曾经风光无限的生鲜巨头——永辉超市，如今正面临前所未有的困境。这家A股零售业上市公司，近日发布公告，宣布二季度拟关闭186家门店，预计将带 来高达8.27亿元的损失。 永辉超市的困境并非孤例。2023年，全国关闭的超市门店超过800家，传统商超普遍面临规模神话破灭的危机。零售业多元化竞争日趋白热化，实体零售面 临着前所未有的挑战，尤其是来自社区团购的巨大冲击。 在此背景下，永辉超市将翻盘的希望寄托在了河南许昌的零售网红——胖东来身上。2024年5月，永辉超市高调宣布启动学习胖东来模式，以商品精选、服 务升级、环境焕新为核心，推进门店调改。 被网友誉为"没有淡季的6A级景区"的胖东来，确实有其独到之处。它以极端精细化运营著称：给予员工远高于行业平均水平的两倍工资；3元的西瓜也敢承 诺无理由退换；甚至为清洁工设计10种不同用途的抹布。创始人于东来的经营哲学是："对人的重视，是我们成功的关键"，"你对员工好，员工对顾客好， 顾客对社会好，这就形成了良性循环。"于东来会将企业年终利润的50%分给员工。在商品质量控制方面，胖东来更是近乎苛刻：肉类检测项目比国家标准 多出15项；活鱼要在清水中养10天，清除硫酸铜残留后才 ...

"还没反应过来，岗位就报满了！" 据此前报道，胖东来新乡三胖店开业拟招聘900名新员工，其中边防退伍军人计划录用200人；刑释人员计划录用20人，此次招聘岗位仅限河南地区人员投 递。其中，保安、保洁的岗位要求显示，招聘人员需本科及以上学历，年龄25周岁以下（含25周岁），"月薪近9000元"。 据此前于东来介绍，此次招工方案正在制定标准，将分批次推进，不采取一次性招满的方式。 8月23日10时，胖东来新乡三胖店本轮招聘开启简历投递环节。有网友发现，简历投递环节开始后不到50分钟，简历投递通道已关闭。 招聘页面显示：非常抱歉！截至此时，本次所有岗位接收的有效简历数量均已达到岗位要求，投递通道现已关闭。 报名渠道确定为线上，同时设置系统初审环节，不符合标准的报名信息无法进入后续流程。此次招工还特别设置了报名截止机制：报名人数达到3000人 时，将自动停止接收报名。 于东来解释，这样做是为了避免因报名人数过多、远超岗位数量，导致大量人员落空，减少不必要的失落感。 截至2025年1月，胖东来员工人数约8300人，共安排就业人数约18000人。2024年销售总金额近170亿元，纳税金额6亿多元，利润8亿多元，员工平均月 ...

Core Insights - The success of Pang Donglai supermarket has drawn significant attention in the retail industry, particularly due to its unique employee-centric business model and exceptional customer service [1][2][5] - Pang Donglai's founder, Yu Donglai, made a groundbreaking decision in 1999 to distribute half of the company's annual profits, amounting to 17 million yuan, directly to employees, which has been sustained for thirty years [1][4] - The supermarket has become a "paradise" for both employees and customers, offering high salaries, extended vacations, and a wide range of fresh, quality products [1][2] Employee-Centric Model - Employees at Pang Donglai enjoy substantial benefits, with cleaners earning up to 9,000 yuan per month and store managers making over one million yuan annually, positioning the company as a "heavenly enterprise" [1] - The supermarket empowers employees with significant autonomy, allowing them to handle customer returns, compensations, and gifts without needing managerial approval, which enhances service efficiency and customer loyalty [1][2] Business Philosophy - Pang Donglai's approach contrasts sharply with traditional retail practices, focusing on a few stores and prioritizing employee well-being over aggressive expansion [2][4] - The company's philosophy is encapsulated in Yu Donglai's statement that "employees are assets, not costs," highlighting the value placed on employee welfare and engagement [4][5] Broader Impact - The influence of Pang Donglai extends beyond its local market, attracting customers from other regions and even leading to product resales at a premium [4] - The supermarket's success challenges conventional retail norms and encourages a reevaluation of business ethics and corporate responsibility within the industry [5]

永辉超市日前发布的2025年中报显示，今年上半年，永辉超市实现营收299.48亿元，同比下降20.73%，归母净亏损为2.41亿元，去年同期 净利润则为2.75亿元，净利润减少了5.16亿元。 | 主要会计数据 | 本报告期 (1-6月) | 上年同期 | 本报告期比上 年同期增减 | | --- | --- | --- | --- | | | | | (%) | | 营业收入 | 29.948.457.791.00 | 37.779.186.915.06 | -20.73 | | 利润总额 | -207.059.790.76 | 323.783.654.06 | 不适用 | | 归属于上市公司股东的净利润 | -240.571.558.24 | 275.314.748.17 | 不适用 | | 归属于上市公司股东的扣除非经常 | -802.186.001.12 | 29,862,483.55 | 不适用 | | 性损益的净利润 | | | | | 经营活动产生的现金流量净额 | 1.207.812.864.00 | 2.939.805.871.88 | -58.92 | | | 本报告期末 | 上年度末 | ...

