Chang Jiang Shang Bao·2025-12-23 09:14Core Viewpoint - The well-known retail chain Hongqi Chain is facing a third round of share reduction by its major shareholder Yonghui Supermarket within the year, indicating potential financial strain on both companies [1][2]. Group 1: Share Reduction Details - Yonghui Supermarket plans to reduce its holdings in Hongqi Chain by up to 40.8 million shares, accounting for 3% of the total share capital, due to its own funding needs [1]. - The reduction will occur through a combination of centralized bidding (up to 13.6 million shares, or 1%) and block trading (up to 27.2 million shares, or 2%) [1]. - This marks the third time since 2025 that Hongqi Chain has disclosed Yonghui Supermarket's share reduction plans, with previous reductions resulting in over 160 million yuan in cash [1]. Group 2: Financial Performance of Hongqi Chain - Hongqi Chain's revenue has stagnated, with reported revenues of 10.02 billion yuan, 10.13 billion yuan, and 10.12 billion yuan from 2022 to 2024, showing year-on-year changes of 7.15%, 1.12%, and -0.09% respectively [2]. - The net profit attributable to shareholders for the same period was 486 million yuan, 561 million yuan, and 521 million yuan, with year-on-year changes of 0.90%, 15.53%, and -7.12% respectively [2]. - In the first three quarters of 2025, both revenue and net profit declined, with revenue at 7.108 billion yuan (down 8.48%) and net profit at 383 million yuan (down 1.89%) [2]. Group 3: Financial Performance of Yonghui Supermarket - Yonghui Supermarket reported a significant decline in revenue for the first three quarters of 2025, totaling 42.434 billion yuan, a decrease of 22.21% year-on-year [3]. - The company experienced a net loss of 710 million yuan, compared to a loss of 77.87 million yuan in the same period last year [3]. - Yonghui Supermarket has faced continuous net losses for four consecutive years, with total losses exceeding 9.5 billion yuan from 2021 to 2024 [3].