Xin Lang Zheng Quan·2025-09-10 10:19Core 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 - Most listed companies in the small metals sector have a gross profit margin below 20%, with Anning Co. leading at 60.13% [1]. - Guoyan Platinum and Huayang New Materials reported gross profit margins of only 2.19% and 0.54%, respectively [1]. Group 2: Net Profit Margin - The majority of companies have a net profit margin below 7%, with Guoyan Platinum, Baowu Magnesium, and Xianglu Tungsten all below 2%, reporting 1.18%, 1.56%, and 1.97% respectively [3]. - An anomaly was noted with Huayang New Materials, which had a net profit margin of 54.62% despite a gross profit margin of only 0.54% [5]. Group 3: Overall Industry Performance - The small metals industry overall achieved profitability in the first half of 2025, but relative net profit margins remain low, with Guoyan Platinum at the bottom with a net profit margin of 1.18% [6].