Company Overview - Shenzhen Placo New Materials Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on September 17, 2009. The company went public on December 30, 2019. Its main business involves the research, production, and sales of metal soft magnetic powders, metal soft magnetic powder cores, and inductive components, providing high-performance soft magnetic materials and modular inductors for efficient, stable, energy-saving, and environmentally friendly operation of power electronic devices or systems [1]. Financial Performance - As of February 5, Placo New Materials' stock price dropped by 5.03%, trading at 74.08 yuan per share, with a transaction volume of 390 million yuan and a turnover rate of 2.17%. The total market capitalization is 21.468 billion yuan [1]. Shareholder Information - Among the top ten circulating shareholders of Placo New Materials, a fund under Guotou Ruijin Fund holds a position. The Guotou Ruijin New Energy Mixed A Fund (007689) held 2.1752 million shares in the third quarter, unchanged from the previous period, accounting for 0.92% of the circulating shares. The estimated floating loss today is approximately 8.5268 million yuan [2]. - The Guotou Ruijin New Energy Mixed A Fund was established on November 18, 2019, with a current scale of 2.036 billion yuan. Year-to-date returns are 1.55%, ranking 6675 out of 8873 in its category; the one-year return is 74.98%, ranking 551 out of 8119; and since inception, the return is 154.43% [2].

Investment Rating - The report maintains an "Overweight" rating for the steel industry [5]. Core Insights - Demand is expected to gradually stabilize, while supply-side constraints are anticipated to continue, leading to a potential recovery in the steel industry's fundamentals. If supply policies are implemented, the contraction in supply may accelerate, facilitating a quicker industry upturn [3][4]. Summary by Sections Steel Market Overview - Steel prices have decreased, with the Shanghai rebar price dropping by 20 CNY/ton to 3240 CNY/ton, a decline of 0.61%. The total inventory of steel has increased by 1.70% to 12.7851 million tons [8][12]. - Apparent consumption of five major steel products was 8.0174 million tons, down 0.96% week-on-week but up 28.96% year-on-year [21]. - The production of five major steel products was 8.2317 million tons, an increase of 0.44% week-on-week [12][37]. Supply and Demand Dynamics - Approximately 60% of steel companies are currently operating at a loss, indicating a market-driven supply clearance is beginning to occur [4]. - The construction sector's demand for steel is expected to stabilize, while demand from infrastructure and manufacturing is projected to grow steadily [4]. Profitability and Production Margins - The average gross profit for rebar was 196.9 CNY/ton, down 11.7 CNY/ton from the previous week, while hot-rolled coil profit increased by 2.3 CNY/ton to 46.9 CNY/ton [39]. - The profitability rate of 247 steel companies was 39.39%, a decrease of 1.3% from the previous week [28]. Recommendations - The report recommends focusing on companies with leading technology and product structures, such as Baosteel and Hualing Steel, as well as low-cost firms like Fangda Special Steel and New Steel [4]. - It also highlights the potential of upstream resource companies like Hebei Resources and Erdos, which may benefit from a recovery in demand [4].

1月30日，铂科新材跌5.04%，截至发稿，报75.30元/股，成交4.88亿元，换手率2.67%，总市值218.22亿 元。 华夏行业景气混合A（003567）成立日期2017年2月4日，最新规模69.58亿。今年以来收益11.14%，同 类排名1561/8872；近一年收益76.5%，同类排名595/8126；成立以来收益443.73%。 华夏行业景气混合A（003567）基金经理为钟帅。 截至发稿，钟帅累计任职时间5年188天，现任基金资产总规模119.14亿元，任职期间最佳基金回报 218.15%， 任职期间最差基金回报11.77%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 资料显示，深圳市铂科新材料股份有限公司位于广东省深圳市南山区西丽街道曙光社区智谷研发楼B栋 1301，成立日期2009年9月17日，上市日期2019年12月30日，公司主营业务涉及从事金属软磁粉、金属 软磁粉芯和电感元件的研发 ...

证券日报网讯 1月28日，铂科新材在互动平台回答投资者提问时表示，公司和香农、佰维没有业务合 作。 （文章来源：证券日报） ...

