HIPINE (02583) announces a year-on-year increase in net profit.

HIPINE (02583) announced that, based on the preliminary review of the unaudited comprehensive management accounts of the Group for the 11 months ended November 30, 2025, it recorded a net profit of over RMB 90 million. According to the Group's existing information, compared to the net profit of approximately RMB 49 million for the year ended December 31, 2024, it is expected that the Group will achieve a higher net profit for the year ending December 31, 2025. The expected growth in the Group's net profit is mainly due to: (1) an increase in sales revenue from jewelry; and (2) an increase in the gross profit margin from watch sales.