Recently, Consumer stocks have experienced a major market surge, and the stock price of Zhongbai Holdings Group has risen significantly.

In this context, the company's shareholder Yonghui Superstores has chosen to completely exit.

Shareholders are selling off at a loss.

Tonight, Yonghui Superstores announced that its wholly-owned subsidiary Chongqing Yonghui sold a total of 67.101287 million shares of Zhongbai Holdings Group through centralized bidding from December 3 to December 17, accounting for 9.87% of its equity, with a selling amount of approximately 0.44 billion yuan.

According to reports, before the sale, Chongqing Yonghui held a book value of 0.279 billion yuan for the corresponding equity of Zhongbai Holdings Group, and the initial investment cost was 0.486 billion yuan. This sale will increase the investment income for 2024 by approximately 0.161 billion yuan, and the accumulated confirmed investment income for the above equity is approximately -0.046 billion yuan.

As a result, Yonghui Superstores and its subsidiaries no longer hold A-shares of Zhongbai Holdings Group.

This also means that Yonghui Superstores sold its shares in Zhongbai Holdings Group, ultimately resulting in a loss, but due to earlier provisions, this sale will increase Yonghui Superstores' investment income in 2024.

Looking back, in November 2013, Yonghui Superstores and its subsidiaries began to intensively increase their holdings in Zhongbai Holdings Group, quickly reaching a shareholding ratio of 4.99%, and in January of the following year, they made their first formal proposal.

In March, April, and December 2014, Yonghui made proposals for Zhongbai Holdings Group three times.

By the end of 2014, Yonghui Superstores and its wholly-owned subsidiaries held a total of 20% of the shares in Zhongbai Holdings Group, becoming its second-largest shareholder.

In June 2017, Yonghui made its fifth proposal. By the end of the third quarter in 2017, Yonghui continued to increase its shareholding to 29.86%.

During this period, Yonghui Superstores and Zhongbai Holdings Group also engaged in deep cooperation at the business level.

However, due to adjustments in Global Strategy, Yonghui Superstores began its first shareholding reduction of Zhongbai Holdings Group in September 2022, selling approximately 0.136 billion shares that year.

Subsequently, Yonghui Superstores successively sold Zhongbai Holdings Group stocks, and by early December of this year, its shareholding ratio had declined to below 5%.

Regarding the reason for choosing to liquidate, Yonghui Superstores responded that this sale is to activate Assets and further focus on its core Business.

The stock price has risen for 8 consecutive days over a span of 13 days.

Recently, due to market expectations that policies will intensify efforts to promote Consumer spending, consumer stocks have been continuously active.

Zhongbai Holdings Group's stock price has also risen with the trend, having reached the daily price limit in 8 out of 13 Trading days since December, with a cumulative increase of about 105% to date.

Today, Zhongbai Holdings Group reached the daily price limit at the close, latest trading at 8.51 yuan per share, with a total market value of 5.783 billion yuan.

According to data, Zhongbai Holdings Group is a large chain enterprise mainly engaged in retail Business, with various formats including hypermarkets, comprehensive supermarkets, Community supermarkets, 24-hour convenience stores, shopping centers, appliance specialty stores, smart Logistics, food factories, retail Technology, Plastics manufacturing, and more.

Fundamentally, Zhongbai Holdings Group has recorded continuous losses in recent years. In 2021, 2022, and 2023, Zhongbai Holdings Group achieved net income of -51.3899 million yuan, -0.354 billion yuan, and -0.338 billion yuan, respectively.

In the first three quarters of this year, Zhongbai Holdings Group achieved revenue of 8.13 billion yuan, a year-on-year decrease of 11.5%; net income loss of 0.332 billion yuan, a year-on-year decrease of 309.35%.