Hong Kong's Reach New Holdings H1 revenue rises on higher printed products, woven label sales

Reach New Holdings

28/08/2026 12:54

Overview
Hong Kong garment accessories supplier's H1 revenue rose 15.3% yr/yr to RMB43.6 mln
Net loss for H1 narrowed to RMB3.1 mln from RMB5.2 mln a year earlier
Company raised HK$4.7 mln in share placement to fund money lending business and working capital

Outlook
Reach New plans to apply HK$4.1 mln of 2026 placing proceeds to expand its money-lending business by December 2026

Result Drivers
PRODUCT SALES GROWTH - Co said revenue rose due to increased sales of printed products, woven labels, printed labels and garment accessories
HIGHER WOVEN LABEL SALES - Revenue from woven labels increased to RMB8.0 million from RMB6.4 million a year earlier
STABLE OPERATING EXPENSES - Company said loss narrowed as revenue increased while distribution and selling expenses and administrative expenses remained relatively stable compared with the same period last year

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 43.60 mln
 

Reuters Recommended Reads
Aug 27 - Hong Kong's Lion Rock Group half-year revenue rises on offshore print demand
Aug 27 - Hong Kong's Lerado Financial Group H1 revenue plunges on lower money lending income
Aug 27 - China's Weaving Materials H1 revenue falls on lower sales volume

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-28/4264866f-da9a-4b11-a4fd-cc632ecdd6b5.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)