---
title: "\"Performance\" SILVER GRANT's annual loss expanded to 946 million yuan, auditor expresses no opinion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281112833.md"
description: "SILVER GRANT announced its full-year results for the year ending last December, with a revenue of HKD 96.459 million, an increase of 7.9% year-on-year. However, losses widened to HKD 946 million, up from HKD 757 million in the same period last year, with a loss per share of 41.03 cents. The company will not pay dividends, and the independent auditor has not expressed an opinion, noting that it will continue to record losses over the next two years. The net current liabilities amount to HKD 1.793 billion, with cash and bank balances of approximately HKD 10 million, facing significant uncertainties that may affect its ability to continue as a going concern"
datetime: "2026-03-31T02:27:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281112833.md)
  - [en](https://longbridge.com/en/news/281112833.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281112833.md)
---

# "Performance" SILVER GRANT's annual loss expanded to 946 million yuan, auditor expresses no opinion

SILVER GRANT (00171.HK) announced its full-year results for the year ended last December, with a revenue of HKD 96.459 million, an increase of 7.9% year-on-year. The loss widened to HKD 946 million, compared to a loss of HKD 757 million in the same period last year; the loss per share was HKD 0.4103. No dividend was declared.

The independent auditor did not express an opinion, stating that the group recorded net losses of approximately HKD 967 million and HKD 785 million for the two consecutive years ending December 31, 2025, and December 31, 2024, respectively. As of December 31, 2025, the group's net current liabilities were approximately HKD 1.793 billion. At the end of the reporting period, the group's cash and bank balances were approximately HKD 10 million, while the total book value of the group's interest-bearing bank and other borrowings was approximately HKD 3.153 billion, which must be repaid within 12 months from the end of the reporting period, including approximately HKD 2.282 billion in borrowings. In addition, as of December 31, 2025, the group was involved in litigation related to other borrowings of the group, with a principal amount of approximately HKD 196 million, resulting in several assets being frozen and requiring immediate repayment. The aforementioned events or circumstances indicate significant uncertainties that may raise substantial doubts about the group's ability to continue as a going concern, and therefore, the group may not be able to realize its assets and settle its liabilities in the ordinary course of business

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