Yonghui Superstores made clear in its reply to a Shanghai Stock Exchange inquiry that it will not carry out large-scale store closures or Pangdonglai-style overhauls in 2026, and will only conduct small-scale secondary revamps and optimizations. The company achieved operating revenue of 53.51 billion yuan in 2025, down 20.82 percent year on year, and net profit attributable to shareholders of the listed company was negative 2.55 billion yuan, with the loss widening by 1.09 billion yuan compared with the same period a year earlier. It overhauled 284 stores and closed 381 chronically loss-making stores during the year, incurring one-off expenses of 840 million yuan from the store revamps, while the cumulative pre-tax loss of the closed stores was negative 333 million yuan, resulting in a combined impact on pre-tax profit of negative 1.17 billion yuan. The company explained that the revenue fluctuation was affected by seasonal characteristics of the retail industry and proactive strategic contraction, with the fourth-quarter loss accounting for more than 70 percent of the full-year figure. In addition, the book balance of provisions fell to zero from 23.04 million yuan at the end of 2024, because an accounting policy adjustment reclassified 139 million yuan of provisions related to pending litigation to other current liabilities, rather than the risks having disappeared. The company expects net profit attributable to the parent company in the first half of 2026 to be 250 million yuan, swinging back to profit year on year.
Yonghui Superstores Co LtdCompany reports 2.55 billion yuan loss, revenue down 20.82%, and closed 381 stores, with combined pre-tax impact of negative 1.17 billion yuan from revamps and closures.