ZBJT(SZ:000759) Mei Ri Jing Ji Xin Wen·2025-12-04 16:26Core Viewpoint - Zhongbai Group has announced a significant reduction strategy, closing 30 underperforming warehouse hypermarkets, which is expected to incur a loss of approximately 180 million yuan [1][6]. Group 1: Company Performance and Financial Impact - In the first three quarters of the year, Zhongbai Group experienced a decline in both revenue and net profit, with a net loss of 580 million yuan, a year-on-year decrease of 74.83% [1][5]. - The closure of these stores is a response to ongoing losses and aims to optimize the company's operational quality and facilitate strategic transformation [6][7]. - The anticipated loss from the store closures will further exacerbate the company's financial pressures, with projected losses of 528 million yuan for 2024 and 580 million yuan for the first three quarters of 2025 [6]. Group 2: Reasons for Store Closures - The primary reason for the closures is identified as "store losses," with 23 out of the 30 closed stores marked as such, accounting for 76.7% of the closures [3][5]. - Some of the closed stores had been operational for nearly 20 years, indicating a significant shift in market dynamics and consumer behavior [3]. - Additionally, seven stores were closed due to "contract expiration," highlighting the challenges in maintaining profitable leases [4]. Group 3: Strategic Adjustments and Future Plans - To mitigate the negative impact of store closures, Zhongbai Group is actively pursuing reforms in its supply chain and innovating its business model [7]. - The company has eliminated 189 supply chain entities and launched its own brand products, achieving sales of 328 million yuan [7]. - New store formats, such as discount stores and a local service platform, are being introduced to adapt to changing consumer preferences and enhance competitiveness [7].