Core Viewpoint - The gold industry is experiencing significant growth due to rising gold prices and geopolitical tensions, leading to increased demand for gold as a safe-haven asset. Companies in this sector are leveraging their resource advantages and operational efficiencies to capitalize on these market conditions. Company Summaries - **Sichuan Gold (001337)**: Located in Sichuan, the company benefits from high-quality gold resources and low-cost mining advantages. It is expected to gain from rising gold prices and regional resource integration policies, enhancing its growth potential [1]. - **Zhaojin Gold (000506)**: A well-established player in the gold industry, Zhaojin has a comprehensive supply chain and strong technical capabilities. The company is positioned to benefit from increased gold demand due to geopolitical tensions and has a robust hedging strategy to stabilize profits [2]. - **Shandong Gold International (000975)**: This company operates globally, focusing on low-cost mining resources. It is expected to thrive amid geopolitical conflicts, leveraging its operational experience and resource management to respond to international gold price fluctuations [3]. - **Xiaocheng Technology (300139)**: Focused on intelligent mining solutions and African resource development, the company is set to benefit from both rising gold prices and increased demand for mining technology services [4]. - **China National Gold (600489)**: As a leading state-owned enterprise, it has the largest gold reserves in China. The company is expected to play a crucial role in stabilizing domestic gold supply and prices amid rising global demand [5]. - **Western Gold (601069)**: Based in Xinjiang, the company benefits from high-quality resources and regional policies supporting resource integration. It is positioned as a key player in ensuring domestic gold supply [6][7]. - **Chifeng Gold (600988)**: A rapidly expanding company that has increased its resource reserves through acquisitions. It is expected to enhance profit margins through optimized mining processes amid rising gold prices [8]. - **Hengbang Shares (002237)**: A leading gold smelting company, it benefits from its ability to process complex ores and is positioned to gain from rising gold prices and increased demand for silver recovery [9]. - **Shandong Gold (600547)**: The absolute leader in the gold industry, it has the largest resource reserves and production capacity. The company is expected to stabilize market expectations and supply amid rising gold prices [10]. - **Hunan Silver (002716)**: A core player in the silver industry, it benefits from rising silver prices and increased demand from the photovoltaic industry, enhancing its profit margins [11]. - **Zijin Mining (601899)**: A major player in the non-ferrous metals sector, it has a global footprint in gold mining and is expected to benefit from rising gold prices and geopolitical tensions [12]. - **Yintai Gold (000975)**: This company has a strong resource base and low-cost mining operations, positioning it well to benefit from rising gold prices and increased demand for gold as a safe-haven asset [13]. - **Shengda Resources (000603)**: A leading silver company, it is expected to benefit from rising silver prices and increased demand from the photovoltaic industry, while also expanding into gold resource development [14]. - **Yuguang Gold Lead (600531)**: A leader in lead and zinc smelting, it has strong silver recovery capabilities and is expected to benefit from rising silver prices amid increased industrial demand [15]. - **Hunan Gold (002155)**: A significant gold producer, it is expected to benefit from rising gold prices and regional resource development policies, enhancing its growth potential [16]. - **Zhongrun Resources (000506)**: Focused on overseas gold projects, it is expected to benefit from rising gold prices and geopolitical tensions, leveraging its operational experience [17]. - **Yuancheng Gold (600766)**: This company is focused on gold exploration and development, benefiting from rising gold prices and regional resource integration [18]. - **Xingye Mining (000426)**: A multi-metal mining company, it is expected to benefit from rising silver prices and increased demand for silver in the photovoltaic industry [19]. - **Jin Gui Silver Industry (002716)**: A leading silver smelting company, it is expected to benefit from rising silver prices and increased demand from the photovoltaic industry [20]. - **Western Mining (601168)**: A core player in the non-ferrous metals sector, it is expected to benefit from rising gold prices and increased demand for new energy metals [21]. - **Luoyang Molybdenum (603993)**: A global mining giant, it is expected to benefit from rising gold prices and geopolitical tensions, leveraging its diverse resource portfolio [22]. - **Guizhou Platinum Industry (600459)**: A leader in precious metals, it is expected to benefit from rising demand for platinum and palladium amid global energy transitions [23]. - **Nanmin Group (001360)**: A mining equipment leader, it is expected to benefit from rising gold prices and increased demand for mining equipment amid a booming gold market [24]. - **Xingye Silver Tin (000426)**: This company is expanding its global gold asset portfolio and is expected to benefit from rising silver prices and increased demand for gold [25].

