CHI SILVER GP (00815) announced that compared to the net profit attributable to shareholders of approximately RMB 20.6 million for the first half of 2024, the Group expects to achieve net profit attributable to shareholders of RMB 50 million to RMB 60 million for the first half of 2025. Excluding the impact of expenses related to the grant of share options mentioned below, the Group expects to achieve net profit attributable to shareholders of RMB 57 million to RMB 67 million for the first half of 2025.

The expected year-on-year increase in net profit is mainly attributable to the following factors: (i) The Group's jewelry new retail business segment (operated by the Company's non-wholly owned subsidiary Zhumulanma Gold (01815)) recorded a significant increase in gold product sales during the first half of 2025, resulting in an overall increase in sales for this segment in the first half of 2025. Most of the gold products sold by this segment in the first half of 2025 were inventory products with lower procurement and/or processing costs. Combined with the significant increase in gold prices during the first half of 2025, the gross profit margin for gold product sales in this segment increased substantially, leading to an overall increase in gross profit. Consequently, the net profit of this segment for the first half of 2025 is expected to achieve significant improvement compared to the first half of 2024; and (ii) As disclosed in the Company's announcements dated November 5, 2024 and January 15, 2025, the Group completed the disposal of the Group's fresh food retail business (formerly operated by Zhumulanma Gold) on January 13, 2025. The relevant disposal generated a gain of approximately RMB 11 million for the Group (after allocating relevant gains to non-controlling interests).

The above factors were partially offset by the following factor: (iii) As disclosed in Zhumulanma Gold's announcement dated March 31, 2025, Zhumulanma Gold granted share options to employees during the first half of 2025, resulting in expenses of approximately RMB 18 million for the Group (accounted for based on the fair value of the share options granted).