证券代码：601828 证券简称：美凯龙公告编号：2025-087 红星美凯龙家居集团股份有限公司 关于持股5%以上股东减持时间届满暨减持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ■ 上述减持主体存在一致行动人： ■ ● 大股东持股的基本情况 本次减持计划实施前，红星美凯龙家居集团股份有限公司（以下简称"公司"）股东杭州灏月企业管理有 限公司（以下简称"杭州灏月"）为持有公司股份5%以上股东，且杭州灏月与Taobao China Holding Limited（以下简称"淘宝控股"）、New Retail Strategic Opportunities Investments 4 Limited（以下简称"新 零售基金"）为一致行动人，合计持有公司股份405,370,206股，约占公司总股本的9.31%。其中，杭州 灏月持有公司股份290,747,243股，约占公司总股本的6.68%；一致行动人淘宝控股持有公司股份 72,311,482股，约占公司总股本的1.66%；一致行动人新零 ...

（文章来源：证券日报） 证券日报网讯 12月1日晚间，美凯龙发布公告称，持股5%以上股东杭州灏月企业管理有限公司于2025 年9月10日至11月18日通过集中竞价减持43，547，300股、大宗交易减持12，126，000股，合计减持 55，673，300股，占公司总股本1.28%，减持总金额153，579，800元，减持计划时间区间届满并已实 施完毕。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致之任何損失承擔任 何責任。 Red Star Macalline Group Corporation Ltd. 紅星美凱龍家居集團股份有限公司 （一家於中華人民共和國註冊成立的中外合資股份有限公司） （股份代號：1528） 海外監管公告 本公告乃由紅星美凱龍家居集團股份有限公司（「本公司」）根據香港聯合交易所有 限公司證券上市規則第13.10B條作出。 以下為本公司於上海證券交易所網站刊發之《紅星美凱龍家居集團股份有限公司 關於持股5%以上股東減持時間屆滿暨減持股份結果公告》，僅供參閱。 承董事會命 紅星美凱龍家居集團股份有限公司 李玉鵬 董事長 中國上海，2025年12月1日 於本公告日期，本公司的執行董事為李玉鵬、施姚峰及楊映武；非執行董事為葉衍榴、鄒少榮、車建興及徐國峰； 獨立非執行董事為薛偉、黃建忠、陳善昂、黃志偉及蔡慶輝；及職工董事為鄭建傑。 证券代码：601828 证券简称：美凯龙 公告编号：2025-087 红星美凯 ...

格隆汇12月1日丨美凯龙(601828.SH)公布，公司于近日收到杭州灏月出具的《股份减持结果告知函》， 截止2025年11月30日，其已通过集中竞价、大宗交易方式合计减持公司股份5567.33万股，合计减持比 例占公司当前总股本的1.28%。其中，通过集中竞价方式减持公司股份4354.73万股，占公司当前总股本 的1.00%；通过大宗交易方式减持公司股份1212.6万股，占公司当前总股本的0.28%。 截止本公告披露日，公司持股5%以上股东杭州灏月及其一致行动人合计持有公司股份数量3.50亿股， 占公司当前总股本的8.03%。本次减持计划时间区间已届满，减持计划已实施完毕。 ...

证券代码：601828 证券简称：美凯龙 公告编号：2025-087 红星美凯龙家居集团股份有限公司 关于持股 5%以上股东减持时间届满暨减持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 大股东持股的基本情况 本次减持计划实施前，红星美凯龙家居集团股份有限公司（以下简称"公司"） 股东杭州灏月企业管理有限公司（以下简称"杭州灏月"）为持有公司股份 5%以 上股东，且杭州灏月与 Taobao China Holding Limited（以下简称"淘宝控股"）、 New Retail Strategic Opportunities Investments 4 Limited（以下简称"新 零售基金"）为一致行动人，合计持有公司股份 405,370,206 股，约占公司总股 本的 9.31%。其中，杭州灏月持有公司股份 290,747,243 股，约占公司总股本的 6.68%；一致行动人淘宝控股持有公司股份 72,311,482 股，约占公司总股本的 1.66%；一致行动人新零售基金持有公司 ...

每经AI快讯，12月1日，美凯龙（601828）(601828.SH)公告称，公司持股5%以上股东杭州灏月企业管 理有限公司已完成减持计划，9月10日～11月18日合计减持5567.33万股，减持比例1.28%，减持价格区 间为2.48元/股至2.85元/股。 ...

