Macalline issued an announcement, expecting attributable net profit for the first half of 2026 to be between 50 million and 75 million yuan, compared with a loss of 1.9 billion yuan in the same period last year, achieving a turnaround from loss to profit year-on-year. The company expects attributable net profit after deducting non-recurring items to be between 20 million and 30 million yuan, compared with a loss of 602 million yuan in the same period last year. The expected profit is mainly due to focusing on core main business, stabilization of occupancy rates in self-operated shopping malls, a significant reduction in period expenses, and improved operating quality of individual shopping malls. In addition, housing price indicators showed marginal improvement in May 2026, and the loss from changes in fair value of investment properties and related asset impairment losses narrowed significantly year-on-year. In the first quarter of 2026, Macalline achieved revenue of 1.548 billion yuan and attributable net profit of 47.68 million yuan.
Red Star Macalline Group Corp Ltd Class ACompany expects to turn from loss to profit in H1 2026, with attributable net profit of 50-75 million yuan vs loss of 1.9 billion yuan last year.