Guiyan Platinum subsidiary to invest 435 million yuan in Shanghai composite materials base
Guiyan Platinum announced its subsidiary Guiyan Zhongxi will invest 435 million yuan to build a high-precision composite materials production base in Shanghai's Songjiang District. The 24-month project will establish four production lines for precision alloys and metal composites with an annual capacity of 2,000 tons. The company aims to seize domestic substitution opportunities and transition from traditional manufacturing to advanced new materials R&D.
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Sino-Platinum Metals subsidiary to invest 435 million yuan in high-precision composite materials base
On September 24, Sino-Platinum Metals Co., Ltd. announced that its controlled subsidiary, Guiyan Zhongxi, plans to invest 435 million yuan (approximately $60 million) to build a high-precision, high-performance composite materials production base. The project aligns with national strategy and local industrial布局. It aims to help Guiyan Zhongxi seize the window of opportunity for domestic substitution, upgrade its production capacity, equipment, and R&D platform, and transform from traditional materials manufacturing to high-end new materials R&D and manufacturing. The facility will cover 25,766.28 square meters (about 38.65 mu) with a total building area of 43,807.93 square meters. It will house four production lines: precision alloy materials, precious/cheap metal composite strips, profiles, and rivet contacts, with a designed annual output of 2,000 tons of metal composite materials.
Read sourceSino-Platinum Metals Subsidiary to Invest $434.6M in High-Performance Composite Materials Plant
Sino-Platinum Metals Co., Ltd. (600459) announced on September 24 that its controlled subsidiary, Guiyan Zhongxi (Shanghai) New Material Technology Co., Ltd., plans to invest 434.6 million yuan (approximately $60 million) to build a high-precision, high-performance composite materials production base. The project will be located in the Sheshan Town Industrial Zone, Songjiang District, Shanghai, covering about 25,800 square meters. It will establish four production lines for precision alloy materials, precious/cheap metal composite strips, profiles, and rivet contacts, with an annual design capacity of 2,000 tons of metal composite materials. The construction period is 24 months. The company stated that the project aligns with national strategy and local industrial布局, and will help the subsidiary seize the window of opportunity for domestic substitution, upgrade its production capacity and R&D platform, expand into high-value-added emerging sectors, and transform from traditional materials manufacturing to advanced new materials R&D and production.
Read sourceGuiyan Platinum subsidiary to invest 435 million yuan in new materials project
On September 24, Guiyan Platinum (600459) announced that its controlled subsidiary, Guiyan Zhongxi (Shanghai) New Material Technology Co., Ltd., plans to invest 434.6 million yuan to build a high-precision, high-performance composite material production base in Shanghai. The project, with a 24-month construction period, will establish four production lines for precision alloy materials, precious/cheap metal composite strips, profiles, and rivet contacts, targeting an annual output of 2,000 tons of metal composites. Separately, Guiyan Platinum will inject 100 million yuan into its wholly-owned subsidiary Guiyan Semiconductor Materials (Yunnan) Co., Ltd. to ease capital pressure and support market expansion. The company cited market, technical, and supply chain risks, and outlined mitigation strategies including focusing on high-growth sectors, multi-sourcing key materials, and leveraging its precious metal inventory hedging mechanisms. As of mid-2026, Guiyan Zhongxi had total assets of 1.717 billion yuan and net assets of 345 million yuan, with first-half 2026 revenue of 1.348 billion yuan and net profit of 31 million yuan.
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Guiyan Platinum Subsidiary to Invest 435 Million Yuan in High-Precision Composite Materials Base
Guiyan Platinum (600459.SH) announced via its subsidiary Guiyan Zhongxi (Shanghai) New Material Technology Co., Ltd. a plan to invest 435 million yuan (approximately $60 million) to build a high-precision, high-performance composite materials production base. The project, with a construction period of 24 months, aims to expand the subsidiary's business scope, enhance technological innovation capabilities, drive industrial transformation and upgrading, and consolidate existing business advantages. According to the company, the project aligns with national strategies and local industrial布局. It is intended to help Guiyan Zhongxi seize the window of opportunity for domestic substitution, upgrade its production capacity, equipment, and R&D platform, strengthen its traditional business foundation, expand into high-value-added emerging sectors, and transition from traditional materials manufacturing to high-end new materials R&D and manufacturing, thereby enhancing overall market competitiveness.
Read sourceGuiyan Platinum Subsidiary to Invest 435 Million Yuan in New Materials Project
Guiyan Platinum (贵研铂业) announced that its subsidiary, Guiyan Zhongxi (贵研中希), will invest 435 million yuan to build a new metal composite materials production project. The project aims to establish four production lines for precision alloy materials, precious/base metal composite strips, profiles, and rivet contacts, with an annual design capacity of 2,000 tons of metal composite materials. The construction period is 24 months. Guiyan Platinum stated the project will help Guiyan Zhongxi seize the window of opportunity for independent control, upgrade its production capacity, equipment, and R&D platform, and strengthen its traditional business while transitioning to new materials R&D and manufacturing. The company identified risks including market, technology, and raw material/supply chain risks, and outlined mitigation measures such as focusing on high-growth industry sectors, conducting multi-round process trials, and implementing multi-source procurement for key materials. As of June 2026, Guiyan Zhongxi had total assets of 1.717 billion yuan and net assets of 345 million yuan, with first-half 2026 revenue of 1.348 billion yuan and net profit of 31 million yuan.
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