截至目前，永辉超市全国调改门店增至88家。预计到7月底，全国调改门店数量将达150家（含胖东来帮 扶调改门店），2026年春节前将突破300家。 长江证券近日发布研报认为，永辉超市调改后单店营收大幅增长推动盈利能力兑现，未来12至18个月预 计为改革成果集中释放期。今年第一季度，永辉超市41家开业满3个月的"稳态调改店"实现了3月份单月 1470万元利润，一季度累计利润达7472万元。预计至2025年6月底，全国调改店数量将突破124家，2026 年农历春节前目标锁定300家，有望促进2025年显著减亏，引领传统零售业迈入以用户和产品为中心的 品质时代。 （文章来源：新华财经） 作为上海嘉定首家学习"胖东来模式"调改店，嘉定宝龙店对原有11852支商品进行了调整，门店下架了 6846支单品，淘汰率达57.7%，新增3862支商品，新增率为43.5%，调改后商品结构达到胖东来标准的 80%，进口商品占比提升至20%，烘焙、熟食等鲜食比例从3%跃升至11%。除了胖东来的爆款商品，门 店还引入了永辉自有品牌商品。 据介绍，嘉定宝龙店同时还特设外贸商品专区，已经上架4个品牌13款外贸商品。目前上海区域已经有4 家永辉 ...

据介绍，永辉超市2025年荔枝助农季预计采购广东荔枝达5000吨以上，通过全国超640家门店助力当季 农产品广开销路，以产地直采的形式，精准对接广东湛江当地的合作社与果农，构建最快24小时从田间 到门店的高效流通链路，让全国消费者第一时间品尝到正宗的岭南佳味。 5月30日，永辉超市广州市第二家、同时也是花都区首家胖东来模式调改店融创茂店将正式开业。该店 作为永辉超市全国首个文旅特色的胖东来模式调改项目，选址花都融创茂商圈，集合农产直采、文旅场 景、特色产品专区等新模式，持续探索"商超+助农+文旅"深度融合发展的创新路径。 活动现场，2025永辉荔枝助农季宣告正式启动，该活动得到广东省农业农村厅、广东省商务厅的高度肯 定。广东省农业农村厅二级巡视员陈荣表示，永辉超市作为全国零售行业领军企业，始终坚持"农企联 动、富农兴业"的合作理念，打造出湛江荔枝"朝采夕至"24小时供应链，这种"基地直采+冷链快运+精准 营销"的创新模式，形成了"品质提升带动产业升级、市场拓展促进荔农增收"的良性循环。 5月29日，在广东省农业农村厅、广东省商务厅的指导下，永辉超市（601933）启动2025永辉荔枝季助 农活动，助力广东省推 ...

Group 1: Miniso's Stock Performance - Miniso's stock price dropped by 18.22% on May 26, closing at HKD 34.55, resulting in a market capitalization of HKD 432 billion [1] - Following the drop, Miniso's market value in RMB fell to 405 billion, below Yonghui Supermarket's 459 billion [1] - The decline in stock price raised concerns about Miniso's profitability and the effectiveness of its acquisition strategy, especially after a first-quarter report showing an 18.9% revenue increase but a 28.8% decline in net profit [1] Group 2: Douyin's Non-Heritage Video Growth - Douyin reported a 1625% increase in AI-related non-heritage videos over the past year, indicating a significant rise in creative content [3] - The platform saw over 2 billion new national-level non-heritage videos, with a 31% year-on-year growth in related content [3] - The commercial potential of non-heritage products is highlighted by Douyin's 6.5 billion annual sales, suggesting a growing market for cultural and tourism investments [3] Group 3: Ctrip's Strategic Initiatives - Ctrip announced the establishment of a 1 billion RMB tourism innovation fund aimed at fostering new business models in the travel industry [4] - The company formed strategic partnerships with international hotel groups from Thailand, Malaysia, and Indonesia to enhance service quality [4] - Ctrip's initiatives align with national strategies to boost inbound tourism and promote collaboration within the tourism industry [4]

5月23日，名创优品发布的2025年一季报显示，公司一季度实现收入44.27亿元，同比增长18.9%；经营 利润7.1亿元，同比下降4.51%；期内利润4.17亿元，同比下降28.92%。 名创优品的创始人、主席兼首席执行官叶国富表示，展望未来，名创优品对第二季度以及全年的业绩充 满信心。 长江商报消息 ●长江商报记者 黄聪 名创优品（09896.HK，MNSO.US）店面越开越多，但是利润却在下滑。 对于市场关注的永辉超市调改进展，名创优品首席财务官张靖京透露，永辉超市已经调改出78家门店， 2025年计划是关闭250家至350家超市，调改200家门店，"调改店非常符合我们此前的预期"。 需要注意的是，4月30日，永辉超市（601933.SH）发布公告显示，公司第一大股东广东骏才国际商贸 有限公司（简称"骏才国际"）所持公司的18.68亿股股份被质押，占其所持股份比例70%，占公司总股本 比例20.58%。骏才国际是名创优品旗下企业。 一季度增收不增利 叶国富介绍，名创优品海外的收入增长了30.3%，总收入贡献同比增长了3个百分点。"我们正在与海外 合作伙伴建立更全面的合作，以增强协同效应，升级门店模式，提 ...

