HK Stock Market Move | BRETON (01333) surged over 9% in after-hours trading, with significant revenue growth in the first half of the year and a noticeable reduction in losses. The company plans to achieve scaled profitability next year.

BRETON (01333) surged over 9% in late trading. As of publication, it has risen by 7.35%, priced at HKD 12.7, with a transaction volume of HKD 15.0381 million. On the news front, BRETON announced its interim results, reporting a revenue of RMB 331 million for the first half of the year, an increase of 1.19% year-on-year; the loss attributable to equity shareholders was RMB 81.646 million, a decrease of 53.13% year-on-year. The announcement stated that the revenue increase was mainly due to a richer product mix, with an increase in the proportion of energy storage components and electricity sales. According to Jiemian News, BRETON plans to enter a phase of scaled profitability by 2027, with a profit target of "doubling every year" in the following years. BRETON Chairman Chen Fangming recently told Jiemian reporters that the company aims to achieve annual profits exceeding RMB 5 billion by 2031. As of June this year, BRETON has nearly 100 mining trucks equipped with autonomous driving systems in operational use. Under the current charging model, this segment could generate approximately RMB 20 million in revenue annually.