Radiance Group reports mixed nine-month financials with narrowed losses

Radiance Holdings (Group) Company Limited announced the unaudited financial results for its indirect non-wholly owned subsidiary, Radiance Group, for the nine months ended 30 September 2025. Radiance Group reported total assets of RMB897.27 million, a decrease from RMB970.49 million at the end of 2024. Total liabilities also fell to RMB657.35 million from RMB726.19 million, while equity attributable to owners decreased slightly to RMB239.92 million from RMB244.29 million. Cash and cash equivalents at period-end stood at RMB9.71 million, down from RMB21.26 million.

Operating revenue for the period significantly declined to RMB81.83 million, compared to RMB214.14 million in the prior year. This led to an operating loss of RMB3.56 million, an improvement from the RMB28.08 million loss reported in the same period of 2024. The gross profit margin remained relatively stable at 14.34%, a slight decrease from 14.43% year-over-year.

The net loss attributable to the owners of the parent improved to RMB3.78 million, substantially better than the RMB32.94 million loss recorded in the corresponding period of 2024. These results are based on China Accounting Standards for Business Enterprises and are unaudited.