---
title: "Red Star Macalline Swings to Profit in First Quarter of 2026"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284219806.md"
description: "Red Star Macalline Group Corporation Ltd reported a profit of RMB 168 million for Q1 2026, recovering from previous losses. Revenue was RMB 1.55 billion, slightly down from last year. The profit increase was attributed to lower costs, reduced expenses, and improved investment income. The company is stabilizing its operations in a challenging retail environment, easing concerns for stakeholders. Red Star Macalline operates in the home improvement and furniture retail sector in China, with a current market cap of HK$10.74 billion and a year-to-date price performance of 6.56%."
datetime: "2026-04-27T12:49:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284219806.md)
  - [en](https://longbridge.com/en/news/284219806.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284219806.md)
---

# Red Star Macalline Swings to Profit in First Quarter of 2026

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Red Star Macalline Group Corporation Ltd Class H ( (HK:1528) ) has shared an announcement.

Red Star Macalline Group Corporation Ltd. reported unaudited results for the three months ended 31 March 2026, showing revenue of RMB 1.55 billion, slightly down from a year earlier. However, the company swung from a substantial loss to an operating profit of RMB 157 million and total profit of RMB 168 million, supported by lower cost of sales, reduced selling and administrative expenses, and an improvement in investment income and fair value movements.

The results indicate a notable recovery in profitability compared with the same period in 2025, when the group posted significant losses. The combination of cost discipline, lower impairments and an improved performance from investments and fair value items suggests that the company is stabilising its operations, which may ease pressure on stakeholders concerned about previous losses and its financial resilience in a challenging retail and property-related environment.

**More about Red Star Macalline Group Corporation Ltd Class H**

Red Star Macalline Group Corporation Ltd. is a PRC-based sino-foreign joint stock company listed in Hong Kong and Shanghai, operating in the home improvement and furniture retail and shopping mall sector. The group focuses on operating and managing large-scale home furnishing malls and related services across China, serving both branded merchants and end-consumers in the domestic home décor and furniture market.

**YTD Price Performance:** 6.56%

**Average Trading Volume:** 4,567,333

**Technical Sentiment Signal:** Strong Sell

**Current Market Cap:** HK$10.74B

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