上 市 公 司 商贸零售 2025 年 08 月 22 日 永辉超市 (601933) ——存量门店调改加速，静待盈利拐点 报告原因：有业绩公布需要点评 增持（维持） | 市场数据： | 2025 年 08 月 22 日 | | --- | --- | | 收盘价（元） | 4.96 | | 一年内最高/最低（元） | 7.87/2.15 | | 市净率 | 10.8 | | 股息率%（分红/股价） | - | | 流通 A 股市值（百万元） | 45,012 | | 上证指数/深证成指 | 3,825.76/12,166.06 | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据: | 2025 年 06 月 30 日 | | --- | --- | | 每股净资产（元） | 0.46 | | 资产负债率% | 88.21 | | 总股本/流通 A 股（百万） | 9,075/9,075 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： 《永辉超市（601933）点评：品质零售转 型加快，长期盈利改善可期》 2025/04/27 《永辉超市（601933）点评 ...

21世纪经济报道记者吴抒颖 时隔四年，名创优品再度录得利润下滑，但名创优品管理层在业绩会上表 现从容，投行机构也态度积极。 8月21日晚间，名创优品发布2025年中报。今年上半年，名创优品实现收入93.93亿元，同比增长 21.1%；经营利润为15.46亿元，同比增长3.4%；期内利润则下降至9.06亿元，同比减少23.1%。 名创优品期内利润下滑的主要原因指向其投资的永辉超市（601933）报告期内出现亏损，由此带来的拖 累。虽然对财务报表带来明显的影响，但名创优品管理层不认为这是问题，因为名创优品的营运指标表 现要好于预期。 泡泡玛特有意控制门店数量，名创优品依靠合伙人迅猛增长；泡泡玛特自有IP走向成熟，名创优品自有 IP仍在萌芽阶段；泡泡玛特不甚在意规模，名创优品却要在传统零售行业做"过窄门"的变革者，名创优 品创始人叶国富相信，他能够拯救积重难返的永辉超市。 不同的路径分野，注定名创优品无法完全沿袭泡泡玛特的进阶模式。名创优品，首先要成为它自己。 受累永辉 名创优品此番利润下滑，市场并非没有预料。去年9月，因为突然公告收购永辉超市29.4%股权，名创 优品股价一度承压，投资者对这宗交易也有不同看法。虽 ...

中国连锁经营协会（CCFA）最新公布的数据显示，中国超市百强企业的销售总额在过去一年里达到了约9000 亿元人民币，虽然实现了0.3%的微小增长，但门店总数却显著下滑了9.8%，减少到了2.52万家。这一数据揭 示了超市行业在多元化消费趋势和电商冲击下的转型挑战。 在行业变革的大潮中，超市百强企业的表现呈现出鲜明的两极分化。据统计，仅有14家企业实现了销售额和 门店数量的双重增长，这些企业在激烈的市场竞争中凭借精准的市场战略、创新的运营模式和卓越的服务品 质脱颖而出，成为行业中的佼佼者。 | 序号 | 企业名称 | 超市品牌 | 2024销售规模总计 | 销售额同比 | 2024门店总数 | 门店數同比 | 备注 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (含税万元) | (%) | (个) | (%) | | | 1 | 沃尔玛(中国) 投资有限公司 | 沃尔玛,山姆 | 15884490 | 19.6 | 334 | (8.5) | ★ 1 | | 2 | 康成投资(中国)有限公司 | 大润发、大调发Super、M会员店 | 7 ...

"减亏"仍然是永辉超市当前的核心任务。 8月20日晚间，永辉超市（601933.SH）发布2025年半年报，公司营业收入为299.48亿元，同比减少20.73%；归属于上市公司股东的净利润为亏损2.41亿 元，上年同期为盈利2.75亿元；扣除非经常性损益后的净利润为亏损8.02亿元，上年同期为盈利2986.25万元。 营收大幅下滑与永辉急速闭店有关。 继2024年关闭200多家门店后，2025年上半年，永辉超市再闭店227家，这直接导致公司整体销售规模收缩。与此同时，为靠近"胖东来模式"，永辉对商品 供应链进行改革，大量汰换供应商和商品，带来较重成本负担，进一步拖累利润。 不过，在未来较长时间内，闭店和门店调改仍是永辉的主线任务。据其日前发布的公告显示，永辉超市后续拟调改门店约300家，单店调改成本超1800万 元。而拉长时间线来看，永辉过去4年已经累计亏损超95亿元。 高额投入下，永辉调改店的盈利情况尚不明确。本次半年报中，永辉也未披露单店的回本周期。 针对已调改门店的回本和盈利情况，以及公司业绩压力何时缓解等，内参君询问永辉超市方面，对方表示：所有的内容以业绩公告为准。 调改继续，永辉募资止亏 得益于加快 ...

