HK Stock Market Move | RADIANCE HLDGS (09993) rose by over 11%, expecting a mid-term net profit not exceeding 90 million yuan, turning from a loss to a profit year-on-year.

RADIANCE HLDGS (09993) surged over 11%, and as of the time of writing, it increased by 11.54%, trading at HKD 1.305, with a transaction volume of HKD 69.8347 million. On the news front, RADIANCE HLDGS released a profit alert, expecting that the profit attributable to owners of the parent company for the six months ending June 30, 2026, will not exceed RMB 90 million, compared to a loss of approximately RMB 230 million for the same period in 2025, marking a turnaround from loss to profit. This is mainly due to higher gross margins from some projects revenue recognized in the current period, the reversal of prior-year inventory impairment provision, and a reduction in the fair value loss of some investment properties held compared to the previous year.