每经AI快讯，贵研铂业1月20日晚间发布公告称，公司于2026年1月19日收到上海证券交易所出具的 《关于云南省贵金属新材料控股集团股份有限公司向特定对象发行股票的交易所审核意见》，具体意见 如下： "云南省贵金属新材料控股集团股份有限公司向特定对象发行股票申请符合发行条件、上市条件和信息 披露要求。本所将在收到你公司申请文件后提交中国证监会注册。" （记者 王晓波） 公司本次向特定对象发行A股股票事项尚需获得中国证券监督管理委员会（以下简称"中国证监会"）做 出同意注册的决定后方可实施。最终能否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。 每经头条（nbdtoutiao）——"一周干完一年的活"，一款AI编程工具让硅谷程序员集体"上瘾"！科技公 司CEO：一辈子钻研的技能被它一次性解决，让人兴奋又恐惧 ...

股票代码：600459 股票简称：贵研铂业 编号：临2026-006 云南省贵金属新材料控股集团股份有限公司 关于向特定对象发行A股股票申请 获得上海证券交易所审核通过的公告 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（下称"公司"）于 2026 年 1 月 19 日 收到上海证券交易所出具的《关于云南省贵金属新材料控股集团股份有限公司向特定对 象发行股票的交易所审核意见》，具体意见如下： "云南省贵金属新材料控股集团股份有限公司向特定对象发行股票申请符合发行 条件、上市条件和信息披露要求。本所将在收到你公司申请文件后提交中国证监会注 册。" 公司本次向特定对象发行 A 股股票事项尚需获得中国证券监督管理委员会（以下简 称"中国证监会"）做出同意注册的决定后方可实施。最终能否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，严格按照有关法律 法规的规定和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。 特此公告。 云南省贵金属新材料控股集团 ...

证券简称：贵研铂业 证券代码：600459 公告编号：临 2026－005 云南省贵金属新材料控股集团股份有限公司 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"） 第八届董事会第二十一次会议通知于 2026 年 1 月 19 日以口头或电子形式发出，会议 于 2026 年 1 月 19 日以通讯表决的方式举行。公司副董事长、总经理郭俊梅女士主持 会议，应参加表决的董事 7 名，实际参加表决的董事 7 名。会议符合《公司法》《公 司章程》及《董事会议事规则》规定。 一、 经会议审议，通过以下议案： （一）《关于调整公司2025年度向特定对象发行A股股票发行决议有效期的议案》 同意对公司 2025 年度向特定对象发行 A 股股票方案"本次发行决议有效期"进行调整，具 体调整以更新后的《云南省贵金属新材料控股集团股份有限公司向特定对象发行股票证券募集说 明书（修订稿）》为准。 会议以 7 票同意，0 票反对、0 票弃权，一致通过《关于调整公司 2025 年度向特 定对象发行 A 股股票发行决议有效期的议案》； 二、公司董事会战略与投资发展委员会对本次会议的相关议题在董事会召开之 前召开会议进 ...

股票简称：贵研铂业 股票代码：600459.SH 云南省贵金属新材料控股集团股份有限公司 SINO-PLATINUM METALS CO.,LTD. （注册地址：云南省昆明市高新技术产业开发区科技路 988 号） 募集说明书 （修订稿） 保荐机构（主承销商） （广东省广州市黄埔区中新广州知识城腾飞一街 2 号 618 室） 签署日期：二〇二六年一月 云南省贵金属新材料控股集团股份有限公司 募集说明书 2025 年度向特定对象发行 A 股股票 | | | | 七、本次发行方案取得有关主管部门批准的情况以及尚需呈报批准的程序 | | --- | | ……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 52 | | 八、本次发行符合《注册管理办法》第十一条相关规定 52 | | 九、本次发行符合"理性融资、合理确定融资规模"的规定 53 | | 十、本次发行满足"两符合"和不涉及"四重大"的情况 …………………… 54 | | ...

贵研铂业公告，公司于2026年1月19日收到上海证券交易所出具的《关于云南省贵金属新材料控股集团 股份有限公司向特定对象发行股票的交易所审核意见》，审核意见为公司向特定对象发行股票申请符合 发行条件、上市条件和信息披露要求。本所将在收到你公司申请文件后提交中国证监会注册。公司本次 向特定对象发行A股股票事项尚需获得中国证监会做出同意注册的决定后方可实施。 ...

