Peking University Resources Reports 12% Revenue Increase but Swings to Gross Loss for Year Ending March 2025
Reuters
Jul 01
Peking University Resources Reports 12% Revenue Increase but Swings to Gross Loss for Year Ending March 2025
Peking University Resources (Holdings) Company Limited has announced its audited consolidated results for the year ended 31 March 2025. The company's revenue saw an increase, totaling RMB 1.619 billion compared to RMB 1.441 billion in the previous year. Despite the rise in revenue, the company reported a gross loss of RMB 53 million, a significant change from the gross profit of RMB 131 million recorded for the year ended 31 March 2024. Other gains and losses, net, also declined to RMB 327 million from RMB 516 million in the previous year. The company's selling and distribution expenses increased to RMB 122 million from RMB 68 million, and administrative expenses rose to RMB 234 million from RMB 167 million. The financial results reflect increased costs and expenses, which impacted the company's profitability despite higher revenues. No specific outlook or guidance for future performance was provided in the announcement.
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