Yonghui Superstores to post a net loss of 2.55 billion yuan in 2025; restructuring and store closure costs drag down performance

Question to AI · Facing industry upheaval, how does Yonghui balance store adjustments and financial health?

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March 31 news, recently, Yonghui Supermarket (601933.SH) disclosed its 2025 performance forecast, achieving an operating revenue of 53.51B yuan for the year, a year-on-year decrease of 20.82%; net profit attributable to shareholders of the listed company was a loss of 2.55 billion yuan, significantly widening compared to the previous year.

According to the announcement, in just the fourth quarter, Yonghui Supermarket’s net profit attributable to the parent was a loss of 1.84 billion yuan, with losses accelerating. As of the end of 2025, Yonghui Supermarket’s total assets were 30.48B yuan, a decrease of 28.70% from the beginning of the year; owners’ equity attributable to shareholders of the listed company was 1.86B yuan, a sharp drop of 58.13% from the start of the year, indicating significant financial pressure.

Regarding the huge losses, Yonghui Supermarket explained in the announcement that they were mainly influenced by two factors: first, the short-term cost impact caused by store restructuring, including asset write-offs, revenue loss during store renovations and closures, and one-time startup costs, totaling about 880 million yuan; second, losses from store closures, including asset write-offs, employee severance and relocation compensation, and lease breach penalties.

Additionally, external investments and asset impairments further eroded profits. Yonghui Supermarket recognized fair value changes in trading financial assets and other non-current financial assets resulting in a loss of 448 million yuan, and accumulated impairment of long-term assets totaling 308 million yuan.

It is worth noting that Yonghui Supermarket is in a critical period of transforming from traditional supermarkets to “quality retail.” Proactive restructuring and shrinking loss-making stores are necessary measures, but they have placed enormous short-term pressure on financial statements. Moreover, against the backdrop of increasingly fierce retail industry competition and rapidly changing consumer demands, how Yonghui balances transformation investments with operational stabilization remains to be seen.