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<p>REF Holdings Limited ( (HK:1631) ) 发布了公告。</p>
<p>REF Holdings Limited 报告称截至 2025 年 12 月 31 日的年度收入下降至 9230 万港元，较去年同期的 1.064 亿港元下降，毛利润降至 4660 万港元。归属于股东的净利润几乎减半至 300 万港元，每股收益降至 1.16 港分，尽管行政和财务成本降低，但仍反映出利润率承压。</p>
<p>该集团适度改善了信用质量，贸易应收款项的预期信用损失准备金小幅回转，并受益于其他收益略有增加。然而，盈利能力和收益的下降凸显了更具挑战性的经营环境，可能引发投资者对未来增长动能和回报可持续性的担忧。</p>
<p>最近对 (HK:1631) 股票的分析师评级为持有，目标价为 0.56 港元。要查看 REF Holdings Limited 股票的完整分析师预测列表，请参见 HK:1631 股票预测页面。</p>
<p><strong>关于 REF Holdings Limited 的更多信息</strong></p>
<p>REF Holdings Limited 是一家在香港上市的公司，提供专业服务，其收入来源于基于服务的运营。该集团专注于提供专业商业服务，其成本结构和费用特征表明在香港及可能更广泛的区域市场内采用劳动和运营密集型模式。</p>
<p><strong>平均交易量：</strong> 87,121</p>
<p><strong>技术情绪信号：</strong> 买入</p>
<p><strong>当前市值：</strong> 1.203 亿港元</p>

01631

<p>REF Holdings Limited 报告了截至 2025 年 12 月 31 日的财务业绩显著下降。收入从 1.064 亿港元降至 9230 万港元，净利润几乎减半至 300 万港元。每股收益降至 1.16 港分，尽管成本降低，但仍显示出利润率承压。公司在信用质量上略有改善，但在盈利能力和增长可持续性方面面临挑战。分析师目前将该股票评级为持有，目标价为 0.56 港元</p>

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<div class="lb-trans"><h3>申请 TipRanks 高级版 70% 折扣</h3>
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<div class="lb-trans"><ul>
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<li>通过最新的新闻和分析保持市场领先，最大化您的投资组合潜力</li>
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</div><p>REF Holdings Limited ( (HK:1631) ) has issued an announcement.</p>
<div class="lb-trans"><p>REF Holdings Limited ( (HK:1631) ) 发布了公告。</p>
</div><p>REF Holdings Limited reported a decline in revenue to HK$92.3 million for the year ended 31 December 2025, down from HK$106.4 million a year earlier, with gross profit falling to HK$46.6 million. Net profit attributable to shareholders nearly halved to HK$3.0 million, while earnings per share slipped to 1.16 HK cents, reflecting pressure on margins despite lower administrative and finance costs.</p>
<div class="lb-trans"><p>REF Holdings Limited 报告称截至 2025 年 12 月 31 日的年度收入下降至 9230 万港元，较去年同期的 1.064 亿港元下降，毛利润降至 4660 万港元。归属于股东的净利润几乎减半至 300 万港元，每股收益降至 1.16 港分，尽管行政和财务成本降低，但仍反映出利润率承压。</p>
</div><p>The group modestly improved credit quality, recording a small reversal of expected credit loss allowances on trade receivables, and benefited from slightly higher other gains. However, reduced profitability and earnings underscore a more challenging operating environment and may raise concerns among investors about growth momentum and the sustainability of returns going into future periods.</p>
<div class="lb-trans"><p>该集团适度改善了信用质量，贸易应收款项的预期信用损失准备金小幅回转，并受益于其他收益略有增加。然而，盈利能力和收益的下降凸显了更具挑战性的经营环境，可能引发投资者对未来增长动能和回报可持续性的担忧。</p>
</div><p>The most recent analyst rating on (HK:1631) stock is a Hold with a HK$0.56 price target. To see the full list of analyst forecasts on REF Holdings Limited stock, see the HK:1631 Stock Forecast page.</p>
<div class="lb-trans"><p>最近对 (HK:1631) 股票的分析师评级为持有，目标价为 0.56 港元。要查看 REF Holdings Limited 股票的完整分析师预测列表，请参见 HK:1631 股票预测页面。</p>
</div><p><strong>More about REF Holdings Limited</strong></p>
<div class="lb-trans"><p><strong>关于 REF Holdings Limited 的更多信息</strong></p>
</div><p>REF Holdings Limited is a Hong Kong-listed company providing professional services, with revenue derived from service-based operations. The group focuses on delivering specialised business services, with its cost structure and expense profile indicating a labour- and operations-intensive model within the Hong Kong and possibly broader regional market.</p>
<div class="lb-trans"><p>REF Holdings Limited 是一家在香港上市的公司，提供专业服务，其收入来源于基于服务的运营。该集团专注于提供专业商业服务，其成本结构和费用特征表明在香港及可能更广泛的区域市场内采用劳动和运营密集型模式。</p>
</div><p><strong>Average Trading Volume:</strong> 87,121</p>
<div class="lb-trans"><p><strong>平均交易量：</strong> 87,121</p>
</div><p><strong>Technical Sentiment Signal:</strong> Buy</p>
<div class="lb-trans"><p><strong>技术情绪信号：</strong> 买入</p>
</div><p><strong>Current Market Cap:</strong> HK$120.3M</p>
<div class="lb-trans"><p><strong>当前市值：</strong> 1.203 亿港元</p>
</div>

由于收入疲软，REF HOLDINGS 在 2025 年的利润几乎减半