Red Star Macalline forecasts wider losses amid downturn

Red Star Macalline Group Corporation anticipates a net loss of 1.65-1.98 billion yuan in the first half of 2025, up from 1.34 billion yuan in the same period last year.

The widening loss stems from a home furnishing market downturn affecting occupancy and rental rates, plus an investment property valuation writedown exceeding 1.8 billion yuan.