Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Red Star Macalline Group Corporation Ltd.
紅星美凱龍家居集團股份有限公司
(A sino-foreign joint stock company incorporated in the People's Republic of China with limited liability)
(Stock Code: 1528)
ANNOUNCEMENT ON THE OPERATING STATISTICS FOR
THE FIRST QUARTER OF 2021
This announcement is made by Red Star Macalline Group Corporation Ltd. (the "Company") pursuant to Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and the Rules Governing the Listing of Stocks on Shanghai Stock Exchange.
The board of directors and all directors of the Company confirm that there are no false representations, misleading statements, or material omissions in this announcement, and they shall individually and collectively accept full responsibility for the truthfulness, accuracy and completeness of contents herein.
In accordance with the relevant requirements under the Guidelines No. 5 on Industry Information Disclosure of Listed Companies - Retail 《( 上市公司行業信息披露指引第五號-零售》) and the
Notice in relation to the Endeavour on Disclosure of the Report for the First Quarter of 2021 by the Listed Companies of the main board 《( 關於做好主板上市公司2021年第一季度報告披露工作的通
知》) issued by the Shanghai Stock Exchange, the Company hereby discloses its principal operating statistics for the first quarter of 2021 (the "Reporting Period") as follows:
As of 31 March 2021, the Company operated 93 Portfolio Shopping Malls, 271 Managed Shopping Malls, and 12 home furnishing malls through strategic cooperation. In addition, the Company opened 66 franchised home improvement material projects by way of franchising, which includes a total of 476 home improvement material stores/industry streets.
1
- CHANGES IN MALLS FOR THE FIRST QUARTER OF 2021
During the Reporting Period, no Portfolio Shopping Mall or Managed Shopping Mall of the Company was net increased and newly opened and one Managed Shopping Mall was converted into Portfolio Shopping Mall, situated in Shenzhen, Guangdong Province; one Managed Shopping Mall was closed, situated in Zhoushan, Zhejiang Province.
- Changes in Malls During the Reporting Period
Table 1-1 Changes in Owned
Portfolio Shopping Malls during the Reporting Period
Unit: m2
Malls as at the | Malls Transferred | Malls Transferred | |||||||||||||||||||||||||
Beginning of | from Other | into Other | Malls as at the End | ||||||||||||||||||||||||
the Period | New Malls | Business Mode | Closed Malls | Business Mode | of the Period | ||||||||||||||||||||||
Mode of | No. of | Operating | No. of | Operating | No. of | Operating | No. of | Operating | No. of | Operating | No. of | Operating | |||||||||||||||
Operation | Location | Malls | Area | Malls | Area | Malls | Area | Malls | Area | Malls | Area | Malls | Area | ||||||||||||||
Owned | Beijing | 3 | 226,359 | 3 | 226,359 | ||||||||||||||||||||||
Owned | Shanghai | 7 | 905,389 | 7 | 905,540 | ||||||||||||||||||||||
Owned | Tianjin | 4 | 457,240 | 4 | 457,240 | ||||||||||||||||||||||
Owned | Chongqing | 4 | 317,145 | 4 | 309,324 | ||||||||||||||||||||||
Owned | Northeast China | 10 | 1,030,696 | 10 | 1,030,736 | ||||||||||||||||||||||
Owned | North China (excluding | 3 | 223,479 | 3 | 223,928 | ||||||||||||||||||||||
Beijing and Tianjin) | |||||||||||||||||||||||||||
Owned | East China (excluding | 13 | 1,500,666 | 13 | 1,548,177 | ||||||||||||||||||||||
Shanghai) | |||||||||||||||||||||||||||
Owned | Central China | 4 | 527,162 | 4 | 525,705 | ||||||||||||||||||||||
Owned | South China | 2 | 116,204 | 2 | 116,201 | ||||||||||||||||||||||
Owned | West China (excluding | 8 | 628,037 | 8 | 628,123 | ||||||||||||||||||||||
Chongqing) | |||||||||||||||||||||||||||
Total: | 58 | 5,932,377 | 58 | 5,971,333 | |||||||||||||||||||||||
Note 1: The discrepancies between total and sums of amounts in the table above are due to rounding.
Note 2: Portfolio Shopping Malls stated in this announcement include Owned Portfolio Shopping Malls, JV/ Associate Portfolio Shopping Malls and Leased Portfolio Shopping Malls.
