上半年净利润预计由盈转亏后，永辉超市计划定增募资不超40亿元继续“胖改”

Core Viewpoint - Yonghui Supermarket is planning to raise up to 3.992 billion yuan through a private placement of A-shares to fund store upgrades, logistics improvements, and to supplement working capital or repay bank loans [1][2]. Group 1: Fundraising and Investment Plans - The company intends to issue shares to no more than 35 specific investors, with the majority of the raised funds allocated for store upgrade projects [1][2]. - The total investment for the three projects related to the private placement amounts to 6.376 billion yuan, with 5.597 billion yuan designated for store upgrades [2][3]. - The average cost for upgrading each of the 298 targeted stores is approximately 18.79 million yuan, with around 10 million yuan allocated for inventory and other expenses per store [3]. Group 2: Store Transformation and Performance - As of July 30, 2025, Yonghui Supermarket has reduced its store count to 517, down nearly one-third from over 770 at the end of 2024, with plans to complete upgrades on 200 stores by the third quarter of this year [2][4]. - The company has faced significant financial challenges, with expected net losses of 240 million yuan in the first half of the year, marking a shift from profit to loss [5]. - The company has closed 227 underperforming stores, incurring costs related to lease compensation, personnel severance, and asset write-offs during this process [5][6].