---
title: "Red Star Macalline Trims Mall Network While Maintaining Broad National Footprint in Q1 2026"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284220046.md"
description: "Red Star Macalline Group Corporation Ltd (HK:1528) reported its Q1 2026 operating statistics, revealing a network of 73 portfolio shopping malls, 214 managed malls, and 6 strategic cooperation malls. The company closed several locations, including one portfolio mall in Chengdu and four managed malls in various provinces, indicating a strategic optimization of its mall portfolio in China's home furnishing market. The company's current market cap is HK$10.74B, with a year-to-date price performance of 6.56%."
datetime: "2026-04-27T12:49:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284220046.md)
  - [en](https://longbridge.com/en/news/284220046.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284220046.md)
---

# Red Star Macalline Trims Mall Network While Maintaining Broad National Footprint in Q1 2026

### Claim 55% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

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

### Related Stocks

- [601828.CN](https://longbridge.com/en/quote/601828.CN.md)
- [01528.HK](https://longbridge.com/en/quote/01528.HK.md)

## Related News & Research

- [Red Star Macalline Expands Connected Contract Management Deal With Xuzhou RSHFP](https://longbridge.com/en/news/283031736.md)
- [Red Star Macalline Swings to Profit in First Quarter of 2026](https://longbridge.com/en/news/284219806.md)
- [M/I HOMES ANNOUNCES ELECTION OF GENE SMITH TO BOARD OF DIRECTORS | MHO Stock News](https://longbridge.com/en/news/286806285.md)
- [15:34 ETCHICKEN SALAD CHICK CONTINUES TEXAS EXPANSION EFFORTS, OPENING NEW RESTAURANT IN BOERNE](https://longbridge.com/en/news/286810998.md)
- [Trust, Not Technology, Now Drives QR Code Scanning Behavior, Survey Finds](https://longbridge.com/en/news/286590433.md)