Renze Harvest International Limited released its audited results for the year ended 31 December 2025.

Financial Highlights • Revenue dropped 10.9% year-on-year to HK$1.02 billion, mainly on a steep decline in property investment & development income. • Gross profit decreased 20.4% to HK$288.67 million; gross margin slipped to 28.4% from 31.7%. • Operating loss contracted to HK$45.85 million (2024: HK$317.91 million) after a sharply lower fair-value loss on investment properties (HK$43.15 million vs HK$280.74 million). • Loss attributable to shareholders narrowed 47.2% to HK$119.85 million; basic loss per share improved to 3.96 HK cents (2024: 8.48 HK cents). • No final dividend was proposed.

Segment Performance • Automation revenue surged 49.2% to HK$759.0 million, accounting for 74.6% of group turnover and generating HK$52.03 million operating profit. • Property investment & development revenue plunged 66.5% to HK$183.0 million, translating into a HK$121.10 million operating loss. • Financial services revenue inched down 4.4% to HK$51.65 million, with segment profit at HK$15.36 million. • Securities investment contributed HK$24.43 million revenue and HK$29.89 million operating profit.

Cost and Expense Dynamics • Administrative expenses were cut 36.9% to HK$137.30 million, reflecting lower depreciation, payroll and exchange losses. • Net finance costs fell 22.8% to HK$46.12 million, aided by HK$62.22 million borrowing-cost capitalisation. • Other losses swung to HK$84.84 million, driven by losses on asset disposals and revaluation adjustments.

Balance Sheet and Liquidity • Cash and cash equivalents stood at HK$833.41 million; net current assets reached HK$1.41 billion. • Total borrowings rose to HK$1.69 billion, but the gearing ratio remained broadly stable at 28.7% (2024: 28.8%). • Net assets increased to HK$5.89 billion, aided by positive currency translation reserves and a HK$293.70 million share placement completed in November 2025.

Capital Commitments and Contingent Liabilities • Capital commitments not provided for amounted to HK$4.48 billion, mainly relating to investment properties and development expenditures. • The group reported no material contingent liabilities.

Outlook Management reiterated its focus on expanding the automation business—especially in overseas markets—while pursuing selective property projects in core Chinese cities and maintaining prudent risk controls across financial services.