HK Stock Market Move | Red Star Macalline Group Corporation (01528) opened more than 7% higher after its performance. The net profit attributable to the parent in the first quarter was 47.6776 million yuan. The operational quality of individual shopping malls has significantly improved.

Red Star Macalline Group Corporation (01528) opened more than 7% higher after the performance announcement, and as of the time of writing, it was up 7.41% to HK$1.45 with a turnover of HK$1.4474 million. On the news front, on April 27, Red Star Macalline Group Corporation released its performance for the three months ending March 31, 2026. The group achieved operating income of HK$1.548 billion, a decrease of 4.15% year-on-year; net profit attributable to shareholders of the parent company was HK$47.6776 million, compared to a loss of HK$5.13 billion in the same period last year; basic earnings per share was HK$0.01. The decrease in operating income was mainly due to a decrease in the number of shopping malls compared to the same period last year, and the slowing progress of other business segment projects also had an overall impact on the operating income for the reporting period. However, with the rental price of commercial properties stabilizing and the occupancy rate continuing to rise, the company's main business has improved, and the operating quality of individual shopping malls has significantly increased. Due to these factors, overall changes in operating income were relatively small compared to the same period last year.