Articles by 十三叔

The Two-Faced Yonghui

Behind the impressive financial report data, there are worrying crises hidden. In 'The Heaven Sword and Dragon Saber', Zhang Wuji's mother, Yin Susu, warned him before her death that 'the more beautiful a woman is, the more likely she is to deceive.' Of course, this is not absolute, but at least it is Yin Susu's own experience. Beautiful women easily evoke goodwill and lower one's guard, and for listed companies, beautiful financial reports also easily foster trust. However, many can see the surface but not the crisis hidden behind the 'beauty.' Not long ago, Yonghui Superstores released its first-half 2020 financial report, showing impressive core financial data. But some are pondering whether there are signs of crisis lurking behind it.