Core Viewpoint - The precious metals industry in China is experiencing growth driven by increasing demand in various sectors, including technology and high-end manufacturing, despite a slight decrease in gold consumption in 2024 [1][10]. Group 1: Industry Definition and Classification - Precious metals include gold (Au), silver (Ag), platinum (Pt), palladium (Pd), ruthenium (Ru), rhodium (Rh), iridium (Ir), and osmium (Os), with platinum group metals being particularly significant [2][4]. - Precious metals are categorized into light and heavy precious metals, and they are utilized in various forms such as catalysts, pastes, and electrical contact materials [2]. Group 2: Industry Development Status - Precious metals are crucial raw materials for technology and high-end manufacturing, with platinum group metals being limited in supply [4][6]. - In 2023, China's precious metal mineral reserves were approximately 75,000 tons, with silver accounting for about 95% and platinum group metals only 0.11% [4]. Group 3: Market Demand and Supply - China is the world's largest consumer of platinum, with a total demand of 69.5 tons in 2023, a year-on-year increase of 4.35%, while the total supply was 103.9 tons [6]. - The supply of palladium in China was 31.4 tons in 2023, with a consumption of 85.5 tons, indicating a supply-demand imbalance [6]. Group 4: Market Size and Growth - The market size for China's precious metals industry is projected to reach 1,763.497 billion yuan in 2024, an increase of 102.794 billion yuan from 2023, with expectations of approximately 1,873.371 billion yuan in 2025 [10]. Group 5: Competitive Landscape - The precious metals market in China features a mix of large multinational corporations and domestic leaders, with significant competition among various manufacturers [14]. - Key players in the market include Guoyan Platinum Industry, Yuyuan New Materials, and Juhe Materials, among others [14][17]. Group 6: Industry Trends - The demand for precious metals as safe-haven assets is expected to remain strong due to ongoing global economic recovery and financial market uncertainties [10][22]. - The rapid development of new energy and high-tech industries is anticipated to expand the applications of precious metals, contributing to market growth [22].

【DT新材料】 获悉，4月22日， 康达新材 发布公告，2025年第一季度，公司归母净利润为540.00 万元，同比增长121.78%；扣非归母净利润为266.23万元，同比增长110.07%。 | 项目 | 本报告期 | 上年同期 | | --- | --- | --- | | 归属于上市公司 股东的净利润 | 盈利: 540.00 万元 - 660.00 万元 | 亏损:2.479.35 万元 | | | 比上年同期增长:121.78% - 126.62% | | | 扣除非经常性损 益后的净利润 | 盈利:266.23 万元 - 386.23 万元 | 亏损:2,642.75 万元 | | | 比上年同期增长:110.07% - 114.61% | | | 基本每股收益 | 盈利:0.018 元/股 - 0.022 元/股 | 亏损:0.083 元/股 | 一季度内公司在 胶粘剂新材料 板块实现销量增加，特别是风电叶片系列产品业务发展趋势向好。 实现营收规模大幅增加，净利润同比扭亏为盈，同比上年一季度业绩显著回升。 同日，康达新材发布 2024年年报 ，公司2024实现营业收入31.01亿元，同比上升1 ...