Red Star Macalline Group Corporation (01528) recorded a self-operated shopping mall revenue of 1.219 billion yuan in the first quarter, a decrease of 2.2% compared to the same period last year.

Red Star Macalline Group Corporation (01528) released its operating data for the first quarter of 2026. As of March 31, 2026, the company operates 73 self-operated shopping centers, 214 managed shopping centers with various levels of management depth, and operates 6 home furnishing shopping centers through strategic partnerships. In addition, the company has granted franchise operation rights to 17 home furnishing and building materials projects, totaling 336 home furnishing and building materials stores/industrial streets. During the reporting period, the company closed 1 self-operated shopping center located in Chengdu, Sichuan; 4 managed shopping centers located in Datong, Shanxi, Heze, Shandong, Kaili, Guizhou, and Fuding, Fujian; 1 strategic partnership shopping center located in Xintai, Shandong; and 2 franchise operation shopping centers located in Xinxiang, Henan and Yibin, Sichuan. As of March 31, 2026, the company has 16 self-operated shopping centers in preparation (including 13 self-owned and 3 leased), with a planned construction area of approximately 2.63 million square meters (subject to the final approved construction area in government permit documents). Among the managed shopping centers in preparation, 237 managed contract projects have obtained land use rights certificates/land plots. The company's operating self-operated shopping centers achieved operating revenue of 1.219 billion RMB during the reporting period, a decrease of 2.2% compared to the same period last year. The gross profit margin was 72.8%, an increase of 3.7 percentage points compared to the same period in 2025.