证券代码：600415 证券简称：小商品城 公告编号：临 2025-036 浙江中国小商品城集团股份有限公司2024年年度权益 分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/11 | － | 2025/6/12 | 2025/6/12 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025年 4月 23 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本5,483,645,926股为基数，每股派发 现金红利0.33元（含税），共计派发现金红利1,809,603,155.58元（含 ...

小商品城涨超3%，现报18.98元/股，股价创历史新高。 ...

小商品城 20250604 摘要 小商品城受益于出口导向型经济，尤其是一带一路国家的强劲增长，其 出口额以每年 30%以上的速度增长，有效降低了中美贸易摩擦的影响， 并得益于中国海关提供的 1,039 市场采购贸易模式的政策红利。 小商品城的核心商业模式是市场经营，通过租赁收入实现稳定盈利。国 际商贸城是其核心收租项目，占据总成交额的 85%以上，各区域销售不 同品类，对外出口比例较高，且具备扩建能力。 小商品城通过动态数据调整模型提高租金和商业拍卖获取非线性利润， 2023 年 101 个商位拍卖收入达 8 亿元，高于传统租金收入。截至 2024 年底，仅 16%的面积实现市场化定价，未来租金收入增长潜力巨 大。 数贸中心项目预计 2025 年 10 月开业，将带来百亿级别以上的入场费， 并支撑公司以高双位数发展利润三年以上。该项目包含新业态和新商业 模式，将对公司业务结构产生重大影响。 CG 平台作为 B2B 电商跨境服务平台，通过会员费模式为小商品城带来 可观收入，但相比阿里巴巴国际站，会员费仍有巨大增长潜力，未来三 年内有望通过科技手段将平均客单价提升十倍。 Q&A 小商品城公司在过去三年中的增长情况 ...

小商品城 20250603 摘要 义乌小商品城受益于义乌外贸的长期增长和关税政策的积极影响，尤其 是在中美贸易摩擦背景下，义乌作为"一带一路"关键节点，外贸活动 持续增长，对小商品城形成长期利好。 人民币国际化进程加速，小商品城拥有人民币结算支付牌照，跨境收款 业务快速增长，2024 年跨境收款超过 40 亿美元，增速达 233%，推动 公司市值突破 1,000 亿。 小商品城主业市场经营的租金和选位费具备长期上涨潜力，受益于"一 带一路"政策支持和企业转型带来的租户需求增加，预计租金每年有 5%以上的增长空间。 公司积极拓展跨境贸易平台、义乌配及进口业务等新业务，其中跨境贸 易平台对标阿里国际站，具有较高潜力，且公司是国家发改委国际贸易 综合改革方案中唯一试点企业，增强了进口业务的发展前景。 义乌小商品城的跨境 B2B 贸易平台聚焦义乌市场，服务中小微企业，通 过 AI 工具提供智能翻译，整合货代、金融支付、物流等服务，为中小微 企业提供标准化外贸服务。 Q&A 小商品城在关税战以来的表现如何？义乌市场的情况如何？ 小商品城在关税战爆发以来表现出色，市值已突破千亿。义乌市场整体表现优 于全国水平，尤其是 4 ...

金融界6月3日消息，上证指数低开高走，中证浙江国资创新发展指数 (浙江国资，931372)上涨1.29%， 报2293.62点，成交额120.48亿元。 从中证浙江国资创新发展指数持仓样本的行业来看，金融占比41.21%、工业占比24.00%、原材料占比 13.16%、通信服务占比6.30%、医药卫生占比5.86%、公用事业占比5.83%、可选消费占比2.44%、主要 消费占比1.21%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 跟踪浙江国资的公募基金包括：华夏中证浙江国资创新发展ETF联接A、华夏中证浙江国资创新发展 ETF联接C、华夏中证浙江国资创新发展ETF。 据了解，中证浙江国资创新发展指数从注册地位于浙江省且国资持股比例较高的上市公司中，选取市值 规模较大、盈利能力较强和研发强度较高的50 ...

此时非彼时，目前，受全球地缘政治紧张局势加剧的冲击，经济全球化频频遭遇"逆风"，贸易摩擦升 级。作为中国小商品出海的战舰，小商品城在此背景之下重新站上千亿元市值，意义重大。不仅意味着 公司转型升级成效显著，也是体现了我国小商品经济的强大韧性。 小商品城所在的浙江义乌，是全球最大的小商品中心。它不仅带动了全国20多个产业集群和210万家中 小微企业的发展，还吸引了超过2万名常驻外商和近9000家外资主体。这些数字使义乌成为全球客商的 重要聚集地，被誉为"世界超市"。目前，市场从业人员超过20万人，经营商铺达7.5万个，市场主体总 量超过115万户。 小商品城是义乌市场的主要经营者，旗下义乌国际商贸城，是全球最大的小商品集散地。数据显示， 2024年，义乌国际商贸城日均客流22.43万人次，同比增长12.15%；日均车流9.9万车次，同比增长 5.48%；外商日均到访量超3900人次，同比增长17.22%，全年吸引进入市场的全球采购商超百万人次， 覆盖230多个国家及地区，市场主要客流量指标均创近10年新高，中东、东南亚、拉美等新兴市场采购 份额持续提升。 虽然全球地缘政治紧张局势加剧，贸易摩擦升级，但我国经济展 ...

