---
title: "Peking University Resources issues a profit warning, expecting annual losses to increase to approximately 2.4 billion - 2.6 billion yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/245475729.md"
description: "Peking University Resources expects its annual loss for the year ending March 31, 2025, to increase to approximately RMB 2.4 billion to 2.6 billion, a significant increase from the RMB 750 million loss in the 2024 fiscal year. The reasons for the loss include a decline in property sale prices, an increase in expected liabilities due to guarantees provided for the sale of subsidiaries, and impairment of properties held for sale due to a downturn in the property market"
datetime: "2025-06-20T14:36:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/245475729.md)
  - [en](https://longbridge.com/en/news/245475729.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/245475729.md)
---

# Peking University Resources issues a profit warning, expecting annual losses to increase to approximately 2.4 billion - 2.6 billion yuan

According to the Zhitong Finance APP, Peking University Resources (00618) announced that it expects the group to incur a loss of approximately HKD 2.4 billion to 2.6 billion for the year ending March 31, 2025, while the loss for the fiscal year 2024 is expected to be around HKD 750 million.

The announcement stated that the expected loss is mainly due to the following reasons: a decrease in property sales prices leading to a reduction in gross profit from property development; an increase in expected guarantee liabilities and provisions for litigation arising from guarantees provided by the group to its subsidiary, Hong Kong Huzi Co., Ltd., which was sold on March 25, 2022 (and such guarantees remain valid); and impairment of properties held for sale due to a decline in market conditions

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