CHI SILVER GP (00815) Rises Nearly 3% on Projected Significant Increase in Annual Net Profit

Stock News
03/20

CHI SILVER GP (00815) saw its shares climb nearly 3%, with a gain of 2.11% to HK$0.48 at the time of reporting, as trading volume reached HK$3.18 million. The upward movement follows the company's announcement on March 18, which projected a substantial rise in net profit attributable to owners for the 2025 fiscal year. The group expects this figure to reach between RMB 570 million and RMB 600 million, a significant increase compared to the approximately RMB 10 million recorded in 2024. After adjusting for expenses related to employee share options and awards, the projected net profit for 2025 is estimated to be between RMB 621 million and RMB 651 million. The announcement attributed the strong performance primarily to a major increase in sales revenue from gold and silver products within the group's jewelry new retail business. This segment, previously operated by the non-wholly-owned subsidiary Zhufeng Gold Group Limited (Stock Code: 1815), which is no longer a subsidiary, benefited significantly. A large portion of the gold products sold during the 2025 fiscal year came from existing inventory that had a lower procurement cost. This factor, combined with a notable rise in gold prices throughout the year, led to a substantial expansion in the segment's gross profit margin and contributed to an overall increase in gross profit.

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