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The latest announcement is out from Red Star Macalline Group Corporation Ltd Class H ( (HK:1528) ).
Red Star Macalline reported its key operating statistics for the first quarter of 2026, detailing the scale and structure of its nationwide home furnishing mall network. As of 31 March 2026, the group operated 73 portfolio shopping malls, 214 managed malls under varying degrees of management involvement, and 6 malls through strategic cooperation, alongside 17 franchised home improvement material projects encompassing 336 stores or industry streets.
The company also flagged a modest contraction in its footprint during the period, closing one portfolio shopping mall in Chengdu, four managed malls across Shanxi, Shandong, Guizhou, and Fujian, one strategic cooperation mall in Shandong’s Xintai, and two franchised malls in Henan and Sichuan. These adjustments highlight ongoing optimization of its mall portfolio and operating areas as it refines its presence across different regions in China’s home furnishing retail market.
More about Red Star Macalline Group Corporation Ltd Class H
Red Star Macalline Group Corporation Ltd. is a Sino-foreign joint stock company in China that operates large-scale home furnishing and home improvement shopping malls. Listed in both Hong Kong and Shanghai, it focuses on portfolio shopping malls, managed malls, and franchised home improvement material outlets, serving China’s consumer and retail home décor market.
YTD Price Performance: 6.56%
Average Trading Volume: 4,567,333
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$10.74B
For detailed information about 1528 stock, go to TipRanks’ Stock Analysis page.