Meeting Details - The shareholders' meeting was held on May 20, 2025, at a hotel in Fuzhou, Fujian Province [1] - The attendance rate of shareholders was 53.4304% [1] Voting Results - All non-cumulative voting proposals were approved with high support, including: - Proposal 1: 99.9132% approval from A-shareholders [1] - Proposal 2: 99.9099% approval from A-shareholders [1] - Proposal 3: 99.8948% approval from A-shareholders [1] - Proposal 4: 97.7812% approval from A-shareholders [1] - Cumulative voting proposals also received strong approval, with: - Proposal 1: 99.8700% approval from A-shareholders [2] - Proposal 2: 99.2245% approval from A-shareholders [2] - Proposal 3: 99.9094% approval from A-shareholders [2] - Proposal 4: 99.9018% approval from A-shareholders [2] Major Issues Discussed - The meeting included discussions on significant matters such as profit distribution and related party transactions [3] - Related shareholders, including Zhang Xuansong and his associates, abstained from voting on certain proposals [3] - The meeting also reviewed the 2024 annual independent director's report [3] Legal Compliance - The meeting's voting procedures were verified by lawyers, confirming compliance with relevant laws and company regulations [3]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 证券代码：601933 证券简称：永辉超市 公告编号：2025-030 永辉超市股份有限公司 2024年年度股东大会决议公告 (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，公司董事长张轩松先生主持，会议采用现场投票与 网络投票相结合的表决方式，会议的召集、召开及表决方式符合《公司法》及《公 司章程》的规定。 (五)公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 (一)非累积投票议案 1、 议案名称：关于《永辉超市股份有限公司 2024 年度董事会工作报告》的议 案 审议结果：通过 (一)股东大会召开的时间：2025 年 5 月 20 日 一、 会议召开和出席情况 (二)股东大会召开的地点：福建省福州市仓山区闽江大道 202 号三迪华美达广场 酒店 A1 楼福州厅 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 3, ...

上海市通力律师事务所 关于永辉超市股份有限公司 2024 年年度股东大会的法律意见书 致: 永辉超市股份有限公司 上海市通力律师事务所(以下简称"本所")接受永辉超市股份有限公司(以下简称"公 司")的委托, 指派本所翁晓健律师、赵婧芸律师(以下简称"本所律师")根据《中华人民共 和国公司法》《中华人民共和国证券法》《上市公司股东会规则》等法律法规和规范性文件(以 下统称"法律法规")及《永辉超市股份有限公司章程》(以下简称"公司章程")的规定就 公司 2024 年年度股东大会(以下简称"本次股东大会")相关事宜出具法律意见。 本所律师已经对公司提供的与本次股东大会有关的法律文件及其他文件、资料予以了 核查、验证。在进行核查验证过程中, 公司已向本所保证, 公司提供予本所之文件中的所有 签署、盖章及印章都是真实的, 所有作为正本提交给本所的文件都是真实、准确、完整和有 效的, 且文件材料为副本或复印件的, 其与原件一致和相符。 在本法律意见书中, 本所仅对本次股东大会召集和召开的程序、出席本次股东大会人员 资格和召集人资格及表决程序、表决结果是否符合法律法规和公司章程的规定发表意见, 并 不对本次股东大会所审 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Views - The company reported a revenue of 67.6 billion yuan for 2024, a year-on-year decline of 14.1%, with a net loss attributable to shareholders of 1.47 billion yuan, which is an increase in loss by 140 million yuan compared to the previous year. The net loss excluding non-recurring items was 2.41 billion yuan, an increase of 430 million yuan year-on-year. For the first quarter of 2025, the revenue was 17.5 billion yuan, down 19.3% year-on-year, with a net profit attributable to shareholders of 150 million yuan, a decline of 80% year-on-year, and a net profit excluding non-recurring items of 140 million yuan, down 77% year-on-year [2][6]. Summary by Sections Financial Performance - In 2024, the company achieved a total revenue of 67.6 billion yuan, with a gross profit margin of 20.5%, a decrease of 0.8 percentage points year-on-year. The sales expenses, management expenses, R&D expenses, and financial expenses accounted for 19.3%, 2.7%, 0.3%, and 1.7% of revenue respectively, with changes of +0.7, +0.3, -0.1, and stable year-on-year. The operating loss for 2024 was 2.56 billion yuan, an increase of 840 million yuan year-on-year [11]. Strategic Focus - The company is committed to a quality retail strategy and is focusing on upgrading its supply chain. It has developed 120 self-owned brand products in 2024, with 20 products achieving annual sales exceeding 50 million yuan. The company aims to collaborate with the supply chain to incubate 100 billion-level products in the future [11]. Future Outlook - The company expects significant improvements in profitability as the results of its store reform initiatives are released over the next 12-18 months. As of April 28, 2025, 62 reform stores have been opened, and the company anticipates that by the end of June 2025, the number of reform stores will exceed 124, with a target of 300 stores before the Lunar New Year in 2026 [11].

