Pang Donglai and its disciple Yonghui Superstores have delivered starkly different report cards. Pang Donglai’s official website published the group’s personnel turnover data for the first half of 2026, showing a total of 52 employees left, a turnover rate of 0.5%, with zero management departures. The full-year 2025 turnover rate was just 1.05%. Yonghui Superstores, which has been comprehensively learning from Pang Donglai, had only 49,427 employees at the end of 2025, down 29,797 from a year earlier, a year-on-year decline of 37.61%, and roughly half the number before the Pang-style overhaul began in 2023. Over four years, the cumulative reduction exceeds 74,000 people. The decline in headcount is linked to the company’s ongoing store renovations and aggressive elimination of underperforming outlets. Since 2024, Yonghui Superstores has fully adopted the Pang Donglai model, closing a further 381 stores in 2025 while completing Pang-style overhauls at 284 stores. Although employee compensation has improved, with Yonghui’s average annual pay per employee reaching 106,300 yuan in 2025, the store contraction directly led to a large reduction in staff. In the first quarter of 2026, revenue at renovated stores rose 16.57% year-on-year, and the overall gross margin improved to 22.8%, but the company expects net profit attributable to shareholders of about 250 million yuan in the first half of 2026, implying a loss of around 37 million yuan in the second quarter, meaning it has yet to escape its loss-making predicament.
Yonghui Superstores Co LtdYonghui's store closures and staff cuts indicate weak demand and ongoing losses despite renovations.
Pang Donglai's extremely low turnover rate (0.5%) signals strong employee retention and operational stability.