---
title: "Radiance Holdings’ Key Subsidiary Swings to Q1 Loss on Lower Revenue"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284763896.md"
description: "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."
datetime: "2026-04-30T11:58:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284763896.md)
  - [en](https://longbridge.com/en/news/284763896.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284763896.md)
---

# Radiance Holdings’ Key Subsidiary Swings to Q1 Loss on Lower Revenue

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The latest announcement is out from Radiance Holdings (Group) Company Limited ( (HK:9993) ).

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. The property-focused subsidiary reported total assets of RMB76.681 billion and total liabilities of RMB60.398 billion as of 31 March 2026, with equity attributable to owners slightly down to RMB16.283 billion and cash and cash equivalents essentially stable at RMB827 million.

For the three months ended 31 March 2026, Radiance Group’s operating revenue fell to RMB1.643 billion from RMB2.417 billion a year earlier, while gross profit margin narrowed to 13.50%, resulting in an operating loss of RMB23 million and a net loss of RMB19 million, compared with a profit in the prior-year period. The company highlighted that these unaudited figures, prepared under PRC accounting standards, are not directly comparable with Radiance Holdings’ Hong Kong reporting and do not provide a full picture of the group’s consolidated operating or financial condition, a caveat relevant for investors assessing credit and equity risk tied to the subsidiary’s debt.

**More about Radiance Holdings (Group) Company Limited**

Radiance Holdings (Group) Company Limited is a Cayman Islands–incorporated investment holding company listed in Hong Kong that operates through subsidiaries in China’s property and related sectors. Its indirect non-wholly owned unit Radiance Group Co., Ltd. issues onshore debt financing instruments in the PRC and reports quarterly financials under China Accounting Standards for Business Enterprises.

**Average Trading Volume:** 9,328,333

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$4.25B

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