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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
2024 Annual Results Forecast
Express News | Red Star Macalline Group Corp Sees Net Loss Attributable for Year RMB2,610 Mln and RMB3,060 Mln
PROFIT WARNING ANNOUNCEMENT
Red Star Macalline Group Corporation (601828.SH): Expected net loss for 2024 is between 2.33 billion yuan and -2.73 billion yuan.
On January 17, Gelonghui reported that Red Star Macalline Group Corporation (601828.SH) announced that the company expects to achieve a net income attributed to the parent company owners of -2,730 million yuan to -2,330 million yuan for the 2024 fiscal year; it is expected that the net income attributed to the parent company owners after deducting non-recurring gains and losses will be -1,670 million yuan to -1,430 million yuan for the 2024 fiscal year. Due to fluctuations in the domestic economic situation and the shock adjustment of post-cycle consumer in real estate, the Industry is accelerating to clear out, and the mall rental rate has seen a temporary decline year-on-year; at the same time, the company is a leader in the home retail sector.
Shareholders in Red Star Macalline Group (HKG:1528) Have Lost 58%, as Stock Drops 4.3% This Past Week
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