On July 15th, Yonghui Supermarket Co., Ltd. (Yonghui Supermarket) announced that the net profit attributable to the shareholders of the listed company in the first half of this year is expected to be -2.4 billion yuan (RMB), a year-on-year change from profit to loss.
According to the “2025 Interim Performance Forecast Announcement” issued by Yonghui Supermarket on the 15th, for the period from January 1 to June 30, 2025, the net profit attributable to the shareholders of the listed company is expected to be -2.4 billion yuan, compared to a total profit of 3.2 billion yuan in the same period last year, with a net profit attributable to the shareholders of the listed company of 2.8 billion yuan, marking a shift from profit to loss. In the first half of this year, the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses was -8.3 billion yuan, while in the same period last year, the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses was 0.3 billion yuan.
The announcement also mentioned that 227 underperforming stores were closed in the first half of the year.
The reasons for the losses were explained in the announcement, citing costs such as lease compensation, personnel compensation, clearance of goods, and asset write-offs incurred during the store closure process. Additionally, the company upgraded and replaced a large number of suppliers and products during the reporting period. These multiple factors have had a significant impact on the company’s revenue and profitability during the reporting period.
According to news from Jiemian News on July 14th, Yonghui Supermarket has been facing challenging issues in recent years, including consecutive years of losses and a high debt ratio. Financial reports show that in 2024, Yonghui Supermarket incurred a loss of 14.65 billion yuan, adding to the accumulated losses of over 9.5 billion yuan over the past four years.
Public information indicates that Yonghui Supermarket Co., Ltd. was established in April 2001 and is listed on the A-share market of the Shanghai Stock Exchange, with its headquarters located in Fuzhou, Fujian Province.