A property management publicly listed company that made a huge profit of 247 million by speculating on silver has taken action to buy the dip in silver.

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Reporter丨Lin Jianmin

Editor丨Ye Yingcheng

On March 23, international precious metals experienced a “Black Monday,” as some investors panicked and exited when prices plummeted. However, Qifeng Life Services (3686.HK), which previously made over 100 million yuan from “silver trading,” made a large-scale bottom-fishing move.

On the evening of March 23, Qifeng Life Services announced a second investment in silver, stating that the company spent approximately 43.2 million Hong Kong dollars (about 38 million RMB) to purchase approximately 80,300 ounces of allocated silver bars, funded by about 27.3 million RMB from the sale of unallocated gold and approximately 10.7 million RMB from internal resources. This investment is expected to be completed by March 25.

Compared to the risks of currency depreciation associated with fixed deposits, Qifeng Life Services believes that investing in precious metals shows sustained appreciation over the long term and can provide better returns during economic downturns. In the current economic environment, it can serve as a feasible means of value storage and risk diversification, while also reducing exchange rate and interest rate risks associated with fixed deposits, aligning with the company’s financial management goals to safeguard resources for future development.

On the same day as the announcement (March 23), spot gold prices fell more than 8% during trading, briefly dropping below $4,100 per ounce; spot silver prices also fell over 10%, approaching $60 per ounce, with both gold and silver reaching their lowest points of the year, making bottom-fishing more attractive.

According to Qifeng Life Services’ announcement, its “silver trading journey” began in February 2020, when the company repeatedly purchased unallocated silver bars through Standard Chartered Bank, accumulating a total of 800,000 ounces at a cost of about 102.5 million RMB. In 2022, the company sold 500,000 ounces in batches, cashing out about 79 million RMB, marking its first high-profit sale. In 2024, the company again invested 77.9 million RMB to buy 380,000 ounces, restoring its holdings to 680,000 ounces. By January 2026, seizing the opportunity when silver prices hit a multi-year high, the company liquidated all 680,000 ounces of unallocated silver bars, cashing out approximately 388 million RMB, with total profits of about 247 million RMB.

It is noteworthy that public information shows that Qifeng Life Services is a property management company listed on the Hong Kong Stock Exchange. The mid-year report for 2025 indicates that in the first half of 2025, Qifeng Life Services’ revenue was 161 million RMB, down 11.56% year-on-year; net profit attributable to the parent was 75 million RMB, up 41.57% year-on-year. The profits from the silver liquidation in January exceeded three times the company’s half-year net profit, sparking public ridicule and doubts about whether the company’s main business is “property management” or “asset management.”

After the silver liquidation, Qifeng Life Services shifted its funds into gold investments, making multiple purchases of allocated silver bars between February and March 2026, initiating a new round of precious metal investments.

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Editor: Hao Xinyu