Red Star Macalline Group Corporation Ltd. 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 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 就 第2項 決 議 案，建 發 股 份 連 同 其 附 屬 公 司（直 接 及 間 接 持 有 合 共1,304,242,436股A股 股 份）須且已於臨時股東會就批准關 於2026年度與金融機構發生關聯交易額度預計的議案迴避 表 決。因 此，賦 予 持 有 人 權 利 出 席 臨 時 股 東 會 並 就 第2項 決 議案投票之股份總數為3,049,445,437股股份（本 公 司 回 購 證 券 賬戶中的A股股份不享有臨時股東會表決權）。賦予持有人權 利出席臨時股東會並就第1項，第3項及第4項決議案投票之 股份總數為4,353,687,8 ...

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2026年 第 一 次 臨 時 股 東 會 之 法 律 意 見 書》及《紅 星 美 凱 龍 家 居 集團股份有限公司關於註銷回購股份暨減少註冊資本通知債 ...

Core Viewpoint - Company Jianfa Co. is expected to report its first loss since its listing, with a projected negative net profit attributable to shareholders for the fiscal year 2025, primarily due to losses in its real estate business and increased impairment provisions [5][7]. Group 1: Supply Chain Operations - The company's supply chain operations continue to maintain steady profitability, with core commodity business volume showing growth. The overseas business, excluding mainland China, reached approximately $14 billion, reflecting a year-on-year increase of about 37% [6]. Group 2: Real Estate Subsidiary Performance - Subsidiary Lianfa Group is expected to report a negative net profit attributable to shareholders for 2025, as revenue from real estate projects is projected to decline year-on-year. This is compounded by the impact of high land prices from previous projects and increased inventory impairment provisions due to market fluctuations and aggressive promotions [6]. - Subsidiary Meikailong is also expected to report a negative net profit attributable to shareholders for 2025. The ongoing downturn in the real estate market has weakened demand in the home retail sector, leading to a significant decline in rental income and a reassessment of future rental yields, resulting in a substantial decrease in the fair value of investment properties [6].

1.公司供应链运营业务继续保持稳健盈利。2025年，公司大宗商品业务核心品类的经营总货量继续保持 增长；消费品业务与行业头部企业持续深化合作，业务规模稳步提升；公司销售目的地非中国大陆的海 外业务规模约140亿美元，同比增长约37%。 格隆汇1月16日丨建发股份(600153.SH)公布，公司财务部门初步测算，预计2025年度归属于母公司所有 者的净利润（以下简称"归母净利润"）为负值，主要系房地产业务子公司联发集团有限公司（以下简 称"联发集团"）年内结算利润为负、存货跌价准备计提增加，以及家居商场运营业务子公司红星美凯龙 家居集团股份有限公司（以下简称"美凯龙"）投资性房地产公允价值变动损失、各类减值准备计提增加 所致，供应链运营业务继续保持稳健盈利。具体情况如下： 3.子公司美凯龙预计2025年度归母净利润为负值。由于房地产市场持续低迷导致家居零售市场需求减 弱，近两年美凯龙租赁及管理收入持续低位震荡徘徊，租金水平较以往年度已出现较为显著的下滑，市 场情绪和租金预期发生了转变，因此美凯龙对未来租金的收益情况进行了预期调整，致使投资性房地产 价值大幅下降。同时，美凯龙根据各项资产最新可回收情况，对各类资产 ...

Core Viewpoint - The company expects a negative net profit attributable to the parent company for the fiscal year 2025, primarily due to losses in its real estate subsidiary and increased impairment provisions [1] Group 1: Financial Performance - The estimated net profit for 2025 is projected to be negative [1] - The negative profit is mainly attributed to the loss from the real estate subsidiary, Lianfa Group Co., Ltd. [1] - Increased provisions for inventory impairment are also contributing to the negative profit outlook [1] Group 2: Subsidiary Performance - The real estate subsidiary, Lianfa Group Co., Ltd., is expected to report a loss in profit recognition for the year [1] - The home furnishing mall subsidiary, Red Star Macalline Group Co., Ltd., is facing losses due to fair value changes in investment properties and increased impairment provisions [1] - The supply chain operation business continues to maintain stable profitability [1]

2.子公司联发集团预计2025年度归母净利润为负值。联发集团地产项目2025年度结转收入规模同比下 降，叠加前期高地价项目集中结转的影响，整体结算利润为负；同时受行业波动及加大力度促销去化等 因素影响，联发集团计提的存货跌价准备预计将大幅增加，导致业绩进一步承压。 格隆汇1月16日丨建发股份(600153.SH)公布，公司财务部门初步测算，预计2025年度归属于母公司所有 者的净利润（以下简称"归母净利润"）为负值，主要系房地产业务子公司联发集团有限公司（以下简 称"联发集团"）年内结算利润为负、存货跌价准备计提增加，以及家居商场运营业务子公司红星美凯龙 家居集团股份有限公司（以下简称"美凯龙"）投资性房地产公允价值变动损失、各类减值准备计提增加 所致，供应链运营业务继续保持稳健盈利。具体情况如下： 1.公司供应链运营业务继续保持稳健盈利。2025年，公司大宗商品业务核心品类的经营总货量继续保持 增长；消费品业务与行业头部企业持续深化合作，业务规模稳步提升；公司销售目的地非中国大陆的海 外业务规模约140亿美元，同比增长约37%。 3.子公司美凯龙预计2025年度归母净利润为负值。由于房地产市场持续低迷导致家 ...

