RS MACALLINE (HKEX: 01528) has announced a positive profit forecast. The group expects to report a net profit for the first half of 2026 in the range of approximately RMB 18 million to RMB 27 million. This represents a significant turnaround from the net loss of RMB 2.108 billion incurred in the corresponding period ending June 30, 2025.

The company also projects that net profit attributable to shareholders for the first half of 2026 will be between RMB 13 million and RMB 20 million. This compares favorably to a net loss attributable to shareholders of roughly RMB 1.955 billion in the first half of 2025, marking a return to profitability.

Key Drivers of the Turnaround

During the first half of 2026, the company concentrated on its core business operations. The occupancy rates at its self-operated malls have gradually stabilized. Through ongoing efforts to reduce costs and enhance efficiency, the period expenses for the first half of 2026 were significantly lowered, leading to a marked improvement in the operational quality and profitability of individual malls, alongside better cash flow.

Property Market Stabilization

Concurrently, data from the National Bureau of Statistics indicates that housing price indicators continued to show marginal improvement in May 2026. The market valuation of investment properties has stabilized. As a result, losses from fair value changes on investment properties and impairment losses on related assets for the first half of 2026 narrowed substantially compared to the same period last year.

Taken together, these factors have contributed to the company's return to a net profit attributable to shareholders for the first half of 2026.