wen｜leidacaijing moenmeng 

编辑 | 深海

yonghuichaoshiyuzhongbaijituanzhangdashiyiniande“yinyuan”，zaiyonghuichaoshi12yue18rifabudeyizhigonggaozhongxuangaozhongjie。

gonggaoxianshi，12yue3rizhi17ri，yonghuichaoshitongguoquanzizigongsizhongqingyonghuichushoulesuochizhongbaijituanyue6710wangugufen，shixianqingcangshijianchi。

yonghuichaoshiyuzhongbaijituanhezuojianxingjianyuan，beihouhuoyuzhongbaijituanjinnianyejibujiayouguan。jinjinian，zhongbaijituandeyingshouchixuxiahua，qiechangnianchuyukuisunzhuangtai。jibianshijinnianqiansanjidu，zhongbaijituandeyejirengjiuchengya。

leidacaijingshulifaxian，qishizi2022nianqi，yonghuichaoshibiankaishijianchizhongbaijituangufen，zhidaojinnian12yuechediqingcang。jinguanzhongbaijituandegujiazaibenyueneifanleyibeihaiduo，danyonghuichaoshicifanchushourengranweineng“huiben”，leijiquerendetouzishouyiyuewei-0.46yiyuan。

yuzhongbaijituanxiangsi，yonghuichaoshijinnianlaidejingyingzhuangkuangyepoweijiannan，qiyingshoulianxuduonianchuxianxiahua，erqi2021nianzhijinniandisanjidumodeleijiguimujinglirunkuisungengshichaoguo81yiyuan，qiemendianshuliangdafusuoshui。

weileniuzhuantuishi，yonghuichaoshicaiquleduozhong“zijiu”cuoshi，qizhongbaokuoxiangshangchaojiedewanghongpangdonglai“qujing”，yijiguanbibufenyejibujiademendian。erzaiciciqingcangzhongbaijituangupiaoqian，yonghuichaoshihaicengpinpinpaoshoutouzizichan。yonghuichaoshisuochiyoudewandashangguan、hongqiliansuodenggongsidegufen，junbeiqibaishanglehuojia。

十一年缘分终结，永辉超市清仓中百集团

12yue18ri，yonghuichaoshifabuyizegonggaocheng，12yue3rizhi12yue17riqijian，yonghuichaoshitongguoqixiaquanzizigongsizhongqingyonghuiyijizhongjingjiadefangshileijichushouzhongbaijituanyue6710wangugufen，chushoujineyuewei4.4yiyuan。

juxi，zheibufengufenzhandaozhongbaijituanzonggubende9.87%。jiezhibengonggaori，yonghuichaoshijiqixiashuzigongsiyiquanmianqingkongsuochiyoudezhongbaijituanagugupiao，shixianleduizhongbaijituangupiaodeqingcangshijianchi。

duiyuciciqingcangzhongbaijituandegupiao，yonghuichaoshifangmianbiaoshi，zheishiyinweiyonghuixiwangnengjujiaozhuye，huishoufeihexinzhanlvexiangguandetouzi。tongshi，yonghuichaoshiqiangdiao，zheiyibingbuhuiyingxiangyonghuizaihubeidiqumendiandezhengchangjingying。

tianyanchaxianshi，chuangliyu1937niandezhongbaijituan，shiwoguozhongxibudiquliansuoguimozuida、shangyewangdianzuiduodedaxingxiandaihuashangyeshangshigongsi，eryonghuichaoshiyuzhongbaijituandechiguguanxijianliyushiyinianqian。

jiangshijianhuibozhi2013nian11yue，yonghuichaoshifabugonggaocheng，dangnian11yue5rizhi22riqijian，yonghuichaoshijizhongqingyonghuiyutongguoshenjiaosuojiaoyixitongmairuzhongbaijituangufen0.34yigugufen，zhanzhongbaijituanzonggubende4.99%。

bishi，yonghuichaoshizaigonggaozhongjieshicheng，bencigoumaixingweijiyugongsiduimuqianzibenshichangxingshiderenshiheduizhongbaijituanqiyejiazhiderenkeheqianjingdexinxin。cihou，yonghuichaoshiduocizengchizhongbaijituandegupiao。