Group 1 - 12306 responded that it is currently not possible to add a smoking carriage to high-speed trains due to safety considerations, although suggestions for such a carriage on green trains will be reported [2][3] - Chengdu's market supervision bureau reported an incident where a car with a 50-liter fuel tank was filled with 67.96 liters of gasoline, leading to an ongoing investigation [2][3] - Yonghui Supermarket reported a total revenue of 29.948 billion yuan for the first half of 2025, a year-on-year decline of 20.73%, and a net loss of 241 million yuan compared to a profit of 275 million yuan in the same period last year [5][6] Group 2 - Bilibili's second-quarter revenue reached 7.34 billion yuan, a year-on-year increase of 20%, with a net profit of 220 million yuan and an adjusted net profit of 560 million yuan, both hitting record highs [13] - China Petroleum & Chemical Corporation (Sinopec) reported a net profit of 21.483 billion yuan for the first half of 2025, a year-on-year decrease of 39.8%, with total revenue of 1.41 trillion yuan, down 10.6% [14] - Miniso's second-quarter adjusted net profit was 690 million yuan, a year-on-year increase of 10.6%, with total revenue of 4.97 billion yuan, up 23.1% [15] Group 3 - Meta has paused some hiring in its AI department to conduct planning and forecasting [11] - The AI toy market has seen a significant surge, with sales increasing by 600% year-on-year, driven by the integration of large language model technology [11] - DeepSeek announced a price adjustment for its API interface calls, effective September 6, 2025, and will cancel night-time discounts [10] Group 4 - The Korean government announced measures to restrict foreign purchases of housing in major areas to curb speculative demand [9] - Korean investors have increased their holdings in Chinese stocks from 19.083 billion yuan at the end of 2024 to 24.475 billion yuan by August 18, 2025, marking a nearly 30% increase [9] - Nikon will close its Yokohama factory by September 30, 2025, with minimal expected impact on annual profits [10]

Group 1 - 12306 stated that high-speed trains cannot add "smoking carriages" due to safety concerns [4] - The discussion about banning smoking in semi-enclosed high-speed train platforms continues, with suggestions for designated smoking areas [4] - In contrast, traditional green trains allow smoking in specific areas without affecting others [4] Group 2 - Yonghui Supermarket reported a net loss of 241 million yuan in the first half of 2025, with revenue down 20.73% year-on-year [6] - The decline in revenue is attributed to strategic transformations and the closure of loss-making stores [6] - Despite increased revenue from store adjustments, it could not compensate for the losses from closed stores [6] Group 3 - Delta Airlines experienced a wing component failure during a flight, but all passengers landed safely [6] - The aircraft was grounded for repairs following the incident [6] Group 4 - McDonald's is reducing prices on eight popular meal options by 15% to attract cost-conscious customers amid economic pressures [9] - The company plans to introduce $5 and $8 value meals to enhance its appeal [9] Group 5 - Nikon will close its Yokohama factory by September 30, 2025, shifting operations to other locations [11] - The factory's closure is not expected to significantly impact annual profits [11] Group 6 - Bilibili reported a 20% year-on-year revenue growth in Q2 2025, with net profit reaching 560 million yuan [16] - The platform's daily active users hit a record high of 109 million, reflecting strong user engagement [16] Group 7 - China Petroleum & Chemical Corporation (Sinopec) reported a 39.8% decline in net profit for the first half of 2025, totaling 21.48 billion yuan [17] - The company's revenue also decreased by 10.6% year-on-year [17] Group 8 - Miniso announced a 10.6% increase in adjusted net profit for Q2 2025, reaching 690 million yuan [18] - The company also reported a 23.1% year-on-year revenue growth for the same period [18] Group 9 - The AI toy market has seen a significant surge, with sales increasing by 600% in the first half of 2025 [12] - AI toys are gaining popularity across various age groups, not just children [12] Group 10 - Meta has paused some hiring in its AI department to focus on planning and restructuring [13] - This decision follows the introduction of new personnel and aims to enhance the company's AI capabilities [13]