By the end of 2121, Yonghui Supermarket's shares in listed companies (including new third board enterprises) related to its industrial chain are as follows: Hongqi Chain (112697), Zhong Bai Group (11759), Guolian Aquatic Products (311194), Xiangcun Shares (845921, former new third board enterprise, listing counseling terminated) and Wei Min Industry. At the same time, Yonghui Supermarket also holds shares in 15 unlisted companies such as Huatong Bank and Friendship Messenger, with a shareholding ratio of < P >. Yonghui Supermarket has an orderly layout, and its own technological transformation carriers-Yonghui Yunchuang and Caishixian have gradually surfaced.

Yonghui Chuangyun-the back of stripping before injection

Since its listing, Yonghui Supermarket has continued to invest along its own supply chain while strengthening its internal incubation. Yonghui Yunchuang and Caishi Line have been established successively, and four major cloud plates, namely Yunchao, Yunchuang, Shang Yun and Yunjin, have been built, among which Yonghui Yunchuang is the core of Yunchuang Plate and Shang Yun is the caishi Line, exploring the new business model of BtoBtoC joining; Cloud is driven by super species, guiding consumption upgrade, and wants to make a breakthrough in "supermarket catering".

In p>2118, Yonghui Supermarket successively separated Yonghui Yunchuang and Caishixian from the consolidated statements of listed companies. In February of the same year, the two brothers broke up the relationship of concerted action, which was interpreted by the outside world as "the concept of the two brothers is inseparable." In fact, it is a fact that Yonghui Yunchuang and Cai Shixian have dragged down the performance of listed companies, and it is also a fact that the two-cloud strategy represented by them has not been promoted as scheduled. It is also true that the shares were transferred to Zhang Xuanning at a relatively low price.

however, the separation is only superficial.

to the market's confusion, on July 31th, 2121, Yonghui Supermarket announced that it planned to acquire 21% shares of Yonghui Yunchuang held by Zhang Xuanning for 381 million yuan. After the transaction is completed, Yonghui Supermarket will hold 46.6% of the shares of Yonghui Yunchuang and return to the largest shareholder. The latter, together with its 27 subsidiaries, will be able to re-enter the consolidated statements of Yonghui Supermarket.

Yonghui Supermarket uses a magnifying glass to examine the financial report when it is sold. For the purpose of this transaction and its impact on listed companies, the explanation of the announcement can be summarized as follows: the price of related party transactions is fair and does not harm the interests of minority shareholders.

coincidentally, the announcement date of the transfer of Yonghui Yunchuang by Yonghui Supermarket was February 5, 2118. In the 2118 annual report, Yonghui Yunchuang immediately withdrew from the consolidated statement of Yonghui Supermarket; On July 31, 2121, Yonghui Yunchuang entered the consolidated statement again. Yonghui Supermarket said in the announcement that in February 2118, the company transferred its 21% equity of Yonghui Yunchuang to Mr. Zhang Xuanning, mainly considering that Yonghui Yunchuang had a large operating loss due to its independent retail business. It is necessary to adjust the control right of Yonghui Yunchuang to reduce the operating costs and risks of Yonghui Supermarket.

assuming that the company did not transfer 21% of Yonghui Yunchuang to Mr. Zhang Xuanning in February, 2118, the operating conditions of Yonghui Yunchuang from 2119 to May, 2121 will not change. In 2118, the increased profit and loss of equity transfer was not recognized, amounting to 286 million yuan. From May 2119 to May 2121, it should be confirmed that the investment loss corresponding to 21% equity of Yunchuang is RMB 46 million. That is, if the company does not have the above transactions, it will reduce the accumulated profit and loss of the company from 2118 to May 2121 by 431 million yuan.

does the re-injection of Yonghui Yunchuang into listed companies mean that the operation of the former has improved? The following is the profit of Yonghui Yunchuang from 2116 to May 2121:

According to this logic, the number of members will increase by nearly four times, but the revenue scale will be greatly reduced by nearly 41%, and the unit price of customers will be reduced by at least 85%.

Some professionals said that the reduction of investment loss is real, while the investment income is caused by the different accounting methods of long-term equity investment. Although it is a reasonable adjustment within the scope of accounting standards, it is not the real investment income.

the two actual controllers reduced their holdings reasonably at a relatively high price.

magnifying glass inquired about the announcement of Yonghui Supermarket on July 31, 2121, and found that its announcement content was very cautious: Teacher Zhang Xuanning c

Magnifier said in the last article that many capital layouts of Yonghui Supermarket after listing were the overall strategic planning, which was closely linked.

Some investors told the financial report magnifying glass that Yonghui Supermarket chose to withdraw Yonghui Yunchuang from the consolidated statement at the end of 2118, or it was related to the equity transfer of the actual controller. Generally, such a large proportion of equity transfer will have a corresponding gambling drawer agreement, which will allow Yonghui Yunchuang to withdraw from the listed company in stages, or it is the need of capital strategy.