Group 1: Gold Market Overview - In the first month of the new year, spot gold has increased by over 8%, rising more than $380 [1] - Major gold mining companies include Zijin Mining, Shandong Gold, and Zhongjin Gold, all of which have strong resource reserves and cost control capabilities [3] - Shandong Gold is noted for its high correlation with gold prices, indicating significant earnings elasticity [3] Group 2: Silver Market Overview - Silver resources are led by companies like Silver Mountain Mining, which has a silver reserve of 8,382 tons, ranking first in Asia [4] - Shengda Resources focuses on silver mining and refining, with 92% of its business in silver, showcasing strong profitability linked to silver prices [5] - Hunan Silver is the only listed company in China primarily focused on silver, with a full industry chain from mining to refining [7] Group 3: Platinum Group Metals - Companies like Zhongxin Metal and Guoyuan Platinum are involved in the recovery and production of platinum group metals, with significant future production expected [7] - The demand for palladium is anticipated to rise due to its use in automotive emissions control, benefiting companies that produce it as a byproduct [7] - GreenMei is a leader in the recycling of electronic and automotive waste, with a substantial capacity for recovering precious metals [7]

Core Viewpoint - The company plans to raise a total of 1.291 billion yuan through a non-public offering of shares to specific investors, with the funds allocated for various projects related to precious metals and working capital [2][3]. Financing Details - The financing amount is set at 1.291 billion yuan, with the acceptance date for the offering being October 30, 2025 [2]. - The offering will target no more than 35 specific investors, including qualified institutional investors and individuals as defined by the China Securities Regulatory Commission [2]. Share Issuance - The pricing benchmark for the share issuance will be the first day of the offering period, with the issue price not lower than 80% of the average trading price over the previous 20 trading days [3]. - The shares to be issued are domestic listed RMB ordinary shares (A-shares) with a par value of 1.00 yuan each, and the total number of shares issued will not exceed 30% of the total share capital prior to the issuance, amounting to a maximum of 227,942,137 shares [3]. Fund Allocation - The raised funds will be allocated to several projects, including: - National Key Laboratory Platform for Precious Metal Functional Materials: 400 million yuan - AI Laboratory for Precious New Materials: 84 million yuan - Modern Industrial Base for Precious Metal Secondary Resource Enrichment: 170 million yuan - Green Recycling Base for Precious Metal Secondary Resources: 130 million yuan - Deep Processing and Intelligent Upgrading of Precious Metal Alloy Functional New Materials: 80 million yuan - Industrialization of Platinum Anticancer Drug Raw Materials: 40 million yuan - Working Capital Supplement: 387 million yuan - The total investment for these projects is approximately 2.5318187 billion yuan, with the fundraising amount capped at 1.291 billion yuan [4]. Shareholder Structure - As of the date of the fundraising prospectus, the company has not determined the specific investors for the issuance, and the maximum number of shares issued will not change the company's control structure [5]. - The company is controlled by Yunnan Provincial State-owned Assets Supervision and Administration Commission, with Yuntou Group holding 38.60% of the shares [5].

