CHI SILVER GP (00815) has released its annual results for the period ended December 31, 2025. The Group recorded revenue of approximately RMB 3.063 billion (2024: RMB 4.156 billion), a decrease of about 26.3% compared to 2024. The profit attributable to owners of the company for 2025 was approximately RMB 586 million (2024: RMB 10 million), representing a significant increase of approximately RMB 576 million, or 5783.3%. This substantial increase was primarily due to the following factors: (i) For the manufacturing business, despite a decrease in revenue, rising silver prices in 2025 led to improved profit margins, resulting in higher gross profit and net profit for this segment during the year; (ii) The jewelry new retail business, operated by the company's former non-wholly owned subsidiary, Everest Gold Group, which was no longer a subsidiary as of December 31, 2025, recorded a significant increase in sales revenue from gold and silver products in 2025. As most of the gold products sold by this segment in 2025 were from inventory with relatively low procurement costs, and the gold price rose substantially during the year, the segment's gross margin improved significantly, leading to a major increase in net profit for 2025 compared to 2024; (iii) The company completed the deemed disposal of Everest Gold Group on December 31, 2025, generating a gain of approximately RMB 537 million for the Group; and (iv) The Group completed the sale of its fresh food retail business on January 13, 2025, generating a gain of approximately RMB 11.5 million for the Group. These factors were partially offset by: (v) The Group recognized share-based payment expenses of approximately RMB 28.4 million in 2025 related to share awards granted to employees; and (vi) The Group recognized share-based payment expenses of approximately RMB 22.8 million in 2025 related to share options granted by Everest Gold Group to its employees.
Comments