来源：市场资讯 （来源：定制观察） 当红星美凯龙2025年第三季度财报缓缓展开，一组数据揭开了这家家居巨头在行业存量时代的艰难处 境：单季营收49.69亿元，同比下降18.6%，归母净利润亏损31.43亿元，同比下降66.55%，前三季度累 计关闭33家商场。这份成绩单如同一面镜子，映照出传统家居卖场在存量市场与消费模式变革双重夹击 下的困境。 数据来源红星美凯龙2025年第三季度财报 细读这份财报，可以发现红星美凯龙正经历着转型阵痛。31.43亿元的归母净亏损中，投资性房地产公 允价值下降贡献了33.27亿元的窟窿——这既是房地产周期波动的直接冲击，也折射出家居行业与地产 市场的深度捆绑之困。营收同比下滑18.6%至49.69亿元，背后是公司主动收缩建筑装饰等非核心业务的 战略取舍，也是存量市场下租金单价承压的现实写照。 面对困局，红星美凯龙开启了一场全方位的自救。其突围策略沿着三条主线展开： 首先是"断臂求生"聚焦核心业务。关闭33家商场的收缩战线，本质上是将资源重新配置到更具潜力的赛 道。当传统家居零售增长见顶，电器生活馆、新能源汽车展厅、M+设计中心等新业态成为新的增长引 擎。截至三季度，智能电器馆已 ...

Core Viewpoint - Meikailong's stock price has experienced a decline of 16.51% year-to-date, with significant losses in revenue and net profit reported for the first nine months of 2025 [1][2]. Group 1: Stock Performance - On November 26, Meikailong's stock rose by 2.29%, reaching 2.68 CNY per share, with a trading volume of 35.94 million CNY and a turnover rate of 0.38%, resulting in a total market capitalization of 11.671 billion CNY [1]. - The stock has seen a decline of 1.11% over the last five trading days, 4.29% over the last 20 days, and 13.27% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Meikailong reported operating revenue of 4.969 billion CNY, a year-on-year decrease of 18.62%, and a net profit attributable to shareholders of -3.143 billion CNY, down 66.55% year-on-year [2]. - Cumulative cash dividends since the A-share listing amount to 3.901 billion CNY, with 348 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of Meikailong's shareholders decreased by 3.86% to 53,900, with an average of 0 circulating shares per person [2]. - The ninth largest circulating shareholder, Hong Kong Central Clearing Limited, holds 15.541 million shares, a decrease of 2.927 million shares compared to the previous period [3].

Core Viewpoint - Since the transformation initiated in 2024, the company has been building a new home furnishing ecosystem to reverse the declining revenue trend, with financial data for the first three quarters of 2025 showing stable gross margins but declining revenue and net profit margins, indicating ongoing growth pressures from non-operational factors [1] Overall Performance - In the first three quarters of 2025, the company's cumulative revenue was 4.969 billion RMB, a year-on-year decline of 18.6%, with quarterly revenue showing a gradual slowdown in the rate of decline [2] - The gross margin for the first three quarters reached 61.9%, an increase of 2.5 percentage points year-on-year, while the net profit margin was -63.3%, a decrease of 32.4 percentage points year-on-year, primarily due to significant losses from fair value changes in investment properties amounting to approximately 3.33 billion RMB [2] - The fair value loss in the third quarter alone was 1.231 billion RMB, with the first half of the year accounting for 2.042 billion RMB, indicating a strong impact from fluctuations in the real estate market [2] Impairment Losses - Total impairment losses amounted to approximately 170 million RMB, including credit impairment losses of 100 million RMB and asset impairment losses of 74 million RMB [3] Cash Flow and Debt Structure - The company's operating cash flow turned positive in the first three quarters of 2025, with a year-on-year increase of 221.1%, indicating an improvement in operational conditions [7] - As of September 30, the company's cash reserves reached 3.74 billion RMB, with a year-on-year increase in the debt-to-asset ratio by 2 percentage points, while short-term borrowings and current liabilities decreased by 3.277 billion RMB compared to the end of the previous year [7] Operational Highlights - Excluding non-operational factors, the operating profit from core business activities such as mall leasing and operations was approximately 200 million RMB, doubling from about 100 million RMB in the same period last year, indicating a significant improvement in core business profitability [10] - The revenue structure of the core business has been optimized, with the revenue contribution from self-owned malls increasing by 6 percentage points year-on-year, while other malls and business revenues declined [12] - The company has established a certain scale in new business areas such as electrical appliances and automotive sectors, laying a foundation for post-transformation operations [13] - Cost control measures have shown significant results, with sales expenses down by 18%, management expenses down by 19.9%, and financial expenses down by 10.3% in the first three quarters of 2025 [13] Business Expansion - The electrical appliance business area has exceeded 10%, and the company has partnered with over 30 automotive companies and platforms, with the automotive business area covering more than 260,000 square meters across 44 cities [16] - The M+ Design Center has been established with a total area of 731,000 square meters, attracting over 1,000 design studios and nearly 5,000 designers, positioning high-end design as a business hub [16] - The company aims to incubate new automotive business tracks within three years, targeting a total operating area of over 1 million square meters for the automotive sector [16]

Group 1 - The core point of the announcement is that Meikailong has stated that the company and its controlling subsidiaries have no overdue guarantees [1] Group 2 - The announcement was made on the evening of November 21 [1] - The source of the information is Securities Daily [2]