天眼查App显示，近日，涉县易美佳贸易超市（个体工商户）成立，法定代表人为贾梦燚，注册资本0.5 万人民币，经营范围为一般项目：包装服务；日用品销售；食品互联网销售（仅销售预包装食品）。 （除依法须经批准的项目外，凭营业执照依法自主开展经营活动）许可项目：酒类经营；食品销售；餐 饮服务。（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准 文件或许可证件为准）。 ...

Core Viewpoint - Gao Xin Retail, the parent company of RT-Mart, reported a significant loss for the first half of the fiscal year, indicating challenges in the retail sector due to increased competition and consumer fatigue [2][3]. Financial Performance - Gao Xin Retail's revenue for the six months ending September 30, 2025, was RMB 30.502 billion, a decrease of 12.12% year-on-year [2]. - The company reported a loss attributable to equity shareholders of RMB 123 million, compared to a profit of RMB 206 million in the same period last year [2]. - Revenue from merchandise sales was RMB 29.081 billion, down 12.4% from RMB 33.186 billion year-on-year, attributed to lower average transaction sizes and prices due to market competition and consumer behavior [2]. Revenue Breakdown - Membership fee income increased to RMB 18 million, up 28.6% from RMB 14 million year-on-year [3]. - Rental income decreased to RMB 1.403 billion, down 7.0% from RMB 1.508 billion year-on-year, primarily due to rental reductions and tenant restructuring [3]. Future Development Plans - Gao Xin Retail plans to focus on a retail model that emphasizes "healthy products + enjoyable experiences + attentive service" over the next three years, targeting family and young consumer needs [3].

Core Points - Yonghui Supermarket announced a plan to reduce shareholding by up to 90.75 million shares, representing no more than 1% of the total share capital, due to funding needs [2][3] - As of June 30, 2025, the chairman Zhang Xuansong and his associates hold a total of 1.275 billion shares, accounting for 14.05% of the company [3] - The market value of the planned share reduction is approximately 430 million yuan, based on the closing price of 4.74 yuan per share on the announcement date [3] - The company reported a revenue of 42.434 billion yuan for the first three quarters of the year, a year-on-year decline of 22.21%, with a net loss of approximately 710 million yuan, an increase in loss of 811.60% compared to the previous year [3][4] Company Operations - As of the end of Q3 2025, Yonghui Supermarket has opened 450 stores and closed 325 stores, with a target of 775 stores by the end of 2024 [4][5] - The company opened only 2 new stores in Q3 2025, indicating a slowdown in expansion [4][5] - Despite the revenue decline, same-store sales have shown positive growth after optimizing existing stores and focusing on core adjustments [5] Stock Performance - Following the announcement of the share reduction plan, Yonghui Supermarket's stock price fell by 2.74%, closing at 4.61 yuan per share, with a market capitalization of approximately 41.8 billion yuan [6]

Core Viewpoint - Gao Xin Retail, under the management of Dehong Capital for over six months, reported disappointing mid-term results, indicating challenges in revenue and profitability amidst market competition and consumer fatigue [2][5]. Financial Performance - Gao Xin Retail achieved revenue of 30.502 billion RMB, a decrease of 12.1% year-on-year [4][5]. - Gross profit was 7.719 billion RMB, down 9.5% compared to the previous year [4][5]. - The company reported a net loss of 127 million RMB [2]. - Same-store sales growth was -11.7%, reflecting a decline in average transaction size and product prices [5]. Revenue Breakdown - Revenue from merchandise sales was 29.081 billion RMB, a decrease of 12.4% from 33.186 billion RMB in the previous year [5]. - Rental income was 1.403 billion RMB, down 7.0% from 1.508 billion RMB [6]. - Membership fee income increased by 28.6% to 18 million RMB from 14 million RMB [7]. Operational Adjustments - The company has 462 hypermarkets, 32 medium-sized supermarkets, and 7 membership stores as of the reporting period [8]. - Despite revenue decline, the gross margin improved to 25.3%, up from 24.6% year-on-year [9]. - Administrative expenses were reduced by 17.2% to 711 million RMB, primarily due to a decrease in personnel costs [10]. Strategic Initiatives - Gao Xin Retail is undergoing significant organizational restructuring, consolidating five operational regions into four [11]. - The company has initiated a front warehouse project, with five locations established by September 2025, each averaging 500 square meters [12]. - The focus on private label products is increasing, with the launch of "Super Savings" and "Runfa Selection" series aimed at enhancing price competitiveness and health trends [12]. Future Direction - The company aims to enhance customer experience and operational efficiency over the next three years, targeting family and young consumer needs [14]. - A special transformation team has been established to oversee the execution of the three-year strategy [14].