daole2019nian，yonghuichaoshishenzhiyidudongqileyaoyueshougouzhongbaijituandeniantou。dangnian3yue，yonghuichaoshixiangzhongbaijituanfachushumiantongzhi，gaozhigongsinitongguoyaoyueshougoudefangshijiangqizhijiehejianjiehejichiyoudezhongbaijituandegufenbilicongciqiande29.86%tigaozhizuiduobuchaoguo40%。

yonghuichaoshiduicibiaoshi，gongsikanhaozhongbaijituandeweilaifazhanqianjing，yaoyueshougouzhizaijiaqiangduizhongbaijituandezhanlvetouzihezhanlvehezuo，jinyibucujingongsihezhongbaijituanzhijiandeyewuxietongxiaoying，tishengzhongbaijituanjiazhi，buyimouqiukongzhiquanweimude。

zhidezhuyideshi，jiezhi2019niandiyijidumo，zhongbaijituanshijikongzhirenwuhanguoyouzichanjingyingyouxiangongsitongguowuhanshanglian(jituan)gufenyouxiangongsihewuhanhuahantouziguanliyouxiangongsihejichiyouzhongbaijituan34%degufen。ruguoyonghuichaoshichenggongshishigaiyaoyueshougoujihua，qichigubilijiangchaoguoqianzhe。

buguo，zheiciyaoyueshougouzuizhongmeinengchengxing。dangnianniandi，yonghuichaoshijuedingquxiaociqianxiangzhongbaijituanfachudebufenyaoyueshougoujihua，weichi29.86%dechigubilibubian。yonghuichaoshihaiqiangdiao，gongsizhichiwuhanguozizuoweizhongbaijituandeshijikongzhiren，yonghuichaoshibumouqiuzhongbaijituandeshijikongzhiquan。

bishi，shuangfanghaijiugongsizhili、jingyingguanliyijiweilaifazhanfangxiangdengfangmiandachengquanfangweigongshibingqianding《hezuobeiwanglu》，qizhongbaokuozhongbaijituandongshizhangyouwuhanguozitiming，zhongbaijituanzongjingliyouyonghuichaoshitiming，jingyouzhongbaijituandongshihuipinrenchansheng。

yonghuichaoshihaijiangbangzhuzhongbaijituanyouhuayewuliucheng；cushizhongbaijituanzaicaigou、wuliu、renzi、caiwuyusuanguanlidenggefangmianjiaqiangyuyonghuichaoshidezhanlvehezuo，xietongfazhan。《hezuobeiwanglu》haitidaolezhongbaijituandeyejijihua，jilizhengzaisannianshijianjiangzhongbaijituanzhuyingyewudexiaoshoujinglilvtigaozhi2.5%。

此番出售未能回本

cengjingqinmiwujiandehezuohuoban，weihehuijianxingjianyuan？fankanzhongbaijituanzuijinjinianjiaochudecaibao，huoxukeyizhaodaoyixiexiansuo。jinxienian，zhongbaijituandeyejinanyanchuse，erzheihuoxushirangyonghuichaoshijuedingfangshoudeqizhongyigezhongyaoyuanyin。

leidacaijingshulifaxian，2020nianzhi2023nianqijian，zhongbaijituandeyingshouchengxianchubuduanxiahuadetaishi，tongbifenbiejianshao15.56%、6.08%、1.08%、4.57%，guimocong2019niande155.48yiyuanyiluxiahuazhi2023niande116.39yiyuan。

yingshouchixuxiahuadetongshi，zhongbaijituanhaichangnianshenchukuisunnitan。2021nianzhi2023nian，zhongbaijituanfenbielude0.51yiyuan、3.54yiyuan、3.38yiyuandeguimujinglirunkuisun。er2019nianhou，zhongbaijituanmeiyouyiniandachengciqianyuyonghuichaoshiqianshu《hezuobeiwanglu》zhonglixializhengzaisannianshijianjiangzhongbaijituanzhuyingyewudexiaoshoujinglilvtigaozhi2.5%deyejimubiao。

