Yonghui Superstores expects first-half turnaround to profit as restructuring enters core phase two push

Earnings
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Yonghui Superstores expects net profit attributable to shareholders of 250 million yuan for the first half of this year, with recurring net profit of 30 million yuan, swinging to a profit year-on-year. As of June 30, the company had completed restructuring at 331 stores, with overall gross margin up 1.6 percentage points year-on-year and period expense ratio down 1.8 percentage points. The company has entered the core push phase of its second-stage restructuring, focusing on healthy consumption scenarios. Taking the Wanda store in Chengzhong district, Liuzhou, Guangxi as an example, cumulative sales exceeded 17 million yuan in 13 days since opening. In addition, shares held in Advantage Solutions Inc. generated a fair value gain of 89 million yuan. Performance divergence among traditional supermarkets is intensifying. Hefei Department Store Group expects first-half net profit attributable to shareholders to fall 59.62 to 68.98 percent year-on-year, while Zhongbai Holdings Group expects a loss of 248 million to 331 million yuan.

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Yonghui Superstores Co Ltd
601933
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Expects first-half net profit of 250 million yuan, swinging to profit year-on-year, with recurring net profit of 30 million yuan.