Red Star Macalline Group Corporation (01528) has 16 self-operated shopping malls in preparation as of the 2024 fiscal year, with a planned construction area of approximately 2.63 million square meters.

Red Star Macalline Group Corporation (01528) announced that as of December 31, 2024, the company operated 77 self-operated shopping malls, 257 managed shopping malls with different levels of management depth, and operated 7 home furnishing malls through strategic cooperation. In addition, the company has authorized 33 franchised home furnishing projects, totaling 405 home furnishing stores/industrial streets. During the reporting period, the company opened 1 self-operated shopping mall in Chengdu, Sichuan, and closed 6 shopping malls in Xiamen, Fujian, Tangshan, Hebei, Yangquan, Shanxi, Nantong, Jiangsu, Weifang, Shandong, and Nanchang, Jiangxi. 5 shopping malls were converted from self-operated to managed, located in Weihai, Shandong, Taiyuan, Shanxi, Wuhai, Inner Mongolia, Shenzhen, Guangdong, and Yangzhou, Jiangsu. 2 new managed shopping malls were opened in Zhaotong, Yunnan, and Chizhou, Anhui, while 21 shopping malls were closed in Laiyang, Shandong, Chengdu, Sichuan, Rongcheng, Shandong, Fuzhou, Fujian, Changge, Henan, Xi'an, Shaanxi, Xinghua, Jiangsu, Shaoyang, Hunan, Xiantao, Hubei, Korla, Xinjiang, Beihai, Guangxi, Huangshi, Hubei, Zhangye, Gansu, Lu'an, Anhui, Taian, Shandong, Shaoguan, Guangdong, Handan, Hebei, Huai'an, Jiangsu, Yancheng, Jiangsu, Hefei, Anhui, and Shijiazhuang, Hebei. 4 managed shopping malls were converted to franchised, located in Changde, Hunan, Huanggang, Hubei, Huangshi, Hubei, and Yibin, Sichuan. As of December 31, 2024, the company has 16 self-operated shopping malls under preparation (13 owned, 3 leased), with a planned construction area of approximately 2.63 million square meters (subject to the final approved construction area in government permit documents). Among the planned managed shopping malls, 269 managed contract projects have obtained land use certificates/land parcels. The company's operating self-operated shopping malls generated operating income of RMB 5.462 billion during the reporting period, a decrease of 21.5% compared to the same period last year, with a gross profit margin of 68.7%, a decrease of 3.3 percentage points compared to the same period in 2023.