China Silver Group Limited (trading as CHI SILVER GP, 00815) has released a positive profit alert, forecasting net profit attributable to owners of RMB570.00 million–RMB600.00 million for the year ended 31 December 2025, compared with RMB10.00 million in FY2024. On an adjusted basis—excluding RMB28.00 million in share-award expenses and RMB23.00 million in share-option expenses—the expected profit would rise to RMB621.00 million–RMB651.00 million.

The sharp turnaround is underpinned by four principal factors:

1. Manufacturing segment: Despite lower sales volume and revenue, higher silver prices in 2025 lifted profit margins, improving segment profitability year on year.

2. New Jewellery Retail segment (operated by former subsidiary Mount Everest Gold Group Company Limited, 1815): Sales of gold and silver products sourced from low-cost inventory, combined with a significant rise in gold prices, drove a substantial increase in gross profit and segment earnings.

3. Deemed disposal of Mount Everest Gold on 31 December 2025 generated a gain of approximately RMB537.00 million.

4. Disposal of the Fresh Food Retail segment on 13 January 2025 added a gain of about RMB11.00 million after allocation to non-controlling interests.

These gains were partially offset by share-based payment charges totaling around RMB51.00 million—comprising RMB28.00 million for CHI SILVER GP share awards and RMB23.00 million for Mount Everest Gold share options.

Final audited results for FY2025 are expected by end-March 2026. Shareholders and potential investors are advised to exercise caution in dealing in the company’s securities.