HK Stock Market Move | SPT ENERGY (01251) resumed trading after a 3-month suspension, surging more than 150% in early trading. Last year, it turned losses into profits of 2.56 billion yuan.

SPT ENERGY (01251) resumed trading after a three-month suspension, with its stock price soaring over 150% in the morning session. As of the time of writing, it had risen by 152.31% to 0.164 Hong Kong dollars, with a trading volume of 4.1217 million Hong Kong dollars. On the news front, SPT ENERGY released its financial performance, reporting a revenue of 1.694 billion yuan for the fiscal year ending on December 31, 2024, a 13% decrease year-on-year. The company recorded a net loss attributable to shareholders of 256 million yuan, compared to a net profit attributable to shareholders of 16.745 million yuan in the same period last year, marking a shift from profit to loss. SPT ENERGY is primarily engaged in providing comprehensive oilfield services and manufacturing and selling oilfield service-related products. The company operates through four divisions. The reservoir service division provides geological and reservoir research services, dynamic monitoring services, oil testing and production services, oil production process services, and on-site production equipment operation and maintenance services. The drilling service division offers drilling machine services, box-up services, complex well overhaul salvage services, and rotary geological direction services. The completion service division provides comprehensive completion equipment, products, and services. Other divisions engage in natural gas sales and the sale of edible alcohol.