永辉正在学习河南零售企业胖东来，试图通过引进胖东来品牌商品、增设顾客休息区、提高员工工 资和福利等举措转型。据《观察者网》，永辉超市副总裁兼全国调改项目组负责人王守诚曾表示， 调改的关键是反内卷、促创新。 "我们通过学习胖东来，意识到真诚、品质、开放、创新才是出路，" 王守诚说，"让员工工作得快 乐满足，让消费者对品质的追求得到满足，从而带动消费活力的提升。" 2024 年 3 月以来，京东多次减持永辉，股份仅剩如今的 2.94%，其中一次减持发生在 2024 年 9 月。当时名创优品以 63 亿元的价格，收购包括京东在内的多家公司的永辉股份，共计 29.4% 。名 创优品创始人叶国富公开表示看好调改，他称更重视顾客体验、更尊重员工、没有会员制的胖东来 模式是中国超市的唯一出路。 速卖通今年要扶持 1000 个百万美元销售额的新品牌。 京东拟减持永辉超市。 京东集团旗下公司 "京东世纪贸易" 将在 4 月 2 日- 7 月 1 日期间减持永辉超市股份，计划减持数量 不超过 2.66 亿股、减持比例不超过 2.94%。减持上限也是现在京东对永辉的持股数字。 京东称，拟减持原因是 "自身资金需求"。截至今日收盘， ...

Core Viewpoint - In 2024, Yihang Intelligent achieved total revenue of 456 million yuan, representing a year-on-year growth of 288.5%, with a gross margin of 61.4%, slightly down from 64.1% in 2023. The adjusted net profit reached 43.1 million yuan, marking the first annual adjusted profit for the company. Additionally, the company recorded positive operating cash flow for the first time, with a net inflow of approximately 160 million yuan in operating cash flow [2][3]. Revenue and Profitability - In Q4 2024, total revenue was 164 million yuan, showing a year-on-year increase of 190.2% and a quarter-on-quarter growth of 28.2%. The adjusted net profit for the quarter was 36.4 million yuan, achieving adjusted quarterly profitability for three consecutive quarters, with a gross margin of 60.7% [3]. - The company projects total revenue of approximately 900 million yuan for 2025, indicating a year-on-year growth of about 97% [3]. Delivery and Certification - In 2024, Yihang Intelligent delivered a total of 216 units of the EH216 series unmanned aerial vehicles, a significant increase of 315.4% compared to 52 units in 2023, setting a new record. In Q4 alone, 78 units were delivered, marking a year-on-year growth of 239.1% [3]. - The EH216-S, the flagship product, has received the eVTOL aircraft type certificate, production license, and standard airworthiness certificate from the Civil Aviation Administration of China. The CAAC has completed document reviews and on-site inspections for two companies, with final approval pending [3]. Strategic Partnerships and Infrastructure - In December 2024, Yihang Intelligent entered into a strategic partnership with China Transportation Information Technology Group to advance nationwide digital infrastructure for air traffic, focusing on low-altitude flight hubs and initiating urban air traffic operation centers in Hefei, Shanghai, and Shenzhen [3]. - The company plans to expand its 24,000 square meter production line in Yunfu, aiming for an annual production capacity of 1,000 units by the end of 2025, in collaboration with Inboer to upgrade and expand the production line [4]. - Yihang Intelligent is collaborating with solid-state battery company Xinjie Energy to complete flight tests of eVTOLs equipped with solid-state lithium batteries, significantly enhancing the flight endurance of the EH216-S by 90%, exceeding 48 minutes [4]. Market Application and Future Outlook - Currently, Yihang's revenue and orders are limited to scenic sightseeing applications. The EH216-S's certification is expected to promote the application of eVTOLs in this sector. However, urban and intercity commuting applications are still dependent on the certification progress of other aircraft models within the industry [4]. - The company is closely monitoring the certification progress of its operational capability (OC) and the airworthiness certification (TC) advancements of other companies in the industry [4].