New Risk • Jul 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$762.9m (US$97.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (HK$762.9m market cap, or US$97.3m). New Risk • May 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 27
Full year 2025 earnings released: CN¥0.009 loss per share (vs CN¥0.028 profit in FY 2024) Full year 2025 results: CN¥0.009 loss per share (down from CN¥0.028 profit in FY 2024). Revenue: CN¥3.06b (down 29% from FY 2024). Net loss: CN¥22.0m (down 140% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annonce • Mar 26
China Silver Group Limited, Annual General Meeting, Jun 18, 2026 China Silver Group Limited, Annual General Meeting, Jun 18, 2026. Annonce • Mar 10
China Silver Group Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 China Silver Group Limited announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Mar 25, 2026 Annonce • Feb 17
China Silver Group Limited announced that it expects to receive HKD 464.1 million in funding China Silver Group Limited announced a private placement to issue 910,000,000 shares at an issue price of HKD 0.51 per share for gross proceeds of HKD 464,100,000 on February 16, 2026. The transaction has been approved by shareholders and net proceeds of HKD 463,100,000. Annonce • Jan 23
China Silver Group Limited has completed a Follow-on Equity Offering in the amount of HKD 207 million. China Silver Group Limited has completed a Follow-on Equity Offering in the amount of HKD 207 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 55,000,000
Price\Range: HKD 0.45
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 133,332,000
Price\Range: HKD 0.45
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 136,668,000
Price\Range: HKD 0.45
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 108,000,000
Price\Range: HKD 0.45
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,000,000
Price\Range: HKD 0.45
Transaction Features: Subsequent Direct Listing New Risk • Nov 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Buy Or Sell Opportunity • Oct 30
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 48% to HK$0.63. The fair value is estimated to be HK$0.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Oct 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Buy Or Sell Opportunity • Oct 02
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 47% to HK$0.69. The fair value is estimated to be HK$0.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Sep 30
First half 2025 earnings released: EPS: CN¥0.024 (vs CN¥0.019 in 1H 2024) First half 2025 results: EPS: CN¥0.024 (up from CN¥0.019 in 1H 2024). Revenue: CN¥2.33b (flat on 1H 2024). Net income: CN¥54.9m (up 51% from 1H 2024). Profit margin: 2.4% (up from 1.6% in 1H 2024). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 28
First half 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.011 in 1H 2024) First half 2025 results: EPS: CN¥0.02 (up from CN¥0.011 in 1H 2024). Revenue: CN¥2.33b (flat on 1H 2024). Net income: CN¥54.9m (up 167% from 1H 2024). Profit margin: 2.4% (up from 0.9% in 1H 2024). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annonce • Aug 12
China Silver Group Limited to Report First Half, 2025 Results on Aug 26, 2025 China Silver Group Limited announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • Jun 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.027 (vs CN¥0.006 in FY 2023) Full year 2024 results: EPS: CN¥0.027 (up from CN¥0.006 in FY 2023). Revenue: CN¥4.31b (down 22% from FY 2023). Net income: CN¥54.6m (up 352% from FY 2023). Profit margin: 1.3% (up from 0.2% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 142% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Annonce • Mar 28
China Silver Group Limited, Annual General Meeting, May 19, 2025 China Silver Group Limited, Annual General Meeting, May 19, 2025. New Risk • Mar 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$679.2m market cap, or US$87.4m). Annonce • Mar 17
China Silver Group Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 China Silver Group Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 New Risk • Feb 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$726.1m market cap, or US$93.4m). Reported Earnings • Sep 30
First half 2024 earnings released: EPS: CN¥0.011 (vs CN¥0.007 in 1H 2023) First half 2024 results: EPS: CN¥0.011 (up from CN¥0.007 in 1H 2023). Revenue: CN¥2.32b (down 17% from 1H 2023). Net income: CN¥20.6m (up 45% from 1H 2023). Profit margin: 0.9% (up from 0.5% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Annonce • Aug 22
