Yonghui Superstores disclosed in its reply to a Shanghai Stock Exchange inquiry that it recorded a net loss attributable to shareholders of 2.552 billion yuan in 2025, closed 381 stores during the year, and saw its gross margin decline quarter by quarter. Cumulative losses from 2021 to 2025 exceeded 12 billion yuan. The company attributed the 2025 loss mainly to large-scale store adjustments during its strategic transformation period, with store closures and renovations together reducing pre-tax profit by 1.113 billion yuan. In 2026, the operational focus will shift from rapid renovations to refined operations, with no further large-scale closures or renovations. The impact on pre-tax profit from closures and renovations is expected to narrow to 213 million yuan. The company's first-half 2026 profit forecast shows an estimated net profit attributable to shareholders of 250 million yuan, potentially returning to profitability. In addition, Yonghui Superstores' planned private placement to raise approximately 3.1 billion yuan is still in progress, of which 2.405 billion yuan is earmarked for upgrading 216 stores under the Pang Donglai model.
Yonghui Superstores Co LtdForecast first-half profit of 250 million yuan and reduced impact from closures/renovations indicate improved financials.
