美凯龙(601828.SH)发布公告，截至2025年12月31日，公司经营74家自营商场，218家不同管理深度的委 管商场，通过战略合作经营7家家居商场，此外，公司以特许经营方式授权19家特许经营家居建材项 目，共包括345家家居建材店/产业街。 美凯龙(601828.SH)发布公告，截至2025年12月31日，公司经营74家自营商场，218家不同管理深度的委 管商场，通过战略合作经营7家家居商场，此外，公司以特许经营方式授权19家特许经营家居建材项 目，共包括345家家居建材店/产业街。 ...

Core Viewpoint - The company, Meikailong, has announced its operational structure and strategic partnerships, indicating a robust expansion in the home furnishing sector by the end of 2025 [1] Group 1: Operational Structure - By December 31, 2025, the company will operate 74 self-owned shopping malls [1] - The company will manage 218 shopping malls with varying management depths [1] - Strategic partnerships will lead to the operation of 7 home furnishing shopping malls [1] Group 2: Franchise and Licensing - The company will authorize 19 franchise home furnishing and building materials projects [1] - This includes a total of 345 home furnishing and building materials stores/industrial streets [1]

红星美凯龙家居集团股份有限公司 注 1：公司持有山东银座家居有限公司 46.5%股权，与山东省商业集团有限 公司并列为山东银座家居有限公司第一大股东。截至 2025 年 12 月 31 日，山东 银座家居有限公司及其下属控股子公司在中国境内合计运营 7 处家居商场。战略 合作经营商场是指公司基于战略目的考虑，通过与合作方共同投资、共同持有物 业并且共同经营的家居商场。 注2：特许经营家居建材项目指公司以特许经营方式开业经营的家居建材店、 家居建材产业街。对于该类特许经营家居建材项目，公司部分参与项目开业后的 日常经营管理。 注 3：家居建材店/产业街指公司在综合考虑经营物业物理形态、经营商品 品类等情况下，从便于经营管理角度出发,将拥有独立场馆标识的家居建材店及 街区称作家居建材店/产业街。 证券代码：601828 证券简称：美凯龙 公告编号：2026-001 红星美凯龙家居集团股份有限公司 截至 2025 年 12 月 31 日止商场数量的 提示性公告 本公司董事会及全体董事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。 截至 2025 年 12 ...

Core Viewpoint - The company, Meikailong (601828), announced its operational status as of December 31, 2025, detailing its management of various types of shopping malls and stores [1] Group 1: Operational Overview - The company operates 74 self-owned shopping malls [1] - It manages 218 shopping malls with varying depths of management [1] - The company has strategic partnerships for operating 7 home furnishing malls [1] - It has authorized 19 franchised home furnishing and building materials projects [1] - In total, the company oversees 345 home furnishing and building materials stores/industrial streets [1]

Core Viewpoint - The company is leveraging government subsidy policies to reduce consumer purchasing costs, stimulate demand, and enhance sales and tenant confidence, leading to improved rental rates in its malls [1][2]. Group 1: Government Policies and Market Impact - The continuous optimization of national subsidy policies directly lowers consumer costs, stimulates demand, and effectively increases foot traffic in malls, thereby boosting sales and enhancing merchant confidence [1]. - The company is actively including its malls in government subsidy lists, positioning them as key channels for policy implementation [1]. Group 2: Business Performance and Strategy - As a result of improved merchant sales, the average occupancy rate of the company's self-operated malls increased from 83% at the beginning of the year to 84.72% by the third quarter of 2025, indicating stabilization and improvement in core operational metrics [1]. - The company has established over 150 smart appliance pavilions and has deepened partnerships with leading brands, reinforcing its essential channel position in the industry [2]. - The expansion of policy coverage to smart home and elderly-friendly products aligns with the company's "3+Star Ecosystem" strategy, allowing it to diversify into new business areas such as high-end appliances and automotive integration [2]. - For the first nine months of 2025, the company reported revenue of 4.969 billion yuan, a year-on-year decline of 18.62%, and a net loss of 3.143 billion yuan [2].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 紅星美凱龍家居集團股份有限公司 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01528 | 說明 | H 股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 741,285,634 | RMB | | 1 RMB | | 741,285,634 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 741,285,634 | RMB | | 1 RMB | | 741,285,634 | | 2. 股份分類 | 普通股 | 股份類別 | ...

证券日报网讯 1月5日，美凯龙在互动平台回答投资者提问时表示，红星控股的重整主要是股东层面的 债务梳理，对上市公司美凯龙的日常经营和财务状况没有直接重大影响。美凯龙与红星控股在业务、人 员、资产、机构、财务等方面严格分开，独立运作。公司的第一大股东暨控股股东仍是厦门建发股份有 限公司，公司治理结构稳定，发展战略由建发股份主导，目前稳步推进中。 （文章来源：证券日报） ...

Core Viewpoint - The announcement by Meikailong regarding the launch of commercial real estate REITs marks a significant strategic development for companies holding quality commercial properties [1] Group 1: Regulatory Developments - On December 31, 2025, the China Securities Regulatory Commission officially released important documents to promote the high-quality development of the REITs market [1] - This marks the initiation of pilot programs for commercial real estate REITs, which is crucial for the industry [1] Group 2: Company Strategy - The company is collaborating with relevant intermediary institutions to select suitable commercial real estate projects for the early implementation of commercial real estate REITs [1] - The company commits to timely and compliant disclosures regarding any progress made in this area [1]

Group 1 - The core viewpoint of the article is that Red Star Macalline is actively pursuing the issuance of commercial real estate REITs, which is strategically significant for companies holding quality commercial properties [1] - Red Star Macalline is collaborating with relevant intermediaries to select suitable commercial real estate projects to expedite the launch of the REITs project, with plans to disclose progress in compliance with regulations [1] - As of June 30, 2025, Red Star Macalline operates 76 self-owned malls, 235 managed malls, 7 strategic cooperation malls, and 23 franchised home improvement projects, totaling 369 home improvement stores/industrial streets across 189 cities, with a total operating area of 19.36 million square meters [1]

Core Viewpoint - The company is leveraging government subsidy policies to reduce consumer purchasing costs, stimulate demand, and enhance sales and tenant confidence, leading to improved rental rates [1] Group 1: Government Policies and Market Impact - The continuous optimization of national subsidy policies directly lowers consumer costs, stimulates demand, and effectively increases foot traffic in malls [1] - The company is actively including its malls in government subsidy lists, positioning them as key channels for policy implementation [1] Group 2: Business Performance and Metrics - As a result of improved merchant sales, the average rental rate of the company's self-operated malls increased from 83% at the beginning of the year to 84.72% by the third quarter of 2025 [1] - Core operational indicators are stabilizing and showing positive trends [1] Group 3: Strategic Initiatives and New Business Development - The company has established over 150 smart appliance stores and is deeply integrated with leading brands, reinforcing its position as a critical industry channel [1] - The expansion of policy coverage to smart home and elderly-friendly products aligns with the company's "3+Star Ecosystem" strategy, allowing for the development of new business areas such as high-end appliances, smart home solutions, elderly care facilities, and automotive integration [1] - The influx of customer traffic and sales from these policies enhances the company's brand strength and expansion capabilities in light-asset models like managed malls and franchising, enabling growth with lower capital expenditure [1]