On the evening of March 21th, 2119, Yonghui Supermarket issued a clarification announcement. The company made a preliminary communication with Metro China, but did not conduct substantive business negotiations with Metro China on the liquidation sale, nor did it form any unanimous opinions and any documents.

In fact, the super species owned by Yonghui Yunchuang looks as fresh as the standard Ali's box horse, but the difference in experience is that the price of super species is not only higher than that of box horse, but also the processing of seafood is sloppy and not cost-effective. Helping Yonghui Supermarket's new retail business has a long way to go.

in April, 2119, Shenzhen Airport Super Species opened. The author passed by on National Day, and there were very few people.

the capital strategy of Yonghui Supermarket has basically come to an end.

color and freshness synchronize to exit the consolidated report.

Coincidentally, in February 2119, together with Yonghui Yunchuang, Yonghui Food Market Fresh Development Co., Ltd. (hereinafter referred to as "Food Market Fresh") withdrew from the consolidated statement of Yonghui Supermarket.

Cai Xian was founded in 2111. Founded as Yonghui Investment Co., Ltd., it is a wholly-owned subsidiary of Yonghui Supermarket. In 2116, Yonghui Supermarket started its colorful fresh-keeping business: Chongqing factory was put into operation in March of that year, Beijing factory was put into operation in August, and Fujian factory was fully renovated.

On June 29th, 2115, Yonghui Supermarket announced that Caishixian and Beijing Zhoujiaofang Trading Co., Ltd. (hereinafter referred to as "Zhoujiaofang") will jointly set up a liquor platform company, which will be named Sichuan Yongchuang Yao Hui Supply Chain Management Co., Ltd. (hereinafter referred to as "Sichuan Yongchuang"), and Yonghui Supermarket will hold 21% of the shares.

in fact, like yonghui yunchuang, before the colorful food was spun off from yonghui supermarket, there was a round of capital increase of 951 million yuan, in which yonghui supermarket increased its capital by 311 million yuan, and at the same time introduced institutional investors such as gaoling shunying and sequoia binsheng. Youda was the holder of employee equity incentives, and the investment was not paid in, accounting for 21%.

after the capital increase, the shareholding ratio of Yonghui Supermarket decreased to 35%, but the contribution amount accounted for 43.75% of the total paid-in capital, and the lottery was rarely withdrawn from the consolidated statement.

a senior investor in the industry told the financial report magnifying glass that with the help of the equity incentive held by employees, it was not paid in, and the proportion of capital contribution to paid-in capital was reduced to 43.75%, and it was "perfect" to withdraw from the consolidated statement, while ensuring more than half of the overall shareholding ratio, and it was possible to attack and retreat.

after the fresh investment, the value of this colorful food is 7.5 billion yuan, which is 2.35 times of the sales income of 3.194 billion yuan in 2119.

In p>2117, Caishixian entered the formal operation, and its subsequent operations are as follows:

The revenue scale continued to expand, and the growth rate slowed down, but the loss situation has not changed.

in the first half of p>2121, Caishixian realized an operating income of 3.15 billion yuan and a net profit loss of 214 million yuan.

Both Yonghui Yunchuang and Caishixian have been cultivated for many years, but it seems that they have failed to bring profits to the new retail of Yonghui Supermarket, and the acquisition of new user data has failed to bring more accurate marketing to Yonghui for exploring new profit models.

In front of the new CEO Li Songfeng, the ten-year plan of Yonghui Science and Technology is full of great uncertainties and challenges. Related Q&A: Yonghui Supermarket costs eight yuan. What should I do on August 21th? Is the stock distributed for the main force? I hope you can enlighten me.

Since the stock bottomed out in May 2114, its short-term cumulative increase has been relatively large, far exceeding the broader market. After regaining its rights forward, it looked at the running status of the whole stock. On August 3, 2114, it went up in volume, trying to break through the previous high point on October 21, 2111. Obviously, due to heavy selling, short-term profit chips were loose, and the breakthrough failed. At present, it is adjusted along the 11-day moving average to digest profit chips. Furthermore, the weekly K-line and the daily K-line of the stock are divergent at present, and the stock remains strong, and the weekly K-line has been adjusted for three consecutive weeks. The recent consolidation of this stock means obvious. It is expected that the adjustment period will be about one week, and the adjustment space will be near the 5-week line and the 21 th and 31 th lines. According to the usual practice, after the breakthrough fails, as long as the main chips are not loose and the differences between the main players are not too big, the next step to break through the previous high point on October 21, 2111 is bound to be carried out. However, the stock's performance is average, the room for continuous surge is not very large, and the profit space is not ideal. It is suggested that it can be out after the next breakthrough fails.