Changes in Hong Kong stocks | Red Star Macalline (01528) rose more than 9%, and the company's A shares rose and stopped, and the retail industry recently welcomed positive developments

The Zhitong Finance App learned that Red Star Macalline (01528) rose more than 9%, and the company's A shares rose or stopped. As of press release, it rose 9.48% to HK$1.27, with a turnover of HK$75,188,800.

According to public information, Macalline is a leading domestic home decoration and furniture mall operator and pan-home business platform service provider. By the end of '24, the company operated 77 self-operated shopping malls, 257 managed shopping malls with different management depths, and operated 7 home furnishing stores through strategic cooperation. In addition, the company authorized 33 home building materials projects through franchises, including a total of 405 home building materials stores/industrial streets. The company introduced new shareholders C&D Co., Ltd. and MediaTek Group in June 2023. C&D Co., Ltd. is a local state-owned enterprise in Xiamen.

Recently, the Ministry of Commerce has been positive in setting the tone for the retail industry. Macalline previously stated in the investor relations activity record sheet that the company has vigorously promoted various strategic plans such as 3+ Star Ecology, actively adjusted the layout of shopping malls, and expanded various business formats from the household category to home appliances, home improvement, new energy vehicles, and catering. In the future, the company will also focus on youthful transformation and introduce more diverse business formats, including innovative business formats such as two-dimensional themed home furnishing centers, trendy design zones, living solution centers for young people living alone, and pet-friendly home experience zones.