7月31日，永辉超市发布定增预案，拟向不超过35名特定投资者发行A股股票，募集最高39.92亿元，所 募资金将主要用于门店升级改造、物流仓储升级改造、补充流动资金或偿还银行贷款。 | 库者 | 项目名称 | 投资总金额 | 募集资金投资金额 | | --- | --- | --- | --- | | 1 | 门店升级改造项目 | 559,707.27 | 321,307.27 | | 2 | 物流仓储升级改造项目 | 30,900.72 | 30,900.72 | | ને | 补充流动资金或偿还银行贷款 | 47,000.00 | 47,000.00 | | | 合计 | 637,607.99 | 399,207.99 | 其中，32.13亿元将用于298家门店的调改升级，3.09亿元用于物流仓储升级改造项目，4.70亿元用于补 充流动资金或偿还银行贷款。公告显示，在门店升级改造项目中，永辉超市拟进一步对298家门店进 行"胖东来模式"调改升级，在商品结构、购物体验、组织架构及薪酬等多个方面进行系列化改革。 2024年9月，永辉超市公告，名创优品全资子公司广东骏才国际商贸有限公司（以下简称"骏才国际"） 拟 ...

7月31日，永辉超市（601933.SH）抛出39.92亿元定增预案，其中超八成募资砸向298家门店的"胖东来 模式"调改，试图以业态升级打破四年累计超90亿元的亏损困局。但迟来的违规减持警示函，引发信披 合规争议；胖改效应边际递减、调改店客流雪崩，更让这场定增豪赌布满暗礁。 在资产负债率飙至88.73%、年内已砍227家门店的绝境下，永辉超市这笔近40亿元的定增募资究竟是续 命钱，还是扔进转型深水区的打水漂钱，市场正冷眼旁观。 298家门店调改"等米下锅"，牵出信披疑问 根据公告，永辉超市拟向不超过35名特定对象发行A股股票，募集资金总额不超过39.92亿元，所募资金 将用于门店升级改造项目、物流仓储升级改造项目及补充流动资金或偿还银行贷款，分别拟使用募集资 金32.13亿元、3.09亿元、4.7亿元。 图 | | | | 单位: 万元 | | --- | --- | --- | --- | | 序号 | 项目 | 项目总投资 | 募集资金金额 | | 1 | 门店升级改造项目 | 559,707.27 | 321,307.27 | | 2 | 物流仓储升级改造项目 | 30,900.72 | 30,900 ...

Group 1 - The article highlights that on July 31, several listed companies received target price upgrades from brokerages, with notable increases for Ningde Times, Su Shi Testing, and Yonghui Supermarket, showing target price increases of 66.28%, 48.13%, and 47.99% respectively [1][3] - Ningde Times received a "Buy" rating from Dongwu Securities with a target price of 440.00 yuan, indicating a significant potential upside [3] - Su Shi Testing was rated "Strong Buy" by Huachuang Securities with a target price of 24.22 yuan, reflecting a robust growth outlook [3] Group 2 - A total of 26 listed companies were recommended by brokerages on July 31, with Hisense Home Appliances receiving the most recommendations at four, followed by Su Shi Testing with three, and Yonghui Supermarket with two [4][5] - Hisense Home Appliances closed at 25.69 yuan and was recommended by four brokerages, indicating strong market interest in the white goods sector [5] - The article also mentions that Hunan Haili received its first coverage with a "Buy" rating from Great Wall Securities, indicating a positive outlook for the agricultural chemical products industry [7]

Group 1 - The core viewpoint of the article highlights the target price increases for several listed companies, with significant growth potential identified for Ningde Times, Su Shi Testing, and Yonghui Supermarket, showing target price increases of 66.28%, 48.13%, and 47.99% respectively [1][3] - Ningde Times is rated as "Buy" by Dongwu Securities with a high target price of 440.00 yuan, indicating a strong bullish sentiment in the battery industry [3] - Su Shi Testing received a "Strong Buy" rating from Huachuang Securities with a target price of 24.22 yuan, reflecting optimism in the professional services sector [3] Group 2 - Yonghui Supermarket is rated to "Outperform Industry" by China International Capital Corporation with a target price of 7.00 yuan, showcasing positive expectations in the general retail sector [3] - Haier Smart Home received four recommendations from different brokerages, indicating strong interest in the white goods industry, while Su Shi Testing and Yonghui Supermarket received three and two recommendations respectively [4][5] - On July 31, a total of 26 listed companies received brokerage recommendations, with the highest number of recommendations going to Haier Smart Home [4][5] Group 3 - The article mentions that on July 31, there was one instance of initial coverage, where Hunan Haili was given a "Buy" rating by Great Wall Securities, indicating potential interest in the agricultural chemical products sector [7]

