董事长张轩松，减持永辉超市

Core Viewpoint - The chairman of Yonghui Supermarket, Zhang Xuansong, plans to reduce his stake in the company due to personal financial needs, which may signal a shift in his role within the company as it undergoes significant changes [1][6]. Group 1: Shareholding and Management Changes - Zhang Xuansong intends to reduce his holdings by up to 90,750,000 shares, representing no more than 1% of the total share capital, with the reduction to occur within three months after a 15-day notice period [1]. - As of June 30, 2025, Zhang Xuansong and his associates hold a total of 1,274,987,806 shares, accounting for 14.05% of Yonghui Supermarket [1]. - In 2024, Miniso's subsidiary acquired a 29.4% stake in Yonghui, making it the largest shareholder, and subsequently, a reform leadership group was established with Miniso's controlling person, Ye Guofu, as the leader [2]. Group 2: Financial Performance - In the third quarter, Yonghui's revenue decreased by 25.55% year-on-year to 12.486 billion yuan, with a net loss of 469 million yuan, which is an increase in losses by 116 million yuan compared to the previous year [5]. - The company attributes the revenue decline to intense industry competition, changing consumer habits, and a drop in foot traffic and average spending at existing stores [5]. - Yonghui is currently optimizing its store operations, having adjusted 222 stores by the third quarter, with plans to reach 300 by the Chinese New Year in 2026, which is expected to significantly enhance their contribution [5]. Group 3: Market Response - On November 11, Yonghui Supermarket's stock closed at 4.74 yuan per share, reflecting a 1.28% increase [7]. - On the same day, the Shanghai Consumer 80 Index closed at 5080.66 points, showing a decline of 0.30% [8].