Red Star Macalline Group Corporation Ltd. provided earnings guidance for the year ended 31 December 2023. For the year, the net losses of the Group is expected to range between approximately RMB 2,330 million to RMB 2,730 million, representing a turnaround from profits to losses, as compared to the net profit of RMB 816.884 million recorded by the Group for the year ended 31 December 2022 . The net loss attributable to the owners of the Company for the Year 2023 is expected to range between RMB 2,200 million to RMB 2,600 million, representing a turnaround from profits to losses, as compared to the net profit attributable to the owner of the Company of RMB 678.566 million recorded by the Group for the Year 2022.