图片来 源：CNN 虽然该批次货物并未进入美国市场，但来自同一供应商的两磅装Great Value白虾产品已分发到美国至少 13个州的沃尔玛门店，包括阿拉巴马州、阿肯色州、佛罗里达州、佐治亚州、肯塔基州、路易斯安那 州、密苏里州、密西西比州、俄亥俄州、俄克拉荷马州、宾夕法尼亚州、德克萨斯州和西弗吉尼亚州。 沃尔玛称已对该产品进行召回。 港口扣留的货品中铯检出量为68Bq/Kg，远低于规定干预标准（1200Bq/Kg），但FDA（美国食品药品 管理局）出于谨慎考虑仍然发布了警告，敦促公众丢弃或退回相关产品，不要食用。FDA表示，该供应 商的产品"似乎在不卫生的条件下准备、包装或存放，可能受到铯-137的污染"，并称长期低剂量接触放 射性元素可能存在致癌风险。FDA还表示正在与印尼海鲜监管机构联合展开调查。 来源：环球网 【环球网编译 记者 黄诗瑞】据美国有线电视新闻网8月20日报道，美国食品药品监督管理局称，在美国 洛杉矶、休斯顿、萨凡纳和迈阿密港口扣留一批来自印尼供应商BMS Foods的冷冻虾样本，其中检测出 放射性同位素铯-137。 ...

格隆汇8月21日｜在业绩公布前，沃尔玛盘前跌逾2%。 ...

Core Viewpoint - The current market performance reflects a shift in consumer behavior towards valuing quality and practicality over brand prestige, rather than a simple downgrade in consumption [1][2][3] Group 1: Consumer Behavior Changes - The term "consumption downgrade" has sparked discussions, but it may actually indicate a more discerning consumer base that prioritizes true value [1] - Consumers are increasingly moving from high-priced, low-quality products to options that offer better cost-performance ratios, driven by rational judgment rather than economic pressure [1][2] - There is a notable shift from passive acceptance of brands to active selection based on personal needs and value alignment [2][3] Group 2: Market Trends and Data - National per capita consumption expenditure has shown a compound annual growth rate of 6.8% from 2020 to 2024, significantly outpacing the average CPI growth during the same period [2] - E-commerce platforms like Pinduoduo have successfully challenged the notion that low prices equate to low quality, capturing consumer interest in practical value [2][3] Group 3: Competitive Landscape - Mid-to-high-end e-commerce platforms like JD.com face challenges as consumer sensitivity to brand premiums decreases, necessitating improvements in supply chain efficiency and service quality [3] - JD.com has managed to improve its operating profit margins through investments in logistics, quality control, and after-sales service [3] Group 4: Implications for Businesses - Companies must adapt to changing consumer demands by innovating products and services to enhance competitiveness [5] - A rational consumer mindset is essential for sustainable market development, avoiding blind pursuit of brand prestige and material accumulation [5]

Core Viewpoint - HeBai Group (000417) is planning to upgrade its HeJiaFu supermarket in the High-tech Zone to a new HeJiaFu 3.0 innovative store model, focusing on category, quality, service, and scenario upgrades to better meet consumer needs and adapt to market changes [1] Group 1 - The upgrade will cover a total area of 5,400 square meters, including partial adjustments to the first floor and overall adjustments to the second floor [1] - The store transformation will be driven by data and customer demand, combining short-term renovations with long-term operational improvements [1] - The goal is to achieve a comprehensive transformation of the store from "physical space optimization" to "operational capability enhancement," including supply chain reform and service capability improvements [1]

文 | 《BUG》栏目 徐苑蕾 永辉超市2025年半年报昨日揭晓，尽管"胖东来模式"调改门店已超百家，但仍难抵消整体收缩带来的业 绩缺口。 财报显示，公司上半年营收299.48亿元，同比下滑20.73%；归母净利润由盈转亏，录得亏损2.41亿元。 收入骤降背后，是永辉超市自2024年下半年启动的深度转型：大规模关店227家、门店调改歇业及供应 链汰换导致阵痛。 除了表面上的业绩下滑，永辉超市还面临着更多深层弊病。有食品供应链人士透露，永辉超市此前采购 体系存在"卡要"乱象，腐败问题频发。 此外，财报显示，永辉超市第一大股东、法人为叶国富的广东骏才国际商贸有限公司已质押18.68亿股 公司股份，占其全部持股的70%，占总股本的20.58%，使得永辉超市的质押率逼近30%警戒线。 值得注意的是，随着名创优品和其创始人叶国富的入主，今年上半年，永辉超市董事会迎来重大调整。 永辉超市创始人之一张轩松继续担任董事长，此外叶国富等"名创系"高管进入董事会，而京东背景、原 永辉超市CEO李松峰则未再当选新一届董事。财报数据显示，2024年，张轩松获得税前报酬总额为 60.43万元。 由盈转亏，福州大本营大规模关店 2024 ...

