On August 31, RADIANCE HLDGS rose 16.02% in regular trading, trading at HK$1.315/share, with turnover of approximately HK$88.50 million.

On the news front, the company convened a board meeting on the same day to review and approve its unaudited interim results for the six months ended June 30, and to discuss the declaration of an interim dividend. Earlier this month, the company issued a positive profit alert, forecasting net profit attributable to shareholders of no more than RMB 90 million for the first half of the year, marking a turnaround from a loss of approximately RMB 230 million in the same period last year. The improvement was primarily driven by higher gross margins on certain delivered projects, reversal of previously recognized inventory impairment provisions, and a year-on-year narrowing of fair value losses on investment properties.

In addition, institutional research has pointed out that structural improvement is emerging among select property developers, with notable progress in sales portfolio repositioning and land acquisition performance, contributing to a warmer sentiment across the real estate sector.

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