Radiance Holdings (Group) Company Limited (HK:9993)
:9993
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Radiance Holdings (Group) Company Limited
(9993)
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Rating:41Neutral
Price Target:
HK$1.00
▼(-45.05% Downside)
Action:Reiterated
Date:06/06/26
The score is driven primarily by weak financial performance (large recent losses, rising leverage, and 2025 cash burn) and bearish technicals (price below all key moving averages). Valuation provides limited offset because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Historical cash generation
The company produced meaningful operating and free cash flow through 2022–2024, demonstrating an underlying ability to convert operations into cash. That historical cash-generation track record provides a structural capacity to recover liquidity through operations or to support restructurings when markets stabilize.
Negative Factors
Severe recent losses
Profitability has deteriorated sharply into very large losses, with 2025 showing deeply negative gross margins and a net loss near half of revenue. Such structural margin collapse erodes capital, damages lender confidence, and makes sustained recovery harder without significant revenue, cost, or capital interventions.
Read all positive and negative factors
Positive Factors
Negative Factors
Historical cash generation
The company produced meaningful operating and free cash flow through 2022–2024, demonstrating an underlying ability to convert operations into cash. That historical cash-generation track record provides a structural capacity to recover liquidity through operations or to support restructurings when markets stabilize.
Read all positive factors
Radiance Holdings (Group) Company Limited (9993) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.53B
Dividend YieldN/A
Average Volume (3M)6.00M
Price to Earnings (P/E)―
Beta (1Y)1.48
Revenue Growth-42.63%
EPS Growth23.39%
CountryHK
Employees478
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-1.82
Shares Outstanding4,045,227,000
10 Day Avg. Volume3,607,000
30 Day Avg. Volume5,999,333
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.84
Price to Sales (P/S)0.48
P/FCF Ratio-13.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Radiance Holdings (Group) Company Limited Business Overview & Revenue Model
Company Description
Radiance Holdings (Group) Company Limited, an investment holding company, engages in property development business in Mainland China. The company develops and sells residential and commercial properties; and leases commercial properties, such as o...
How the Company Makes Money
null...
Radiance Holdings (Group) Company Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
28
Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.79B | 13.83B | 24.77B | 34.25B | 35.32B | 40.03B |
| Gross Profit | -5.03B | -1.60B | -5.80B | 2.53B | 5.18B | 7.75B |
| EBITDA | -6.12B | -5.74B | -7.23B | 1.06B | 4.02B | 6.90B |
| Net Income | -7.32B | -6.74B | -9.11B | -581.25M | 1.71B | 3.27B |
Balance Sheet | ||||||
| Total Assets | 91.83B | 77.92B | 96.66B | 129.78B | 161.68B | 191.65B |
| Cash, Cash Equivalents and Short-Term Investments | 1.15B | 1.09B | 1.83B | 4.83B | 12.32B | 11.30B |
| Total Debt | 28.81B | 23.48B | 29.82B | 29.43B | 37.83B | 52.81B |
| Total Liabilities | 68.00B | 62.21B | 72.53B | 93.83B | 126.09B | 154.08B |
| Stockholders Equity | 14.60B | 7.92B | 14.83B | 23.95B | 24.53B | 23.64B |
Cash Flow | ||||||
| Free Cash Flow | 1.28B | -506.13M | 2.90B | 7.91B | 8.28B | 1.90B |
| Operating Cash Flow | 1.28B | -495.81M | 3.00B | 8.10B | 8.35B | 2.77B |
| Investing Cash Flow | 761.68M | 191.36M | -34.04M | 1.94B | 1.96B | -3.29B |
| Financing Cash Flow | -3.78B | -962.54M | -5.95B | -9.65B | -17.14B | -8.94B |
Radiance Holdings (Group) Company Limited Technical Analysis
Negative
1.82
Price Trends
1.37
Negative
1.45
Negative
1.88
Negative
Market Momentum
-0.12
Positive
41.86
Neutral
17.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9993, the sentiment is Negative. The current price of 1.82 is above the 20-day moving average (MA) of 1.26, above the 50-day MA of 1.37, and below the 200-day MA of 1.88, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 41.86 is Neutral, neither overbought nor oversold. The STOCH value of 17.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9993.
