# Ye Guofu

Yonghui’s Painful Reinvention: Heavy Losses as China’s Supermarket Trims for a New Retail Era

Yonghui Superstores reported a large projected net loss for 2025 as it shuts and refits hundreds of outlets while pivoting from expansion to ‘quality growth’. One-off writedowns, closure costs and investments have driven five consecutive years of losses, while early signs from remodelled stores are promising but not yet material enough to offset the short-term pain.