CLIFFORD MODERN LIVING HOLDINGS(03686.HK): Fair Value Loss on Precious Metals Investments

NewTimeSpace · 2026/07/16 19:11 · By Zeyu Wu

NewTimeSpace News: CLIFFORD MODERN LIVING HOLDINGSannounced on 16 July that the Group expects to recognise disposal gains of approximately RMB 44.4 million and fair value losses of around RMB 82.1 million from its precious metals investments in the first half of 2026.

NewTimeSpace News: On 16 July 2026, CLIFFORD MODERN LIVING HOLDINGS(03686.HK) issued a profit warning. For its precious metals investments and disposals in H1 2026, the Group expects to record disposal gains of RMB 43.3 million from unallocated silver bars and RMB 1.1 million from unallocated gold bars, totalling roughly RMB 44.4 million. Meanwhile, it will recognise fair value losses of RMB 9.3 million on unallocated gold bars, RMB 12.9 million on allocated gold bars and RMB 59.9 million on allocated silver bars, with total losses standing at approximately RMB 82.1 million.

CLIFFORD MODERN LIVING HOLDINGSstated that the fair value losses are primarily caused by falling market prices of relevant precious metals and are unrealised in nature.

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