Radiance Holdings (Group) Company Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
54 Neutral | HK$3.09B | -13.21 | -1.58% | 1.16% | -0.66% | -234.11% | |
49 Neutral | HK$6.05B | 46.30 | 0.75% | 5.51% | -19.84% | 1.94% | |
49 Neutral | HK$2.71B | -1.56 | -7.82% | 4.12% | -4.76% | 33.39% | |
45 Neutral | HK$4.93B | -10.63 | -3.31% | ― | 7.77% | 24.50% | |
45 Neutral | HK$3.52B | -1.79 | 0.41% | 13.43% | -50.30% | -1100.41% | |
41 Neutral | HK$4.53B | -1.04 | -29.07% | ― | -42.63% | 23.39% |
* Real Estate Sector Average
HK:9993
Radiance Holdings (Group) Company Limited
1.12
-1.92
-63.16%
HK:1224
C C Land Holdings
1.27
0.07
5.83%
HK:0034
Kowloon Development Co
4.63
1.81
64.36%
HK:0272
Shui On Land
0.44
-0.28
-38.89%
HK:0051
Harbour Centre Development Limited
4.36
0.36
9.00%
HK:0369
Wing Tai Properties Limited
1.97
0.51
34.65%
Radiance Holdings (Group) Company Limited Corporate Events
Radiance Holdings Cuts Caps on Property Management Services Under Revised Framework
Jun 26, 2026
Radiance Holdings has amended its New Property Management Related Services Framework Agreement with Radiance Smart Holdings, scrapping previously proposed annual caps and instead tying future limits to annual caps that will be disclosed in line wi...
Radiance Holdings Wins Strong Shareholder Backing for Board Changes and New Auditor
Jun 26, 2026
Radiance Holdings reported that all ordinary and special resolutions put to shareholders at its 26 June 2026 annual general meeting were approved by poll, including the adoption of the 2025 audited financial statements and authorization for the bo...
Radiance Holdings Outlines Board Composition and Governance Roles
Jun 26, 2026
Radiance Holdings (Group) Company Limited has announced the current composition of its board of directors, naming four executive directors, including chairman Lam Ting Keung, and three independent non-executive directors. The disclosure underscore...
Radiance Holdings Proposes New Auditor Prism Hong Kong Limited
Jun 18, 2026
Radiance Holdings (Group) Company Limited has proposed appointing Prism Hong Kong Limited as its new auditor following the retirement of Ernst Young, with the mandate to run from the conclusion of the upcoming annual general meeting to the next, ...
Radiance Holdings Renews Connected Property Management Services Deal
Jun 10, 2026
Radiance Holdings has signed a new property management related services framework agreement with connected party Radiance Smart Holdings, effective from 1 January 2026 to 31 December 2028, to replace an earlier arrangement that expired at the end ...
Radiance Holdings Sets 2026 AGM to Renew Board, Auditor and Share Buy-Back Mandate
Jun 4, 2026
Radiance Holdings (Group) Company Limited has called its annual general meeting for 26 June 2026 in Hong Kong, where shareholders will be asked to adopt the audited financial statements for the year ended 31 December 2025 and receive reports from ...
Radiance Holdings Plans Board Appointments to Bolster Governance and Operational Expertise
Jun 2, 2026
Radiance Holdings has proposed the appointment of Dr. Shen Houcai as an independent non-executive director and Mr. Zhou Xiaohui as an executive director, subject to shareholder approval at the annual general meeting scheduled for June 26, 2026. Th...
Radiance Holdings Announces Planned 2026 Retirement of Independent Director
May 26, 2026
Radiance Holdings (Group) Company Limited has announced that independent non-executive director Chung Chong Sun will retire from the board at the conclusion of the company’s 2026 annual general meeting, in line with scheduled rotation requir...
Radiance Holdings’ Auditor Ernst & Young to Retire After Going-Concern Disclaimer
Apr 30, 2026
Radiance Holdings (Group) Company Limited has announced that Ernst Young will retire as its auditor following the conclusion of the upcoming annual general meeting, after the firm decided not to seek reappointment due to considerations such as au...
Radiance Holdings’ Key Subsidiary Swings to Q1 Loss on Lower Revenue
Apr 30, 2026
Radiance Holdings has disclosed a summary of the unaudited first-quarter 2026 financial results of its indirect non-wholly owned subsidiary, Radiance Group Co., Ltd., as required by PRC rules tied to the unit’s outstanding debt instruments. ...
Radiance Holdings Cuts Debt but Suffers Deep Losses in 2025
Mar 31, 2026
Radiance Holdings reported 2025 revenue of about RMB14.19 billion, a sharp decline from the previous year, and remained in a gross loss position amid a tough property market. The company reduced its total interest-bearing debts to RMB23.47 billion...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.