Eternal Glory Supermarket Co., Ltd. (Eternal Glory Supermarket) announced on January 21 that it is expecting a net loss of 2.14 billion yuan (RMB) attributable to the shareholders of the listed company in 2025, representing a 45.6% increase compared to the previous year. Concurrently, the company closed down 315 stores. This comes after over a year of adjustments and transformations following the lead of another supermarket, Fat Dong Lai, with no substantial improvement in results.
In the “2025 Annual Performance Forecast Deficit Announcement” released on January 21, Eternal Glory Supermarket stated, “It is estimated that the net profit attributable to the shareholders of the listed company in 2025 will be -2.14 billion yuan. The company expects a net profit after deducting non-recurring gains and losses attributable to the shareholders of the listed company in 2025 to be -2.94 billion yuan.”
According to reports by The Paper, compared to the same period in the previous year, Eternal Glory Supermarket’s losses increased by 45.6%, with the net profit attributable to the parent company being -1.47 billion yuan in the same period the previous year. The net profit attributable to the parent company after deducting non-recurring gains and losses was estimated to have increased by 22% compared to the previous year, reaching -2.41 billion yuan.
Regarding store layout adjustments, the company report stated, “During the reporting period, the company made significant adjustments to 315 stores and closed 381 stores that did not align with the company’s future strategic positioning.”
The report attributed the losses to various factors, including losses from asset scrapping related to store adjustments, revenue losses from closure for renovation, one-time startup investment, with total losses amounting to approximately 9.1 billion yuan. Additionally, an estimated loss of around 300 million yuan is projected due to gross profit losses from store closures for renovation. The closure of 381 stores also resulted in significant losses, primarily from asset scrapping, staff optimization severance compensation, lease-related breach penalties, among others.
Public records show that Eternal Glory Supermarket is a publicly traded company listed on the Shanghai Stock Exchange, with over a thousand chain supermarkets in China. However, the supermarket has been operating at a loss since 2021, with a loss of approximately 3.944 billion yuan that year. Over the following four years, the net profit attributable to the parent company of Eternal Glory Supermarket has been negative, accumulating a total loss of around 9.5 billion yuan.
In an effort to reverse the trend, in May 2024, with the assistance of Yu Donglai, the founder of another supermarket, Fat Dong Lai, and his team, Eternal Glory Supermarket adopted a new operational model through learning from Fat Dong Lai. They implemented a strategy of adjustments and store closures nationwide.
Regarding whether there will be significant store closures in 2026, Eternal Glory Supermarket did not respond to inquiries from Southern Metropolis Daily. However, reports from The Paper indicate that the company’s plan is to complete all store restructuring work by June 2026. Concurrently, the store closure operations are also expected to be substantially completed.
In the “2025 Third Quarter Report” released by Eternal Glory Supermarket on October 31, the accumulated operating income for the first three quarters of 2025 was 42.434 billion yuan, a 22.21% decrease year-on-year. The net loss attributable to the parent company was 7.1 billion yuan, which is over 8 times larger than the 0.78 billion yuan loss in the same period in 2024.
Overall, the net loss attributable to the parent company for the fourth quarter of 2025 is expected to be 14.3 billion yuan, a 0.3% increase compared to the same period last year.
Eternal Glory Supermarket Co., Ltd. was founded in 1998 and was formerly known as Eternal Glory Supermarket. In 2001, Eternal Glory Supermarket Co., Ltd. was established, mainly dealing in agricultural and sideline products, aquatic products, grain and oil products, food and beverages, alcohol and other non-staple foods, daily commodities, household appliances, and electronic products, among others. The company went public on the main board of the Shanghai Stock Exchange in 2010.
As of the closing of the A-shares on January 20, the stock price of Eternal Glory Supermarket was 4.89 yuan per share, with a total market value of 44.377 billion yuan.