Red Star Development: Stock price fluctuates abnormally, first quarter revenue and net profit both decrease.

Red Star Development announced that the company's stock price had a deviation value exceeding 20% on May 29th, June 1st, and June 2nd, 2026 for three consecutive trading days, which is considered abnormal volatility. After self-examination, the company, controlling shareholder and actual controller did not have any undisclosed significant events that should have been disclosed. In the first quarter of 2026, the company's revenue was 473 million yuan, a year-on-year decrease of 11.23%; net profit was 28.6498 million yuan, a year-on-year decrease of 2.25%. The company's current P/E ratio is significantly higher than the industry average, and investors are reminded to be cautious of the risks.