Red Star Macalline reports significant losses for nine months ended September 2025

Red Star Macalline Group Corporation Ltd. recorded a net profit attributable to owners of the company of RMB-3.14 bn for the nine months ended September 30, 2025, a significant increase in losses compared to RMB-1.89 bn in the same period of 2024. Total comprehensive income attributable to owners also worsened to RMB-3.30 bn from RMB-1.96 bn year-on-year. Basic earnings per share for the period were RMB-0.72, down from RMB-0.43 in 2024.

Operating revenue for the group declined to RMB4.97 bn from RMB6.11 bn in the prior year, primarily due to weakened demand in the home furnishing retail market and increased tenant incentives. The company also experienced a substantial loss on fair value changes of investment properties, reaching RMB-3.33 bn, an increase in loss of RMB2.12 bn compared to 2024.

As of September 30, 2025, total assets stood at RMB113.39 bn, a decrease from RMB116.24 bn at the end of 2024. Total liabilities amounted to RMB67.39 bn, and total borrowings reached RMB30.75 bn.