学习胖东来调改超300家门店后，永辉超市发2025全年业绩预亏公告

Core Viewpoint - Yonghui Supermarket (601933.SH) expects a net profit attributable to shareholders to be negative in 2025, indicating an anticipated operational loss for the year [1] Group 1: 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% [1] - The net loss attributable to shareholders for the same period was approximately 710 million yuan, which is more than eight times larger than the loss of 77.87 million yuan in the same period of 2024 [1] - The decline in revenue and gross margin is attributed to the company's store optimization and transformation efforts, which have temporarily impacted performance [2] Group 2: Store Transformation and Strategy - Yonghui Supermarket has initiated a comprehensive restructuring based on the "Fat Donglai" model, focusing on supply chain changes, service upgrades, and employee welfare [1] - As of the end of Q3 2025, 222 stores have completed the transformation, covering various categories including fresh food, cooked food, baking, and daily necessities [1] - The company is actively optimizing its store portfolio, closing underperforming stores while renovating potential ones, which has contributed to a decline in same-store sales and total store count [2] Group 3: Shareholder Actions - On December 8, 2025, 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 [2] - Following this reduction, the total shares held by the controlling shareholder and its concerted parties decreased to 1.184 billion shares, still representing 13.05% of the total share capital [2] Group 4: Stock Performance - On January 12, 2025, Yonghui Supermarket's stock closed at 5.36 yuan per share, up 3.88%, with a total market capitalization of 48.642 billion yuan [4] - The stock experienced a significant price fluctuation, with a cumulative increase of 20% over two consecutive trading days, prompting a risk warning announcement [3]