On the evening of October 30, Red Star Macalline Group Corporation Ltd. (601828.SH, 01528.HK) released its third-quarter financial report for 2025. In the first three quarters of 2025, the company achieved operating revenue of RMB4.969 billion, with net operating cash flow reaching RMB643 million, marking two consecutive quarters of positive performance.
Under the leadership of its new management team, Red Star Macalline has significantly improved its asset quality. In the first nine months of the year, financial expenses decreased by RMB187 million year-on-year, credit impairment losses narrowed by RMB564 million, and asset impairment losses reduced by RMB22 million. As of the end of September, the company's cash reserves stood at RMB3.744 billion, while short-term borrowings and non-current liabilities due within one year collectively declined by RMB3.277 billion compared to the end of the previous year.
The company's refined management and cost-reduction initiatives have yielded notable results. According to the financial report, sales expenses in the first three quarters of 2025 amounted to RMB618 million, down 18.05% year-on-year, while administrative expenses fell 19.92% to RMB600 million. Financial expenses also decreased by 10.23% to RMB1.642 billion.
Currently, Red Star Macalline is steadily advancing its "3+ Star Ecosystem" strategy, introducing high-end appliances, home design, automobiles, and dining categories to create a closed-loop lifestyle scenario encompassing "home buying—settling in—travel."
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