YONGHUI SUPERSTORES(SH:601933) 中国基金报·2025-11-04 04:51Core Viewpoint - Yonghui Supermarket is closing two stores in Shenzhen due to poor management and operational challenges, reflecting broader issues in the retail sector [2][4][6]. Financial Performance - In Q3 2025, Yonghui Supermarket reported a revenue of 42.434 billion yuan, a year-on-year decline of 22.21% [8]. - The company incurred a net loss of 710 million yuan, down over 80% compared to the same period last year [8]. Store Closures and Strategy - The stores in Luohu and Nanshan will cease operations on November 16, 2025, with ongoing promotions to clear inventory [2][4]. - The closures are part of a broader strategy to optimize store performance, as the company has faced declining customer traffic and average transaction values [9]. Management's Response - The new CEO, Wang Shoucheng, emphasized a commitment to revamping the business model, aiming to regain customer trust over the next 3 to 5 years [9]. - As of Q3 2025, Yonghui has 450 operational stores, with 222 undergoing transformation as part of its new retail strategy inspired by the "Pang Donglai" model [9]. Market Performance - As of November 4, 2025, Yonghui Supermarket's stock price was 4.64 yuan per share, with a market capitalization of 42.11 billion yuan [10].