Red Star Macalline Expects Wider Loss in 2025; Shares Down 3%

MT Newswires Live

01/26

Red Star Macalline (HKG:1528, SHA:601828) expects net loss attributable to owners of the parent to range between 15.4 billion yuan and 22.9 billion yuan in 2025, compared with a loss of about 3.5 billion yuan a year earlier, according to a Jan. 23 Hong Kong bourse filing.

Shanghai-listed shares of the firm were down over 3% in Monday morning trade.

The home furnishings retailer said the wider loss was mainly driven by fair-value declines in investment properties and asset impairment charges, amid weak conditions in the real estate, home furnishing, and building materials sectors.

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