Redco Healthy Living Company Limited (REDCO HEALTHY) released a positive profit alert indicating an expected net profit not exceeding RMB2.00 million for the six months ended 30 June 2026. The company had posted a net loss of approximately RMB0.80 million during the same period in 2025, implying an earnings improvement of up to RMB2.80 million year on year.
Management attributes the swing to profitability mainly to a “significant reduction” in provision for impairment losses on trade receivables from both third-party and related parties. This benefit was partially offset by lower overall revenue, particularly a decline in value-added services to non-property owners. The company noted weaker sales-office management and IT and intelligent construction services provided to Redco Properties Group Limited, reflecting fewer project deliveries by the parent and controlling shareholder.
The earnings guidance is based on unaudited management accounts and may be updated. REDCO HEALTHY plans to publish its full unaudited interim results on 28 August 2026.