Red Star Macalline (01528) It was announced that as of September 30, 2023, the company had operated 89 self operated stores, 278 entrusted stores, and 8 home furnishing stores through strategic cooperation. In addition, the company authorized 51 franchise home furnishing building materials projects through franchise, including 457 home furnishing building materials stores/industrial streets.
During the reporting period, the company did not open any new self operated stores, closed 3 stores, and transferred 2 stores from self operated to entrusted management; The entrusted shopping malls opened 6 new shopping malls, closed 12 shopping malls, and transferred 2 shopping malls from entrusted management to franchise.
As of September 30, 2023, the company has 18 self operated malls under preparation (including 15 self owned malls and 3 leased malls), with a planned floor area of about 2.87 million square meters (the final floor area approved by the government license document shall prevail); Among the prepared entrusted malls, 298 entrusted contracted projects have obtained land use rights/land plots.
In the first three quarters of 2023, the company's self operated shopping malls that have opened during the reporting period achieved an operating income of 5.369 billion yuan, a year-on-year decrease of 16.4%, and a gross margin of 72.3%, 2.1 percentage points less than the gross margin of the same period in 2022.
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