YONGHUI SUPERSTORES(SH:601933) Sou Hu Cai Jing·2025-09-19 12:15Group 1 - The CEO position at Yonghui Supermarket has been filled by Wang Shoucheng after a six-month vacancy [2] - Wang Shoucheng, born in April 1991, has a master's degree from Peking University and has held various positions within Yonghui since joining as a management trainee [2] - The company has initiated a significant transformation strategy, referred to as "Fat Reform," which aims to enhance product offerings and employee conditions [3][4] Group 2 - The "Fat Reform" has led to the introduction of products similar to those of the successful brand "Fat Donglai," with an average employee salary increase of 30% [3] - Despite the reform efforts, Yonghui reported a 20.73% decline in revenue for the first half of 2025, totaling 29.948 billion yuan, and a net loss of 241 million yuan [4][5] - The company has closed a significant number of underperforming stores, reducing its total from 1,000 at the end of 2023 to 775 by the end of 2024, with 225 stores closed throughout the year [5][6] Group 3 - Yonghui's supply chain has undergone reforms, focusing on core suppliers and reducing the number of suppliers by approximately 50% [7] - The company aims to enhance its fresh produce sourcing, with over 60% of its fresh business sourced directly, and has increased its self-operated sales ratio from 40.2% to 78.1% [7] - Management anticipates continued pressure on profitability in the second half of the year, but expects improvements in the fourth quarter [8]