Core Viewpoint - Guizhou Platinum Industry (600459.SH) plans to raise up to 1.291 billion yuan through the capital market to accelerate technological innovation and transformation upgrades [1][2] Fundraising Details - The company intends to invest 480 million yuan in a "Technology Innovation Platform" project, accounting for approximately 37% of the total fundraising [1][2] - An additional 420 million yuan is earmarked for "Industrial Transformation and Upgrading" projects, representing about 33% of the total [1][3] - The remaining 387 million yuan will be used to supplement working capital [2] Project Breakdown - The "Technology Innovation Platform" project includes two sub-projects: the "National Key Laboratory Platform for Precious Metal Functional Materials" and the "AI Laboratory for New Precious Materials," with investments of 400 million yuan and 84 million yuan, respectively [2] - The "Industrial Transformation and Upgrading" project consists of four sub-projects, including the "Modern Industrial Base for Precious Metal Secondary Resource Enrichment and Regeneration," with total investments of 170 million yuan, 130 million yuan, 80 million yuan, and 40 million yuan [3] Financial Performance - Guizhou Platinum Industry's revenue has grown from 6.881 billion yuan in 2014 to 47.504 billion yuan in 2024, with a compound annual growth rate of 21.31% [4] - In the first half of 2025, the company achieved revenue of 29.554 billion yuan, a 20.91% increase from the same period last year [4][5] - The net profit for the first half of 2025 was 3.48 billion yuan, reflecting a 1.93% increase year-on-year [4] R&D Investment - In the first half of 2025, R&D expenses reached 149 million yuan, a year-on-year increase of 24.19%, aligning closely with revenue growth [6] - The company has established a comprehensive technology innovation system supported by multiple national and provincial innovation platforms [6] Dividend History - Since its listing, Guizhou Platinum Industry has distributed dividends 20 times, totaling 1.072 billion yuan [7]

Group 1 - The company plans to issue A-shares to no more than 35 specific investors, aiming to raise a total of up to 1.291 billion yuan [1] - The funds raised will be allocated to several projects, including the construction of a key laboratory platform for precious metal functional materials and an AI laboratory for new precious metal materials [1] - The total number of shares to be issued will not exceed 228 million shares [1] Group 2 - The projects funded by the issuance include the modern industrial base for the recycling of secondary precious metal resources and the green recycling project for secondary resources [1] - Additional funds will be used for deep processing and intelligent upgrading of new functional alloy materials [1]