Jingui Silver navigates debt, strategic shifts in 2024

Chenzhou City Jingui Silver Industry (SZSE:002716) faced a complex financial landscape in 2024, marked by debt restructuring, strategic shifts, and close auditor scrutiny. While reporting a substantial revenue increase to CNY 8.31 billion, a significant portion was allocated towards covering operational costs (CNY 7.77 billion). As per its auditor, the company appropriately used revenue of CNY 8.77 million and CNY 1.87 million in government subsidies which, are both accounted for using the specific circumstances method.