Core Viewpoint - Guizhou Yanfeng Platinum Industry Co., Ltd. (贵研铂业) is enhancing its competitiveness through strategic investments and a focus on high-quality development in the precious metals sector, with a total investment of 384 million yuan in a new industrial catalyst project [1][2]. Investment and Expansion - The company plans to invest 384 million yuan in a precious metal industrial catalyst project in Anning, Yunnan, to increase production capacity and strengthen its competitive position in the market [2]. - Guizhou Yanfeng Platinum has been expanding its asset scale, with total assets reaching 16.942 billion yuan as of March 2025, a year-on-year increase of 19.48% [1][7]. Financial Performance - In 2024, the company achieved a revenue of 47.504 billion yuan, a year-on-year growth of 5.36%, and a net profit of 579 million yuan, up 23.74%, marking the ninth consecutive year of double growth in revenue and profit [4][5]. - The company aims to reach a revenue target of 50 billion yuan in 2025 [7]. Business Segments - The precious metal secondary resource recycling segment showed significant growth in 2024, with platinum group metal recovery increasing by over 20%, gold recovery by over 200%, and silver recovery by over 10% [5]. - The precious metal new materials manufacturing segment also saw breakthroughs, with production of precursor products increasing by over 20% and automotive exhaust purification catalysts by 22% [5]. Research and Development - The company has a strong focus on R&D, with 615 R&D personnel accounting for 30.80% of the total workforce, and R&D expenses exceeding 300 million yuan annually from 2022 to 2024 [6][7]. - In the first quarter of 2025, R&D expenses grew by 12.83% year-on-year to 64.84 million yuan [7]. Strategic Initiatives - Guizhou Yanfeng Platinum is committed to the development of high-end materials and the circular economy, while also deepening its international presence to address challenges from price fluctuations and increased competition in the precious metals industry [7].

"十四五"以来我国步入高质量发展阶段，多项政策推动节能环保、生物、新材料和新能源汽车等战略性新兴 产业快速发展，贵金属材料需求逐渐增加，在实现关键材料国产替代进程占据重要地位;此外，在"双碳"背 景下，加快推动绿色低碳发展、持续改善环境质量、提升生态系统质量和稳定性、全面提高资源利用效率将 是"十四五"时期的发展重点，贵金属材料循环利用技术发展的重要性逐渐提高。 转自：前瞻产业研究院 行业主要上市公司：凯立新材(688269.SH)、凯大催化(830974.BJ)、苏州固锝(002079.SZ)、贵研铂业 (600459.SH)、福达合金(603045.SH)、聚和材料(688503.SH)、有研新材(600206.SH)等 本文核心数据：中国贵金属材料行业政策;各省市贵金属材料行业政策;政策解读 1、政策历程图 贵金属材料在汽车、节能环保、精细化工、生物医药等多个战略新兴产业中占据重要地位，国家发布多项政 策，提出提升关键芯片设计水平、专用电子材料供给保障能力，促进高端装备与新材料产业突破发展;同 时，2024年3月国务院发布的《推动大规模设备更新和消费品以旧换新行动方案》特别提出加强贵金属的回 收利用，环 ...