Introduction As a large private joint-stock enterprise group, Yonghui Supermarket's current development scale is also very large, and the current number of stores exceeds 1,000. Everyone is very curious about the boss behind Yonghui Supermarket. So, who is the real boss of Yonghui Supermarket?
Information about Zhang Xuansong, the founder of Yonghui Supermarket
According to relevant information, Zhang Xuansong, male, was born in October 1971, from Minhou County, Fuzhou City, Fujian Province, and has not graduated from high school. Zhang Xuansong voluntarily dropped out of school and devoted himself to business. He started doing business in 1990 and entered the supermarket industry in 1995. He is now the chairman of Fujian Yonghui Group Co., Ltd., the largest supermarket chain in Fujian. He graduated from Minhou No. 2 Middle School and served in the army. From 1990 to 1995, he worked as a beer agent and wholesaler, and was the special distributor of the No. 1 brewery in Fuzhou.
In December 1995, he opened Gule Weili Supermarket in Gulou District, Fuzhou City and served as manager. In March 1997, he opened Rongda Optional Store in Gulou District, Fuzhou City and served as manager. In August 1998, he opened Yonghui Supermarket in Fuzhou Railway Station area and served as manager. In March 2001, he opened Yonghui Pingxi Supermarket in Gulou District, Fuzhou City and served as legal representative and general manager. In April 2001, Fuzhou Yonghui Supermarket Co., Ltd. was established and served as legal representative and chairman. In May 2004, Fujian Yonghui Group Co., Ltd. was established and he served as chairman.
Yonghui Supermarket Co., Ltd. was established in 2001. After ten years of entrepreneurship, it has developed rapidly. It is one of the top 500 Chinese enterprises and a national-level leading enterprise in "circulation" and "agricultural industrialization". "China's Well-known Trademark", listed on the Shanghai Main Board (stock code: 601933). The State Council awarded it "National Advanced Employment Enterprise" and won honorary titles such as "National May Day Labor Certificate". .
Some time ago, Yonghui Supermarket also officially announced its latest financial report data. The results showed that the company's total revenue in the first quarter of 2019 reached 22.2 billion yuan, a year-on-year increase of 18%, and the net profit increased by 18%. It even reached 50. It can be seen that the current development prospects of Yonghui Supermarket are still very bright.
Yonghui Supermarket’s revenue and net profit
Looking at traditional retail circles, Yonghui Supermarket ranks second only to Sun Art Retail and Supermarket in terms of hypermarkets and standard-supermarket formats. China Resources Vanguard. But when it comes to sales growth, Yonghui Supermarket has the highest growth rate among the top five supermarkets in 2019. It is generally believed that the reason why Yonghui is not as well-known as RT-Mart and other commercial supermarkets is largely because consumers’ awareness of it is still limited to traditional supermarkets.
Looking at competitors in the same industry, while fresh food e-commerce is becoming popular, they are all focusing on home delivery business. For example, Sun Art Retail, which is a shareholder of Alibaba, claims that its fresh food e-commerce has achieved full profitability in 2019; and Walmart not only reached a cooperation with JD Daojia, but also announced its own plan to explore front-end warehouses in 2019.
Surrounded by giants, Yonghui quickly repurchased Yunchuang’s shares. Obviously, it also wants to increase its bargaining chip by investing in new retail business. Especially in the field of fresh food, public data shows that more than 50% of its store revenue comes from fresh food. Therefore, fresh food is the moat of Yonghui.
“As long as Yonghui maintains its fresh food competitiveness and accelerates its business transformation, it is very possible for it to catch up or even surpass RT-Mart within one or two years.” Beijing Jingshang Circulation Strategy Research Institute Dean Lai Yang once made such a judgment.
By incorporating Yunchuang into its financial report, Yonghui may face the risk of dragging down its performance. But in the fierce fresh food e-commerce competition, Yonghui needs Yunchuang to continue to charge for it. This will also be a choice Yonghui has to make.