YONGHUI SUPERSTORES(SH:601933) Mei Ri Jing Ji Xin Wen·2025-12-10 17:48Core Viewpoint - Yonghui Supermarket's stock price has experienced significant fluctuations, with a recent surge leading to a market capitalization of 47.5 billion yuan, raising concerns about potential overvaluation and trading risks [1][3]. Group 1: Stock Performance - On December 10, Yonghui Supermarket's stock price hit the daily limit, marking a three-day consecutive increase, closing at 5.23 yuan [1]. - The stock's closing price on December 8 and 9 showed a cumulative deviation of 20% from its previous trading prices, prompting a risk warning from the company [3]. Group 2: Shareholder Actions - On December 8, it was reported that a significant shareholder, Shanghai Xishirun Investment Management Co., Ltd., completed a plan to reduce its holdings by 90.75 million shares, raising approximately 377 million yuan [6]. - Following this reduction, the total shares held by the major shareholder and its concerted parties decreased to 1.184 billion shares, representing 13.05% of the company's total equity [6]. Group 3: Financial Performance - For the first three quarters of 2025, 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 710 million yuan, worsening by 632 million yuan compared to the previous year [6]. - The company has accumulated losses exceeding 10.2 billion yuan over the past five years, with net profits for 2021-2024 recorded at -3.944 billion yuan, -2.763 billion yuan, -1.329 billion yuan, and -1.465 billion yuan respectively [7]. Group 4: Operational Changes - Yonghui Supermarket has closed 227 unprofitable stores as part of its restructuring efforts, which include adopting the "Pang Donglai model" to enhance operational efficiency [7]. - As of the end of the third quarter of 2025, 222 stores have been transformed under this new operational model, covering various product categories [7].