Group 1 - As of July 31, 2025, the stock price of Guoyan Platinum Industry closed at 15.11 yuan, down 0.71 yuan or 4.49% from the previous trading day, with a trading volume of 217,107 hands and a transaction amount of 331 million yuan [1] - Guoyan Platinum Industry primarily engages in precious metal trading and product business, established in 2000 and listed on the Shanghai Stock Exchange in 2003, with operations in small metals and new materials [1] - On the evening of July 30, Guoyan Platinum Industry announced that its wholly-owned subsidiary, Guoyan Electronic Materials (Yunnan) Co., Ltd., has attracted Shanghai Yishang Electronic Technology Co., Ltd. as an intended investor for its capital increase project, with an investment of approximately 125 million yuan for a 49% stake post-increase [1] Group 2 - On July 31, Guoyan Platinum Industry experienced a net outflow of main funds amounting to 37.6553 million yuan, accounting for 0.33% of its circulating market value [2]

Core Viewpoint - The Guangzhou Futures Exchange (GFE) is seeking public opinion on the upcoming launch of platinum and palladium futures and options contracts, addressing the urgent hedging needs of industry players due to significant price volatility in recent years [1][2][6]. Group 1: Futures and Options Launch - GFE has announced the public consultation for platinum and palladium futures and options contracts, with a deadline for feedback set for August 7, 2025 [5]. - Platinum and palladium futures will have no alternative delivery products and will implement a brand delivery system, requiring delivery products to be registered brands published by the exchange [4][11]. - The trading codes for platinum and palladium futures are "PT" and "PD," respectively, with a contract size of 1000 grams per lot and a minimum price fluctuation of 0.05 yuan per gram [13]. Group 2: Market Context and Demand - Platinum and palladium are crucial raw materials in the new energy sector, particularly in fiberglass and hydrogen energy applications, and are considered scarce resources globally [6]. - The demand for hedging in the industry has become urgent due to significant fluctuations in the spot prices of platinum and palladium in recent years [6]. - GFE has previously launched futures for industrial silicon, polysilicon, and lithium carbonate, indicating a focus on supporting green and low-carbon development [7][10]. Group 3: Delivery and Trading Rules - The delivery method for platinum and palladium futures will follow established practices in the futures market, including physical delivery and various delivery options [13]. - The quality standards for delivery will be based on national and international standards, with specific indicators for purity and impurity levels [13]. - The holding limits for positions will vary based on the trading volume, with specific limits set for both platinum and palladium contracts [14].

贵研铂业（600459）(SH600459，股价15.11元，市值114.88亿元)为全资子公司引入战投有了新进展。 7月30日晚间，贵研铂业发公告称，公司全资子公司贵研电子材料(云南)有限公司(以下简称贵研电子)增 资扩股项目在挂牌期间征集到上海怡上电子科技有限公司(以下简称怡上电子)这唯一一家意向投资方。 《每日经济新闻》记者注意到，怡上电子成立于2019年12月，自成立以来，一共投资过两家企业，且其 中一家已经注销。此外，记者尝试拨打怡上电子2024年年报登记的座机号，发现该座机号已"暂停服 务"。对此，贵研铂业董秘办相关人士表示，对于投资方都做过尽调，"引进战投会带来相应的一些业务 资源，包括技术、现金出资等"。 标的公司设立不足3年 公开资料显示，贵研铂业成立于2000年，位于云南省昆明市，主营贵金属贸易和产品，于2003年在上交 所上市。 《每日经济新闻》记者注意到，贵研电子是贵研铂业于2022年年底投资1.1亿元设立的全资子公司。 彼时，贵研铂业在公告中表示，设立贵研电子的目的是"培育电子元器件行业具有竞争力的表面金属化 材料供应企业，进一步提升贵金属浆料核心竞争力、影响力和话语权"。 贵研铂业 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 18.48 CNY, based on a 21X valuation of the estimated EPS for 2025-2027 [3][5]. Core Insights - The company is focusing on continuous investment in core businesses and innovation to enhance operational quality. The precious metals business includes manufacturing, recycling, and trading, with a significant portion of revenue coming from recycling and trading, which has lower profitability [8]. - The new materials manufacturing segment is expected to contribute significantly to profitability, with a projected 30% of revenue contributing to 56% of gross profit in 2024. The company is investing in high-margin projects, including a catalyst production line, to further enhance profitability [8]. - The global shift in the chemical industry is anticipated to benefit the company's catalyst business, as production capacity is expected to increase significantly, allowing the company to capture growing domestic demand for high-margin products [8]. Financial Summary - Revenue is projected to grow from 45,086 million CNY in 2023 to 65,789 million CNY in 2027, with a compound annual growth rate (CAGR) of approximately 8.3% [4]. - Net profit attributable to the parent company is expected to increase from 468 million CNY in 2023 to 825 million CNY in 2027, reflecting a CAGR of about 8.2% [4]. - The EPS is forecasted to rise from 0.62 CNY in 2023 to 1.08 CNY in 2027, indicating a steady growth trajectory [4].

