Sino-Platinum Metals
Sino-Platinum Metals (Guiyan Group, 600459.SH) is a Yunnan provincial state-owned high-tech group that researches, manufactures, and recycles precious metal new materials — including platinum-group metals, gold, silver, and catalysts — serving automotive, defense, electronics, new energy, and biomedical customers worldwide.
- Company typePublic
- Founded1928
- HeadquartersKunming, China
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Sino-Platinum Metals does
Sino-Platinum Metals (云南省贵金属新材料控股集团股份有限公司; ticker 600459.SH), commonly known as Guiyan Group, is a Yunnan provincial state-owned high-tech enterprise dedicated to the R&D, manufacturing, and resource recycling of precious metal new materials. Tracing its origins to the Engineering Research Institute of the National Central Research Institute (founded 1928) and evolving through the Chinese Academy of Sciences' Institute of Precious Metals, the group was corporatized in 1999–2000, listed on the Shanghai Stock Exchange in 2003, and completed overall listing in 2022 as one of the first Yunnan SOEs to do so. The group operates three integrated business segments: precious metal new materials manufacturing (bonding gold wire, electronic pastes, catalysts, sensor materials, biomedical materials, sputtering targets, and 400+ product varieties across 4,000+ specifications), precious metal resource development and recycling (recovering platinum-group metals, gold, and silver from spent automotive/industrial catalysts, petrochemical catalysts, and electronic scrap at annual processing capacity of 5,000 tons), and precious metal supply services (physical trading, import/export, financial derivatives, supply chain financing, and asset securitization). It is the only domestic entity with a complete precious metals technology stack and hosts the National Key Laboratory of Precious Metal Functional Materials jointly with Tianjin University.
The company serves five strategic application domains — national defense, environmental protection, new energy/chemical, life sciences/healthcare, and next-generation IT — through a diversified B2B enterprise field-sales model. Direct sales teams are organized by business segment, while subsidiaries (Guiyan Metals Shanghai, Guiyan Singapore, Guiyan Catalyst, Guiyan Zhongxi, Guiyan Biomedical, Guiyan New Energy, among 17+ entities) provide specialized go-to-market and overseas coverage. Named customers include BYD, Changan, SAIC, FAW, Weichai, Yuchai, BASF, Johnson Matthey, Umicore, Cataler, Schneider Electric, ABB, and Siemens. Pricing is structured around precious metal price passthrough plus processing fees, yielding thin gross margins (~2.6%) and net margins (~1.15%) but high revenue scale. The group holds the #1 domestic and #5 global position in precious metals, and contributes 60% of Yunnan's platinum-group metal new materials output against a provincial industry total industrial output of ¥130B (2025).
Growth is driven by structural demand for domestic substitution in semiconductor packaging, hydrogen energy catalysts, platinum anti-cancer drugs, and electric contact materials, supported by a CSRC-approved ¥1.291B private placement (2026) for science innovation platforms and recycling-base expansion. The group has executed over 3,000 national R&D projects, operates 10 national-level and 14 provincial innovation platforms, 9 academician workstations, and 20 expert workstations, and is the first Yunnan SOE to establish a national key laboratory. Strategic initiatives focus on "high-end, digital, green, international" transformation, with a forthcoming AI Lab intended to accelerate materials discovery and recycling-process optimization. Revenue reached ¥55.675B in 2025 (+17.2% YoY) with net income of ¥0.641B (+10.54% YoY), and 2025 overseas sales hit ¥5.832B (+24.71% YoY) across 26 countries and regions.
Sino-Platinum Metals firmographics
Firmographics- Name
- Sino-Platinum Metals
- Legal name
- 云南省贵金属新材料控股集团股份有限公司
- Website
- https://sino-platinum.com.cn
- Company type
- Public
- Founded year
- 1928
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Sino-Platinum Metals (Guiyan Group, 600459.SH) is a Yunnan provincial state-owned high-tech group that researches, manufactures, and recycles precious metal new materials — including platinum-group metals, gold, silver, and catalysts — serving automotive, defense, electronics, new energy, and biomedical customers worldwide.
