Retail Formats
Yonghui Superstores, Which Made Tencent and JD.com a Fortune, Is Already a Top Student?
In the second half of the "middle-aged" supermarket's game: open small stores and rush online. On April 29, Yonghui Superstores released its 2019 annual report and Q1 2020 report. The financials show that Yonghui's 2019 full-year revenue was 84.877 billion yuan, up 20.36% year-on-year; net profit attributable to shareholders was 1.564 billion yuan, up 5.63%, compared with a decline of 18.52% the previous year. Upon the announcement, the capital market voted with its feet, evaporating 6.5 billion yuan, with a current market value of 100.6 billion yuan. But two days earlier, Yonghui had hit a new two-month high.
崔恒宇