Red Star Macalline Group Corporation Ltd.’s Net Profit Dropped 87.6% in First Half of 2023

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 120.6 million yuan in the first half of 2023, down 87.6% year-on-year.

Meanwhile, the company posted 5.7 billion yuan in revenue, down 18.6% year-on-year.

At the end of the reporting period, it had 126.4 billion yuan in total assets and 69.7 billion yuan in total liabilities, with a liability-to-asset ratio of 55.1%.