CHI SILVER GP (00815) Reports Interim Results with Shareholders' Profit of RMB 54.911 Million, Up 167.13% Year-on-Year

Stock News
Aug 27

CHI SILVER GP (00815) announced its interim results for the six months ended June 30, 2025. The group achieved revenue of RMB 2.33 billion, representing a year-on-year increase of 0.5%. Profit attributable to owners of the company reached RMB 54.911 million, surging 167.13% compared to the same period last year. Earnings per share stood at RMB 0.02.

The substantial year-on-year increase in net profit was primarily attributed to the following factors: The group's jewelry new retail business segment, operated by Mount Everest Gold Group Limited, recorded a dramatic increase of approximately 1058.7% in gold product sales during the first half of 2025 compared to the first half of 2024. Combined with the significant rise in gold prices during the first half of 2025, and the fact that most gold products sold by the group in the first half of 2025 were inventory items with lower procurement and/or processing costs, the gross profit margin for gold product sales increased substantially. This led to a significant boost in the gross profit of the jewelry new retail business compared to the first half of 2024, resulting in the group's overall gross profit achieving a notable improvement of approximately 103.0% in the first half of 2025 compared to the first half of 2024.

Additionally, as disclosed in announcements dated November 5, 2024, and January 15, 2025, the group completed the disposal of its fresh food retail business segment (previously operated by Mount Everest Gold Group) on January 13, 2025. This disposal transaction generated a gain of approximately RMB 11.5 million for the group (after allocating relevant gains to non-controlling interests).

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