小金属半年报|贵研铂业、宝武镁业、翔鹭钨业销售净利率不足2% 贵研铂业净利率1.18%赚钱能力垫底

Core Insights - The small metals industry has shown varied performance in terms of profitability, with many companies reporting low gross and net profit margins in the first half of 2025 [1][3]. Group 1: Gross Profit Margin Analysis - Most small metal companies have a gross profit margin below 20%, with Anning Co. leading at 60.13%, while Guiyan Platinum and Huayang New Materials reported significantly lower margins of 2.19% and 0.54% respectively [1]. - Huayang New Materials presents an anomaly where its gross profit margin is only 0.54%, yet its net profit margin is remarkably high at 54.62%, indicating unusual financial dynamics [5][6]. Group 2: Net Profit Margin Analysis - The majority of small metal companies have a net profit margin below 7%, with Guiyan Platinum, Baowu Magnesium, and Xianglu Tungsten reporting particularly low margins of 1.18%, 1.56%, and 1.97% respectively [3][6]. - Despite the overall profitability in the small metals sector, Guiyan Platinum's net profit margin is the lowest at 1.18%, highlighting the challenges faced by companies in this industry [6].