YONGHUI SUPERSTORES(SH:601933) 2 1 Shi Ji Jing Ji Bao Dao·2025-12-09 06:45Core Viewpoint - Yonghui Supermarket has experienced a significant stock price increase despite ongoing operational challenges and executive share reductions, indicating potential market speculation or investor confidence in future recovery efforts [2][3]. Group 1: Stock Performance - On December 9, Yonghui Supermarket's stock price surged to 4.75 CNY per share, marking a 9.95% increase, with a total market capitalization reaching 43.1 billion CNY [2]. - This marks the second consecutive trading day of the stock hitting the daily limit up, coinciding with the completion of a share reduction plan by the company's chairman and associated parties [2]. Group 2: Share Reduction - On December 8, Yonghui Supermarket announced that its founder and chairman, Zhang Xuansong, along with the Shanghai Xishirun Hejun No. 6 Private Securities Investment Fund, completed a share reduction plan, selling 90.75 million shares, which is 1% of the total share capital, for a total cash amount of 377 million CNY [2]. - This reduction is part of a broader trend, with multiple executives and shareholders reducing their stakes in the company, including a significant reduction by a major shareholder, JD Century Trading, in July [2]. Group 3: Financial Performance - For the first three quarters of 2025, Yonghui Supermarket reported a revenue of 42.434 billion CNY, a year-on-year decline of 22.21%, and a net loss attributable to shareholders of 710 million CNY, an increase in losses of 811.60% compared to the previous year [3]. - In the third quarter alone, the company recorded a revenue of 12.486 billion CNY, down 25.55% year-on-year, with a net loss of 469 million CNY, which is an increase of 116 million CNY compared to the same period last year [3]. Group 4: Legal Issues - As of December 5, 2025, Yonghui Supermarket and its subsidiaries faced new litigation and arbitration cases totaling approximately 495 million CNY, representing 11.14% of the audited net assets for 2024, primarily related to lease and supply disputes [3]. Group 5: Strategic Initiatives - To support its transformation, Yonghui Supermarket announced a fundraising plan in late October, aiming to raise up to 3.114 billion CNY for store renovations, logistics upgrades, and to supplement working capital or repay bank loans [3]. - Following a 6.27 billion CNY acquisition of a 29.4% stake in Yonghui by Miniso in September 2024, a reform leadership team has been established to drive store adjustments and supply chain integration, although the effectiveness of these measures remains to be seen [3].