YONGHUI SUPERSTORES(SH:601933) Nan Fang Du Shi Bao·2025-04-28 03:23Core Viewpoint - Yonghui Supermarket is closing its store in the luxury residential area of Shenzhen, indicating ongoing struggles in the retail sector and the company's operational challenges [1][6]. Group 1: Store Closure Details - The Yonghui Supermarket in Nanshan Botofino will cease operations starting May 17, 2025, with a clearance sale from May 8 to May 16 [1]. - The store will not be transformed into a "Pang Donglai" model store, as confirmed by staff [1][3]. - The store's environment was described as relatively quiet, with few customers and unstaffed sections [3][5]. Group 2: Company Performance - Yonghui Supermarket reported a revenue of 67.574 billion yuan for 2024, with a net loss of 1.465 billion yuan; in Q1 2025, revenue was 17.479 billion yuan with a net profit of 148 million yuan [6]. - The company has faced continuous losses for four years from 2021 to 2024, totaling over 9.5 billion yuan [6]. - The losses are attributed to intense competition in the retail sector and a strategic shift involving the closure of 232 underperforming stores [6]. Group 3: Online Business Performance - As of March 31, 2025, Yonghui's online business generated 3.15 billion yuan, accounting for 18.02% of total revenue [7]. - The "Yonghui Life" app covered 670 stores, achieving sales of 1.75 billion yuan, with an average daily order volume of 231,000 and a monthly repurchase rate of 47.6% [7].