永辉完成上海11家“胖东来模式”门店调改

Core Insights - Yonghui Supermarket has officially opened its 11th store in Shanghai, marking the completion of its "Fat Donglai model" transformation in the city, which is the first in the nation to achieve this milestone [2] - The transformation considers local consumer characteristics, with imported goods now making up 20% of the product mix, aligning closely with the Fat Donglai standard of 80% [2] - The newly transformed stores in Shanghai have achieved initial profitability within three months of operation, and the model is being extended to surrounding areas [2][3] Financial Performance - Yonghui Supermarket reported a revenue of 29.948 billion yuan in the first half of 2025, a year-on-year decline of 20.73%, with a net loss of 800.2 million yuan compared to a profit of 29.86 million yuan in the same period last year [3] - A total of 93 stores underwent transformation in the first half of 2025, with 124 stores transformed by the end of June 2025 [3] Future Plans - The company aims to continue promoting the Fat Donglai model in Shanghai and nationwide, enhancing the shopping experience for consumers [3] - Yonghui plans to leverage the "Shanghai model" to expand into other regions in the Yangtze River Delta, creating a development pattern centered around Shanghai [2]