Sipni (02583.HK) 2025 Net Profit of 102 Million Yuan, Up Approximately 106.5% Year-over-Year

Gao Linghui March 17 — Xipuni (02583.HK) announced that for the fiscal year ending December 31, 2025, the group’s revenue increased from approximately RMB 457 million last year to about RMB 611 million, a year-on-year increase of approximately 33.8%. The group recorded a attributable profit to the company’s owners of approximately RMB 102 million for 2025, up about 106.5% year-on-year. Basic earnings per share are RMB 2.

The group is a designer, manufacturer, and brand owner of Chinese pure gold luxury watches, focusing on the research and development and production of gold watch cases, gold bezels, watches, and jewelry. Its flagship self-owned brand is “HIPINE,” which has long been dedicated to the fields of “precious metals + wearables + smart technology,” with the mission of “technological innovation, reimagining gold.” As China’s first brand to apply hard gold technology to watch manufacturing, Xipuni has developed into the largest pure gold precious metal watch brand in China (by GMV).

The group has long regarded R&D innovation as the core strategy driving high-quality development. It坚持 high-intensity, stable R&D investment, continuously focusing on core technology breakthroughs, high-end product development, manufacturing process optimization, and integration of smart technologies. It has established an industry-leading, mature system capable of continuous iteration in product R&D and technological innovation. The group was successfully recognized as a “Little Giant” enterprise in the seventh batch of specialized, refined, distinctive, and innovative small and medium-sized enterprises by the Ministry of Industry and Information Technology, a national-level authoritative recognition that fully demonstrates the group’s core competitiveness and industry influence in the fields of precious metals and smart wearables, further consolidating its leading position in its niche.

As of December 31, 2025, the group has established a comprehensive intellectual property system covering technological innovation, product design, software development, and brand operation, including 30 invention patents, 63 utility model patents, 124 design patents, 8 software copyrights, 8 works copyrights, and 191 trademarks. This complete IP portfolio provides solid support and core protection for the group’s long-term high-quality development, maintaining technological leadership and product differentiation advantages.