Core Viewpoint - The article discusses the investment strategy of Qifu Life Services (03686.HK), highlighting its significant gains from silver investments amidst a challenging main business environment [3][6]. Investment Performance - Over the past five years, Qifu Life Services has achieved nearly 300 million yuan in profits from silver investments [3]. - The company recently announced two silver sales transactions totaling approximately 226 million yuan and 162 million yuan, with expected profits of 143.1 million yuan and 103.5 million yuan respectively [3][4]. - The investment in silver began in 2020, with a total purchase of 800,000 ounces at a cost of about 102.5 million yuan, resulting in a fair value increase to approximately 138.3 million yuan by the end of 2020 [4][5]. Sales and Profitability - In 2022, Qifu Life Services sold 500,000 ounces of silver for a total of about 79 million yuan, achieving a selling price of 158 yuan per ounce, which is a 30% increase from the purchase price [5]. - By 2024, the company purchased an additional 380,000 ounces at a cost of about 205 yuan per ounce, with a total holding of 680,000 ounces valued at approximately 141.3 million yuan, representing over 23% of the company's total assets [5][6]. Market Outlook - The company maintains an optimistic outlook on silver investments due to geopolitical tensions and ongoing industry demand, viewing silver as both an industrial metal and a safe-haven asset [5][6]. - As of mid-2025, the fair value of the silver holdings increased to 175 million yuan, contributing to a profit of 33.83 million yuan for the period [6]. Business Context - Qifu Life Services' main business includes property management and retail, managing an area of approximately 10.18 million square meters. The company has faced pressure on its performance due to the real estate market, with annual net profits below 100 million yuan since 2021 [6].
炒白银赚近3亿，一家小型物业公司靠理财挣够三年利润