- Ownership category
- akta.pro rank
Sino-Platinum Metals industry classification
Industry- Product category
- Industrial Precious Metals and Advanced Materials Manufacturing
- NAICS
- Nonferrous Metal (except Aluminum) Smelting and Refining (33141), Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum) (331492), Nonferrous Metal (except Aluminum) Smelting and Refining (331410)
- SIC
- Primary Smelting & Refining Of Nonferrous Metals (3330)
- akta.pro primary industry
- Precious Metals Recycling & Urban Mining (E-waste, Catalysts, Jewelry Scrap) (IMAKAEAG)
- akta.pro secondary industries
- Precious Metals Smelting & Refining (IMAKAEAE), Catalytic Converter Recycling & Precious Metals Recovery (PGM) (EUAIAJAG), Precious & Specialty Metal Recovery (Smelting, Refining, Hydrometallurgy) (EUAIAIAD), Metals Recycling & Processing (Ferrous/Non-Ferrous) (BPALADAF)
Keywords
Where Sino-Platinum Metals is headquartered
LocationHeadquarters
- HQ city
- Kunming
- HQ country
- China
- HQ region
- Asia
Offices1 record
Markets served
Sino-Platinum Metals business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Personnel, Operations, Infrastructure
Revenue model
- 贵金属新材料制造: 研发制造贵金属新材料产品，包括键合金线、电子浆料、传感器材料、催化剂、贵金属化合物、医疗材料、半导体材料等334+产品品种、3336+品种规格，面向国防、环保、新能源、生命健康、新一代信息技术五大领域。
- 贵金属资源开发及循环利用: 从失效汽车尾气催化剂、石油化工催化剂、电子废料等二次资源中回收铂族金属、金、银，年处理贵金属二次资源物料5000吨以上，年回收铂族金属约18吨、黄金约11吨、白银约2084吨，提供原料-产品加工-资源再生一站式服务。
- 贵金属供给服务: 贵金属实物交易、进出口及转口贸易；金融衍生品交易（套期保值、远期、金属租赁等）；贵金属供应链融资、质押融资等贸易金融业务；参与贵金属资产化及证券化交易。
- 定增融资（上市公司）: 贵研铂业（600459.SH）向特定对象发行股票募资12.91亿元，投入科技创新平台建设和产业转型升级项目，属于上市公司股权融资。
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Sino-Platinum Metals product offering
Product offeringCore offering
Sino-Platinum Metals manufactures and supplies precious metal new materials (bonding gold wire, electronic pastes, catalysts, brazing materials, electrical contact materials, semiconductor materials, sensor materials, and bio-medical materials) across five application fields: national defense, environmental protection, new energy/chemicals, life health, and next-generation information technology. The group also recovers platinum group metals, gold, and silver from spent catalysts and electronic waste, and provides trading, import/export, financial derivatives, and supply chain financing services.
Product overview
Sino-Platinum Metals (贵金属集团) operates as a diversified precious metals conglomerate with three core business segments: (1) Precious Metal New Materials Manufacturing producing over 400 product varieties including bonding gold wire, catalysts, electronic pastes, and medical materials; (2) Precious Metal Resource Development and Recycling processing spent automotive/industrial catalysts and electronic waste to recover platinum group metals; and (3) Precious Metal Supply Services offering physical trading, financial derivatives, and supply chain financing. The company maintains 15+ subsidiary companies including specialized units for chemicals (贵研化学), semiconductors (贵研半导体), electronics (贵研电子), catalysts (贵研催化剂), biomaterials (贵研生物), and new energy (贵研新能源), all supported by comprehensive research (全国重点实验室) and testing platforms (检测平台服务).
Differentiator
Problem solved
Functional benefit
Products and services
- Precious Metal New Materials Manufacturing (贵金属新材料制造) Core manufacturing segment producing precious metal new materials spanning bonding gold wire, special powder materials, electrical contact materials, sensor materials, brazing materials, precision alloys, iridium alloys, and hydrogen/fuel cell catalysts. Serves five major application fields: national defense, environmental protection, new energy/chemicals, life health, and next-generation information technology. Over 400 product varieties and 4,000+ specifications are produced.
