Sino-Platinum Metals Co Ltd

Sino-Platinum Metals released its half-year report on the evening of August 20. First-half operating revenue was 22.652 billion yuan, down 23.36% year on year, while net profit attributable to the parent company was 350 million yuan, up 7.63% year on year. The profit growth mainly came from alloy functional materials, semiconductor materials, electronic materials and industrial catalysts in the new materials manufacturing segment, while platinum group metals and silver recycling in the precious metals secondary resources segment continued to grow steadily. On the same day, the company disclosed its 2026 interim equity distribution plan, proposing a cash dividend of 0.67 yuan per 10 shares, with total cash dividends of 55.1596 million yuan. Driven by demand from computing power and AI industries and voltage platform upgrades, electric vacuum silver-copper solder grew 22% year on year, and the emerging electrical contact track grew 244% year on year. Sales volume from core semiconductor customers rose 6% year on year, orders for low-temperature silver paste rose 391% year on year, orders for high-temperature paste rose 230% year on year, and orders for specialty paste rose about 130% year on year.

Sino-Platinum Metals announced that its wholly-owned subsidiary, Sino-Platinum Metals Resources Yimen Company, plans to invest 104 million yuan to build a pilot project for recycling decommissioned photovoltaic modules, with a construction period of about 12 months. The project will construct a new decommissioned photovoltaic recycling and processing plant within the existing factory area, covering a total land area of approximately 9,030 square meters. Once completed, it will have an annual processing capacity of 15,000 tonnes of decommissioned photovoltaic modules and 5,000 tonnes of externally purchased battery cells. The company stated that this project is an important practice in serving the national dual carbon strategy and promoting green circular economy. Leveraging the accumulation of Sino-Platinum Metals Resources in the field of precious metal recycling, it focuses on the refining and recovery of valuable metals such as silver from decommissioned photovoltaic modules, creating a full-process industrial chain loop. This will accumulate technical reserves and operational experience for future capacity expansion and fill the company's gap in the photovoltaic recycling sector.