永辉超市(601933) - 2024 Q4 - 年度业绩预告

Financial Performance - The company expects a net profit of -1.4 billion yuan for 2024, indicating a decline compared to the previous year[2] - The net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be -2.21 billion yuan for 2024[4] - In the same period last year, the net profit attributable to shareholders was -1.33 billion yuan, and the net profit excluding non-recurring items was -1.98 billion yuan[6] - The company reported a total profit of -1.36 billion yuan for the previous year[6] Strategic Transformation - The decline in performance is attributed to challenges in the retail industry and a strategic transformation that began in the second half of 2024[8] - The company plans to continue store renovations and strategic transformations in 2025, while also closing underperforming stores[8] Store Renovations - The company has completed the renovation of 31 stores, which has led to increased customer traffic and sales, but requires significant upfront investment[8] - The gross profit margin has declined due to the optimization of product structure and procurement strategies during store renovations[8] Asset Impairment - An impairment test on long-term assets is expected to result in a provision of approximately 200 million yuan for the year[8] Investor Caution - Investors are advised to be cautious due to uncertainties regarding the fair value of certain equity holdings that have not been externally assessed[9]