Yonghui Superstores Enters the Tibet Market
On August 8, the first store of Yonghui Superstores in Tibet, officially opened. This is the store with the highest elevation.Up to now, Yonghui Superstores has opened 945 stores nationwide and 200 stores in progress, covering 29 provinces across the country.
Yonghui Superstores Opens Four New Stores
Yonghui Superstores: Online Business Revenue Soars 243% in 1H 2020
Yonghui Superstores disclosed its semi-annual report on August 28. The company achieved revenue of CNY 50.52 billion, a year-on-year increase of 22.68%; the net profit attributable to shareholders of listed companies was CNY 1.85 billion, a year-on-year increase of 35.36%.
The gross profit margin was 22.37%, a year-on-year increase of 0.53%. Yonghui Superstores explained that the gross profit margin of fresh food and processing rose to 14.95%, a year-on-year increase of 1.03%; the gross profit margin of food products was 19.22%, a year-on-year increase of 0.64 percentage points.
From the perspective of business segments, among them, the fresh food and processing business income reached CNY 22.83 billion, a year-on-year increase of 27.51%, an increase of 9.67 percentage points from the same period last year, hitting a new high since 2012. Food products' business income was CNY 24.15 billion, a year-on-year increase of 19.39%, maintaining a steady growth rate of about 20%.
In terms of online business, as of June 30, the company had 32.84 million members and 7.72 million monthly active users during the reporting period. Online sales were CNY 4.56 billion, a YoY increase of 243%, accounting for 9.71% of the operating revenue.
Yonghui Superstores stated that, in addition to the regular livelihood products, it would gradually try to produce specialty products to meet the personalized consumption needs of users.
Yonghui Opens New Stores in Shanghai, Among 942 Total Stores
Yonghui Superstores Establishes a New Company in Tibet
Luo Wenxia, Vice President of Yonghui Superstores, Receives the Warning Letter for Not Disclosing the Reduction Plan Before the Reduction
Three stores of Yonghui Superstores in Fujian failed in spot checks on edible agricultural products
Li Jing resigned as vice president of the company
<span class="light" style="color: #e6a23c;">Executive </span>Li Jing has reduced his holding of 105,000 shares
Yonghui Superstores plans to add a wholly-owned subsidiary in Gansu
The food in Hebei branch of Yonghui supermarket is not qualified
Alibaba's 'Spring Thunder Plan' Helps Sell 800,000 Agricultural Products
JD.com: The Number of PLUS Members Exceeds 20 Million
Alibaba: 832 Counties Have Exceeded CNY 310 Billion in Sales in the Past 5 Years
Suning: Net Profit for the First Three Quarters to be CNY 503-753 Million
Tmall: Hour-Delivery Service Has Covered 483 Cities Nationwide
Pinduoduo: Agricultural Products' GMV to Exceed CNY 250 Billion in 2020
Alibaba International Station: GMV in September Increases by 133% YoY
Du Haitao, Manager of Tmall's Marketing Division to Leave
Ele.me: Ten Billion Subsidies Extend to 124 Cities to Fight Against Meituan
MINISO Sets IPO's Price at USD 20/share, Higher Than the Guidance Range
EqualOcean is an international information service provider and investment research firm that aims to become a global platform for industrial innovation.
We strive to make technology inclusive, accessible and transparent.
Join over 70,000 of your peers
9 Xiaguangli, 10F Block A CEC Development Mansion, Chaoyang Dc, Beijing 100125, China
A002, 5F, Ai Tower, 701 Yunjin Road, Xuhui Dc, Shanghai 200232, China
800 Third Ave, 28F, New York, NY 10022, USA
Interviews with analysts
Products & prices
Customers & evaluation
Copyright ©2020 EqualOcean.com. All rights reserved.