China Silver Group Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 June 2024 China Silver Group Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2024. For the period, the Group expects to record a net profit attributable to owners of the Company of RMB 18 million to RMB 23 million for 1H 2024, as compared to a net profit attributable to owners of the Company of approximately RMB16.2 million for the six months ended 30 June 2023 ("1H 2023"). Such expected year-on-year increase in net profit is mainly attributable to the following factors: (i) in respect of the Group's manufacturing segment, although the sales volume for 1H 2024 had reduced, the net profit margin had increased due to (a) increase in silver price in 1H 2024 compared to 1H 2023, and (b) reduction in administrative expenses and other costs and expenses as a result of improved cost control, resulting in an increase in net profit for the segment for 1H 2024; and (ii) in respect of the Group's new jewellery retail segment operated under the Company's non-wholly-owned subsidiary CSMall Group Limited (stock code: 1815) ("CSMall"), although the segment 's overall sales volume for 1H 2024 had reduced due to a significant decrease in sales of gold products, the segment had recorded a growth in sales of silver products, which had a higher gross profit margin compared to gold products, resulting in an increase in gross profit and thus a turnaround from net loss to net profit for the segment for 1H 2024 which are partially offset by the following unfavorable factors: (iii) in respect of the Group 's discontinued operation (classified as the Group 's silver exchange segment prior to 1 November 2023), a net profit was recorded for such operation in 1H 2023, while no such profit was recorded in 1H 2024 due to the discontinuation and disposal of such operation; (iv) in respect of the Group 's fresh food retail segment operated under CSMall, given that the " Nongmuren" S2B2C platform had been continuously undergoing business reorganization and adjusting its business strategies, the sales volume for 1H 2024 had reduced compared to that for 1H 2023; in addition, the segment is expected to recognize a goodwill impairment of approximately RMB8.5 million due to a re-estimation of the segment's expected future cash flows, resulting in an increase in net loss for the segment for 1H 2024; and (v) a net provision for impairment loss under expected credit loss model of approximately RMB6 million is expected to be recognized for 1H 2024 in respect of the Group's trade and other receivables, as compared to approximately RMB1.4 million for 1H 2023. Annonce • Aug 20
China Silver Group Limited to Report First Half, 2024 Results on Aug 30, 2024 China Silver Group Limited announced that they will report first half, 2024 results on Aug 30, 2024 Recent Insider Transactions • Jun 04
Executive Chairman & CEO recently sold HK$36m worth of stock On the 28th of May, Wantian Chen sold around 98m shares on-market at roughly HK$0.36 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Wantian's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Apr 25
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 246% to HK$0.33. The fair value is estimated to be HK$0.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Apr 08
Now 77% overvalued after recent price rise Over the last 90 days, the stock has risen 181% to HK$0.38. The fair value is estimated to be HK$0.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. New Risk • Apr 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risk Market cap is less than US$100m (HK$363.5m market cap, or US$46.4m). Annonce • Mar 29
China Silver Group Limited, Annual General Meeting, Jun 14, 2024 China Silver Group Limited, Annual General Meeting, Jun 14, 2024. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: CN¥0.006 (vs CN¥0.065 loss in FY 2022) Full year 2023 results: EPS: CN¥0.006 (up from CN¥0.065 loss in FY 2022). Revenue: CN¥5.55b (up 71% from FY 2022). Net income: CN¥12.1m (up CN¥132.8m from FY 2022). Profit margin: 0.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Annonce • Mar 16
China Silver Group Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 China Silver Group Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Buying Opportunity • Sep 25
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be HK$0.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has grown by 18%. Reported Earnings • Aug 31
