Core Viewpoint - Qifu Life Service has adopted a unique profit path by generating significant investment returns through silver trading, which has substantially boosted its financial performance compared to its core business operations [1][6][19]. Group 1: Investment Performance - The company made a profit of approximately 2.47 billion yuan from two silver trading transactions, which is 2.53 times its projected net profit for the entire year of 2024, estimated at 97.54 million yuan [1][6]. - On January 12, the company announced a transaction involving 280,000 ounces of silver bars for about 162 million yuan, expecting a profit of 104 million yuan [2]. - Previously, on January 9, the company completed a sale of 400,000 ounces of silver bars, realizing a profit of 143 million yuan [2][10]. Group 2: Trading Strategy - Qifu Life Service began its silver trading in February 2020, purchasing 800,000 ounces of silver bars at an average cost of 128.75 yuan per ounce, which laid the groundwork for future profits [7]. - The company sold 400,000 ounces of silver bars for 226 million yuan at an average price of 565.5 yuan per ounce and later sold 280,000 ounces for 162 million yuan at an average price of 577.5 yuan per ounce [10][12]. - The total amount of silver sold by the company reached approximately 21.15 tons, resulting in a total investment gain of about 2.47 billion yuan [6][10]. Group 3: Business Context - The company operates in a challenging environment, with its core business facing growth bottlenecks, leading to a strategic shift towards investment in silver to alleviate financial pressure [16][19]. - As of June 30, 2025, the company managed only 10.19 million square meters, significantly smaller than major competitors like Country Garden Services and Poly Property [16]. - The company's revenue for the first half of 2025 was 161 million yuan, a year-on-year decline of approximately 11.6%, indicating struggles in its primary business segments [19]. Group 4: Market Reaction and Future Outlook - Following the announcement of the silver trading profits, the company's stock price rose by 8.64% on January 12 and an additional 4.55% on January 13, reflecting positive market sentiment [12]. - Analysts suggest that while the investment strategy has provided immediate financial relief, it raises questions about the long-term sustainability of relying on investment gains rather than core business profitability [20].

Core Viewpoint - The company Qifu Life Service has adopted a unique profit strategy by investing in silver, achieving significant returns that exceed its projected net profit for 2024 [2][11]. Group 1: Investment Strategy - Qifu Life Service reported a total investment gain of approximately 2.47 billion yuan from two silver trading transactions, which is 2.53 times its expected net profit for 2024 of 97.539 million yuan [2][5]. - The company purchased 800,000 ounces of silver bars in 2020 at an average cost of 128.75 yuan per ounce, setting the stage for future profits [5][6]. - In January 2024, the company sold 400,000 ounces of silver for 226 million yuan and 280,000 ounces for 162 million yuan, achieving average selling prices of 565.5 yuan and 577.5 yuan per ounce, respectively [8][10]. Group 2: Financial Performance - For the first half of 2025, Qifu Life Service reported total revenue of 161 million yuan, a year-on-year decline of approximately 11.6%, with a gross profit of about 82.5 million yuan, down 2.4% [12]. - The company's revenue sources are diverse, including property management, retail, extracurricular training, information technology services, and supporting life services, but performance across these sectors has been inconsistent [11][12]. - The retail services segment, which includes 24 stores, generated 63.1 million yuan in revenue, reflecting a slight decline of 1.1% year-on-year [12]. Group 3: Market Reaction and Future Outlook - Following the announcement of its silver trading profits, Qifu Life Service's stock price rose by 8.64% on January 12, indicating positive market sentiment [10]. - Industry experts suggest that while Qifu Life Service's silver investment has been a successful strategy, it may not be replicable for other small property companies facing similar growth challenges [10][11].

