Red Star Macalline Group Corporation Ltd.’s Net Profit Dropped 60.8% in 2022

Red Star Macalline Group Corporation Ltd. (红星美凯龙家居集团股份有限公司) (601828.SH) reported a net profit of 857.8 million yuan in 2022, down 60.8% year-on-year.

Meanwhile, the company posted 14.1 billion yuan in revenue, down 8.9% year-on-year.

At the end of the reporting period, it had 128.1 billion yuan in total assets and 71.1 billion yuan in total liabilities, with a liability-to-asset ratio of 55.5%.