China Silver Group (00815) saw its shares tumble over 8% following the release of its interim results, with the stock down 6.78% at HK$0.275 at the time of writing, on a turnover of HK$9.0176 million.
On August 28, the company published its 2026 interim results, revealing revenue of approximately HK$509 million, a sharp decline of about 75.7% year-on-year. The firm also reported a net loss attributable to owners of around HK$24.1 million, marking a swing from a profit in the prior corresponding period.
According to the company announcement, the loss was primarily driven by higher silver prices during the first half, coupled with weakened demand across various silver applications, which led to a drop in the group's silver ingot sales for the first six months of 2026. Additionally, administrative expenses rose during the period.
A further drag came from a deemed loss of approximately HK$38.9 million on the disposal of an associate, stemming from dilution of the group's stake in Chufeng Gold Group Ltd (stock code: 1815) after that company completed placements of new shares on February 6 and March 13, 2026, respectively.