每经编辑｜许绍航 11月11日晚，永辉超市发布公告称，公司收到董事长张轩松及其一致行动人的告知函，因自身资金需求拟通过集中竞价交易方式减持公司股份合计不超过 9075万股，即不超过公司总股本的1%。该减持计划自公告之日起十五个交易日后的三个月内进行。 截至2025年6月30日，张轩松及其一致行动人合计持股永辉超市12.75亿股，占比14.05%。目前，张轩松为永辉超市法定代表人、董事长、董事等，持有该 公司8.72%股份。 若以公告当日（11月11日）收盘价4.74元/股计算，本次减持股份市值约为4.3亿元。 值得一提的是，就在本次减持的前四天，永辉超市副总裁罗雯霞刚刚完成一笔减持。11月7日，永辉超市公告称，罗雯霞于2025年11月7日通过集中竞价减 持10.87万股，占公司总股本0.0012%，成交价4.59元/股，成交金额49.89万元。 资料显示，永辉超市主要业务为通过线下门店端+线上出售精选商品，业务覆盖各年龄段消费者。 图源：永辉超市官网 业绩方面，今年前三季度，永辉超市实现营业收入424.34亿元，同比下降22.21%；净利润亏损约7.10亿元，亏损同比扩大811.60%。去年同期，其归母净 亏 ...

Core Viewpoint - Yonghui Supermarket's major shareholder, Zhang Xuansong, and his associated entity plan to reduce their holdings due to personal financial needs, which may impact the company's stock performance in the near term [2][3]. Shareholder Reduction Plan - The shareholder intends to reduce up to 90.75 million shares, representing a maximum of 1% of the total shares [3]. - The reduction will occur through centralized bidding over a three-month period starting from December 4, 2025 [3]. - If the reduction is fully executed, 53% of the shares held by the associated entity will be sold [3]. Market Reaction - Following the announcement, Yonghui Supermarket's stock opened lower and closed at 4.61 yuan, suggesting a potential profit of approximately 418 million yuan for the shareholder if the reduction is completed at this price [3]. Company Performance and Strategy - As of September 30, Yonghui Supermarket operated 450 stores, with 222 undergoing transformation under the "Learning from Pang Donglai" initiative, indicating significant progress in its operational strategy [4]. - Despite the transformation efforts, the company has faced challenges, including a decline in revenue and profits, leading to multiple shareholder reduction announcements this year [4]. Financial Results - For the first three quarters of the year, Yonghui Supermarket reported revenue of 42.434 billion yuan, a year-on-year decrease of 22.21%, and a net loss of 710 million yuan, which is an eightfold increase compared to the same period last year [5]. - Analysts suggest that the company may begin to recover from its transformation challenges by 2026-2027, with expectations of reduced losses next year and potential profit release by 2027 [5].

Core Viewpoint - Major shareholder Zhang Xuansong and his associated entity plan to reduce their stake in Yonghui Supermarket due to personal funding needs, which may impact the company's stock performance in the near term [1][2]. Shareholder Reduction Plan - The shareholder, Shanghai Xishirun Investment Management Co., Ltd. - Xishirun Helun No. 6 Private Securities Investment Fund, intends to reduce up to 90.75 million shares, representing a maximum of 1% of the total shares [2]. - The reduction will occur through centralized bidding over a three-month period starting fifteen trading days after the announcement [1][2]. - If the reduction is fully executed, 53% of the shares held by the fund will be sold [2]. Recent Stock Performance - Following the announcement, Yonghui Supermarket's stock opened lower, closing at 4.61 yuan, which could yield approximately 418 million yuan in profit for the shareholder if the reduction is completed at this price [2]. - The last personal reduction by Zhang Xuansong occurred in March 2023, where he sold 90.48 million shares at an average price of 3.32 yuan, totaling over 300 million yuan [3]. Company Transformation and Market Response - Yonghui Supermarket has initiated a transformation inspired by "Learning from Pang Donglai," with 450 stores nationwide and 222 stores already undergoing transformation as of September 30 [5]. - Despite the transformation efforts, the company has faced challenges, including the closure of underperforming stores, leading to a decline in both revenue and profit [6]. - For the first three quarters of the year, Yonghui reported revenue of 42.434 billion yuan, a year-on-year decrease of 22.21%, and a net loss of 710 million yuan, significantly worsening from a net loss of 78 million yuan in the same period last year [8]. Future Outlook - Market analysts are focused on when the transformation will yield tangible improvements in performance, with expectations that Yonghui may begin to recover from its reform challenges between 2026 and 2027 [8].

