Reach New Holdings publishes 2025 annual report

PUBT·04/27/2026 12:18:47

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Reach New Holdings published annual report for year ended Dec. 31, 2025, showing weaker trading in core garment accessories business amid intense price competition and higher operating costs.
Revenue fell 12.3% to RMB 80.4 million, driven mainly by softer sales of accessories such as tapes and metal products.
Group widened diversification push, building out functional garment production using mugwort-based fabric while developing online sales channels.
Shenzhen GuanChengTong acquisition completed Jan. 15, 2025, taking 90% stake to re-enter blockchain and IT security segment.
Hengda Yongjin deal signed Dec. 18, 2025 to buy 24% for RMB 11.6 million, targeting access to production plant for functional garments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reach New Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260427-12126186), on April 27, 2026, and is solely responsible for the information contained therein.

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