Renze Harvest International reported a turnaround for the six months ended 30 June 2026, posting a profit attributable to owners of HK$13.73 million versus a HK$47.71 million loss a year earlier.
Revenue slipped 8.9 % to HK$415.73 million, yet gross profit improved 4.9 % to HK$128.86 million and the margin widened to 31.0 % (H1 2025: 26.9 %). The rebound was driven chiefly by tighter cost controls and a foreign-exchange gain in the automation segment, as well as a HK$21.70 million land appreciation tax reversal.
Segment detail • Automation remained the core contributor, generating HK$305.39 million, 13.4 % lower year-on-year but equal to 73.5 % of Group revenue. Operating profit surged 84.7 % to HK$36.38 million, helped by lower cost of sales and currency gains. • Property investment & development delivered HK$81.15 million in revenue (-3.4 %), with operating profit rising to HK$54.99 million, buoyed by the tax reversal from a Ganzhou project. • Financial services income rose 35.4 % to HK$31.05 million; segment operating profit reached HK$12.83 million. • Securities investment recorded a HK$1.87 million loss.
Finance income swung to a net gain of HK$0.81 million (H1 2025: net cost of HK$38.93 million) after HK$40.21 million of interest was capitalised on investment properties under construction.
Balance-sheet highlights Total assets increased to HK$10.43 billion, while net assets edged up to HK$6.15 billion. Cash and equivalents stood at HK$665.75 million; the current ratio stayed at 1.5. Borrowings amounted to HK$1.68 billion, equal to a gearing ratio of 27.4 %.
Operations and outlook • Shenzhen Bangkai Science & Technology Industrial Park: Phases III–IV, adding over 250,000 sq m of space, are on track for completion in 2026, with apartments and R&D facilities slated for launch in late 2026/early 2027. • Ganzhou properties Joyous Square and Universal Square, totalling about 63,000 sq m, are being auctioned as Renze Harvest continues asset disposals to recycle capital. • Shantou Times Bay project has resumed construction; Blocks 1 and 7 in the North Zone are scheduled for market launch this year.
Management noted ongoing focus on overseas expansion for its automation arm, Gallant Tech, particularly in Southeast Asia, and reiterated plans to invest further in semiconductor-related opportunities while monitoring market and regulatory conditions.
No interim dividend was declared for the period.
As at period-end the Company had no share options outstanding, and neither the Company nor its subsidiaries repurchased, sold or redeemed any of its listed securities during the half-year.