Bei Jing Shang Bao·2025-11-03 10:45Core Insights - The supermarket industry is experiencing revenue growth pressure and a divergence in profitability among companies as they navigate a phase of deep adjustment and transformation [1][3] - Companies are focusing on refined operations and differentiated competition to find breakthroughs in a challenging market environment [1] Revenue Performance - The supermarket sector has entered a "stock competition" phase, with many companies facing stagnant or declining revenue [3] - Yonghui Supermarket reported a cumulative revenue of 42.434 billion yuan for the first three quarters, a year-on-year decline of 22.21%, with a net loss of 469 million yuan [3] - Zhongbai Group's revenue also decreased, with a total of 6.552 billion yuan, down 19.41%, and a net loss of 580 million yuan [3] - Hongqi Chain's revenue was 7.108 billion yuan, down 8.48%, but it achieved a net profit of 383 million yuan, with a net profit margin increase of 7.21% [3] - Bubu Gao's revenue was 3.194 billion yuan, ranking fifth in the industry, with a net profit of 238 million yuan [3] - Sanjiang Shopping reported revenue of 2.988 billion yuan and a net profit of 114 million yuan [3] Industry Transformation - Various new operational models are emerging, indicating a collective transformation within the industry, focusing on differentiated products, experiential scenarios, and innovative business formats [4][5] - Yonghui Supermarket has completed the transformation of 222 stores under the "Fat Donglai model," resulting in an average customer flow increase of 80% and over 60% of stores exceeding their highest profitability in the past five years [4] - Bubu Gao has completed its "Store Transformation 1.0," improving sales and employee benefits, with a product structure alignment of 90% with the Fat Donglai model [4] - Hongqi Chain is expanding its 24-hour cloud service stores to 300 by the end of the year, enhancing product offerings through live broadcasts and joint product development [4] Strategic Focus - Companies are emphasizing the development of private labels, direct sourcing of fresh products, and regional specialty items to enhance profitability [6] - The emergence of membership stores, hard discount stores, cloud warehouses, and community stores reflects a trend towards smaller, specialized formats [6] - Digital channels such as e-commerce, live streaming, and community operations are becoming standard in supermarket operations, with Walmart China reporting a 96% increase in e-commerce net sales [6] - The future of the retail market is expected to be diverse and differentiated, requiring supermarkets to continuously explore new business models and technological applications to adapt to changing consumer demands [6]