Group 1 - The core point of the news is that Yonghui Supermarket's chairman Zhang Xuansong and his associates plan to reduce their shareholding due to personal financial needs, which reflects the company's ongoing performance challenges [1][2] - Zhang Xuansong and his associates intend to reduce a total of up to 90.75 million shares, representing no more than 1% of the company's total share capital, with the reduction period set from December 4, 2025, to March 3, 2026 [1] - As of June 30, 2025, Zhang Xuansong and his associates held a total of 1,274,987,806 shares, accounting for 14.05% of Yonghui Supermarket [1] Group 2 - Yonghui Supermarket reported a revenue of 42.434 billion yuan for the first three quarters of the year, a year-on-year decline of 22.21%, and a net loss attributable to shareholders of approximately 710 million yuan, which is more than eight times larger than the loss of 77.87 million yuan in the same period last year [2] - In the third quarter, the company's revenue fell by 25.55% to 12.486 billion yuan, with a net loss of 469 million yuan, an increase of 116 million yuan compared to the previous year [2] - The company attributes the revenue decline to intense industry competition, changes in consumer habits, and a decrease in foot traffic and average spending at existing stores [2] Group 3 - Yonghui Supermarket has been optimizing its stores by eliminating underperforming locations, with a total of 222 stores adjusted as of the third quarter, and an expectation to reach 300 stores by the Spring Festival of 2026 [2] - The average foot traffic in adjusted stores increased by 80% in October, with over 60% of these stores entering a stable period, achieving the highest profitability in five years [2] Group 4 - As of the time of reporting, Yonghui Supermarket's stock price was 4.61 yuan per share, reflecting a decline of 2.74% [3]

Core Viewpoint - The retail sector, particularly traditional supermarkets, continues to face significant pressure, with high competition and weak consumer demand leading to declining revenues for companies like Gao Xin Retail, the parent company of RT-Mart [1][2]. Financial Performance - Gao Xin Retail reported a revenue of 30.502 billion yuan for the six months ending September 30, a year-on-year decline of 12.1%, with merchandise sales down 12.4% [1]. - The company recorded a loss of 127 million yuan in the first half of the 2026 fiscal year, following a brief profitability in the 2025 fiscal year [2]. Strategic Initiatives - Following the acquisition by Dehong Capital, RT-Mart introduced a "three-year strategy" focusing on enhancing product differentiation and cost advantages through national procurement and private label upgrades [3]. - The company established a dual-brand matrix for its private label products, featuring the "Super Savings" series and "RT-Mart Selected" to cater to different customer segments [3]. Store Optimization - RT-Mart is optimizing its store layout to enhance customer experience, including changes like shorter shelves, reduced shelf height, and creating fresh food areas for immediate consumption [4]. - The new generation of large supermarkets will have a controlled area of 6,000 to 7,500 square meters, with a streamlined product range of approximately 15,000 SKUs [5]. Online Sales Growth - Online sales are expected to be a significant growth driver, with the company launching a front warehouse project in five cities, averaging 500 square meters per warehouse and daily sales of about 50,000 yuan [6]. - Gao Xin Retail aims to increase the online sales contribution to 40-50% over the next three years, although current online sales show a trend of increasing volume but decreasing prices [7]. Brand Contribution and Comparisons - As of September 30, the combined sales contribution from RT-Mart's dual brands was over 2% [8]. - In comparison, Yonghui Supermarket, which has been implementing similar brand strategies, reports a sales contribution from its private labels ranging from 5% to 15% [9]. Future Plans and Challenges - The company plans to complete over 30 store renovations by the end of the 2026 fiscal year and over 200 by the end of the 2027 fiscal year, which may lead to short-term financial pressures [10].

Summary of Key Points Core Viewpoint The announcement from the Haidian District Market Supervision Administration in Beijing details the results of food safety inspections conducted from September 29 to October 28, 2025, revealing that out of 276 food samples tested, 256 were compliant while 20 were found to be non-compliant. Group 1: Overall Inspection Results - A total of 276 food samples, including edible agricultural products, were inspected [2][3] - Out of these, 256 samples were found to be compliant, resulting in a compliance rate of approximately 92.5% [3] Group 2: Non-Compliant Samples - The non-compliant samples included various products from different companies, with specific violations noted: - Beijing Jinfeng Chengxiang Technology Co., Ltd. had iron stick yam with residues of mefenoxam and manganese salt exceeding safety standards [3] - Beijing Dongfanghong Catering Co., Ltd. had chili peppers with residues of thiamethoxam exceeding safety standards [3][4] - Beijing Chaoshifa Chain Co., Ltd. sold flat-leaf onions with thiamethoxam exceeding safety standards [4] - Beijing Qianxi Longteng Technology Development Co., Ltd. had mangoes and ginger with pesticide residues exceeding safety standards [4][5] - Other non-compliant products included various vegetables and meats with issues such as excessive moisture and pesticide residues [5][6][8] Group 3: Regulatory Actions - The Haidian District Market Supervision Administration has initiated investigations and actions against the companies responsible for the non-compliant products [8][9]