Lianhua Supermarket Holdings Co., Ltd.

0980.HK · HKSE

Company research

Lianhua Supermarket Holdings Co., Ltd. (0980.HK) is a Shanghai-based retail chain operator founded in 1991 and listed on the Hong Kong Stock Exchange since June 2003, principally engaged in the operation of hypermarkets, supermarkets, and convenience stores primarily in the eastern region of the People's Republic of China. The company operates its stores under well-known brand names including Century Mart, Lianhua Supermarket, Hualian Supermarket, and Lianhua Quik, and is a subsidiary of the Bailian Group. Beyond its core retail operations, Lianhua also engages in wholesale merchandise distribution, logistics support, e-commerce, store franchising, and catering services, generating annual revenue of approximately 19.71 billion CNY as of fiscal year 2024. Led by General Manager and Executive Vice Chairman Xiao-Yan Wang, the company employs approximately 19,868 staff and maintains a market capitalization of roughly HKD 414 million.

Research reports

AInvest (independent Research/news Platform) · March 30, 2026Lianhua Supermarket's Restructuring Gains Mask Eroding Core Retail Operations — A "Value Trap" in the Making?

Argues that the projected 35–55% reduction in 2025 net loss is driven largely by asset disposals and cost-cutting rather than a genuine recovery in the core retail operations, with H1 2025 revenue down 12% year-on-year and same-store sales declining across all formats. Highlights that opening 95 new outlets while closing 175 stores and facing shrinking customer traffic reflects misaligned capital allocation and a narrow, eroding moat, framing Lianhua as a potential value trap despite a consensus Hold rating and roughly HK$0.37 price target cited in market commentary.