Yonghui Superstores Co Ltd is primarily engaged in the operation of supermarkets in China. The company was founded by Xuan Song Zhang on 13 April 2001 and is headquartered in Fuzhou, Fujian province, China.
As at 31 December 2018, Yonghui Superstores and its subsidiaries had 721 retail stores throughout China. The main business activities of the retail stores include the sales of fresh products, food supplies and clothing and related promotional services. The company also engages in logistics and distribution, goods purchase and construction and lease activities.
Yonghui Superstores was listed on the Shanghai Stock Exchange (SSE) on December 15, 2010. Yonghui Superstores is listed on the SSE under the code 601933.
Yonghui Superstores splits its operations into two segments: retail and service industry.
Retail - Yonghui derives the majority of its revenue from the operation of supermarkets. The company operates two supermarket brands, namely Yonghui Superstores (Red Label stores) and Bravo YH (Green Label stores). Yonghui has also launched different formatted stores as part of its retail segment. For example, the company launch Yonghui Life in 2015, which consists of smaller format convenience stores including YH Select and Yonghui Membership Store, and its Yonghui Life App. The company also launched the YH Super Species store format in 2017, which focuses on catering and experiential elements while also offering fresh produce. For the year ending 31 December 2018, the retail segment accounted for 92.94% (RMB 65,541.2 million) of total revenue.
Service industry - For the year ending 31 December 2018, the service industry segment accounted for 7.06% (RMB 4,975.5 million) of total revenue.
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