Radiance Holdings (09993) saw its share price hit a new all-time low of HK$0.85 yesterday. The stock experienced a significant surge with heavy trading volume today, rising nearly 180% in the afternoon session. At the time of writing, the share price is up 172.09% to HK$2.34, with a turnover exceeding HK$1.094 billion.

The company's 2025 financial results show annual revenue of RMB 14.194 billion, a decrease of 42.69% year-on-year. The loss attributable to owners of the parent company was RMB 6.919 billion, narrowing by 24.06% compared to the previous year. For the first quarter, operating revenue was RMB 1.643 billion, with a net loss attributable to the parent of RMB 4 million, shifting from a profit to a loss year-on-year.

According to its corporate website, Radiance Holdings (Group) Co., Ltd. is a large-scale real estate developer with a nationwide presence, regional focus, and a leading position and strong reputation in its operating cities.