HK Stock Market Move | CSMALL(01815) rose nearly 5% in the afternoon and is planning to be renamed "Mount Everest Gold" at the end of this month. The company's main focus is expanding its upstream mining business.

CSMALL (01815) rose nearly 5% in the afternoon, up 4.85% at the time of writing, at HK$1.73, with a trading volume of HK$139.916 million. In terms of news, CSMALL announced that starting from 9am on April 29, 2025, the English stock abbreviation traded on the Hong Kong Stock Exchange will be changed from "CSMALL" to "EVEREST GOLD", and the Chinese stock abbreviation will be changed from "CSMALL" to "" (Everest Gold). The company's stock code remains unchanged. Prior to this, Zhonghua Software Research released a report stating that CSMALL adjusted its company strategy last year, discontinuing its fresh food retail business and focusing on expanding its upstream mining business. By extending upstream, in addition to synergies with existing businesses, upstream operations are expected to drive the company's profits and valuation to new heights. The company holds net cash of RMB 340 million and inventory with a book value of RMB 970 million, including silver bars, colored gemstones, jewelry products, and gold bars. The current market value is HK$1.6 billion, which is believed to not yet fully reflect the potential of the company's expansion into upstream businesses.