Core Insights - Yonghui Supermarket has opened its first self-adjusted store in the Mentougou District, following previous adjustments in other districts of Beijing, enhancing its market presence [1][2] - The store features a unified shelf height of 1.6 meters, removed mandatory traffic flow, and widened aisles, creating a more customer-friendly shopping environment [1] - The product structure has been adjusted to meet public demand, retaining reliable brands and increasing the proportion of freshly made products to approximately 80% of the "Pang Dong Lai" product structure [1] Product Offerings - The store has introduced popular items such as "Pang Dong Lai" spicy beef strips, small sweet sausages, Northeast-style fried meat, and Korean fried chicken in the prepared food section [1] - Baked goods focus on health and taste, featuring products like "Harvest Joy" European bread, finger tiramisu, peach mousse cake, and chocolate temptation cake [1] - A dedicated brand area for "Pang Dong Lai" includes items like DL craft beer, yogurt oat crisps, grape juice, and laundry pods, along with exclusive displays for Yonghui's selected products [1] Service Enhancements - The store has added a pet storage area to address challenges for pet owners, along with a convenience service area equipped with blood pressure and height measurement devices, and free charging stations [2] - Premium seafood in the fish section now offers oxygen cleaning services, while the meat section provides free shredding and grinding services [2] - Fresh-cut fruit management follows a strict "468" freshness policy, with discounts applied based on time since cutting, and perishable items are cleared daily [2] Expansion Plans - Following the opening of the new store, Yonghui has reached a total of 78 adjusted stores nationwide, with plans to exceed 124 by the end of June and aim for 300 by the Lunar New Year in 2026 [2] - Additional adjusted stores are set to open in Tongzhou and Fengtai districts by the end of May, bringing the total number of adjusted stores in Beijing to 8 [2]

Industry Overview - According to the "2024-2025 China Department Store Retail Industry Development Report," 73% of surveyed companies experienced a year-on-year decline in sales, with 14% seeing a drop of less than 5%, 25% experiencing a decline of 5% to 10%, and nearly 30% facing a decrease of 10% to 20%. Only 24% of companies reported positive growth [1] - In terms of profitability, 72% of surveyed companies saw a decline in net profit, with 22% experiencing a drop of over 20%, 24% with a decline of 10% to 20%, and 26% with a decrease of less than 10%. Only 22% achieved positive net profit growth, primarily under 5% [1] Company Performance - Among 42 listed department store companies, total revenue reached 267.316 billion yuan, with 30 companies reporting negative growth, including 11 with declines exceeding 10%. Only 4 companies had growth rates above 10%, with 2 achieving triple-digit increases [3] - Yonghui Supermarket ranked first with a revenue of 67.574 billion yuan, down 14.1% year-on-year, marking its fourth consecutive year of decline and a 30% reduction compared to its peak in 2020 [3][5] - Yonghui Supermarket closed 232 underperforming stores, attributing revenue decline to this action. The company initiated a store transformation strategy in May, focusing on quality retail, and plans to close an additional 250-350 stores this year [3][5] - In the first quarter of this year, Yonghui's revenue and net profit continued to decline, with a net loss of 1.465 billion yuan, a 10.26% decrease year-on-year, marking its fourth consecutive year of losses totaling 9.501 billion yuan [5] Financial Rankings - The revenue ranking of listed department store companies for 2024 shows Yonghui Supermarket at the top with 67.574 billion yuan, followed by Zhilian Co. at 27.675 billion yuan, and Jiajiayue at 18.256 billion yuan [6] - The net profit ranking indicates Zhilian Co. leading with a net profit of 156.7438 million yuan, a 292.73% increase, followed by Chongqing Department Store with 131.464 million yuan, and Bubugao with 121.169 million yuan, reflecting significant growth [10]