HK Stock Market Move | CHI SILVER GP (00815) rose nearly 3%, with the expected annual net profit attributable to owners increasing to between 570 million and 600 million yuan.

CHI SILVER GP (00815) rose nearly 3%, reaching 2.11% at the time of writing, to a price of 0.48 Hong Kong dollars, with a trading volume of 3.1841 million Hong Kong dollars. On the news front, on March 18th, CHI SILVER GP announced that compared to the estimated net profit attributable to owners in 2024 of approximately 10 million yuan, the group expects to achieve a net profit attributable to owners of 570 million to 600 million yuan in the 2025 fiscal year. After excluding expenses related to employee stock options and employee share awards, the group expects to achieve a net profit attributable to owners of 621 million to 651 million yuan in the 2025 fiscal year. The announcement stated that the group's jewelry retail business (operated by the former non-wholly-owned subsidiary EVEREST GOLD Group Limited (stock code: 1815), which is no longer a subsidiary of the company) is expected to see a significant increase in sales revenue of gold and silver products in the 2025 fiscal year. Due to the fact that most of the gold products sold by this division in the 2025 fiscal year are inventory with low purchase costs, combined with the significant increase in gold prices in the 2025 fiscal year, the division's gross profit margin will increase significantly, leading to an overall increase in gross profit.