永辉超市日前启动定增计划，拟募资近40亿元。其中，绝大部分将用于对旗下298家门店调改项目，以加速在明年完成旗下所有门店的调改工作。 不过，受战略转型以及门店调改的影响，公司业绩依然承压。继连续4年归母净利润亏损后，今年上半年预计再亏2.4亿元。 可以预见的是，随着门店调改的持续深入，永辉超市在短期内，仍将经受业绩和市场的双重考验。 定增40亿 为了早日像胖东来一样做生意，永辉超市（601933.SH）日前祭出大招。 7月31日，公司披露定增预案，拟募资约39.92亿元，用于旗下门店调改、物流仓储升级以及补充流动资金或还贷等3大项目，其中，8成募资将用于对旗下 298家门店进行"胖改"调改升级。 自去年开始，永辉借鉴胖东来超市模式，对旗下门店进行调整，到该年度末调改完成31家。据公司介绍，这些被调改门店营业收入、客流均实现大幅提 升。 今年以来，门店调改行持续进行。据东吴证券研报，今年初到7月底，永辉已开业门店517家，其中调改门店达到146家。 对298家门店的调改，公司将倾注大量资金，项目总投资55.97亿元。 为了配合门店调改工作，公司还将投入3.09亿元用于物流仓储升级改造项目，引进自动分拣线、AGV ...

Core Viewpoint - Traditional hypermarkets in Nanjing, such as Carrefour and Walmart, are facing significant challenges and are undergoing transformations into community commercial complexes and cultural tourism centers due to the rise of new generation complexes and online retail [1][4][6]. Group 1: Transformation Projects - The newly opened Daxing Palace Underground Square, covering over 40,000 square meters, has been transformed into a tourism distribution center themed around Yangtze River city culture, featuring a parking area for over 500 cars and 50 tourist buses [2][3]. - The former Carrefour store on Dajie South Road has been converted into a 20,000 square meter community commercial complex, with the main store, Hema, attracting 3,000 to 4,000 customers daily and generating over 500,000 yuan in revenue within the first five days [2][3]. Group 2: Challenges Facing Traditional Hypermarkets - Traditional hypermarkets are struggling due to the emergence of larger, more diverse commercial complexes and the impact of online retail, leading to a significant decline in customer traffic and sales [4][5]. - The number of large chain supermarket stores in China decreased by 8.7% year-on-year, with 1,263 closures, marking the highest number in nearly a decade [8]. Group 3: Successful Adaptations - Some hypermarkets, like Walmart's Sam's Club, have successfully adapted by focusing on high-end customer segments, increasing membership, and enhancing online delivery services, achieving annual sales of 2.7 billion yuan [9]. - Dazhonghua's M membership stores have seen significant growth, with one store achieving annual sales of 2 to 3 billion yuan after transformation [10]. Group 4: Future Directions - The transformation of hypermarkets should focus on community integration, emphasizing daily needs and convenience, as seen in the successful adaptations of Carrefour and Walmart in Nanjing [6][11]. - Innovations in operational models, such as the introduction of community markets and enhanced customer experiences, are essential for traditional hypermarkets to remain competitive in the evolving retail landscape [7][11].

