YONGHUI SUPERSTORES(SH:601933) Sou Hu Cai Jing·2025-11-01 23:31Core Viewpoint - Yonghui Supermarket (601933) is experiencing significant financial challenges, with declining revenues and increasing losses, prompting a plan to issue A-shares to raise funds for store upgrades and operational improvements [2][4][6]. Stock Performance - As of October 31, 2025, Yonghui Supermarket's stock closed at 4.67 yuan, down 0.85% from the previous week, with a market capitalization of 42.38 billion yuan, ranking 3rd in the general retail sector [1]. Shareholder Changes - As of September 30, 2025, the number of shareholders decreased to 309,400, a reduction of 14.02% from June 30, 2025, with an average shareholding value of 137,300 yuan [2][7]. Financial Performance - For the first three quarters of 2025, Yonghui Supermarket reported a main revenue of 42.434 billion yuan, a year-on-year decline of 22.21%, and a net loss attributable to shareholders of 710 million yuan, down 811.6% [2][7]. - In Q3 2025, the company recorded a single-quarter revenue of 12.486 billion yuan, a decrease of 25.55%, and a net loss of 469 million yuan, down 32.86% [2]. Debt and Profitability - The company's debt ratio stands at 88.96%, with investment income of 340 million yuan and financial expenses of 561 million yuan, resulting in a gross profit margin of 20.52% [3]. Fundraising Plans - Yonghui Supermarket plans to issue A-shares to raise up to 3.11386 billion yuan for store upgrades, logistics improvements, and to supplement working capital or repay loans [5][6][8]. - The issuance has been approved by the board and shareholders but is pending review by the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission [9].