Yonghui Supermarket Joint Venture Yunchuang Half-year Loss 600 million Branches Selling Outdated Food Penalized

category:Finance
 Yonghui Supermarket Joint Venture Yunchuang Half-year Loss 600 million Branches Selling Outdated Food Penalized


According to Article 23 of the Administrative Punishment Law of the Peoples Republic of China, Article 124, Paragraph 1, Paragraph 5 of the Food Safety Law of the Peoples Republic of China, and Article 4, Paragraph 2, Article 5, Paragraph 27, Paragraph 1 of the Administrative Punishment Law of the Peoples Republic of China, Futian Supervisory Bureau of the Shenzhen Market Supervision and Administration Bureau The provisions of Item 2 shall order the parties concerned to immediately rectify the illegal acts and to impose the above penalties.

The Penalty Decision emphasizes that within 15 days from the date of receipt of the Penalty Decision, the Huaqiang North Branch of Futian District of Shenzhen Yonghui Yunchuang Science and Technology Co., Ltd. shall hand over the above-mentioned fine of 722.9 yuan to the State Treasury in accordance with the requirements of the Notice of Penalty for Non-Tax Income of Shenzhen. If a party fails to fulfill the decision of administrative penalty within the time limit, the Futian Supervisory Bureau of Shenzhen Market Supervision and Administration may take the following measures according to law: 1. If the party fails to pay the fine at the due date, the penalty shall be increased by 3% of the amount of the fine per day; 2. The party shall apply to the peoples court for compulsory execution.

Shenzhen Yonghui Yunchuang Technology Co., Ltd. Huaqiang North Branch of Futian District was established on May 20, 2017. The companys head office is Shenzhen Yonghui Yunchuang Technology Co., Ltd.

Shenzhen Yonghui Yunchuang Technology Co., Ltd. is a subsidiary company of Yonghui Yunchuang Technology Co., Ltd. (hereinafter referred to as Yonghui Yunchuang). Its shareholder structure is as follows: Yonghui Yun holds 100% shares and subscribes 10 million yuan.

Yonghui Yunchuang is an important joint venture of Yonghui Supermarket Co., Ltd. (hereinafter referred to as Yonghui Supermarket, stock code: 601933).

On August 29, Yonghui Supermarket released its semi-annual report for 2019, which shows that Yonghui Yun, a joint venture company of the company, plans to increase its capital by 1 billion yuan for store expansion, consolidation of supply chain and promotion of Yonghui Life (S2C). The existing shareholders of Yonghui Yunchuang will increase their capital by the same proportion. Among them, Yonghui Supermarket will invest 266 million yuan. After the capital increase, the companys share in Yonghui Yunchuang remained unchanged, at 26.6%. In 2019, the company has completed the capital increase of Yonghui Yunchuang Technology Co., Ltd.

According to the financial information of important joint ventures disclosed in Yonghui Supermarkets semi-annual report, Yonghui Yunchuan achieved 1.383 billion yuan in business income, net profit of - 620 million yuan and total liabilities of 2.076 billion yuan in the first half of the year.

Zhang Xuanning is the founder of Yonghui Supermarket Co., Ltd. and Yonghui Yunchuang Technology Co., Ltd. and is currently the director of Yonghui Supermarket. Since its start-up in 2000, it has successively established Yonghui Fresh Supermarket, Central Factory of Coloured Food Fresh, Yonghui Life, Super Species and other retail formats. It has been the supervisor, executive director, general manager and CEO of Yonghui Supermarket Co., Ltd.

China Economic Network reporter inquiries found that Zhang Xuanning is Yonghui Supermarket legal representative Zhang Xuansongs brother.

Source: Responsible Editor of China Economic Network: Wang Honggui_NF7326