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 ...

证券简称：贵研铂业 证券代码：600459 公告编号：临 2025-054 云南省贵金属新材料控股集团股份有限公司 第八届董事会第十七次会议决议公告 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"本公司"或"公司"）第八 届董事会第十七次会议通知于 2025 年 10 月 24 日以传真和书面形式发出，会议于 2025 年 10 月 30 日以通讯表决方式举行。 公司董事长王建强先生主持会议，应参加表决的董事 8 名，实际参加表决的董事 8 名。会议符合《公司法》和《公司章程》的规定。 一、经会议审议，通过以下预（议）案： 1.《关于公司 2025 年度投资计划调整的议案》 会议以 8 票同意，0 票反对、0 票弃权，一致通过《关于公司 2025 年度投资计划调 整的议案》。 2.《关于公司向贵研化学材料（云南）有限公司增资的议案》 会议以 8 票同意，0 票反对，0 票弃权，一致通过《关于贵研化学材料（云南）有限 公司向贵研绿色新材料（云南）有限公司增资的议案》。 4 ...

每经头条（nbdtoutiao）——多地出现"负电价"，既然卖电"不挣钱"，为何电厂不愿停机？ （记者 王晓波） 每经AI快讯，贵研铂业（SH 600459，收盘价：16.56元）10月30日晚间发布三季度业绩公告称，2025年 前三季度营收约451.79亿元，同比增加22.21%；归属于上市公司股东的净利润约5.01亿元，同比增加 12.43%。 截至发稿，贵研铂业市值为126亿元。 ...

Core Viewpoint - Guizhou Yanyan Platinum Industry Co., Ltd. announced a government subsidy of RMB 94.76 million for its wholly-owned subsidiary, Yunnan Precious Metals Laboratory Co., Ltd. [1] Group 1: Financial Performance - For the first half of 2025, the revenue composition of Guizhou Yanyan Platinum Industry is as follows: 36.21% from precious metal recycling materials, 35.17% from precious metal trading, 16.05% from special functional materials, 8.65% from precious metal precursor materials, and 3.01% from automotive catalytic purifiers [1]. Group 2: Market Capitalization - As of the report date, the market capitalization of Guizhou Yanyan Platinum Industry is RMB 12.6 billion [1].