When facing thousands of listed company announcements every day, which ones should you read? What are the key points to take away from the dozens or hundreds of pages of material announcements? Are the many professional terms in the announcements bullish or bearish? Check out Caixin's "Quick Read Announcement" column, where our reporters across the country will provide you with accurate, fast and professional interpretations on the night of the announcement.

On October 30, Caixin reported (Reporter Wu Weiling) with a decrease in the number of stores coupled with overall customer flow and per capita declining, yonghui superstores (601933.SH) performance was under pressure in the first three quarters. Looking ahead, yonghui superstores plan to further deepen the Pandonglai model adjustment, and it is expected that by the Spring Festival, the number of stores nationally adjusted will increase from the current 10 to 40-50.

Today, yonghui superstores announced that in the first three quarters of this year, revenue was 54.549 billion yuan, a year-on-year decrease of 12.14%; achieved a net income attributable to the parent of -77.8657 million yuan, a decrease of 0.13 billion yuan from the same period last year. Looking at the quarters, revenue in the third quarter was 16.77 billion yuan, a year-on-year decrease of 16.4%; a net income attributable to the parent of -0.353 billion yuan, a decrease of 0.032 billion yuan from the same period last year, but an improvement from the net income of -0.461 billion yuan in Q2, showing a narrowed loss.

Yonghui superstores stated that during the continued deepening of strategic transformation actions such as optimizing store networks, adjusting supply chains, and benchmark store adjustments, the company's revenue in the first three quarters showed a significant decline, and the net income attributable to the parent decreased, which is within the expected short-term impact.

At a time when traditional retail is under pressure, yonghui superstores' adjustments to some stores following the Pandonglai model have attracted market attention. The financial report shows that as of the end of the third quarter, the company has completed adjustments to 10 stores (including 7 self-adjusted), with significant revenue growth in the adjusted stores. However, while the company closed and renovated some less profitable stores, leading to a decrease in the number of stores; additionally, with intense competition in the retail industry, changes in consumer shopping habits, and higher consumer demands for shopping experiences and product quality, the company has seen a certain level of decline in overall customer flow and per capita spending.

According to yonghui superstores' official website, as of October 30, the total number of operating stores is 810, a decrease of 133 from the end of the first half of the year.

Looking ahead, yonghui superstores intend to further expand the Pandonglai model. The company's official WeChat account revealed that by the Spring Festival, the number of nationally adjusted stores is expected to reach approximately 40-50, with additions in several cities including Shanghai, Lanzhou, Tianjin, Chongqing, Shenyang, and Shenzhen. The company will also continue to send employees to learn about the Pandonglai model.

It is worth mentioning that, this evening, yonghui superstores also announced a change in senior management, appointing Wang Shoucheng as the company's vice president. His resume shows that Wang Shoucheng served as the leader of the modification and transformation team in the Donglai Learning Project of yonghui superstores, leading the construction of the operational standard system and promoting the modification and transformation project.