According to the Zhitong Finance App, Red Star Macalline (01528) announced results for the three months ended March 31, 2024. The group achieved operating income of RMB 2,112 billion (RMB, same below) during the period, a year-on-year decrease of 19.3%; net loss to mother of 372 million yuan; net profit to mother of 167 million yuan for the same period last year, a year-on-year profit of 167 million yuan, a year-on-year profit to loss; a basic loss of 0.09 yuan per share.
According to the announcement, changes in revenue were mainly affected by fluctuations in the overall economic environment, the phased decline in shopping mall occupancy rates, the increase in the company's discounts to support the continued operation of merchants, and a decrease in the number of projects in the company's other business sectors, which combined led to a year-on-year decline in the company's revenue.