YONGHUI SUPERSTORES(SH:601933) Guo Ji Jin Rong Bao·2025-11-12 12:27Core Viewpoint - Yonghui Supermarket's major shareholder, Zhang Xuansong, and his associated entity plan to reduce their holdings due to personal financial needs, which may impact the company's stock performance in the near term [2][3]. Shareholder Reduction Plan - The shareholder intends to reduce up to 90.75 million shares, representing a maximum of 1% of the total shares [3]. - The reduction will occur through centralized bidding over a three-month period starting from December 4, 2025 [3]. - If the reduction is fully executed, 53% of the shares held by the associated entity will be sold [3]. Market Reaction - Following the announcement, Yonghui Supermarket's stock opened lower and closed at 4.61 yuan, suggesting a potential profit of approximately 418 million yuan for the shareholder if the reduction is completed at this price [3]. Company Performance and Strategy - As of September 30, Yonghui Supermarket operated 450 stores, with 222 undergoing transformation under the "Learning from Pang Donglai" initiative, indicating significant progress in its operational strategy [4]. - Despite the transformation efforts, the company has faced challenges, including a decline in revenue and profits, leading to multiple shareholder reduction announcements this year [4]. Financial Results - For the first three quarters of the year, Yonghui Supermarket reported revenue of 42.434 billion yuan, a year-on-year decrease of 22.21%, and a net loss of 710 million yuan, which is an eightfold increase compared to the same period last year [5]. - Analysts suggest that the company may begin to recover from its transformation challenges by 2026-2027, with expectations of reduced losses next year and potential profit release by 2027 [5].