- Precious Metal Resource Development and Recycling (贵金属资源开发及循环利用) Comprehensive recycling and utilization of precious metals from spent automotive catalysts, petrochemical catalysts, fine chemical catalysts, electronic alloy scrap, anode mud, and other complex precious metal waste materials. Annual treatment capacity of 5,000 tons of secondary resource material, achieving a platinum group metal recovery rate above 98.5%.
- Precious Metal Supply Services (贵金属供给服务) Full-service precious metal trading platform providing physical trading, import/export and transit trade, financial derivatives (hedging, forwards, metal leasing), asset/securitization trading, supply chain financing, and investment services. Ran by Guiyan Metals Shanghai and Guiyan Singapore.
- Research Platform Services (科研平台服务) Research platform services encompassing the National Key Laboratory of Precious Metal Functional Materials, Yunnan Precious Metal Laboratory, 9 academician workstations, and 18-20 expert workstations providing comprehensive R&D and 'industry-academia-research-application' integration support.
- Testing Platform Services (检测平台服务) Professional third-party precious metal testing services for purity analysis, fire assay, trace precious metal element quantitative analysis, physical performance testing, and national standard sample sales.
Quantifiable outcome
- 2025年营业收入556.75亿元，同比增长17.2%；净利润6.41亿元，同比增长10.54%
- +5 more outcomes
Companies that use Sino-Platinum Metals
Customer profileNamed customers19 records
Segments7 records
Ideal customer profiles4 records
Sino-Platinum Metals technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Sino-Platinum Metals partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- 潍柴动力core贵研催化公司与潍柴、天津大学、山东大学等6家单位协同攻关的高性能柴油机关键技术及应用项目，突破柴油机整机、后处理一体化技术瓶颈，形成全套自主核心技术，获国家科技进步二等奖。
- 天津大学core天津大学参与共建贵金属功能材料全国重点实验室，围绕贵金属特种功能材料、催化功能材料、二次资源循环利用三大方向开展联合攻关。
- 清华大学core贵金属集团与清华大学签约，围绕贵金属新材料技术创新开展产学研用深度融合合作。
- 上海交通大学core贵金属集团与上海交大签约，深化产学研合作，共同推动贵金属材料领域科技创新和成果转化。
- 云锡新材料（哈工大）minor云锡新材料与哈尔滨工业大学携手，深化产学研用深度融合，推动稀贵金属技术创新。
- 云投集团core双方围绕"十五五"发展规划，就后续开展产业链上下游的科技创新、资本运营等交换意见，在医疗、光伏等领域加强合作，通过资本手段助推贵金属实体产业发展。
- 广东风华高科core双方就电子新材料技术创新、产品迭代升级、资源优势互补、市场协同发展等重点领域开展联合攻关，携手推动产业高质量发展。
- 保利集团core双方深化互学互鉴与资源共享，在贵金属资源供给方面加强合作，持续强化产业链供应链韧性和安全水平，共同探索合作共赢的新路径。
- 云锡（锡业股份）minor与云锡建立月度联络共商机制，共同打造滇中稀贵金属国家先进制造业集群。
- 云南锗业minor共同参与滇中稀贵金属国家先进制造业集群建设，贵金属集团作为"链主"企业引领产业发展。
Scale indicators11 records
Recent moves9 records
Expansion highlights9 records
Sino-Platinum Metals competitors and assessment
Company assessmentEmerging players
- Impala Platinum (Implats): South African PGM miner and refiner with growing recycling operations. Upstream primary PGM producer but competes with Sino-Platinum in the global PGM refining and downstream catalyst materials markets.
Direct peers
- Dowa Holdings: Japanese diversified metals and recycling company with significant precious metal recycling and refining operations. Strong overlap with Sino-Platinum's secondary resource recycling segment, particularly e-waste and catalyst recovery.
- Asahi Refining: North American precious metals refiner (formerly Johnson Matthey North American refining) focused on PGM and gold/silver refining from secondary sources. Competes directly in global PGM recycling and refining capacity.
