PKU RES-NEW (00618) Issues Profit Alert, Expects Interim Profit of RMB 1.8-2 Billion, Turning Loss into Gain YoY

Stock News11-21

PKU RES-NEW (00618) announced that the group is expected to achieve a profit of approximately RMB 1.8 billion to RMB 2 billion for the six-month period ending September 30, 2025, compared to a loss of about RMB 1.355 billion in the same period last year. The anticipated profit is primarily attributed to: (i) In August 2025, the company injected all equity of its wholly-owned subsidiary, Antai International Investment Group (Hong Kong) Limited, into a partnership, generating a disposal gain of around RMB 2.314 billion. The sale involved 16 subsidiaries, six of which were engaged in property development in China; (ii) Following the completion of the aforementioned transaction, the group no longer holds any real estate development projects under construction, leading to a significant reduction in related financial expenses and provisions for expected liabilities associated with the divested entities.

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