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Kunming-based platinum-group-metals group: recycles scrap, supplies and trades metal, and makes functional materials and catalysts.
Kunming-based platinum-group-metals group: recycles scrap, supplies and trades metal, and makes functional materials and catalysts.
Most revenue is metal passing through its hands: it recycles platinum-group metals from scrap such as spent catalysts, supplies and trades the metals, and keeps a processing margin. Functional materials and catalysts are smaller, higher-value lines. Metal prices and scrap volumes swing results.
In one line: A Chinese Johnson Matthey (PGM catalysts).
Moat: narrow (process know-how, scale). PGM refining and catalyst-formulation know-how is capital-intensive and technically demanding to replicate.
Headquarters: Kunming, China · Employees: 2,268
Size Sino-Platinum Metals (600459.SS) is a China Materials company (Precious Metals) with a market value of $2.06B, the 1222nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥16.70 on 6 Nov 2026.
Performance Over six months the shares fell 16.9%, against -17.8% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 19 in its peer set.
Growth Revenue fell 26.8% over the last twelve months (peer median +62.1%); the operating margin is 1.9% (peer median 37.0%).
Valuation It trades at 19.0× forward earnings against a peer median of 10.4× (most expensive of 11).
Capital Return on invested capital runs 2.7 points below its cost of capital (7.5% WACC).
Next results Next results expected around 9 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥40.7B | CN¥55.7B | CN¥47.4B | CN¥45.0B | CN¥40.7B |
| Revenue growth | — | +17% | +5% | +11% | — |
| Gross profit | CN¥1.91B | CN¥1.39B | CN¥1.27B | CN¥1.29B | CN¥1.30B |
| EBITDA | n/a | CN¥724M | CN¥613M | CN¥601M | CN¥647M |
| Net income | CN¥663M | CN¥641M | CN¥579M | CN¥468M | CN¥407M |
| Free cash flow | -CN¥508M | -CN¥2.35B | CN¥459M | CN¥543M | CN¥444M |
| Capital expenditure | CN¥401M | CN¥432M | CN¥354M | CN¥202M | CN¥190M |
| Total debt | CN¥9.89B | CN¥6.79B | CN¥4.81B | CN¥2.81B | CN¥4.66B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sino-Platinum Metals 600459.SS | $2.06B | -17% | -27% | 2% | 19.0× | n/a |
| Johnson Matthey JMAT.L | $4.01B | +14% | +8% | 3% | 13.3× | 9.6% |
| Basf BAS.DE | $52.6B | +2% | -4% | 7% | 16.8× | 5.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600459.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.1% | -4.2% | 8th lowest of 21 |
| 6-month return | -16.9% | -17.8% | 10th highest of 19 |
| Distance from 52-week high | -44.3% | -37.6% | 9th lowest of 21 |
| Revenue growth (TTM) | -26.8% | +62.1% | lowest of 15 |
| Operating margin | 1.9% | 37.0% | 3rd lowest of 15 |
| Forward P/E | 19.0× | 10.4× | most expensive of 11 |
| ROIC minus cost of capital | -2.7 pp | +11.4 pp | 5th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sino-Platinum Metals 600459.SS | China | $2.06B | -17% | -27% | 2% | 19.0× | n/a | n/a |
| DRDGOLD Ltd. Sponsored ADR DRD | United States | $2.00B | -16% | +53% | 51% | 8.1× | -16.4% | +14.1% |
| Mineros MSA.TO | Canada | $2.00B | +73% | +77% | 39% | 7.3× | -5.8% | +11.8% |
| Silvercorp Metals SVM.TO | Canada | $1.99B | -31% | +59% | 56% | 12.9× | 4.7% | +19.0% |
| Sinda SIND | United States | $1.95B | n/a | n/a | n/a | n/a | n/a | n/a |
| Ora Banda Mining OBM.AX | Australia | $1.93B | +4% | +101% | 39% | 16.6× | 1.1% | +101.1% |
| Snowline Gold SGD.TO | Canada | $1.93B | -6% | n/a | n/a | n/a | n/a | n/a |
| Sunshine Silver Mining & Refining SSMR | United States | $1.91B | n/a | +422% | -3,022% | n/a | n/a | n/a |
| Henan Yuguang Gold & Lead 600531.SS | China | $1.83B | -32% | +48% | 2% | n/a | 7.9% | +19.6% |
| Endeavour Silver EDR.TO | Canada | $2.34B | -20% | +198% | 26% | 10.9× | n/a | n/a |
| Resolute Mining RSG.AX | Australia | $1.81B | -12% | +5% | 35% | 10.0× | -7.2% | +8.9% |
| Hycroft Mining HYMC | United States | $1.75B | -51% | n/a | n/a | n/a | n/a | n/a |
| Shandong Humon Smelting 002237.SZ | China | $2.44B | -32% | +25% | 1% | 11.2× | n/a | n/a |
| Perpetua Resources PPTA | United States | $2.44B | -35% | n/a | n/a | n/a | n/a | n/a |
| Tongguan Gold 0340.HK | Hong Kong | $1.73B | -14% | +65% | 52% | 8.2× | -9.9% | +48.9% |
| Sichuan Gold 001337.SZ | China | $2.52B | -25% | +57% | 56% | n/a | 17.7% | +13.6% |
| Southern Cross Gold Consolidated SXGC.TO | Canada | $1.65B | -9% | n/a | n/a | n/a | n/a | n/a |
| Beijing Xiaocheng Technology Stock 300139.SZ | China | $1.64B | -25% | +39% | 27% | n/a | 33.6% | +27.8% |
| Alkane Resources ALK.AX | Australia | $1.63B | +11% | +403% | 34% | 11.9× | -1.2% | +48.9% |
| West African Resources WAF.AX | Australia | $2.74B | +4% | +194% | 57% | 4.4× | -18.5% | +37.7% |
| Novagold Resources NG | United States | $2.81B | -27% | n/a | n/a | n/a | n/a | n/a |