Yonghui Superstores Co.,Ltd. released its financial report for the first quarter of 2026 on the evening of April 16. The report indicates that the company achieved operating revenue of 13.367 billion yuan in Q1 2026, with a total profit of 342 million yuan, representing a year-on-year increase of 74.73%. Net profit attributable to shareholders reached 287 million yuan, up 94.4% compared to the same period last year. After non-recurring adjustments, the net profit attributable to shareholders was 247 million yuan, marking a 79.55% increase.
The significant improvement in profitability signifies that the initial phase of Yonghui Superstores' restructuring has entered a virtuous cycle, with results accelerating. By the end of the first quarter, the cumulative number of stores refurbished nationwide reached 327. The integration of the Pang Donglai philosophy with Yonghui's operational system is accelerating, transitioning the company into a second phase focused on refined, value-driven adjustments aimed at comprehensively enhancing operational quality.
The penetration rate of the "Quality Yonghui" private label brand continues to rise, becoming a core driver for optimizing gross margins. It is understood that in 2026, the combined sales share of the "Yonghui Custom" series and the private label "Quality Yonghui" products is expected to exceed 20% across major regions in the country. Among these, the private label "Quality Yonghui" is projected to launch 200 SKUs, with its single series share striving to surpass 10%.
Yonghui Superstores CEO Wang Shoucheng stated, "We will shift from a rapid adjustment model to a refined and in-depth cultivation model, focusing on capability consolidation and value creation. Cultural upgrading, organizational efficiency, product quality improvement, and enhanced scene-based sales are the core strategies of the second phase."
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