First half 2023 earnings released: EPS: CN¥0.009 (vs CN¥0.017 loss in 1H 2022) First half 2023 results: EPS: CN¥0.009 (up from CN¥0.017 loss in 1H 2022). Revenue: CN¥2.81b (up 195% from 1H 2022). Net income: CN¥16.2m (up CN¥46.1m from 1H 2022). Profit margin: 0.6% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Annonce • Aug 20
China Silver Group Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023 China Silver Group Limited provided earnings guidance for the six months ended 30 June 2023. The Group expects to record a net profit attributable to owners of the Company of RMB 10 million to RMB 25 million for first half 2023, as compared to a net loss attributable to owners of the Company of approximately RMB30 million for the six months ended 30 June 2022. Annonce • Aug 18
China Silver Group Limited to Report First Half, 2023 Results on Aug 29, 2023 China Silver Group Limited announced that they will report first half, 2023 results on Aug 29, 2023 Recent Insider Transactions • Apr 18
Insider recently sold HK$816k worth of stock On the 11th of April, Xiyin Chen sold around 2m shares on-market at roughly HK$0.43 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 30
Full year 2022 earnings released: CN¥0.065 loss per share (vs CN¥1.48 loss in FY 2021) Full year 2022 results: CN¥0.065 loss per share (improved from CN¥1.48 loss in FY 2021). Revenue: CN¥3.25b (up 41% from FY 2021). Net loss: CN¥120.8m (loss narrowed 95% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Executive Director Jiandong Liu was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 01
First half 2022 earnings released: CN¥0.017 loss per share (vs CN¥1.47 loss in 1H 2021) First half 2022 results: CN¥0.017 loss per share (improved from CN¥1.47 loss in 1H 2021). Revenue: CN¥952.3m (down 52% from 1H 2021). Net loss: CN¥29.9m (loss narrowed 99% from 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 02
First half 2022 earnings released: CN¥0.02 loss per share (vs CN¥1.47 loss in 1H 2021) First half 2022 results: CN¥0.02 loss per share (up from CN¥1.47 loss in 1H 2021). Revenue: CN¥952.3m (down 52% from 1H 2021). Net loss: CN¥29.9m (loss narrowed 99% from 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Executive Director Jiandong Liu was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Executive Director Jiandong Liu was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 29
Full year 2021 earnings released: CN¥1.48 loss per share (vs CN¥0.14 profit in FY 2020) Full year 2021 results: CN¥1.48 loss per share (down from CN¥0.14 profit in FY 2020). Revenue: CN¥2.30b (down 52% from FY 2020). Net loss: CN¥2.41b (down CN¥2.64b from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 31
Full year 2021 earnings released: CN¥1.48 loss per share (vs CN¥0.14 profit in FY 2020) Full year 2021 results: CN¥1.48 loss per share (down from CN¥0.14 profit in FY 2020). Revenue: CN¥2.30b (down 52% from FY 2020). Net loss: CN¥2.41b (down CN¥2.64b from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 03
First half 2021 earnings released: CN¥1.47 loss per share (vs CN¥0.07 profit in 1H 2020) The company reported a soft first half result with weaker earnings and weaker control over costs, although revenues improved. First half 2021 results: Revenue: CN¥1.99b (up 10.0% from 1H 2020). Net loss: CN¥2.39b (down CN¥2.51b from profit in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥1.07, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 11x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 36% over the past three years. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS CN¥0.14 (vs CN¥0.071 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥4.76b (up 21% from FY 2019). Net income: CN¥227.5m (up CN¥343.7m from FY 2019). Profit margin: 4.8% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 01
New 90-day high: HK$1.35 The company is up 75% from its price of HK$0.77 on 03 November 2020. The Hong Kong market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 34% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: HK$0.87 The company is up 18% from its price of HK$0.74 on 22 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 35% over the same period. Reported Earnings • Sep 27
First half earnings released Over the last 12 months the company has reported total losses of CN¥72.9m, with earnings decreasing by CN¥197.8m from the prior year. Total revenue was CN¥4.60b over the last 12 months, up 51% from the prior year.