Sipney (02583) Fa Yingxi expects a year-on-year increase in annual net profit

According to the Zhitong Finance App, Sipni (02583) issued an announcement. According to a preliminary review of the Group's unaudited comprehensive management accounts for the 11 months ended November 30, 2025, it recorded a net profit of over RMB 90 million. According to the Group's current data, compared to the net profit of approximately RMB 49 million for the year ended December 31, 2024, the Group is expected to record a higher net profit for the year ended 31 December 2025.

The expected increase in the Group's net profit is mainly based on (1) an increase in revenue from jewelry sales; and (2) an increase in gross margin from the sale of watches.