2
Table 1-2 Changes in JV/Associate
Portfolio Shopping Malls during the Reporting Period
Unit: m2
Malls as at the | Malls Transferred | Malls Transferred | |||||||||||||||||||||||||
Beginning of | from Other | into Other | Malls as at the End | ||||||||||||||||||||||||
the Period | New Malls | Business Mode | Closed Malls | Business Mode | of the Period | ||||||||||||||||||||||
Mode of | No. of | Operating | No. of | Operating | No. of | Operating | No. of | Operating | No. of | Operating | No. of | Operating | |||||||||||||||
Operation | Location | Malls | Area | Malls | Area | Malls | Area | Malls | Area | Malls | Area | Malls | Area | ||||||||||||||
JV/Associate | Beijing | - | - | - | - | ||||||||||||||||||||||
JV/Associate | Shanghai | - | - | - | - | ||||||||||||||||||||||
JV/Associate | Tianjin | - | - | - | - | ||||||||||||||||||||||
JV/Associate | Chongqing | - | - | - | - | ||||||||||||||||||||||
JV/Associate | Northeast China | - | - | - | - | ||||||||||||||||||||||
JV/Associate | North China (excluding | - | - | - | - | ||||||||||||||||||||||
Beijing and Tianjin) | |||||||||||||||||||||||||||
JV/Associate | East China (excluding | 3 | 247,702 | 3 | 248,682 | ||||||||||||||||||||||
Shanghai) | |||||||||||||||||||||||||||
JV/Associate | Central China | - | - | - | - | ||||||||||||||||||||||
JV/Associate | South China | 1 | 15,857 | 1 | 15,857 | ||||||||||||||||||||||
JV/Associate | West China (excluding | 1 | 89,268 | 1 | 89,268 | ||||||||||||||||||||||
Chongqing) | |||||||||||||||||||||||||||
Total: | 5 | 352,827 | 5 | 353,806 | |||||||||||||||||||||||
Note 1: The discrepancies between total and sums of amounts in the table above are due to rounding.
Table 1-3 Changes in Leased
Portfolio Shopping Malls during the Reporting Period
Unit: m2
Malls as at the | Malls Transferred | Malls Transferred | |||||||||||||||||||||||||||||||||||||
Beginning of | from Other | into Other | Malls as at the End | ||||||||||||||||||||||||||||||||||||
the Period | New Malls | Business Mode | Closed Malls | Business Mode | of the Period | ||||||||||||||||||||||||||||||||||
Mode of | No. of | Operating | No. of | Operating | No. of | Operating | No. of | Operating | No. of | Operating | No. of | Operating | |||||||||||||||||||||||||||
Operation | Location | Malls | Area | Malls | Area | Malls | Area | Malls | Area | Malls | Area | Malls | Area | ||||||||||||||||||||||||||
Leased | Beijing | 1 | 117,369 | 1 | 117,369 | ||||||||||||||||||||||||||||||||||
Leased | Shanghai | - | - | - | - | ||||||||||||||||||||||||||||||||||
Leased | Tianjin | - | - | - | - | ||||||||||||||||||||||||||||||||||
Leased | Chongqing | 2 | 132,752 | 2 | 132,780 | ||||||||||||||||||||||||||||||||||
Leased | Northeast China | - | - | - | - | ||||||||||||||||||||||||||||||||||
Leased | North China (excluding | 8 | 441,017 | 8 | 440,978 | ||||||||||||||||||||||||||||||||||
Beijing and Tianjin) | |||||||||||||||||||||||||||||||||||||||
Leased | East China (excluding | 11 | 544,912 | 11 | 543,839 | ||||||||||||||||||||||||||||||||||
Shanghai) | |||||||||||||||||||||||||||||||||||||||
Leased | Central China | 5 | 409,680 | 5 | 414,147 | ||||||||||||||||||||||||||||||||||
Leased | South China | 2 | 103,345 | 1 | 37,469 | 3 | 140,817 | ||||||||||||||||||||||||||||||||
Leased | West China (excluding | - | - | - | - | ||||||||||||||||||||||||||||||||||
Chongqing) | |||||||||||||||||||||||||||||||||||||||
Total: | 29 | 1,749,074 | 1 | 37,469 | 30 | 1,789,930 | |||||||||||||||||||||||||||||||||
Note 1: | The discrepancies between total and sums of amounts in the table above are due to rounding. |