Core Viewpoint - The company expects a negative net profit attributable to the parent company for the fiscal year 2025, primarily due to losses in its real estate subsidiary and increased impairment provisions [1] Group 1: Financial Performance - The estimated net profit for 2025 is projected to be negative [1] - The negative profit is mainly attributed to the losses from the real estate subsidiary, Lianfa Group Co., Ltd. [1] - Increased provisions for inventory write-downs are also contributing to the negative outlook [1] Group 2: Business Segments - The home furnishing business segment, represented by Red Star Macalline Group Corporation Limited, is facing losses due to fair value changes in investment properties and increased impairment provisions [1] - The supply chain operation business continues to maintain stable profitability [1]

Core Viewpoint - The company expects a negative net profit attributable to shareholders for the fiscal year 2025 due to various operational challenges and losses in subsidiaries [1] Group 1: Financial Performance - The supply chain operations remain profitably stable, while the bulk commodity business shows an increase in volume [1] - The consumer goods business has seen a scale-up, and overseas business revenue is approximately $14 billion, reflecting a year-on-year growth of about 37% [1] Group 2: Subsidiary Challenges - The subsidiary Lianfa Group is facing a decline in revenue from real estate project completions and an increase in inventory impairment provisions, contributing to the expected negative net profit [1] - Meikailong is experiencing losses due to changes in the fair value of investment properties and increased impairment provisions, which also impacts the overall net profit forecast for the company [1]

Core Viewpoint - The report highlights the premium rates of AH shares, with Northeast Electric, Zhejiang Shibao, and Junda Co. leading in premium rates, while CATL, Heng Rui Medicine, and China Merchants Bank are at the bottom of the list [1] Group 1: Top AH Share Premium Rates - Northeast Electric (00042) has a premium rate of 800.00% with a deviation value of -61.15% [1] - Zhejiang Shibao (01057) has a premium rate of 407.30% with a deviation value of 42.48% [1] - Junda Co. (02865) has a premium rate of 329.76% with a deviation value of 109.58% [1] - Other notable companies include Hongye Futures (03678) with a premium rate of 264.62% and Sinopec Oilfield Service (01033) with a premium rate of 264.47% [1] Group 2: Bottom AH Share Premium Rates - CATL (03750) has a premium rate of -12.92% with a deviation value of -1.93% [1] - Heng Rui Medicine (01276) has a premium rate of -3.34% with a deviation value of -4.08% [1] - China Merchants Bank (03968) has a premium rate of -1.62% with a deviation value of 0.25% [1] - Other companies with low premium rates include Wu Chai Power (02338) with a premium rate of 6.54% and Midea Group (00300) with a premium rate of 7.80% [1] Group 3: Top AH Share Deviation Values - Junda Co. (02865) leads with a deviation value of 109.58% [1] - Zhejiang Shibao (01057) follows with a deviation value of 42.48% [1] - Goldwind Technology (02208) has a deviation value of 41.46% [1] - Other companies with significant deviation values include Jinju Group (02009) with 22.71% and Guanghetong (00638) with 17.96% [1] Group 4: Bottom AH Share Deviation Values - Northeast Electric (00042) has the lowest deviation value at -61.15% [1] - Nanhua Futures (02691) follows with -40.56% [1] - Chenming Paper (01812) has a deviation value of -23.42% [1] - Other companies with negative deviation values include Jinli Permanent Magnet (06680) at -17.16% and Guolian Minsheng (01456) at -15.36% [1]

智通财经APP获悉，2026年1月16日，港股上市公司投资日志如下： 股本增发 首都创投 （除权日） | 类别 | | 公司 | | --- | --- | --- | | | 龙旗科技 | | | 新股活动 | (招股中) | | | | 云想科技 | | | 业绩公布日 | 靛蓝星 | | | | 汇聚科技 | | | | 罗马元宇宙集团 | | | | GOLDWAY EDU | | | | 中国信达 | | | | 长城汽车 | | | 股东大会召开日 | OSL集团 | | | | 找钢集团-W | | | | 惠陶集团 | | | | 惠陶集团 | | | | 红星美凯龙 | | | | 万成集团股份 （派息日） 四洲集团 | | | | （派息日） | | | | 羚邦集团 | | | 分红派息 | （派息日） | | | | 金源发展国际实业 | | | | （派息日） | | | | 重庆银行 | | | | （派息日） | | ...