On May 20, Radiance Holdings (09993.HK) rose 8.51% in regular trading, trading at 3.1 HKD/share, with trading volume of approximately HKD 182 million.

The stock continues to exhibit elevated volatility following a dramatic multi-day rally. On May 14, the stock hit a record low of 0.85 HKD, before surging over 205% on May 15 with turnover exceeding HKD 1 billion. On May 18, it gained an additional 90%+, with the two-day cumulative gain exceeding 400%. However, the rally lacks fundamental support. The company reported full-year revenue of RMB 14.194 billion for fiscal year, down 42.69% year-over-year, with a net loss attributable to shareholders of RMB 6.919 billion. Total liabilities stood at RMB 62.181 billion, with cash of only RMB 815 million against RMB 13.319 billion in short-term debt. Additionally, auditor Ernst & Young resigned on April 30, issuing a disclaimer of opinion citing material uncertainty over the group's ability to continue as a going concern.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)