Zhi Tong Cai Jing·2026-01-16 14:54Core Viewpoint - The company, Red Star Macalline (601828), anticipates a negative net profit attributable to shareholders for the fiscal year 2025 due to a prolonged downturn in the real estate market, which has weakened demand in the home retail sector [1] Group 1: Financial Performance - The company expects a significant decline in rental and management income, which has remained low over the past two years [1] - Rental levels have experienced a notable drop compared to previous years, leading to a shift in market sentiment and rental expectations [1] - As a result of these factors, the company has adjusted its expectations for future rental income, resulting in a substantial decrease in the value of investment properties [1] Group 2: Asset Valuation - The company has conducted a preliminary assessment of the recoverable amounts of various assets as of the end of 2025, leading to the recognition of impairment provisions [1] - This assessment reflects the latest recoverable situation of the assets, contributing to the anticipated losses in the consolidated net profit for 2025 [1]