Merkur: Net profit in the first quarter was RMB 47.6776 million, compared to a loss of RMB 0.513 billion in the same period last year.

Announcement from MACALLINE: In the first quarter of 2026, the operating revenue was 1.548 billion yuan, a year-on-year decrease of 4.15%. Net profit was 47.6776 million yuan, compared to a loss of 513 million yuan in the same period last year. The attributable net profit for the first quarter of 2026 has significantly improved compared to the same period last year, rising from a loss of 513 million yuan to 48 million yuan in this reporting period. This improvement is mainly due to the significant improvement in the profitability of individual shopping malls, a substantial narrowing of fair value changes in investment properties, as well as continuous efforts by the company to reduce costs and increase efficiency, lower financing costs, and significantly reduce operating expenses.