Core Insights - Yonghui's Lugu store will undergo a major renovation and reopen on August 26, with over 50% of its products being replaced [1] - The store will move to the second floor, featuring a complete restructuring of shelf layouts and an increase in the proportion of imported goods to nearly 20% [1] - The renovation aims to enhance customer experience by introducing complementary commercial services and improving accessibility [1] Company Strategy - The store will adopt a model similar to "Pang Donglai," focusing on "quality and affordability" with new products from both Pang Donglai and Yonghui's private label [1] - The main aisle will be widened to 3 meters, and shelf heights will be standardized to improve shopping convenience [1] Community Engagement - A new "Love Station" will be established to provide free drinking water, emergency medicines, and resting spaces for local sanitation workers and delivery personnel [1] - The renovated store will introduce over 30 convenience services, including free tea and ice packs, to better serve the local community [1] Expansion Plans - Yonghui has already renovated over 160 stores nationwide, with plans to reach 12 renovated stores in Beijing soon [1] - Additional stores in Langfang and Daxing are set to undergo renovations and reopen on August 28 and September 12, respectively [1]

Core Insights - Yonghui Supermarket reported a revenue of 29.948 billion yuan for the first half of 2025, representing a year-on-year decline of 20.73% [1] - The company incurred a net loss of 241 million yuan, compared to a net profit of 275 million yuan in the same period last year [1] Revenue Decline Factors - The revenue decline is attributed to the company's deep strategic and operational transformation initiated in the second half of 2024, which included closing long-term loss-making stores and temporary closures for store renovations [1] - Although revenue from renovated stores significantly increased compared to the same period, it was insufficient to offset the revenue loss from store closures [1] Store Operations - During the reporting period, Yonghui closed 227 loss-making stores and opened 124 renovated stores [1] Company Background - Yonghui Supermarket was established in April 2001, with a registered capital of 9.075 billion yuan [1] - The company is co-owned by Guangdong Jun Cai International Trade Co., Ltd. and Zhang Xuansong, among others [1] - Yonghui has invested in 83 enterprises, with 66 currently active, including Hongqi Chain (002697) and Yonghui Cloud Creation Technology Co., Ltd., and has made indirect investments in 276 companies [1]

Core Viewpoint - The company has transitioned from profit to loss in the first half of the year, with a focus on store adjustments and closures impacting overall performance, but expects significant improvement in Q4 [1][2]. Financial Performance - In the first half of the year, the company reported revenue of 29.948 billion yuan, a year-on-year decrease of 20.73%, and a net loss attributable to shareholders of 241 million yuan, an increase in loss of 516 million yuan year-on-year [1]. - The adjusted net loss attributable to shareholders was 802 million yuan, an increase in loss of 832 million yuan year-on-year [1]. - The decline in revenue is attributed to the closure of long-term loss-making stores and the temporary suspension of operations during store adjustments [1]. Store Adjustments and Closures - The company closed a total of 227 loss-making stores in the first half of the year, with 552 stores still in operation and 124 stores undergoing adjustments as of the reporting period [2]. - The company plans to reach 200 adjusted stores by the end of September, with 160 adjusted stores reported as of mid-month [2]. - The chairman indicated that the closure of stores will continue in the second half of the year, based on market conditions and overall store performance [2]. Product Development - The company is also advancing its private label products, having launched orange juice and laundry detergent, with plans to introduce 60 new items covering daily and food products throughout the year [2]. Investor Concerns - Despite the net loss, the company reassured investors that it has sustainable operational capabilities and does not face ST risk [3].

Core Viewpoint - Yonghui Supermarket Co., Ltd. reported a significant decline in revenue and net profit for the first half of 2025, attributed to the closure of unprofitable stores and ongoing supply chain reforms [1][3][4]. Company Overview and Financial Indicators - Yonghui Supermarket's total revenue for the first half of 2025 was CNY 29.95 billion, a decrease of 20.73% compared to CNY 37.78 billion in the same period last year [3][6]. - The net profit attributable to shareholders was a loss of CNY 240.57 million, compared to a profit of CNY 275.31 million in the previous year [3][4]. - The company's net assets decreased by 6.07% to CNY 4.17 billion from CNY 4.44 billion at the end of the previous year [3][4]. - The total assets also saw a decline of 20.55%, dropping to CNY 33.96 billion from CNY 42.75 billion [3][4]. Business Performance Analysis - The company closed 227 unprofitable stores during the reporting period, which significantly impacted revenue [6][7]. - The gross profit margin for the reporting period was 20.80%, down 0.78 percentage points from the previous year [3][4]. - Online business revenue reached CNY 5.49 billion, accounting for 18.33% of total revenue, with a year-on-year reduction in losses of CNY 34.75 million [4][6]. - The company has implemented a "three accelerations" strategy to enhance online business, focusing on expanding into lower-tier cities, promoting profitable online store models, and improving service offerings through online channels [4][6]. Industry Context - The retail industry in China saw a total retail sales of consumer goods amounting to CNY 245.46 billion in the first half of 2025, reflecting a year-on-year growth of 5.0% [4][6]. - Online retail sales reached CNY 74.30 billion, with a growth rate of 8.5%, indicating a shift in consumer purchasing behavior towards online platforms [4][6]. Operational Changes - The company has restructured its supply chain, signing contracts with 2,860 standard suppliers to enhance product quality and reduce costs [4][6]. - Yonghui has also optimized its logistics operations by consolidating 30 logistics centers into 18 logistics parks, improving distribution efficiency across 26 provinces [4][6]. - The company opened 4 new stores during the reporting period, bringing the total number of operational stores to 552, with plans for further expansion [4][6].

表决权恢复的优先股股东及持股数 截至报告期末股东总数（户） | 359,830 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 截至报告期末表决权恢复的优先股股东总数 | | | | | | | | | | | （户） | | | | | | | 0 | | | | 10 | | 前 | 名股东持股情况 | | 持有有 | | | | | | 持股 | | | | | | | | | | | 股东 | | | | 持股 | | 限售条 | | | 质押、标记或冻结的股 | | 股东名称 | | 比例 | | | | | | | | | 性质 | | | | 数量 | | 件的股 | | | 份数量 | | (%) | | | | | | | | | | | | | | | | 份数量 | | | | | | 境内 | | | | | | | | | | | 广东骏才国际商贸有限公 | | 非国 | | | | | | | | | 司 | 有法 | | | | | | | | | | 人 | ...