jinru2024nian，zhongbaijituandeyejichixuchengya。jinnianqiansanjidu，zhongbaijituanzhanhuo81.3yiyuandeyingshou，xiangjiaoshangniantongqijianshao11.5%。tongqi，zhongbaijituandeguimujinglirunzhibiaolude3.32yiyuandekuisun，xiangbishangniantongqikuisunguimojinyibukuoda。

zhidezhuyideshi，juyonghuichaoshi2022nian6yuehuifushangjiaosuogongzuohandeyifengonggaoxianshi，2021nian，gongsizhangqiguquantouziqimoyue47.74yiyuan，qineijitijianzhizhunbeigongji3.26yiyuan，qizhongduizhongbaijituanjiti3.17yiyuan。

bishi，yonghuichaoshizaigonggaozhongbiaoshi，yiqingdaozhiguoneilingshoushichangchuxianlejiaodabiange，shengxiandianshang、shequtuangoudengyetaidexingqi，daizouleyibufenchuantongxianxiashangchaodekeliu，gaidengbianhuayeduizhongbaijituandeyewufazhangouchengleyidingtiaozhan，shouyiqingmendianbidianyijishangshuwaibujingzhengyinsudeyingxiang，zhongbaijituanjinsannianyingyeshouruzhunianxiahua。

erzi2022nianxiabanniankaishi，yonghuichaoshiluxujianchizhongbaijituandegufen。jinnian12yuechu，zhongbaijituanpilu，yonghuichaoshibuzaishigongsi5%yishangdedagudong，ciqianyonghuichaoshixiangzhongbaijituanpaizhudedongshiwulefengsuijitijiaocicheng。zhidaocicifabugonggaozhishi，yonghuichaoshichediqingcanglechiguchaoguo11niandezhongbaijituan。

leidacaijingzhuyidao，yonghuichaoshiqingcangzhongbaijituangupiaozhiji，zhongbaijituanjinqigujiazoushixiren，zai14gejiaoyirineishouhuoduogezhangtingban。jiezhi12yue19rishoupan，zhongbaijituangujiabao9.36yuan/gu，benyueneigujialeijizhangfugaoda126.09%。

jinguanzhongbaichaoshijinqizaizibenshichangshangdebiaoxianshifenqiangyan，danyonghuichaoshicifanchushourengmeiyou“huiben”。

juyonghuichaoshipilu，bencichushouqian，qichiyouzhongbaijituanduiyingguquandezhangmianjiazhiwei2.79yiyuan，chushitouzichengbenwei4.86yiyuan（mairujunjia-fenhong），bencichushoujiangzengjia2024niantouzishouyiyuewei1.61yiyuan（weikouchuxiangguanshuifei），danshangshuguquanleijiquerentouzishouyiyuewei-0.46yiyuan。

永辉超市境况不妙，为“自救”频繁“卖卖卖”

ningyuankuibenyeyaoqingcangzhongbaijituandebeihou，yonghuichaoshidangxiaderiziyebuhaoguo。

2021nianzhi2023nian，yonghuichaoshideyingshoulianxusannianchengxianxiahuataishi，qiyingshouguimocong2020niande931.99yiyuanyiluxiahuazhiquniande786.42yiyuan。qiansanjidu，yonghuichaoshideyingshoutongbizaidujianshao12.14%，jiangzhi545.49yiyuan。

zhiyujinglirunzhibiao，yonghuichaoshihezhongbaijituan“tongbingxianglian”，qieyonghuichaoshidekuisunkulongyuanchaozhongbaijituan。2021nianzhi2023nian，yonghuichaoshideguimujinglirunkuisunfenbiewei39.44yiyuan、27.63yiyuan、13.29yiyuan，zaijiashangjinnianqiansanjidu0.78yiyuandekuisun，yonghuichaoshiqianshushijianduanneideleijikuisunyichao81yiyuan。

