RIVERINE CHINA Posts Interim Turnaround with Net Profit of 8.5 Million Yuan

Stock News
Aug 28

RIVERINE CHINA (01417) has released its interim results for the six months ended June 30, 2026, reporting a return to profitability. The group recorded revenue of RMB 537 million, representing a year-on-year increase of 3.75%. Profit attributable to owners of the parent company stood at RMB 8.484 million, compared with a profit of RMB 874,000 in the same period of the previous year. Earnings per share reached RMB 0.02.

According to the company's announcement, the revenue growth was primarily driven by several key business segments. Revenue from property management services increased from approximately RMB 345.6 million in the six months ended June 30, 2025, to around RMB 375 million during the reporting period. Revenue from urban sanitation services grew from approximately RMB 141.9 million in the prior corresponding period to about RMB 144.6 million.

However, some segments experienced declines during the period. Revenue from subleasing investment properties fell from approximately RMB 9 million to RMB 7.3 million, while catering services revenue dropped sharply from RMB 13.2 million to RMB 3.6 million. Other services revenue also decreased from RMB 7.4 million to approximately RMB 6 million, contributing to the mixed performance across the group's diversified business portfolio.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10