Driving Factors and Investment Analysis of Yonghui Superstores (601933.SH) Making It to the Popular List

Yonghui Superstores (601933.SH) became a market hot stock mainly driven by the introduction of Fujian Province’s Taiwan-friendly policies, which activated expectations for Fujian-Taiwan trade, infrastructure and commercial cooperation, leading to a collective rise of Fujian-listed companies [0]. From the price behavior perspective, the company’s stock price surged 41% between December 8-11, 2025, with three consecutive daily limits in the first three days and a significant increase in trading volume [0].

However, the company’s fundamental performance has continued to deteriorate: it has accumulated a loss of nearly 10 billion yuan over the past four years; in the first three quarters of 2025, its revenue decreased by 22.21% year-on-year to 4.2434 billion yuan, and net profit was -710 million yuan, with the loss expanding 8 times year-on-year [0]. The company’s “learning from Pang Donglai” store renovation plan not only failed to improve performance but also led to further decline [0]. Meanwhile, the concerted actor of the company’s chairman completed a large-scale share reduction between December 4-8, 2025, reducing 90.75 million shares and cashing out over 3.77 billion yuan, with the share reduction price range of 3.85-4.32 yuan [0].

1. Short-term Speculation vs. Fundamental Deviation
   : The current stock price increase is mainly driven by policy expectations and lacks fundamental support. The company has issued a risk warning indicating that the stock price deviates from the normal fluctuation range [0].
2. Share Reduction Pressure and Overvaluation
   : After the chairman’s share reduction was completed, the current stock price (above 5.00 yuan) is far higher than the share reduction price range, implying correction risks [0].
3. Transformation Pain Period
   : The store renovation plan is in the implementation phase, which is difficult to take effect in the short term; performance improvement still needs time [0].

• Excessive short-term gains, valuation deviating from fundamentals, high correction risk [0]
• Sustained deterioration of fundamentals, no reversal of loss expansion trend [0]
• Uncertain effect of store renovation, prolonged transformation pain period [0]

• Fujian’s Taiwan-friendly policies may bring long-term commercial cooperation opportunities [0]
• Successful store renovation is expected to improve operational efficiency [0]

Yonghui Superstores (601933.SH) recent popularity stems from policy-driven short-term speculation, with a 4-day gain exceeding 41%. However, the company has accumulated a loss of nearly 10 billion yuan over four consecutive years, its Q1-Q3 loss in 2025 expanded 8 times year-on-year, and the chairman just completed a large-scale share reduction. Investors need to pay attention to short-term correction risks while monitoring the company’s transformation progress and policy implementation effects.