Radiance Holdings (Group) Company Limited (HK:9993) has released an update.
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Radiance Holdings (Group) Company Limited has released its unaudited interim financial results for the first half of 2024, revealing a significant shift from a profit of RMB 737,253 in 2023 to a loss of RMB 1,927,039. Despite a decrease in revenue from RMB 18,348,658 to RMB 16,382,985, the company experienced higher costs across various sectors, including joint ventures and associates, leading to the overall loss. This performance marks a challenging period for the company, contrasting sharply with the previous year’s profitable outcome.
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