Red Star Macalline Group Corporation Ltd Class H (HK:1528) has released an update.
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Red Star Macalline Group Corporation Ltd reported a significant decline in revenue for the nine months ending September 2024, with figures dropping from RMB 8.67 billion to RMB 6.10 billion compared to the previous year. The company’s total profit also suffered, showing a loss of RMB 2.05 billion, partly due to increased impairment losses and reduced investment income. Despite the challenging financial performance, the company continues to navigate the complex market environment.
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