永辉超市董事长张轩松拟减持套现4.3亿元

Core Viewpoint - The chairman of Yonghui Supermarket, Zhang Xuansong, plans to reduce his stake in the company due to personal financial needs, which reflects ongoing challenges in the company's performance and strategy adjustments [1][4]. Shareholding Reduction - Zhang Xuansong and his associates intend to reduce their holdings by up to 90.75 million shares, representing no more than 1% of the total share capital, with the reduction period set from December 4, 2025, to March 3, 2026 [1][3]. - The estimated amount from this reduction, based on the closing price of 4.74 yuan per share on November 11, is approximately 430 million yuan [1][3]. - As of June 30, 2025, Zhang Xuansong and his associates held a total of 1.275 billion shares, accounting for 14.05% of the company, with Zhang personally owning 8.72% [1][3]. Recent Executive Reductions - Just days before Zhang's announcement, Yonghui's vice president, Luo Wenxia, completed a share reduction of 108,700 shares on November 7, 2025, amounting to approximately 499,000 yuan at a price of 4.59 yuan per share [1][4]. Financial Performance - For the first three quarters of the year, Yonghui Supermarket reported a revenue of 42.434 billion yuan, a year-on-year decline of 22.21%, and a net loss attributable to shareholders of approximately 710 million yuan, which is more than eight times the loss from the same period last year [4]. - The increase in net loss is attributed to declining revenue and gross margin, with the third-quarter gross margin affected by store adjustments and product restructuring [4]. Store Closures and Strategy - As of the end of the third quarter, Yonghui Supermarket has closed a total of 325 stores, with 102 closures occurring in the third quarter alone, while only two new stores were opened [4][5]. - The company plans to reduce its store count to 1,000 by the end of 2023 and further down to 775 by the end of 2024 [4]. - Despite the closures, same-store sales have shown positive growth after focusing on optimizing existing stores and core adjustments [4]. Market Reaction - As of November 12, the stock price of Yonghui Supermarket fell by 2.74%, closing at 4.61 yuan per share, with a market capitalization of 41.836 billion yuan [5].