"Profit Alert" CHI SILVER GP forecasts half-year profit to increase to at least 50 million RMB

CHI SILVER GP (00815.HK) issued a profit warning, expecting a net profit of between RMB 50 million and RMB 60 million for the six months ending in June, compared to RMB 20.6 million in the same period last year. The expected increase in net profit is mainly attributed to the significant improvement in the net profit of its jewelry new retail business subsidiary EVEREST GOLD (01815.HK); and the completion of the sale of its fresh food retail business, which recorded revenue of approximately RMB 11 million