HK Stock Market Move | PKU RESOURCES (00618) surged more than 22%, expected to turn losses into profits for the full year, making a profit of up to 1.8 billion yuan.

PKU RESOURCES (00618) surged more than 22%, up 22.54% as of press time, at HK$0.435, with turnover of HK$8.3765 million. On the news front, PKU RESOURCES announced last night that it expects to achieve a profit of approximately RMB 1.4 billion to RMB 1.8 billion for the financial year ended March 31, 2026, compared to a loss of approximately RMB 2.52 billion for the financial year ended March 31, 2025. This is mainly due to the injection of all the equity interests of its wholly-owned subsidiary, Antai International Investment Group, into a partnership enterprise in August 2025, resulting in significant gains from the sale. After the sale of its 16 subsidiaries, including 6 engaged in property development business in China, the Group no longer has any real estate development projects in the development stage, leading to a substantial reduction in financial expenses and expected liability provisions related to the divested group.