Yonghui Superstores Co., Ltd. announced its semi-annual report for 2026 on the evening of August 20. According to the financial results, the company achieved a net profit attributable to shareholders of 253 million yuan in the first half of the year, an increase of 494 million yuan year-on-year. After deducting non-recurring gains and losses, the net profit stood at 39 million yuan, up 841 million yuan compared to the same period last year. With profitability restored and operations improving, the company's quality retail transformation has begun to enter a phase of tangible results.
Thanks to enhanced product development capabilities, Yonghui Superstores Co., Ltd. has been able to more precisely organize procurement, inventory, and distribution, reducing inefficient products and stagnant stock while boosting turnover rates. This has led to a synchronized improvement in its financial structure. During the first half of the year, the company's gross margin rose by 1.7 percentage points year-on-year, while its expense ratio declined by 1.8 percentage points during the same period.
In this round of adjustments, private-label brands have become a key lever in reshaping Yonghui Superstores Co., Ltd.'s product strength. Since Ye Guofu took the helm at Yonghui Superstores Co., Ltd., the company has further clarified its business direction of "product strength equals competitiveness," prioritizing product development, quality and safety, and supply chain efficiency. This shift aims to transform Yonghui Superstores Co., Ltd. from a traditional channel-based retailer into a quality retailer centered on product strength.
In the first half of 2026, Yonghui Superstores Co., Ltd. launched over 240 products with sales exceeding 10 million yuan each, and 12 products surpassing the 100 million yuan mark. During this period, the comprehensive private-label brand matrix, which includes "Quality Yonghui" and "Yonghui Custom," generated total sales of 2.533 billion yuan, accounting for more than 10% of the company's total revenue.
As of June 30, Yonghui Superstores Co., Ltd. had completed adjustments to 331 stores, while simultaneously optimizing underperforming locations. This has led to continuous improvements in both store layout and operational quality. Ye Guofu emphasized that the company's goal is to ensure "every store is profitable." To restore per-store profitability, Yonghui Superstores Co., Ltd. has focused its operational efforts on concrete actions such as reducing losses, improving labor efficiency, accelerating inventory turnover, and boosting sales.
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