SPM(SH:600459) Zheng Quan Ri Bao·2025-09-23 09:08Core Viewpoint - Yunnan Precious Metals New Materials Holding Group Co., Ltd. (referred to as "Guizhou Platinum Industry") plans to raise up to 1.291 billion yuan through a private placement of A-shares to support technological innovation, industrial transformation, and working capital needs [2] Group 1: Company Initiatives - The company aims to enhance its research and development capabilities and optimize its capital structure through this fundraising, which is deemed necessary due to the urgent funding needs arising from business expansion in emerging fields like hydrogen energy and semiconductors [2][4] - The planned investment includes the establishment of a key laboratory platform and an AI laboratory focused on new materials, which will leverage AI technology to accelerate material innovation and reduce R&D costs [4][5] Group 2: Market Demand and Growth - The demand for precious metals in China reached 12,200 tons in 2023, marking a 23% year-on-year increase, primarily driven by industrial demand, which accounts for over 80% of total demand [3] - China's precious metals demand represents 27.6% of global demand, with industrial applications making up 47.7% of the global market, positioning China as the leading country in precious metal industrial applications [3] Group 3: Policy Support - Recent government policies have been implemented to support the development of the new materials industry and technological innovation, including a plan to enhance the supply capacity of high-end new materials in various sectors by 2027 [3] Group 4: Resource Recovery and Sustainability - The company is focusing on increasing the recycling rate of platinum group metals through its fundraising projects, which is crucial for ensuring national strategic resource security [4][5] - The establishment of a green recycling base in Dongying, Shandong, aims to enhance the company's resource recovery capabilities and metal production capacity [5]