永辉超市：预计2025年净亏损21.4亿元

Core Viewpoint - The company, Yonghui Supermarket, announced a significant net profit loss forecast for 2025, projecting a net profit attributable to shareholders of -2.14 billion yuan, compared to -1.47 billion yuan in the previous year [1] Group 1: Strategic Adjustments - In 2025, the company shifted its operational strategy from "scale expansion" to "quality growth," rebranding itself under the strategy of "New Yonghui, New Quality" [1] - During the reporting period, the company made substantial adjustments to its store layout, deeply modifying 315 stores and closing 381 stores that did not align with its future strategic positioning [1] Group 2: Financial Impact of Store Adjustments - The adjustments to the stores resulted in significant financial impacts, including asset write-off losses, loss of operating income due to store renovations, and one-time startup costs, totaling approximately 910 million yuan [1] - The estimated gross profit loss due to store closures for renovations is around 300 million yuan [1] - The closure of 381 stores also incurred substantial losses, including asset write-off losses, employee severance compensation, and lease-related penalties [1] Group 3: Investment and Asset Impairment - The company recognized a fair value change loss of 236 million yuan on its overseas equity investment in Advantage Solutions due to a continuous decline in stock price [1] - A preliminary assessment indicates that the company will recognize an impairment provision of 162 million yuan for long-term assets, primarily related to continuously loss-making store assets, with the final amount subject to audit results [1]