Group 1: Poly Development - Poly Development expects a net profit of 1.026 billion yuan for 2025, a decrease of 79.49% year-on-year [1] - The net profit excluding non-recurring gains and losses is projected to be 628 million yuan, down 85.25% year-on-year [1] - The decline in performance is attributed to a decrease in gross profit margin from real estate project transfers and an estimated asset impairment loss of approximately 6.9 billion yuan [2] Group 2: Huichuan Technology - Huichuan Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and brand image [3] Group 3: Guizhou Platinum Industry - Guizhou Platinum Industry's non-public stock issuance has been approved, aiming to raise up to 1.291 billion yuan for technology innovation and working capital [4] Group 4: Yingfang Micro - Yingfang Micro intends to acquire 100% of Shanghai Xiaokeli and First Technology China through a combination of share issuance and cash payment [5][6] Group 5: ST New Power - ST New Power received a regulatory letter from the Shenzhen Stock Exchange due to inconsistencies in the voting results of a recent shareholder meeting [7] Group 6: Zhengfan Technology - Zhengfan Technology received a warning letter from the Shanghai Securities Regulatory Bureau for irregularities in its management and investment operations [8] Group 7: Trina Solar - Trina Solar expects a net loss of 6.5 billion to 7.5 billion yuan for 2025, impacted by supply-demand imbalances and rising raw material costs [9] Group 8: China Great Wall - China Great Wall anticipates a net loss of 35 million to 70 million yuan for 2025, although it expects to significantly reduce its losses compared to the previous year [10] Group 9: Liangpin Shop - Liangpin Shop forecasts a net loss of 120 million to 160 million yuan for 2025, with losses widening due to store closures and reduced product prices [11] Group 10: Sun Energy - Sun Energy expects a net profit of 182 million to 259 million yuan for 2025, a decrease of 81% to 87% year-on-year, primarily due to falling coal prices [12] Group 11: Chengdu Huami - Chengdu Huami anticipates a net profit of 213 million to 255 million yuan for 2025, an increase of 74.35% to 108.73% year-on-year, driven by increased demand in the special integrated circuit industry [13][14] Group 12: Shui Jing Fang - Shui Jing Fang expects a net profit of 392 million yuan for 2025, a decrease of 71% year-on-year, due to a challenging environment in the liquor industry [15] Group 13: Xian Dao Ji Dian - Xian Dao Ji Dian projects a net loss of 138 million to 92 million yuan for 2025, a shift from a profit of 108 million yuan in the previous year [16] Group 14: Tian Tong Co. - Tian Tong Co. expects a net loss of 120 million to 170 million yuan for 2025 [17] Group 15: Hunan YN - Hunan YN anticipates a net profit of 1.15 billion to 1.4 billion yuan for 2025, a growth of 93.75% to 135.87% year-on-year, driven by the rapid development of the new energy vehicle market [18] Group 16: Qi Yi Er - Qi Yi Er forecasts a net loss of 350 million to 550 million yuan for 2025 [19] Group 17: Ding Long Co. - Ding Long Co. expects a net profit of 700 million to 730 million yuan for 2025, an increase of 34.44% to 40.20% year-on-year, supported by strong growth in semiconductor and display materials [20] Group 18: Wan Tong Development - Wan Tong Development anticipates a net loss of 500 million to 750 million yuan for 2025, with losses widening due to strategic shifts and impairment losses [21] Group 19: Hua Ce Testing - Hua Ce Testing expects a net profit of 1.013 billion to 1.021 billion yuan for 2025, a growth of 10% to 11% year-on-year, driven by strategic advancements and operational improvements [22] Group 20: Nanwang Energy - Nanwang Energy projects a net profit of 300 million to 360 million yuan for 2025, marking a turnaround from a loss in the previous year [24] Group 21: Fang Da Carbon - Fang Da Carbon anticipates a net profit of 60.44 million to 101 million yuan for 2025, a decrease of 45.85% to 67.51% year-on-year [25] Group 22: Datang Telecom - Datang Telecom expects a net loss of 39 million to 56 million yuan for 2025 [26] Group 23: Huajian Group - Huajian Group forecasts a net profit of 62 million to 80.6 million yuan for 2025, a decrease of 79.4% to 84.2% year-on-year, due to competitive pressures [27] Group 24: Shanghai Petrochemical - Shanghai Petrochemical expects a net loss of approximately 1.289 billion to 1.576 billion yuan for 2025, a shift from profit due to declining oil prices and reduced demand [28] Group 25: Jiangzhong Pharmaceutical - Jiangzhong Pharmaceutical has changed its name to Huaren Jiangzhong Pharmaceutical, with the stock code remaining the same [29] Group 26: Hebang Bio - Hebang Bio anticipates a net loss of 470 million to 570 million yuan for 2025 [30] Group 27: Mingtai Aluminum - Mingtai Aluminum expects a net profit of 1.95 billion to 2 billion yuan for 2025, a growth of 12% to 14% year-on-year, driven by advancements in low-carbon products [31]

Group 1 - The core viewpoint of the article is that Guiyan Platinum Industry (600459) has started exporting some of its products to EU countries, although the sales volume remains minimal, accounting for less than 0.1% of the annual revenue [1] Group 2 - The products exported include electrical contact materials, coating materials, and brazing materials [1] - The company has indicated that the sales from these exports are a small fraction of its overall business [1]