3
Table 1-4 Changes in Managed
Shopping Malls during the Reporting Period
Unit: m2
Malls as at the | Malls Transferred | Malls Transferred | ||||||||||||||||||||||||||
Beginning of | from Other | into Other | Malls as at the End | |||||||||||||||||||||||||
the Period | New Malls | Business Mode | Closed Malls | Business Mode | of the Period | |||||||||||||||||||||||
Mode of | No. of | Operating | No. of | Operating | No. of | Operating | No. of | Operating | No. of | Operating | No. of | Operating | ||||||||||||||||
Operation | Location | Malls | Area | Malls | Area | Malls | Area | Malls | Area | Malls | Area | Malls | Area | |||||||||||||||
Managed | Beijing | 1 | 112,885 | 1 | 112,885 | |||||||||||||||||||||||
Managed | Shanghai | - | - | - | - | |||||||||||||||||||||||
Managed | Tianjin | 3 | 178,268 | 3 | 178,268 | |||||||||||||||||||||||
Managed | Chongqing | 8 | 265,218 | 8 | 265,223 | |||||||||||||||||||||||
Managed | Northeast China | 14 | 714,635 | 14 | 715,028 | |||||||||||||||||||||||
Managed | North China (excluding | 28 | 1,536,903 | 28 | 1,536,773 | |||||||||||||||||||||||
Beijing and Tianjin) | ||||||||||||||||||||||||||||
Managed | East China (excluding | 119 | 6,486,497 | 1 | 64,122 | 118 | 6,428,448 | |||||||||||||||||||||
Shanghai) | ||||||||||||||||||||||||||||
Managed | Central China | 40 | 1,852,924 | 40 | 1,856,274 | |||||||||||||||||||||||
Managed | South China | 13 | 649,539 | 1 | 37,469 | 12 | 608,876 | |||||||||||||||||||||
Managed | West China (excluding | 47 | 2,224,522 | 47 | 2,210,458 | |||||||||||||||||||||||
Chongqing) | ||||||||||||||||||||||||||||
Total: | 273 | 14,021,390 | 1 | 64,122 | 1 | 37,469 | 271 | 13,912,234 | ||||||||||||||||||||
Note 1: The discrepancies between total and sums of amounts in the table above are due to rounding.
Note 2: Malls Transferred into Other Business Mode: one mall was changed from a Managed Shopping Mall to a Leased Portfolio Shopping Mall.
(II) Details of Changes in Malls during the Reporting Period
Table 1-5 Mall Closures during the Reporting Period
Unit: m2 | |||||||
Contract | |||||||
Period | |||||||
(Applicable | |||||||
to Leased and | |||||||
Managed | |||||||
Operating | Opening | Way of | Business | Reason for | Time of | ||
Name | Address | Area | Date | Contracting | Mode) | Closure | Closure |
Zhoushan Lincheng | No. 1188, Haitian Avenue, | 64,122 | 27 March | Contracted | 10 years since | Expiration of the | March 2021 |
(舟山臨城) | Dinghai District, Zhoushan | 2011 | management | the opening | entrusted management | ||
City, Zhejiang Province | contract | ||||||
(浙江省舟山市定海區海天 | |||||||
大道1188號) |
4
-
MALLS THAT ARE IN OPENING PREPARATION AS OF THE FIRST QUARTER OF 2021
As of 31 March 2021, the Company has 24 pipeline Portfolio Shopping Malls (of which 19 are Owned Portfolio Shopping Malls and 5 are Leased Portfolio Shopping Malls), and the planned construction area amounted to approximately 3.55 million sq.m. (subject to the final construction areas as approved in the government permit documents). Among the pipeline Managed Shopping Malls, we have obtained land use rights/land parcels for 344 managed contractual projects.
- REVENUE AND GROSS PROFIT MARGIN OF PORTFOLIO SHOPPING MALLS FOR THE FIRST QUARTER OF 2021
During the Reporting Period, the Portfolio Shopping Malls opened by the Company recorded revenue of RMB1,950,688,884.78, representing an increase of 31.7% as compared with the same period of last year; the gross profit margin was 74.3%, which was increase of 0.8 percentage points compare with the same period of 2020.