- Heraeus Precious Metals: German-based global precious metals technology group operating in PGM refining, recycling, and fabricated precious metal products (contact materials, bonding wire, sputtering targets). Direct competitor across multiple Sino-Platinum product lines.
- Umicore: Belgian materials technology group specializing in automotive catalysts, precious metals recycling, and fuel cell/refining materials. Closest global comparable to Sino-Platinum's full precious-metals value chain and is cited as a co-developer partner by the company.
- Johnson Matthey: UK-listed global leader in PGM catalysts and PGM recycling/refining. Directly competing with Sino-Platinum in automotive catalysts, chemical catalysts, and PGM secondary recovery, and is identified as a partner-counterparty in the company's own customer list.
- Tanaka Kikinzoku Kogyo: Japanese precious metals manufacturer with strong positions in bonding wire, electrical contacts, catalysts, and PGM recycling. Closest Asian peer competing head-to-head in semiconductor and electronic materials markets.
- Mitsubishi Materials: Japanese diversified materials company with notable precious metals recycling business and advanced materials offering. Comparable in scale and product breadth across PGM refining and electronic materials.
- Cataler Corporation: Japanese-owned global automotive catalyst manufacturer (Toyota Tsusho group). Named as a Sino-Platinum partner in the company's data and competes in the same automotive catalyst customer base (BYD, Toyota, etc.).
Broad incumbents
- BASF (Catalysts division): Global chemical giant whose Catalysts division competes with Sino-Platinum in automotive and chemical catalysts and PGM-related materials. Also named as a customer partner in the company's own data, indicating overlap as both competitor and counterparty.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks5 records
Key highlights7 records
Customer concentration
Sino-Platinum Metals social profiles
Digital presenceSino-Platinum Metals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sino-Platinum Metals leadership team
Management profileNumber of profiles
Profiles13 records
Sino-Platinum Metals subsidiaries and ownership
Company hierarchySubsidiaries20 records
Sino-Platinum Metals funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sino-Platinum Metals M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sino-Platinum Metals
What does Sino-Platinum Metals do?
Sino-Platinum Metals manufactures and supplies precious metal new materials (bonding gold wire, electronic pastes, catalysts, brazing materials, electrical contact materials, semiconductor materials, sensor materials, and bio-medical materials) across five application fields: national defense, environmental protection, new energy/chemicals, life health, and next-generation information technology. The group also recovers platinum group metals, gold, and silver from spent catalysts and electronic waste, and provides trading, import/export, financial derivatives, and supply chain financing services.
Is Sino-Platinum Metals a public or private company?
Sino-Platinum Metals is a public company. It is classified as public and is currently operating.
When was Sino-Platinum Metals founded?
Sino-Platinum Metals was founded in 1928. It employs 1,001 to 5,000 people.
Where is Sino-Platinum Metals based?
Sino-Platinum Metals is headquartered in Kunming, China, in the Asia region.
How does Sino-Platinum Metals make money?
Four revenue lines are on record. 贵金属新材料制造 is the primary driver. The others are 贵金属资源开发及循环利用, 贵金属供给服务 and 定增融资（上市公司）.
Who are Sino-Platinum Metals's main competitors?
Impala Platinum (Implats) is listed as an emerging player. Direct peers are Dowa Holdings, Asahi Refining, Heraeus Precious Metals, Umicore, Johnson Matthey, Tanaka Kikinzoku Kogyo, Mitsubishi Materials and Cataler Corporation. BASF (Catalysts division) is listed as a broad incumbent.
Does Sino-Platinum Metals have an API?
No public API is recorded for Sino-Platinum Metals.
What industry is Sino-Platinum Metals in?
Sino-Platinum Metals's product category is Industrial Precious Metals and Advanced Materials Manufacturing. Its primary akta.pro industry code is IMAKAEAG, Precious Metals Recycling & Urban Mining (E-waste, Catalysts, Jewelry Scrap), with a secondary code of IMAKAEAE, Precious Metals Smelting & Refining. Its NAICS code is 33141 and its SIC code is 3330.