证券简称：贵研铂业 证券代码：600459 公告编号：临 2025-037 云南省贵金属新材料控股集团股份有限公司 关于全资子公司贵研电子材料（云南）有限公司以公开挂牌方式 一、交易进展概述 召开第八届董事会第十一次会议，审议通过了《关于贵研电子材料（云南）有限公司增 资扩股并引入战略投资者的议案》，同意公司全资子公司贵研电子材料（云南）有限公 司（以下简称"贵研电子公司"）通过云南省产权交易所以公开挂牌的方式增资扩股引 入战略投资者。详细情况见《关于贵研电子材料（云南）有限公司增资扩股并引入战略 投资者的公告》（临 2025-005 号）。 近期，贵研电子公司股权在云南省产权交易所公开挂牌。截至挂牌公告期满， 根 据云南省产权交易所《挂牌结果通知书》，贵研电子公司增资扩股项目在挂牌期间征集 到 1 名意向投资方--上海怡上电子科技有限公司（以下简称"怡上电子"）。 引入战略投资者的进展公告 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。 电子材料（云南）有限公司增资协议》（以下简称"协议"）及相关补充协议。本次挂 牌的 ...

今日焦点 宁德时代：上半年实现净利润305亿元同比增长33.02% 宁德时代公告，上半年实现收入1789亿元，同比增加7.27%；净利润305亿元，同比增长33.02%。报告 期内，本集团实现毛利448亿元，相比2024年同期增加14.45%；综合毛利率为25.02%，相比2024年同期 的23.45%上升1.57个百分点。 上纬新材：多次触及股票交易异常波动和严重异常波动情形明起停牌核查 上纬新材公告称，公司股票自2025年7月9日至7月30日期间多次触及股票交易异常波动及严重异常波动 情形。公司将于7月31日开市起停牌，预计停牌时间不超过3个交易日。公司基本面未发生重大变化，但 股票交易价格已严重脱离基本面，投资者参与交易可能面临较大市场风险。此外，公司股票价格涨幅显 著高于同期相关指数涨幅，换手率显著高于前期水平，市盈率显著高于行业平均水平。公司主营业务和 生产经营未发生重大变化，收购方未来十二个月内不存在资产重组计划，但控制权变更事项仍存在重大 不确定性风险。 金橙子：筹划购买萨米特光电55%股权，股票停牌 金橙子公告称，公司正在筹划以发行股份及支付现金的方式购买长春萨米特光电科技有限公司55%的股 ...

Core Viewpoint - Guiyan Platinum Industry (600459.SH) is making progress in introducing a strategic investor for its wholly-owned subsidiary, Guiyan Electronic Materials, which has faced challenges since its establishment in 2022 [1][3]. Group 1: Company Overview - Guiyan Platinum Industry was established in 2000 and is primarily engaged in precious metal trading and products, listed on the Shanghai Stock Exchange in 2003 [3]. - Guiyan Electronic Materials was set up at the end of 2022 with an investment of 110 million yuan, aimed at developing competitive surface metallization materials for the electronic components industry [3]. Group 2: Financial Performance - In 2023, Guiyan Electronic reported revenues of 21.15 million yuan but incurred a net loss of 372,600 yuan. For the first three quarters of 2024, revenue increased significantly to approximately 127 million yuan, with a net profit of 1.48 million yuan, resulting in a net profit margin of only 1.17% [3][4]. - Key financial metrics for Guiyan Electronic include total assets of 121.83 million yuan and net assets of 109.63 million yuan as of December 31, 2023, with total assets increasing to 128.93 million yuan and net assets to 110.95 million yuan by September 30, 2024 [4]. Group 3: Strategic Investment Details - The strategic investor, Shanghai Yishang Electronic Technology Co., is the sole interested party in the capital increase project, with an estimated pre-investment valuation of Guiyan Electronic at approximately 129 million yuan [5]. - The actual transaction price was set at 1.18 yuan per registered capital, with the investor contributing about 125 million yuan to acquire 49% of the company post-investment [5]. - The strategic investor has a limited track record, having only invested in two companies since its establishment in December 2019, one of which has been deregistered [6][8].

贵研铂业(600459.SH)公告称，公司全资子公司贵研电子材料（云南）有限公司通过云南省产权交易所 以公开挂牌方式增资扩股引入战略投资者，成交价格为1.25亿元，交易完成后，公司持有贵研电子公司 的股权由100%降至51%。引入的投资者为上海怡上电子科技有限公司。本次增资扩股符合公司战略发 展规划，有利于提升公司盈利能力，加速贵研电子公司业务结构转型和产品结构升级。 ...

证券简称：贵研铂业 证券代码：600459 公告编号：临 2025-037 云南省贵金属新材料控股集团股份有限公司 1 法定代表人：黄涛 注册资本：1000 万元 关于全资子公司贵研电子材料（云南）有限公司以公开挂牌方式 引入战略投资者的进展公告 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。 一、交易进展概述 2025 年 3 月 10 日，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"） 召开第八届董事会第十一次会议，审议通过了《关于贵研电子材料（云南）有限公司增 资扩股并引入战略投资者的议案》，同意公司全资子公司贵研电子材料（云南）有限公 司（以下简称"贵研电子公司"）通过云南省产权交易所以公开挂牌的方式增资扩股引 入战略投资者。详细情况见《关于贵研电子材料（云南）有限公司增资扩股并引入战略 投资者的公告》（临 2025-005 号）。 近期，贵研电子公司股权在云南省产权交易所公开挂牌。截至挂牌公告期满， 根 据云南省产权交易所《挂牌结果通知书》，贵研电子公司增资扩股项目在挂牌期间征集 到 1 名意向投资 ...

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. ...