HK Stock Market Move | BRETON (01333) Surges Over 22% as Company Deepens African Mining Cooperation and Plans to Achieve Scaled Profitability Next Year

BRETON (01333) surged over 22%, rising 21.9% as of press time to HK$19.65, with a turnover of HK$28.5007 million. On the news front, BRETON recently signed a letter of intent for cooperation with Inhoy Investment (Private) Limited. The two parties plan to carry out long-term cooperation in areas including electric mining truck sales agency, solar-storage project construction, and mining equipment investment and operation. It is reported that the two parties plan to share profits from mining area projects after equipment investment is completed and the mining area projects generate sales revenue. As a result, BRETON's cooperation model in African mining is extending further from equipment, power, and service revenue to long-term project operating results. It is worth noting that, according to an earlier Jiemian report, BRETON plans to enter a stage of scaled profitability in 2027, with a profit target of "doubling every year" in the following years. BRETON Chairman Chen Fangming recently told reporters that the company's goal is to achieve annual profit exceeding RMB 5 billion by 2031. As of June this year, BRETON had nearly 100 mining trucks equipped with autonomous driving systems put into business operation. Under the current charging model, this business can generate about RMB 20 million in revenue per year.