Core Viewpoint - The company, Qifu Life Services, has successfully capitalized on the silver market, generating significant profits from its investments in silver bars, with a total profit of approximately 1.63 billion yuan from its trading activities [1][9]. Group 1: Silver Investment Performance - On January 7, Qifu Life Services announced the sale of 400,000 ounces of unallocated silver bars for approximately 226 million yuan, resulting in a profit of about 143 million yuan [1]. - Following this, the company sold an additional 280,000 ounces of silver bars for around 161 million yuan, with an expected profit of about 20 million yuan for the fiscal year 2026 [7][9]. - The total profit from silver investments since 2020 has reached approximately 1.63 billion yuan, showcasing the company's strategic positioning in the silver market [1][9]. Group 2: Market Trends and Predictions - The current silver price is at $84.237 per ounce, with predictions indicating that the price could rise to $33 by 2025 due to increasing demand and limited supply [2]. - The COMEX silver price is expected to see a significant increase, with a projected annual growth rate of over 93% in 2025, following a substantial rise in gold prices [2]. - The company believes that the current market conditions present an optimal time to liquidate part of its silver investments, as prices are at a recent high [2][6]. Group 3: Historical Investment Strategy - Qifu Life Services began investing in silver in 2020, initially investing 138 million yuan, followed by reduced investments in subsequent years [4]. - In 2022, the company sold 500,000 ounces of silver bars for a total of 89 million yuan, generating a profit of 5 million yuan, which covered interest expenses [3]. - The company has maintained a consistent investment strategy in silver, with a total investment of approximately 50.5 million yuan in 2023, indicating a stable approach to asset management [5]. Group 4: Business Performance and Structure - Qifu Life Services reported a revenue of 161 million yuan for the first half of 2025, a decrease of 11.6% year-on-year, with a profit increase of 41.6% [11]. - The company manages a relatively small portfolio, including 16 residential areas and 6 commercial properties, totaling approximately 10.19 million square meters [11]. - The revenue structure is heavily reliant on retail services, which accounted for a significant portion of income, highlighting the need for diversification in revenue streams [12].

Core Viewpoint - The company, Qifu Life Services (03686), has announced the sale of an additional 280,000 ounces of unallocated silver bars, with a total consideration of approximately RMB 162 million, excluding transaction costs, scheduled for January 12, 2026 [1] Group 1 - The company has issued instructions through a bank for the sale of the additional silver bars [1] - The total consideration for the sale is approximately RMB 162 million [1] - The transaction is set to be executed on January 12, 2026, by 4:30 PM [1]

Group 1 - The company, Qifu Life Services (03686), announced the sale of an additional 280,000 ounces of unallocated silver bars through a bank [1] - The total consideration for this transaction, excluding transaction costs, is approximately RMB 162 million [1] - The instruction for the sale was executed on January 12, 2026, by 4:30 PM [1]

Core Viewpoint - The company, Qifu Life Services (03686.HK), has announced the sale of a total of 400,000 ounces of unallocated silver bars, with the latest transaction completed on January 9, 2026, and an additional order for 280,000 ounces placed on January 12, 2026, valued at approximately RMB 161 million excluding transaction costs [1]. Group 1 - The company has completed the sale of 400,000 ounces of unallocated silver bars as per its directive [1] - An additional order for 280,000 ounces of unallocated silver bars was placed on January 12, 2026, with a total value of approximately RMB 161 million [1] - The transactions are significant as they indicate the company's ongoing strategy in managing its silver inventory [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CLIFFORD MODERN LIVING HOLDINGS LIMITED 祈福生活服務控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3686） 主要交易： 進一步出售於未分配銀條 所作的投資 後續出售事項 茲提述1月9日公告，內容有關本集團下達指令出售合共400,000安士未分配銀條， 並已於2026年1月9日完成。 繼 先 前 出 售 事 項 後（且 並 未 計 及 先 前 出 售 事 項），於2026年1月12日（直 至 下 午 四時三十分），本集團透過該銀行就出售額外280,000安士未分配銀條下達指令， 總 代 價（不 包 括 交 易 成 本）約 為 人 民 幣161.7百 萬 元，而 有 關 指 令 已 於 同 日 進 行 配對。 – 1 – 上市規則的涵義 僅 供 識 別 用 途，僅 於 考 慮 後 續 出 售 事 項（即 並 未 計 及 先 前 出 售 事 項）下，由 ...

Group 1 - The company Qifu Life Services (03686) announced that its shares will resume trading on January 12, 2026, at 9:00 AM [1]

Group 1 - The company, Qifu Life Services (03686), announced that its shares will resume trading on January 12, 2026, at 9:00 AM [1]

Core Viewpoint - The shares of Qifu Life Services (03686.HK) will resume trading starting from 9:00 AM on January 12, 2026 [1] Company Summary - Qifu Life Services has announced the resumption of its share trading [1]