HK Stock Market Move | BRETON (01333) surged over 11% in late trading. The company plans to achieve large-scale profitability next year, with an annual profit target exceeding 5 billion yuan by 2031.

BRETON (01333) surged over 11% in late trading. As of the time of writing, it has risen 9.45%, reaching HKD 11.93, with a transaction volume of HKD 35.7114 million. According to reports from Jiemian, BRETON plans to enter a phase of scaled profitability by 2027, with a profit target of "doubling every year" in the subsequent years. BRETON Chairman Chen Fangming told Jiemian News reporters that the company aims to achieve an annual profit exceeding 5 billion yuan by 2031. As of June this year, BRETON has nearly 100 mining trucks equipped with autonomous driving systems in operation. Under the current charging model, this business can generate approximately 20 million yuan in revenue annually. In terms of its overseas energy business, BRETON's two power projects in the Democratic Republic of Congo and Zimbabwe have already been connected to the grid, serving local copper and gold mines, respectively. The rutile mining project in Sierra Leone is scheduled to connect to the grid in the third quarter of this year. The company mainly sells electricity to the mines through long-term power purchase agreements and is further entering the electric mining truck and autonomous driving business based on this foundation.