financial results

Silvercorp Metals reported robust fiscal 2025 results with annual revenue up 39% to $298.9 million and adjusted net income of $75.1 million. Q4 revenue surged 76% YoY to $75.1 million, though a $20.6 million derivative charge led to a $7.6 million net loss. The company achieved record-low cash costs ($2.49/oz silver net of byproducts) and doubled cash reserves to $369 million. Key developments include the $181 million Adventus Mining acquisition and $138.6 million operating cash flow funding growth projects. Despite base metals volatility, Silvercorp maintained its dividend streak and strengthened its position in precious/base metals markets.

DouYu International Holdings reported mixed Q1 2025 results, with revenue declining 8.9% YoY to RMB947.1 million ($130.5 million) due to reduced livestreaming activity. However, gross margins improved to 12%, and net losses narrowed significantly (-9.5% YoY), aided by cost optimization efforts. Strategic shifts showed promise, as voice-based social networking and game membership services surged 60.2% to 40.4% of total revenue. Mobile MAUs fell 8.7% to 41.4 million amid reduced low-ROI content, while paying livestreaming users dropped to 2.9 million. Cash reserves fell to RMB2.3 billion ($318.2 million) post-$300 million dividend payout. Executives emphasized focusing on high-margin verticals and sustainable growth in China’s competitive digital entertainment market.