Core Viewpoint - The company, Placo New Materials (300811), indicates that its main product lines include metal magnetic powder cores, chip inductors, and metal soft magnetic powders, with chip inductors showing significant market potential and growth prospects compared to other product lines [1] Group 1 - The chip inductor market space is described as broad, with growth potential significantly exceeding that of other product lines [1] - Sales revenue from chip inductors is rapidly increasing as a proportion of the company's overall revenue [1] - The timeline for chip inductors to become the company's largest product line will depend on market demand and capacity construction [1]

1月27日，铂科新材涨5.07%，截至发稿，报80.97元/股，成交6.83亿元，换手率3.67%，总市值234.65亿 元。 资料显示，深圳市铂科新材料股份有限公司位于广东省深圳市南山区西丽街道曙光社区智谷研发楼B栋 1301，成立日期2009年9月17日，上市日期2019年12月30日，公司主营业务涉及从事金属软磁粉、金属 软磁粉芯和电感元件的研发、生产和销售,为电能变换各环节电力电子设备或系统实现高效稳定、节能 环保运行提供高性能软磁材料、模块化电感以及整体解决方案。主营业务收入构成为：金属软磁粉末制 品96.69%，金属软磁粉3.07%，其他(含其他业务收入)0.25%。 从铂科新材十大流通股东角度 数据显示，华夏基金旗下1只基金位居铂科新材十大流通股东。华夏行业景气混合A（003567）三季度 减持253.8万股，持有股数215.38万股，占流通股的比例为0.91%。根据测算，今日浮盈赚取约842.13万 元。 华夏行业景气混合A（003567）成立日期2017年2月4日，最新规模69.58亿。今年以来收益11.25%，同 类排名1318/8861；近一年收益73.81%，同类排名541/8126； ...

Core Viewpoint - The company, Placo New Materials (300811.SZ), indicates that its main product lines include metal magnetic powder cores, chip inductors, and metal soft magnetic powders, with chip inductors showing significant market potential and growth prospects compared to other product lines [1] Product Line Summary - The chip inductor segment is expected to have a broad market space and its sales revenue is rapidly increasing as a proportion of the company's total revenue [1] - The timeline for chip inductors to become the company's largest product line will depend on market demand and capacity construction [1]

证券日报网讯1月26日，铂科新材（300811）在互动平台回答投资者提问时表示，由于DDR内存的每一 代升级都带来更高速度、更低功耗、更大容量的需求，因此DDR5将电源管理从主板移至内存模块，以 优化电压控制，而公司金属软磁材料制造的芯片电感由于具有小型化、耐大电流、大功率的特性，更加 适用于新一代的DDR内存。随着AI的进一步发展，对内存的需求持续增长，将对芯片电感带来广阔的 市场需求。目前，公司研发的适用于DDR的金属软磁粉芯电感性能指标领先，已经进入小批量测评。 ...

证券日报网讯1月26日，铂科新材（300811）在互动平台回答投资者提问时表示，目前公司芯片电感主 要应用于全球头部的GPU、ASIC为主，公司将积极关注国内芯片的技术发展。 ...

Investment Rating - The report maintains a "Buy" rating for the metal industry, specifically recommending companies such as Huaxi Nonferrous, Xiyegongsi, Boqian New Materials, and others [2][3]. Core Insights - The report highlights the tightening supply of strategic metals due to export controls and geopolitical factors, which is expected to drive prices upward. The integration of AI technology is anticipated to create new opportunities in electronic materials [9][10]. - Tin supply is under pressure due to slow recovery in Myanmar and regulatory changes in Indonesia, leading to a persistent shortage [26][35]. - Tungsten is positioned as a critical material for high-end manufacturing, with supply constraints expected to support long-term price increases [9][10]. - Antimony supply remains rigid, with recent export control relaxations likely to narrow the price gap between domestic and international markets [9][10]. - The rare earth materials sector is expected to see price stabilization and growth due to increasing demand from electric vehicles and energy-efficient technologies [9][10]. Summary by Sections 1. Strategic Metals and Supply Dynamics - The report emphasizes the strategic importance of metals like tungsten, antimony, and rare earths, which are crucial for technology and military applications. China holds a dominant position in the supply of these metals, with import dependency for many industrial metals exceeding 50% [16][20]. - Export controls on strategic metals have led to significant price increases domestically, with prices expected to continue rising as global demand grows [21][22]. 2. AI Technology and Electronic Materials - The report discusses the impact of AI technology on the demand for electronic materials, predicting a dual increase in both volume and price as the technology evolves [9][10]. - The need for advanced electronic components that can handle higher power and efficiency is driving innovation in materials used in AI applications [9][10]. 3. Investment Recommendations - The report recommends focusing on domestic strategic resource sectors and companies benefiting from AI technology advancements. Key companies highlighted include Huaxi Nonferrous, Xiyegongsi, Boqian New Materials, and others [13][10].