Core Viewpoint - Yonghui Supermarket reported a significant decline in revenue and a net loss for the first half of 2025, primarily due to strategic transformations and store closures [1][2]. Financial Performance - The company's revenue for the first half of 2025 was 29.948 billion yuan, a decrease of 20.73% compared to the same period last year [1]. - The net loss for the period was 241 million yuan, marking a shift from profit to loss year-on-year [1]. - The overall gross margin was 20.80%, down 0.78% from the previous year [1]. Store Operations - During the reporting period, the company closed 227 loss-making stores, incurring costs related to lease and personnel compensation, as well as asset write-offs [1]. - An additional announcement indicated plans to close 186 more stores in the second quarter of 2025, with an expected loss of 827 million yuan from these closures [3]. Online Business Development - Online business revenue reached 5.49 billion yuan, accounting for 18.33% of total revenue, with a year-on-year reduction in losses of 34.75 million yuan [2]. - The self-operated home delivery service achieved sales of 3.14 billion yuan, with an average daily order volume of 216,000 and a monthly repurchase rate of 56.3% [2]. - The company is focusing on expanding its online business in lower-tier cities and has achieved profitability in its online store warehouse model [2]. Supply Chain and Product Management - The company signed contracts for bare procurement with 2,860 standard product suppliers during the reporting period, optimizing supplier management by reducing the number of suppliers by approximately 50% [2].