Express News | Xiamen C&D Inc.: The net income is expected to decrease by 73% to 82% year-on-year for the year 2024.
Express News | Alibaba's Long Position in H-Shares of Red Star Macalline Reduces to 15.46% on Jan 22 From 19.51% - HKEX
Red Star Macalline Group Expects Net Loss to Widen in 2024
The profit warning indicates that RS MACALLINE (01528.HK) estimates a full-year loss of at least 2.77 billion yuan.
RS MACALLINE (01528.HK) issued a profit warning, expecting a loss in the 2024 fiscal year between 2.77 billion to 3.25 billion RMB, compared to a loss of 2.57 billion RMB recorded in the previous year. The anticipated loss is mainly affected by fluctuations in the domestic economic situation, the adjustment of post-real estate cycle Consumer, and the accelerated clearing of the Industry, resulting in a periodic decline in mall occupancy rates year-on-year; and some merchants were granted rent and management fee reductions.
2024 Annual Results Forecast
RS MACALLINE (01528) issued a profit warning, expecting an annual net loss attributable to shareholders of approximately 2.61 billion to 3.06 billion yuan.
RS MACALLINE (01528) announced that the group expects a net loss for the full year ending December 31, 2024...
PROFIT WARNING ANNOUNCEMENT
Express News | Red Star Macalline Group Corporation: Expected net income loss of 2.33 billion yuan to 2.73 billion yuan for the year 2024.
Red Star Macalline Group Corporation (601828.SH): Currently not involved in cross-border e-commerce.
Gelonghui January 16丨Red Star Macalline Group Corporation (601828.SH) stated on the interactive platform that it is currently not involved in cross-border electronic trade.
Red Star Macalline Group Corporation (601828.SH): The malls under its brand have settled on Xiaohongshu and published various marketing promotion content.
On January 16, Gelonghui reported that Red Star Macalline Group Corporation (601828.SH) stated on its interactive platform that it fully utilizes the advantages and resources of the Xiaohongshu social e-commerce platform. The malls under its brand have settled in Xiaohongshu and released various marketing promotion content, allowing for more effective reach to the target user groups, enhancing brand awareness and reputation, and consequently promoting sales performance growth. The marketing strategy on Xiaohongshu is one of the company's important measures in digital transformation and channel diversification.
Red Star Macalline Group Runs 77 Portfolio Shopping Malls as of End of December 2024
As of the end of 2024, RS MACALLINE (01528) operates 77 self-operated malls and 257 consigned management malls with varying depths of management.
RS MACALLINE (01528) announced that as of December 31, 2024, the company operates 77 self-operated...
Red Star Macalline Group Corporation (601828.SH): As of December 31, 2024, the company operates a total of 405 home furnishing and building materials stores/industry streets.
Red Star Macalline Group Corporation (601828.SH) announced that as of December 31, 2024, the company operates 77 self...
As of December 31, 2024, Red Star Macalline Group Corporation operates 77 self-managed malls.
Gelonghui reported on January 10 that Red Star Macalline Group Corporation (601828.SH) announced that as of December 31, 2024, the company operates 77 self-operated malls, 257 malls managed with different depths of management, and operates 7 home furnishing malls through strategic cooperation. In addition, the company has authorized 33 franchised home furnishing and building materials projects, totaling 405 home furnishing and building materials stores/industrial streets.
Hong Kong Stock Market Movement | RS MACALLINE (01528) surged over 14% during trading. The company stated that the housing demand in 2025 will continue to drive consumer spending on home goods.
RS MACALLINE (01528) surged over 14% during intraday trading, and as of the time of writing, it has increased by 14.04%, trading at 2.03 Hong Kong dollars, with a turnover of 38.5992 million Hong Kong dollars.
RS MACALLINE (01528.HK): Li Jianhong has been transferred from executive director to non-executive director.
On December 27, Gelonghui reported that RS MACALLINE (01528.HK) announced that Li Jianhong has been reassigned from executive director to non-executive director, effective from December 27, 2024. His term will be consistent with the term of the fifth Board of Directors, and he may be re-elected upon expiration. A new service contract will be established with Li Jianhong regarding his non-executive director position. At the same time, Li Jianhong will continue to serve as a member of the company's Global Strategy and Investment Committee. Executive director Che Jianxing will no longer serve as the company's authorized representative as stipulated in Article 3.05 of the Hong Kong Listing Rules. The Board of Directors further announced that according to Article 3.05 of the Hong Kong Listing Rules,
rs macalline (01528.HK) plans to provide a financial assistance of not more than 0.1 billion RMB to the operating committee market.
rs macalline (01528.HK) announced that in order to support the operations required for the management of newly opened malls, the company and its holding subsidiaries plan to provide financial assistance to its partners managing the newly opened malls. Without affecting the normal production and operation of the company, a total financial assistance limit of no more than 0.1 billion yuan (RMB) is planned to be provided within the 2025 fiscal year. As of October 31 this year, rs macalline's total financial assistance balance to all partners managing the newly opened malls is about 0.2 billion yuan. For partners managing the newly opened malls that fail to repay financial assistance on time after expiration, the company will not provide additional financial assistance.
Express News | rs macalline Holding Group: Delayed submission of restructuring investment plan.
Hong Kong stock market anomaly | rs macalline (01528) surged more than 9% in early trading, signing a ten-year property management agreement with Jianfa developers. The company previously announced an asset support plan.
rs macalline (01528) rose over 9% in the early trading session. As of the time of writing, it is up 7.77%, priced at 2.08 HKD, with a transaction value of 21.5772 million HKD.
Red Star Macalline Group's Subsidiary to Engage Contractor for Entrusted Management of Commercial Shopping Center