昔日零售龙头，今靠投资苟活！友阿股份：卖壳无人问津，利润缩水9成，18亿店铺滞销，55亿债务压顶

Group 1 - The report highlights that Youa Group, once a retail leader, has faced significant challenges, with a cumulative loss exceeding 1 billion since 2018 when excluding investment income [1][26][19] - Youa Group's revenue peaked at 72.84 billion in 2017, but by 2023, it had plummeted to just 13.42 billion, less than one-fifth of its peak [21][19] - The company's net profit has also drastically declined, with 2023 figures showing only 0.49 billion, which is less than one-ninth of its peak [19][21] Group 2 - The report indicates that Youa Group's main business has suffered, with investment income becoming a crucial support, contributing 2.33 billion in profit since 2018 [22][26] - The rise of e-commerce has severely impacted traditional retail, with Youa Group's net profit margin dropping from 6.83% in 2013 to below 3% since 2020 [28][29] - The report notes that Youa Group attempted to expand its physical presence but faced declining store performance, particularly outside its home region, with a 67% drop in store efficiency [42][39] Group 3 - Youa Group is burdened with significant debt, totaling 55 billion, which has been exacerbated by aggressive expansion and underperforming assets [54][58] - The report mentions that the controlling shareholder, Youa Holdings, is also in financial distress, with a high percentage of pledged shares and ongoing debt disputes [65][66] - The company has explored selling its controlling stake to alleviate its financial burdens, but the feasibility of finding a buyer remains uncertain [70][79]