YONGHUI SUPERSTORES(SH:601933) 智通财经网·2025-08-20 11:53Core Insights - Yonghui Supermarket (601933.SH) reported a significant decline in revenue and incurred net losses in the first half of 2025, with total revenue at 29.948 billion yuan, a year-on-year decrease of 20.73% [1] - The company's net loss attributable to shareholders was 241 million yuan, with a net loss of 802 million yuan after excluding non-recurring gains and losses [1] - The decline in revenue is attributed to a strategic transformation initiated in the second half of 2024, which involved closing underperforming stores and undergoing store renovations [1] Revenue Performance - The total revenue for the reporting period was 29.948 billion yuan, down 20.73% compared to the same period last year [1] - Despite a significant increase in revenue from renovated stores, it was insufficient to offset the revenue loss from store closures [1] Profitability and Losses - The total profit and net profit attributable to shareholders were negative, primarily due to a reduction in overall sales volume [1] - The company's gross margin for the reporting period was 20.80%, a decrease of 0.78% from the previous year [1] Store Closures and Costs - During the reporting period, the company closed 227 underperforming stores, incurring costs related to lease and personnel compensation, as well as expenses for clearing out inventory and asset write-offs [1] - The fair value change loss of Advantage Solutions stock held by the company amounted to 184 million yuan for the year [1]