Group 1 - The article discusses the implementation of local standards for food waste reduction in the catering industry, initiated by the Beijing Culinary Association, which encourages food donation and discount promotions for unsold food that is still within its shelf life [1] - KFC stores in Beijing have established "Food Stations" to provide unsold food for free to citizens, ensuring food safety by sealing and labeling the products with storage dates and consumption guidelines [1] - Supermarkets like Hema Fresh and Yonghui are offering discounts on near-expiry products during specific times, which helps reduce waste and provides consumers with affordable options [1] Group 2 - Third-party platforms like "Food Saving Magic Bag" are helping businesses connect surplus food with consumers, saving a total of 10,000 tons of food over three years by using inventory management technology [2] - The approach of packaging surplus food into "magic bags" has led to a 40% reduction in waste rates for some brands, demonstrating a successful model for reducing food waste [2] - Experts emphasize the importance of food security and the need for innovative measures in the catering and retail sectors to create a win-win situation for businesses, consumers, and platforms [2]

计划"胖改"298家门店 《每日经济新闻》记者了解到，自从下定决心进行"胖改"以来，永辉超市官网门店数据几乎一天一变。 永辉超市官网数据显示，截至2025年7月30日，永辉超市门店数共517家，较2024年年底的770余家少了 近三分之一。已开业的调改门店数已有146家，到今年三季度末，永辉超市计划调改门店数量达到200 家。 再来看永辉超市此次推出的定增预案，所涉及三个项目总投资金额63.76亿元。其中，门店升级改造项 目投资总金额55.97亿元，对应募集资金使用额为32.13亿元；物流仓储升级改造项目和补充流动资金或 偿还银行贷款对应的投资总额分别为3.09亿元和4.70亿元，均由定增募集资金提供。 值得注意的是，随着这份定增预案的披露，外界得以窥见永辉超市门店升级改造的成本构成。 官宣转型一年有余，永辉超市（601933）（SH601933，股价4.73元，市值429.25亿元）准备向市场"要 钱"，继续学习胖东来进行调改，此举也被外界称为"胖改"。 7月30日盘后，永辉超市披露2025年度向特定对象发行A股股票预案：公司拟向不超过35名特定投资者 发行股票，累计募资不超过39.92亿元，用于门店升级改 ...

以下文章来源于时代财经APP ，作者陈泽旋 时代财经APP . 聚焦于企业财经新闻，互联网新闻信息服务许可证编号：44120230006 来源|时代财经APP 作者 | 陈泽旋 编辑 | 黎倩 "自救"一年后，永辉超市开始找钱了。 7月30日晚间，永辉超市（601933.SH）发布定增预案，拟向不超过35名特定投资者发行A股股票，募集最高39.92亿元，所募资金将主要用于门店 升级改造、物流仓储升级改造、补充流动资金或偿还银行贷款。 早在去年9月，名创优品就宣布以总价约63亿元入股永辉超市，成为其第一大股东。不到一年后，谁将成为下一个押注永辉超市的"金主"？ 01 明年完成门店调改，永辉需要钱"救急" 2025年末调改门店达200家左右，并关店250-350家，计划在2026年末完成所有存量门店的调改，是永辉超市对调改门店的规划。 为加快实现战略规划目标，永辉超市需要资金。 根据定增方案，永辉此次募集资金总额不超过39.92亿元，扣除发行费用后的净额将全部用于门店升级改造项目、物流仓储升级改造项目、补充流动 资金或偿还银行贷款。 近些年，以步步高、永辉、家乐福为代表的传统商超展现疲态，在电商平台迅猛发展和线下 ...

Core Insights - Yonghui Supermarket has opened its 11th "Pang Donglai" model store in Xi'an, marking a significant step in its strategy to deepen its presence in the core areas of Xi'an and enhance its store transformation efforts [1][2] - The newly opened store has already seen impressive performance, with sales in the first month increasing by nearly 324% year-on-year and customer traffic soaring by 214% [1] - Four stores in Xi'an have entered a stable profit phase after three months of operation, indicating the success of Yonghui's store transformation strategy in the region [1] Store Transformation Strategy - The opening of the Xi'an Fenghe Wanda Plaza store is part of Yonghui's broader strategy to optimize consumer experience and expand its footprint in key urban areas [2] - The company aims to provide better product selection, a more comfortable shopping environment, attentive service, and reliable consumer protection through localized adaptations of the "Pang Donglai" model [2] - Following the opening of the new store, Yonghui will have a total of 148 transformed stores nationwide, with plans to reach 200 by the end of September [2]