PKU Resources forecasts FY26 turnaround with RMB1.40–1.80 billion profit after asset disposal

Bulletin Express
Jun 17

PKU Resources (Peking University Resources (Holdings) Company Limited) has issued a positive profit alert, projecting a profit of RMB1.40–1.80 billion for the twelve months ended 31 March 2026. The expected result contrasts sharply with the RMB2.52 billion loss recorded in the previous fiscal year.

The Board attributes the anticipated turnaround to three principal factors:

1. Disposal gain: In August 2025, the Group injected its wholly owned On Tai International Investment Group (Hong Kong) Limited—together with 16 subsidiaries, six of which were engaged in property development in mainland China—into a partnership, generating a material disposal gain.

2. Lower finance costs and provisions: Following the transaction, the Group no longer holds real-estate projects in the development stage, resulting in a significant reduction in finance expenses and related liability provisions.

3. Investment property revaluation: These positive impacts are partially offset by fair-value losses on investment properties amid weaker property-market conditions.

The figures are based on unaudited consolidated management accounts and have yet to be reviewed by the audit committee or the Company’s external auditor. Formal annual results are scheduled for release by end-June 2026.

The Company advises shareholders and potential investors to exercise caution when dealing in its securities.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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