Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
601828.SS
STRONG SELLREMOVERed Star Macalline Group Corporation Ltd. · Real Estate · China · $1.6B · Avg Vol: $12M/d
Red Star Macalline is a highly leveraged furniture mall operator suffering from the structural downturn in the Chinese real estate sector, failing all quality and moat criteria.
COMPANY DESCRIPTION
Red Star Macalline Group Corporation Ltd. is the largest operator of home improvement and furniture shopping malls in China. The company maintains a dominant market position by combining self-owned malls in tier-1 cities with a highly scalable franchised model in lower-tier cities. Its strong brand equity and nationwide footprint make it the preferred partner for domestic and international home furnishing brands.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 2.1B | 1.7B | 1.2B | 973M | -22.5% |
| EPS | 0.02 | -0.08 | -0.12 | -0.82 | — |
| Shares | 4.4B | 4.4B | 4.4B | 4.4B | -0.0% |
| Debt | 5.6B | 5.6B | 4.6B | 6.4B | 4.1% |
| Equity | 8.0B | 7.7B | 7.1B | 3.5B | -24.0% |
| Op CF | 573M | 349M | 32M | 121M | -40.5% |
| Inv CF | 102M | 104M | 93M | -91M | — |
| Fin CF | -1.2B | -468M | -36M | -77M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of 601828.SS are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 601828.SS | Red Star Macalline Group Corporation Ltd.(you) | $1.6B | 15 | STRONG SELL |
| 000058.SZ | Shenzhen SEG Co.,Ltd | $1.3B | 8 | STRONG SELL |
| 600657.SS | Cinda Real Estate Co., Ltd. | $1.2B | 7 | STRONG SELL |
| 600603.SS | Guanghui Logistics Co.Ltd | $824M | 14 | STRONG SELL |
| 600604.SS | Shanghai Shibei Hi-Tech Co.,Ltd. | $1.2B | 6 | STRONG SELL |
| 000560.SZ | 5i5j Holding Group Co., Ltd. | $968M | 22 | SELL |
| 600848.SS | Shanghai Lingang Holdings Co.,Ltd. | $3.3B | 11 | STRONG SELL |
| 600790.SS | Zhejiang China Light&Textile Industrial City Group Co.,Ltd | $884M | 23 | SELL |
| 600606.SS | Greenland Holdings Corporation Limited | $3.1B | 25 | SELL |
| 002285.SZ | Shenzhen Worldunion Group Incorporated | $772M | 24 | SELL |
Peer medians: ROE 0.5% · P/E 23.6x · Gross margin 17.3%