1528.HK Red Star Macalline Group Corporation Ltd.

Margins & Returns

Red Star Macalline Group Corporation Ltd. is primarily involved in operating and managing shopping malls focused on home improvement and furnishing across Mainland China. The company's operations are structured into five distinct segments: directly owned or leased portfolio shopping malls, managed shopping malls, construction and design services, home decoration and merchandise sales, and other related ventures. By the close of 2021, its extensive network comprised 95 owned/leased malls and 278 managed shopping centers. Complementing these, it had established 10 home furnishing shopping malls through strategic cooperation and maintained 485 specialized stores or industry streets for home improvement materials. Beyond its core mall activities, the company provides diverse services. These include leasing retail space to tenants, selling home furnishing products, and offering associated decorating services. Its broader offerings also span home decoration and design solutions, along with internet retail. Furthermore, Red Star Macalline provides a range of business support services such as site leasing management, warehouse logistics, industrial investment, exhibition organization, advertising, accounts receivable financing, and enterprise management and consultancy. The company also extends into network technology, loan provision, import and export, engineering design, supply chain and brand management, cultural and artistic exchange, and information science and technology development, alongside its e-commerce operations. Established in 1992, the company is headquartered in Shanghai, People's Republic of China. It adopted its current name, Red Star Macalline Group Corporation Ltd., in 2011, having previously been known as Shanghai Red Star Macalline Home Living and Decorating Company Limited. Red Star Macalline Group Corporation Ltd. operates as a subsidiary of Red Star Macalline Holding Group Company Limited.