding the acceptance of its application for issuing securities, indicating a step forward in its listing process [1] Group 1 - The Shanghai Stock Exchange has officially accepted the application from Guizhou Yanfeng Platinum Industry for its securities issuance [1] - The company is now undergoing a legal review process as part of the listing application [1]

Core Viewpoint - The company has received notification from the Shanghai Stock Exchange regarding the acceptance of its application for issuing securities, indicating a step forward in its plans for A-share stock issuance [1] Group 1 - The company received a notice from the Shanghai Stock Exchange on October 30, 2025, regarding the acceptance of its application for issuing securities [1] - The Shanghai Stock Exchange has verified that the application documents are complete and comply with legal requirements, leading to the decision to accept the application for review [1] - The issuance of A-shares to specific targets is subject to approval from the Shanghai Stock Exchange and registration consent from the China Securities Regulatory Commission before implementation [1]

Core Points - The "Golden Bull Award," known as the "Oscar of the capital market," recognized Guiyan Platinum Industry with the "Most Investment Value Award" and its chairman Wang Jianqiang with the "Innovative Entrepreneur Award" [1][2] - The award aims to honor companies with excellent performance, standardized governance, and a strong sense of social responsibility, contributing to the healthy development of the capital market [2] Company Strategy and Development - Guiyan Platinum Industry, a state-controlled high-tech enterprise, has set a strategic development goal of "3815" since the 14th Five-Year Plan, focusing on enhancing core competitiveness and functionality [2] - The company is committed to becoming a world-class leading enterprise by promoting innovation, strengthening leadership, and accelerating industrial transformation and upgrading [2] - Looking ahead to the 15th Five-Year Plan, the company aims for a development goal of "100 billion in a century, world-class," focusing on cultivating new productive forces and leading the construction of advanced manufacturing clusters in rare and precious metals [2]

Financial Performance - In the first three quarters of 2025, the company's operating income reached 45.179 billion yuan, a year-on-year increase of 22.21% [1] - The net profit attributable to shareholders was 501 million yuan, up 12.43% compared to the same period last year [1] - The weighted average return on net assets for the first three quarters was 6.86%, an increase of 0.24 percentage points year-on-year [1] - In Q3 2025, the operating income was 15.625 billion yuan, showing a year-on-year growth of 24.76% [1] - The net profit attributable to the parent company in Q3 was 176 million yuan, a significant increase of 37.60% year-on-year [1] R&D and Innovation - The company emphasizes technological research and development as a core focus, aiming to cultivate independent innovation capabilities [2] - It has established a comprehensive and multi-dimensional technological innovation system supported by various national and provincial research platforms [2] - R&D expenses for the first three quarters of 2025 amounted to 248 million yuan, reflecting a year-on-year increase of 26.49% [2] Capital Raising and Project Development - The company has announced a plan to issue A-shares to specific targets, aiming to raise no more than 1.291 billion yuan [3] - Of this amount, 484 million yuan is allocated for the construction of a national key laboratory for precious metal functional materials and an AI laboratory for new materials [3] Supply Chain and Market Expansion - The company is focused on building stable supply and sales channels to support long-term and high-quality development of its precious metal business [4] - It has established strong partnerships with quality suppliers to ensure stable raw material supply [4] - The company is developing a secondary resource recycling industrial base to enhance its resource security and control capabilities [4] Industry Upgrading and Strategic Initiatives - The Shanghai Rare Precious Metals Innovation Platform and the Shanghai Sheshan New Materials Industrial Base project have recently commenced construction [5] - This project aims to create an integrated industrial cluster for research, production, incubation, and testing services in the rare precious metals sector [5] - The company plans to focus on national strategic services, enhance brand advantages, and strengthen its position in the precious metals new materials industry [5]

Core Viewpoint - In a volatile precious metals market and a restructured global supply chain, the company has effectively managed operational risks through deep utilization of futures tools, enhancing the risk resilience of the entire industry chain [1] Group 1: Risk Management Strategies - The company's journey into futures hedging began in 2009, driven by the financial crisis of 2008, which led to significant losses and prompted a shift from passive risk acceptance to active market risk management [2] - The company has implemented a comprehensive hedging strategy covering most precious metal raw materials, establishing strict exposure management systems to lock in costs and ensure profit margins [2][3] - The hedging practices have evolved from single-hedge approaches to a systematic capability, integrating hedging into the entire business process and utilizing a digital system for enhanced management [4] Group 2: Financial Performance and Disclosure - The company reported a 147.32% year-on-year increase in net profit for Q3 2022, partly attributed to effective hedging that mitigated cost increases [5] - Recommendations for financial disclosure include quantifying the financial impact of hedging in regular reports and providing risk alerts on interactive platforms to inform investors about the limitations of hedging [5][6] Group 3: Industry Position and Future Outlook - As a leading player in the precious metals industry, the company is actively involved in the silver futures market and is working towards international certification to enhance its global competitiveness [7] - The company advocates for the introduction of futures for platinum and palladium to reduce transaction costs and risks, thereby enhancing China's pricing power in the global precious metals market [8] - The company emphasizes the need for a differentiated margin system and improved delivery systems to alleviate financial pressures and promote sustainable practices in the precious metals industry [8][9]

贵研铂业10月30日公告，2025年第三季度实现营业收入156.25亿元，同比增长24.76%；归属于上市公司 股东的净利润1.76亿元，同比增长37.60%；基本每股收益0.23元。前三季度实现营业收入451.79亿元， 同比增长22.21%；归属于上市公司股东的净利润5.01亿元，同比增长12.43%；基本每股收益0.66元。 ...

本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 云南省贵金属新材料控股集团股份有限公司第八届监事会第十六次会议于 2025 年 10 月 30 日采用通讯表决的方式召开，应参加监事 3 名，实际参加监事 3 名，监事 会主席郑春莉女士主持会议。会议符合《公司法》和《公司章程》的有关规定。 证券简称：贵研铂业 证券代码：600459 公告编号：临 2025－055 云南省贵金属新材料控股集团股份有限公司 第八届监事会第十六次会议决议公告 一、 会议经以投票表决方式，一致通过以下议（预）案： （一）《关于公司 2025 年第三季度报告的议案》 会议以 3 票同意、0 票反对、0 票弃权，一致通过《关于公司 2025 年第三季度报 告的议案》 特此公告。 云南省贵金属新材料控股集团股份有限公司监事会 2025 年 10 月 31 日 1 ...