Group 1 - The core point of the news is that Yonghui Supermarket is closing two stores in Shenzhen's core business districts, indicating a shift in its operational strategy amid significant financial losses [2][3]. - Yonghui Supermarket's third-quarter report revealed a revenue of 42.434 billion yuan, a year-on-year decline of 22.21%, and a net profit attributable to shareholders of -710 million yuan, marking a substantial increase in losses [2][4]. - The company has closed a total of 325 stores this year, with 102 closures in the third quarter alone, while only opening 2 new stores, reflecting its ongoing strategy of "closing old stores to renovate" [3]. Group 2 - As of September 30, Yonghui Supermarket had 450 operating stores, a significant reduction from 775 at the end of 2024, primarily due to the closure of underperforming stores [3]. - The closures now include stores in core business areas, such as the Luo Hu Sun Plaza store, which was previously recognized as a "national quality store" under Yonghui's "original intention plan" [3]. - The company aims to close between 300 and 350 stores by the end of 2025, with a focus on refining store operations and restoring the pace of new store openings [3]. Group 3 - Yonghui Supermarket's stock price has declined by 26% this year, resulting in a market capitalization of 42.5 billion yuan [4]. - The company's total assets decreased from 42.749 billion yuan at the end of the previous year to 31.620 billion yuan, a drop of 26.03% [4]. - Yonghui has announced a new positioning strategy called "National Supermarket Quality Yonghui," initiating a "product centralization" strategy aimed at developing billion-level flagship products over the next three years [4].

Core Viewpoint - Yonghui Supermarket is closing two stores in Shenzhen's core business districts, indicating a significant shift in its operational strategy amid declining performance and increased competition in the retail sector [1][2]. Group 1: Store Closures and Operational Strategy - Yonghui Supermarket announced the closure of its Luohu Sun Plaza and Nanshan Raffles City stores, effective November 16, as part of its ongoing strategy to close underperforming locations [1][2]. - The company has closed a total of 325 stores in the first three quarters of the year, with a net closure of 102 stores in Q3 alone, while only opening 2 new stores [2]. - The closures now include stores in core business areas, marking a shift from previous closures that focused on low-efficiency locations [2]. Group 2: Financial Performance - For the first three quarters, Yonghui Supermarket reported a revenue of 42.434 billion yuan, a year-on-year decline of 22.21%, and a net loss of 710 million yuan, indicating a significant increase in losses [1][3]. - The company's total assets decreased from 42.749 billion yuan at the end of the previous year to 31.620 billion yuan, a decline of 26.03% [3]. - Inventory levels have sharply decreased, with current assets showing a reduction in inventory from 7.058 billion yuan to 3.732 billion yuan, a drop of 47.1% [3]. Group 3: Strategic Initiatives - Yonghui Supermarket has initiated a "national quality supermarket" positioning and launched a "product centralization" strategy, aiming to develop billion-level single products over the next three years [3]. - The company has already introduced 15 high-value products, including Peruvian blueberries and Yangcheng Lake hairy crabs, as part of its new strategy [3]. - As of September 30, 49.3% of the current stores have undergone the "Fat Donglai model" transformation, which has led to a significant increase in daily sales [2].