Key Takeaways:
Shares of Virtual Mind (01520.HK) jumped 7.018% after the company announced its new precious metals subsidiary generated approximately RMB 23 million in its first month of trial operations. The move provided a strong boost to the company's stock, which outperformed a mixed Hang Seng Index session.
The subsidiary, Chengdu Tianhe Xinrui Precious Metals, established a "dual closed-loop system" for gold circulation, according to a company statement. This system leverages the company's trading qualification on the Shanghai Gold Exchange to create a compliant and scalable platform for gold assets.
The new gold business recorded combined sales of about RMB 23 million and a gross profit exceeding RMB 3 million for March. The operation connects upstream physical gold recycling with downstream delivery and sales, including the development of customized gold products linked to intellectual property (IP).
The successful trial launch provides Virtual Mind with a new revenue stream and a platform for potentially higher-margin, IP-linked products. The company is now preparing the commercial launch of gold commemorative products featuring internationally recognized sports brands like Manchester United and Spain's top-tier football league, aiming to link digital assets with the value of physical gold.
The company's strategy is to build a replicable, compliant gold circulation infrastructure that connects upstream gold sources with downstream markets. By providing liquidity and delivery support services, the Chengdu-based unit aims to standardize the circulation of gold assets in the region. The project's product design phase is complete, with supplier coordination now underway.
This article is for informational purposes only and does not constitute investment advice.
