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People's Livelihood Supermarkets Continue To Reduce Yonghui Large Stock Market 7 Years Of Big Profits

2014/8/4 15:47:00 22

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"P" yesterday, the reporter interviewed a number of parties. It was learned that before the "a href=" http://www.91se91.com/news/index_c.asp "people's livelihood supermarket" /a "has gradually reduced Yonghui supermarket, almost no involvement in Yonghui supermarket operation, it is purely financial investment, and in its 7 years in the stock market, it has gained 7 times earnings. For Yonghui supermarket, after the nature of foreign investment enterprises is cancelled, it will be more convenient to expand stores and capital operation in the future. 
 gradually reduce the market point .
 cooperation between the two sides should be traced back to 7 years ago. Public information shows that Minsheng supermarket was founded in Hongkong, China in May 23, 2007, and is a subsidiary of HSBC. In 2007 ~2008, the people's livelihood supermarket participated twice in the purchase of new shares of Yonghui supermarket and exchanged 24% yuan for Yonghui supermarket at a total price of 530 million yuan. In December 2010, after Yonghui supermarket was listed, the shareholding ratio of Minsheng supermarket was diluted to 20.56%. 
 "after joining the Yonghui supermarket, Minsheng supermarket hardly participated in the operation and management of Yonghui supermarket's specific business. It was only a purely financial investment." Yonghui supermarket insiders revealed that after the sale period, in July 2012, Minsheng supermarket reduced its holdings of Yonghui supermarket shares by 26 million shares, accounting for 3.39% of the total listed companies' a href= "http://www.91se91.com/news/index_c.asp" > capital stock < /a >, and at that time, the people's livelihood supermarket had cash in 741 million yuan. 
 it is reported that in May this year, Minsheng supermarket sold 50 million shares of Yonghui supermarket. After this reduction, its shareholding ratio in Yonghui supermarket has been reduced to 4.69%. 
 "at that time, the stock ratio has been reduced to less than 5%, and the people's livelihood supermarket will obviously withdraw from Yonghui supermarket sooner or later. Of course, this is absolutely a profitable financial investment for the people's livelihood supermarket, at least 6~7 times earnings." Above Yonghui supermarket insiders said. 
 the future of Yonghui supermarket /p >
 because all kinds of cost increase and < a href= "http://www.91se91.com/news/index_c.asp" > electricity supplier < /a > impact, the profit margin of the retail entity industry has been declining year by year, and the gross profit margin of the super commercial state has dropped from 10% to 5%. 
Compared with P, fresh food has become one of the core competitiveness of the entity retailer. Therefore, Yonghui supermarket, which is a fresh start, has always been a good retailer in the industry. Despite the ambitious expansion plan, the Yonghui supermarket is a foreign-funded joint venture company because of its participation in the people's livelihood supermarket. The relevant laws have certain restrictions on its investment in retail business. Yonghui supermarket said that after the exit of Minsheng supermarket, Yonghui supermarket has applied for the approval certificate of foreign investment enterprises. Yonghui supermarket will simplify its procedures to expand stores in the future, and will help speed up its nationwide distribution. 
 "at present, Yonghui supermarket has opened about 300 stores in the country. In the past, we opened new stores 30~40 home every year, and we plan to open 40~50 stores this year." Yonghui supermarket insiders revealed that the joint venture between Yonghui supermarket and Shanghai vegetable group is also in progress. Yonghui supermarket will expand in Shanghai and East China in the future. 
 apart from Tuo Dian, analysts believe that the exit of Minsheng supermarket is also conducive to Yonghui supermarket's development at the capital level. Guoxin Securities Analysis, the complete exit of the people's livelihood supermarket is conducive to the long-term development of Yonghui supermarket. On the one hand, it can further concentrate the ownership structure of the company, optimize the efficiency of business decision-making through the optimization of the governance structure, give full play to its private advantages, and on the other hand, the reduction of people's livelihood supermarket is an important factor to suppress the stock price of Yonghui supermarket for a long time. With the elimination of unfavorable factors, the intrinsic value of Yonghui supermarket is expected to be fully released.