Core Viewpoint - The precious metals industry, including gold, silver, and platinum group metals, is essential for various industrial applications and is experiencing significant growth, particularly in China, which is becoming a key driver in the global precious metals market [2]. Industry Overview - Precious metals are considered one of the most widely used materials in the industrial system, providing thousands of material varieties essential for modern industry [2]. - The industry serves multiple sectors, including aerospace, electronics, energy, chemicals, petroleum, automotive, biomedicine, and environmental protection [2]. - Precious metal catalytic materials are extensively used in petroleum chemistry, pharmaceutical synthesis, fine chemicals, ammonium nitrate fertilizers, and automotive pollution control [2]. - Precious metal chemical materials are crucial for producing high-purity materials, industrial catalytic materials, environmental remediation materials, and surface functional materials [2]. - Special functional materials made from precious metals, such as electrical contact materials and precision alloy materials, find applications in electronics, chemical construction, and metallurgy [2]. - The demand for precious metals is increasing due to advancements in high-tech industries, making them key materials for sustainable development [2]. - The growth rate of China's precious metals industry is generally higher than the global average, positioning China as an important driver of the global precious metals market [2].

Core Viewpoint - The company focuses on the precious metals industry, engaging primarily in three core business segments: new materials manufacturing, precious metal resource recycling, and supply services [1] Company Overview - The company provides products and services to various industries, including aerospace, electronics, energy, chemicals, petroleum, automotive, biomedicine, and environmental protection [1] - Precious metal catalytic materials are widely used in petroleum chemistry, pharmaceutical synthesis, fine chemicals, ammonium nitrate fertilizers, and automotive pollution control [1] - Precious metal chemical materials serve as important precursors for high-purity materials, industrial catalytic materials, environmental remediation materials, and surface functional materials [1] - Special functional materials made from precious metals are extensively applied in electronics, construction materials, and metallurgy [1] - Information functional materials from precious metals are commonly used in chip electronic components, thick-film integrated circuits, crystalline silicon solar cells, membrane switches, and flat panel displays [1] Industry Insights - The development of high-tech industries has continuously opened new application spaces and fields for precious metals [1] - The demand for precious metal materials in relevant fields is increasing, positioning them as key materials for sustainable development in human society [1] - The growth rate of China's precious metals industry generally exceeds the global average, making China a significant driving force in the global precious metals industry [1]

Core Viewpoint - The Chinese precious metals materials industry is experiencing significant growth driven by various national and provincial policies aimed at promoting sustainable development, resource recycling, and the advancement of strategic emerging industries [1][3][11]. Policy Overview - Since the "14th Five-Year Plan," multiple policies have been implemented to enhance the development of strategic emerging industries, including precious metals materials, which are crucial for sectors like automotive, environmental protection, and biomedicine [3][11]. - The government emphasizes the importance of recycling precious metals, particularly in the context of green and low-carbon development, as outlined in the "Action Plan for Promoting Large-Scale Equipment Renewal and Consumer Goods Replacement" released in March 2024 [3][4]. National Policy Summary - A series of national policies have been introduced to support the precious metals materials industry, focusing on improving the supply chain for key materials and promoting the recycling of precious metals [3][4]. - Key policies include: - The "Standard Enhancement Action Plan" aims to optimize standards across various industries by 2027 [4]. - The "Guidance on Coordinating Energy Conservation, Carbon Reduction, and Recycling" targets a recycling volume of 450 million tons of major renewable resources by 2025 [4]. - The "14th Five-Year Plan for the Precious Metals Industry" outlines goals for increasing gold resource exploration and production [4][5]. Provincial Policy Highlights - Various provinces have established specific policies to promote the development of the precious metals materials industry: - Fujian focuses on high-purity rare metals and advanced materials [14]. - Gansu aims to leverage its platinum group metal resources to develop hydrogen energy-related materials [14]. - Guangdong and Henan have set ambitious targets for gold and silver resource development by 2025 [14][17]. - The policies across provinces emphasize the importance of recycling and resource utilization, with several regions targeting the establishment of recycling markets for precious metals [14][17]. Industry Development Goals - The precious metals materials industry is set to benefit from a robust policy framework that encourages innovation, recycling, and sustainable practices [11][17]. - By 2025, significant advancements are expected in the recycling and utilization of precious metals, with provinces like Yunnan targeting a production capacity of over 30 tons of platinum group metals [17].

证券简称：凯大催化证券代码：830974 浙江省杭州市拱墅区康桥路 7 号 101 室 杭州凯大催化金属材料股份有限公司 杭州凯大催化金属材料股份有限公司招股说明书（申报稿） 本公司的发行申请尚未经中国证监会注册。本招股说明书申报稿不具有据以发行股票的法律 效力，投资者应当以正式公告的招股说明书全文作为投资决定的依据。 本次股票发行后拟在北京证券交易所上市，该市场具有较高的投资风险。北京证券交易所主 要服务创新型中小企业，上市公司具有经营风险高、业绩不稳定、退市风险高等特点，投资者面 保荐人（主承销商） （成都市青羊区东城根上街 95 号） 1-1-1 临较大的市场风险。投资者应充分了解北京证券交易所市场的投资风险及本公司所披露的风险因 素，审慎作出投资决定。 中国证监会和北京证券交易所对本次发行所作的任何决定或意见，均不表明其对注册 申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的盈利 能力、投资价值或者对投资者的收益作出实质性判断或者保证。任何与之相反的声明均属 虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发行人自行 负责；投资者自主判断发行人 ...