Our reporter Gui Xiaosun
On the evening of October 28, Yonghui Superstores released its third quarterly report showing that the company’s operating income in the first three quarters reached 70.907 billion yuan, a year-on-year increase of 1.53%, and the comprehensive gross profit margin reached 19.94%, a year-on-year increase of 1.19%.
At the same time, the operating efficiency of Yonghui Superstores has also been significantly improved. The company’s sales expenses decreased by 3.23% year-on-year, and management expenses decreased by 10.14% year-on-year. As of the end of September 2022, Yonghui Supermarket’s inventory decreased by 24.91% compared with the beginning of 2022, and the efficiency of inventory turnover and capital utilization continued to improve. Online business is a highlight of the third quarterly report. During the reporting period, the company’s online sales reached 11.6 billion yuan, a year-on-year increase of 16.35%, accounting for 16.4%, an increase of 2.5 percentage points over the same period in 2021.
During the reporting period, Yonghui Superstores accelerated the “unification of warehouses and stores” to better serve the omni-channel development strategy. Under the model of “unification of warehouses and stores”, online and offline can achieve common customer groups and complementary products. More importantly, the company has complete cold chain, warehousing and other hardware facilities in more than 1,000 stores across the country, as well as mature logistics and supply chain systems, which greatly reduces the input cost of “unification of warehouses and stores” and effectively guarantees the The ability to rapidly replicate and expand patterns.
2022 will be a critical year for Yonghui Supermarket to actively adjust and optimize its business model around the “Technology Yonghui” strategy and consolidate the “internal strength” of its basic retail capabilities.
Up to now, the “Technology Yonghui” strategy has made three major breakthroughs. During the reporting period, the large-scale investment of Yonghui Superstores, including the data center, has basically been completed. At the same time, the full-link retail digital system “YHDOS” independently developed by Yonghui Supermarket’s technical team has also become the system cornerstone of the omni-channel development strategy and digital capability building, and will cover stores nationwide within the year. In addition, in the process of promoting digitalization, Yonghui Supermarket has initially achieved three goals of 30%, that is, through digital means, the efficiency in terms of surface efficiency, human efficiency and product efficiency will be increased by 30%.
Under the support of the “Technology Yonghui” strategy, Yonghui Supermarket has basically completed the optimization of its organizational structure and strengthened its platform capacity building. Next, it will continue to actively promote the digital construction of logistics and fresh supply chains, and polish the “warehouse store cooperation”. One” model, and gradually improve the infrastructure construction.
In 2023, Yonghui Superstores will focus on 10 cities as the core cities for Daojia business development, and will further develop commodities and contract fulfillment capabilities, and build the core competitiveness of online business through excellent commodity capabilities and high-quality contract fulfillment services. At the same time, Yonghui will continue to optimize the full warehouse model and second-generation warehouses to ensure the health and sustainability of the business while seeking high growth.
(Edited by He Fan and Bai Baoyu)