Radiance Holdings sees improved gross profit, reduced net loss despite revenue decline

Radiance Holdings (Group) Company Limited reported revenue of RMB6,410.4 million for the six months ended June 30, 2025, a decrease of 60.9% compared to RMB16,383.0 million in the same period of 2024. Despite the decline in revenue, the company saw a substantial increase in gross profit to RMB850.1 million from RMB77.9 million in the first half of 2024, raising the gross profit margin to 13.3% from 0.5%. The net loss for the period improved by 85.3% to RMB283.6 million, compared to RMB1,927.0 million in the prior year.

The company's debt balance decreased by 3.5% to RMB23,741.3 million as of June 30, 2025, from RMB24,602.2 million at the end of 2024. The weighted average cost of debt also improved, falling to 4.93% from 5.26% at December 31, 2024. Net current assets remained stable at RMB13,375.7 million, with cash and bank balances amounting to RMB1,580.9 million.

Radiance Holdings successfully delivered over 5,066 new homes across 12 cities nationwide during the period. The total planned GFA of projects under construction decreased by 21.0% to 8,349,359 sq.m. as of June 30, 2025.