Radiance Holdings’ Key Subsidiary Swings to Q1 Loss on Lower Revenue
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Radiance Holdings’ subsidiary, Radiance Group Co., Ltd., reported a Q1 loss for 2026, with operating revenue dropping to RMB1.643 billion from RMB2.417 billion year-over-year. The company faced an operating loss of RMB23 million and a net loss of RMB19 million, contrasting with a profit in the previous year. As of March 31, 2026, total assets were RMB76.681 billion and liabilities were RMB60.398 billion. The figures are unaudited and prepared under PRC standards, which may not align with Radiance Holdings’ Hong Kong reporting.
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