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The challenge of store transformation: Yonghui Superstores is expected to continue incurring losses in 2024 | Interpretations
① Yonghui Superstores expects a net income loss of 1.4 billion yuan in 2024. This marks the company's fourth consecutive year of recording a net income loss since 2021; ② In 2024, Yonghui Superstores continues to face pressure on overall foot traffic and average transaction value, and store adjustments require significant investment, compounded by the company closing some underperforming stores, resulting in a decline in last year's performance; ③ Looking ahead to 2025, Yonghui Superstores will continue its store adjustments.
[Data Watch] Institutions and retail investors are engaged in fierce competition for Shenzhen Infogem Technologies as Algo funds rush to buy Recent IPOs.
① The Internet Finance concept stock Shenzhen Infogem Technologies was sold by Institutions for over 60 million, receiving over 0.12 billion in total from two leading speculative trading positions. ② Recent IPOs Tianhe Magnetic Materials received over 80 million from one Algo trading position.
Behind the "fast-driving" Electric Vehicles: New forces constantly reaching new heights, Xiaomi successfully takes its place.
In the December retail sales TOP10 list, 9 car companies experienced year-on-year growth, with only GAC Aion showing a decline; Apart from BYD, three other new car-making forces successfully "delivered on their promises" and achieved their sales targets for 2024.
The first Fat Donglai reform store in Shanghai has opened! 80% of the product categories are aligned with Fat Donglai, and employees receive a 30% salary increase.| Frontline
① The first "Fat Donglai" renovation store of Yonghui Superstores in Jinshan, Shanghai, opened on January 10, with five renovated stores opening nationwide simultaneously. ② Yonghui Superstores Vice President Wang Shoucheng stated that it will not incur losses in the first few months at the Shanghai Jinshan store, and future earnings will increase as employees mature in their capabilities. ③ The new round of nationwide store renovation plans by Yonghui Superstores for 2025 is under research, with plans expected to be announced around the Spring Festival for the first half of the year.
[Data Analysis] Institutions have continuously increased their holdings in SGSG Science&Technology, and multiple Robot Concept stocks have been aggressively purchased by frontline speculators.
① The popular Internet Finance stock SGSG Science&Technology received over 90 million in buys from Institutions, and yesterday, this stock also saw purchases of 0.134 billion from Institutions. ② Top-tier funds bought multiple Robot Concept stocks, among which Shenzhen Sunwin Intelligent was purchased by two top-tier funds with a total exceeding 100 million.
The final chapter of the litigation battle between the two state-owned enterprises in Nanjing: Soho Holly Corporation's compensation is determined, with profits expected to decrease by over 30 million in 2024.|Quick read announcement.
① The judgment of the second instance (final judgment) of the lawsuit between Soho Holly Corporation and Nanjing Business & Tourism Corp., Ltd. is to reject the appeal and uphold the original ruling, with the former paying the latter 22.122 million yuan in goods payment and penalty; ② Both parties are state-owned enterprises and located relatively close to each other, but the litigation dispute has been prolonged, originating from a contract fraud committed by Soho Holly Corporation employees; ③ Soho Holly Corporation stated that this matter will impact the company's profit and loss for the year 2024, with the estimated amount being approximately 30.17 million yuan.