duiyuqiansanjidudeyingshoubiaoxian，yonghuichaoshijieshicheng，yifangmianlingshouxingyejingzhengjilie，bufenxiaofeizhexiaofeixiguandegaibianyijixiaofeizheduigouwutiyan、shangpinpinzhidengyaoqiugenggao，gongsikeliu、kedanjunchuxianyidingchengduxiahua。

lingyifangmian，gongsizhudongjinxingmendianyouhuadiaogai，zaiduiqianlimendianjinxingguandiangaizaodetongshitaotaiguanbilebufenweibumendian，yishangliangfangmianyinsugongtongyingxiangshidegongsitongdianxiaoshoujimendianshuliangjunyousuoxiahua。

erguimujinglirundexiajiang，zhuyaoshishoudaoyingshouhemaolilvxiahuadeyingxiang。qizhong，yingshouxiahuaruqiansuoshu，jiyouwaibuhuanjingdeyingxiang，yeyouneibuduanqimendianyouhuadiaogaideyingxiang。maolilvfangmian，gongsiqiansanjiduzonghemaolilv20.84%，jiaoshangniantongqijianshao0.79gebaifendian。

shishishang，yonghuichaoshiweile“zijiu”xiangjinlegezhongfazi，qizhongbianbaokuoyaoqingpangdonglaichumiandiaogai。yonghuichaoshizaifabusanjibaoshitoulu，jiezhibaogaopiluri，gongsizaitongxingyouxiugongsidebangfuxia，yiwanchengdiaogaimendian10jia，qizhongzizhudiaogai7jia，diaogaimendianyingshoujunyoujiaodafududezengzhang。

chulexiangpangdonglai“baishi”，yonghuihaichixu“shoushen”。juyonghuichaoshiciqianfabudenianbaoxianshi，jiezhi2023nian12yue31ri，gongsichaoshiyewuyijinruquanguo29geshengshi，mendiangongji1000jia。erjuyonghuiguanwangxianshi，jiezhi12yue17ri，yonghuichaoshizaiyongyou788jiamendian。jucijisuan，zaijiangjinyiniandeshijianli，yonghuichaoshijingguanbile212jiamendian。

chuleguanbizijiademendian，yonghuichaoshihaipinfanpaoshoutouzizichan。qunian12yue，yonghuichaoshifabugonggaocheng，niyi45.3yiyuandejiagexiangdalianyujinmaoyiyouxiangongsichushouqisuochiyoudedalianwandashangyeguanlijituangufenyouxiangongsigufen。

tongyue，yonghuichaoshijinjiezheyoufabuyizegonggaocheng，niyi8yiyuandejiagexiangsichuanshangtoutouziyouxianzerengongsichushouqisuochiyoudehongqiliansuo10%degufen。

daolejinnian4yue，yonghuichaoshiyoukaiqile“maimaimai”demoshi。bishi，yonghuichaoshifabugonggaocheng，gongsiniyi3.36yiyuandejiagexiangshanghaipaihuikejiyouxiangongsichushouyonghuiyunjinkejiyouxiangongsi65%deguquan。

zaipiluqianshusanfenjiaoyidexiangguangonggaozhong，yonghuichaoshijunbiaoshi，xiangguanzichanjiaoyidemudeshiweilepanhuogongsizichan，fuhegongsisuoxiaotouziguimozhanlve。

buguo，zaichushouwandashangguangufendeguochengzhong，yonghuichaoshihouxuqueyushangleyixiechaqu。youyushenweimaifangdedalianyujinmeiyouzaiyuedingshijianneixiangyonghuichaoshizhifushourangdalianwandashangguangufendedisiqiguquanzhuanrangkuan3yiyuan，qiewangjianlin、sunxishuang、dalianyifangyeweinengchengdandanbaozeren，yonghuichaoshijinnian10yueyinuzhixiaxiangshanghaiguojizhongcaizhongxintiqizhongcaishenqing。

suizhecifanguquanguanxidezhongjie，“fendaoyangbiao”deyonghuichaoshihezhongbaijituanjiangshixianghefang？leidacaijingjiangchixuguanzhu。