YONGHUI SUPERSTORES(SH:601933) Bei Jing Shang Bao·2025-08-25 16:06Core Viewpoint - Yonghui Supermarket is actively transforming its stores into "Fat Modified Stores" to enhance profitability and competitiveness in the retail sector, with a significant number of stores undergoing renovation and a focus on improving product offerings and customer experience [1][2]. Group 1: Store Transformation - Yonghui Supermarket will open its 12th "Fat Modified Store" in Beijing on August 26, contributing to nearly 170 modified stores nationwide [1]. - The company plans to continue its store renovation efforts, with the expectation that sales will improve significantly post-renovation [1]. - The management indicated that stores in a stable modified state have already entered a profitable phase within three months of opening [1]. Group 2: Financial Strategy - Yonghui Supermarket is pursuing a private placement to raise up to 4 billion yuan for store renovations, working capital, and debt repayment [1]. - The company anticipates that while the transformation may lead to short-term financial pressure, profitability is expected to improve significantly in the fourth quarter [1]. Group 3: Product Strategy - The company is enhancing its private label products based on the supply chain experience of "Fat Donglai," with over 80% of the product structure aligned with this model [2]. - A specific product, a microcapsule fragrance enzyme laundry detergent priced at 19.8 yuan, has been upgraded to include features like antibacterial and anti-mite properties [2]. - Yonghui's customized products, such as a special edition of fresh milk from Yili, have seen significant sales, with over one million units sold within four days [2]. Group 4: Industry Insights - The transformation in retail requires substantial investment and resources, which can enhance a company's competitive position in the industry [2]. - The future of retail will be characterized by diversification and differentiation, necessitating continuous exploration of new business models and technology applications to meet evolving market demands [2].