Table 3-1 Revenue and Gross Profit Margin of
Portfolio Shopping Malls Classified by Operating Mode
Unit: RMB | |||||||
Gross Profit | |||||||
Change as | Margin Change as | ||||||
Compared | Compared to | ||||||
to the Same | Gross Profit | the Same Period of | |||||
Period | Margin | Last Year | |||||
Mode of Operation | Revenue | (%) | (%) | (Percentage Point) | |||
Owned Portfolio Shopping Malls | 1,591,775,060.85 | 34.8% | 83.4% | an increase of | |||
0.5 percentage points | |||||||
Leased Portfolio Shopping Malls | 291,702,332.97 | 30.8% | 30.5% | a decrease of | |||
0.5 percentage points | |||||||
JV/Associate Portfolio Shopping Malls | 67,211,490.96 | -12.8% | 49.4% | a decrease of | |||
3.0 percentage points | |||||||
Total: | 1,950,688,884.78 | 31.7% | 74.3% | an increase of | |||
0.8 percentage points | |||||||
Note 1: Malls listed above are Portfolio Shopping Malls opened as at the end of each period (including JV/ Associate Portfolio Shopping Malls).
5
Table 3-2 Revenue and Gross Profit Margin of
Portfolio Shopping Malls Classified by Location
Unit: RMB | |||||||
Gross Profit | |||||||
Margin Change as | |||||||
Change as | Compared to | ||||||
Compared to the | Gross Profit | the Same Period | |||||
Same Period | Margin | of Last Year | |||||
Location | Revenue | (%) | (%) | (Percentage Point) | |||
Beijing | 178,725,914.13 | 36.8% | 73.0% | an increase of | |||
0.2 percentage point | |||||||
Shanghai | 408,173,484.80 | 26.9% | 88.7% | an increase of | |||
0.1 percentage point | |||||||
Tianjin | 46,654,567.35 | 17.4% | 72.8% | an increase of | |||
0.8 percentage point | |||||||
Chongqing | 136,543,550.55 | 46.2% | 80.0% | an increase of | |||
3.6 percentage points | |||||||
Northeast China | 174,232,038.35 | 33.2% | 84.8% | an increase of | |||
11.5 percentage points | |||||||
East China | 528,766,004.64 | 27.6% | 70.7% | an increase of | |||
(excluding Shanghai) | 0.5 percentage point | ||||||
North China | 76,814,091.89 | 27.0% | 46.4% | an increase of | |||
(excluding Beijing and | 4.0 percentage points | ||||||
Tianjin) | |||||||
South China | 46,145,088.07 | 21.9% | 40.5% | a decrease of | |||
4.7 percentage points | |||||||
Central China | 205,090,649.71 | 64.1% | 64.3% | a decrease of | |||
6.3 percentage points | |||||||
West China | 149,543,495.29 | 17.3% | 71.0% | a decrease of | |||
(excluding Chongqing) | 0.2 percentage point | ||||||
Total: | an increase of | ||||||
1,950,688,884.78 | 31.7% | 74.3% | 0.8 percentage point | ||||
Note 1: Malls listed above are Portfolio Shopping Malls opened as at the end of each period (including JV/ Associate Portfolio Shopping Malls).
6
The operating information of this announcement is provided to investors to understand the operation of the Company only. The Company advises investors to exercise caution when using such information.
This announcement is published simultaneously in Chinese and English. In the event of any inconsistency between Chinese and English versions, the Chinese version shall prevail.
Notice is hereby given.
By Order of the Board
Red Star Macalline Group Corporation Ltd.
GUO Binghe
Vice Chairman
Shanghai, the PRC
29 April 2021
As at the date of this announcement, the executive Directors of the Company are CHE Jianxing, GUO Binghe, CHE Jianfang and JIANG Xiaozhong; the non-executive Directors are CHEN Shuhong, JING Jie, XU Hong, LIU Jin and CHEN Zhaohui; and the independent non-executive Directors are QIAN Shizheng, LEE Kwan Hung, Eddie, WANG Xiao, ZHAO Chongyi and QIN Hong.
7
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Red Star Macalline Group Corp. Ltd. published this content on 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 12:05:03 UTC.