小商品城计划打造义乌市场杭州飞地。 小商品城（600415.SH）加速推进贸易综合服务升级。 5月29日晚间，小商品城发布公告称，公司全资子公司以5.69亿元竞得杭州一块国有建设用地使用权， 拟在杭州上城区打造义乌市场杭州飞地项目。该项目建设周期为2年至3年，总投资估算为10.99亿元。 资金来源为公司自有资金及部分银行贷款。 长江商报记者注意到，顺应时代发展趋势，2020年，小商品城剥离房地产业务后转向贸易综合服务，目 前已成为国内专业批发市场的龙头企业。公司的财务状况逐年改善。历经三连降后，2024年末，公司资 产负债率为47.48%，2025年一季度末进一步降至43.38%。 近些年来，小商品城持续派发现金红利。过去四年，公司合计分红36.65亿元，结合同期实现净利润合 计81.89亿元计算，其四年整体分红率为44.76%。 子公司5.69亿拿地建义乌市场飞地 长江商报消息 ●长江商报记者 杨蝶 最新披露的公告显示，小商品城全资子公司杭州商博南星置业有限公司以5.69亿元竞得杭州景芳三堡单 元JG1203-28地块国有建设用地使用权，用于建设义乌市场杭州飞地项目。 具体来看，该地块用地面积约1.39万平 ...

Investment Rating - The report maintains a "Buy" rating for the company [10] Core Insights - The report focuses on the deepening of international trade reforms in Yiwu, which is expected to enhance the efficiency of consumer goods imports and significantly boost the growth potential of the company [3][5] - The company has successfully transformed from a traditional commercial property operator to a comprehensive foreign trade service provider, benefiting from the new round of international trade reform [5][8] - The report highlights the importance of Yiwu as a global hub for small commodities, with a strong manufacturing base and a vibrant trade ecosystem [5][17] Summary by Sections New Round of International Trade Reform in Yiwu - The Yiwu market is recognized as the largest small commodity distribution center globally, with a population growth rate surpassing major first-tier and new first-tier cities [5][17] - The State Council approved the "Overall Plan for Deepening International Trade Comprehensive Reform in Yiwu," which aims to establish a higher-level international trade window and enhance the city's global competitiveness [20][24] Import: Expanding High-Quality Opening Up - China's foreign trade policy is shifting towards actively expanding imports, with the central economic work conference emphasizing the need for high-quality opening up [6][26] - The report notes that the current import growth rate is lagging behind exports, indicating significant potential for improvement in the import structure [6][32] Export: Policy Benefits Creating Export Trade Prosperity - Yiwu has benefited from innovative market procurement trade methods, which have simplified the export process and reduced costs [7][8] - The report anticipates that the new reform plan will further enhance the market procurement trade model, driving export growth despite global trade uncertainties [7][8] Investment Recommendations: Positive Outlook on Performance Growth - The company is expected to see significant growth driven by the resonance of new and old businesses, with a projected EPS of 0.75, 0.95, and 1.14 yuan for 2025-2027 [8] - The report emphasizes the strategic positioning of the company in emerging market economic cooperation, which is expected to unlock new growth opportunities [8]

Group 1: Core Insights - The article focuses on Yiwu's deepening international trade reform, highlighting its successful transformation into a "comprehensive foreign trade service provider" and the potential for new growth opportunities due to the latest round of national trade reform pilot programs [1] - Yiwu is recognized as the world's largest small commodity distribution center, benefiting from a robust manufacturing base and a thriving foreign trade ecosystem, with urban disposable income projected to surpass that of Beijing and Shanghai by 2024 [1] - The State Council approved a comprehensive reform plan for Yiwu in December 2024, aiming to establish it as a significant international trade window and to rejuvenate its status as the "world capital of small commodities" [1] Group 2: Import and Export Dynamics - China's foreign trade policy is shifting towards actively expanding imports, with the 2024 Central Economic Work Conference emphasizing the need for high-quality import expansion [2] - Current import methods face challenges in approval times and regulatory complexities, necessitating improvements to align with consumer demand for quality and price [2] - Yiwu's export trade has thrived due to innovative market procurement trade methods, which simplify the declaration process and reduce tax costs, enhancing efficiency for small and micro enterprises [3] Group 3: Investment Outlook - The company has successfully transitioned from a traditional commercial property operator to a comprehensive foreign trade service enterprise, with both old and new business lines expected to drive significant growth in 2024 [4] - Upcoming projects, including the global trade center and digital initiatives, are anticipated to enhance the company's operational capabilities and accelerate import business growth [4] - Earnings per share (EPS) projections for 2025-2027 are estimated at 0.75, 0.95, and 1.14 yuan, indicating a positive investment outlook [5]

Investment Rating - The report maintains a "Buy" rating for the company [12] Core Viewpoints - The report emphasizes the significance of the new round of international trade reform pilot in Yiwu, which is expected to enhance the efficiency of consumer goods imports and boost the company's growth potential [4][7] - The company has successfully transformed from a traditional commercial property operator to a comprehensive foreign trade service provider, benefiting from the current trade reform policies [10] Summary by Sections Launch: New Round of International Trade Reform in Yiwu - Yiwu has been designated as a pilot for national international trade reform, with a focus on enhancing trade efficiency and supporting the development of a robust foreign trade ecosystem [7][21] - The city has experienced a population inflow and boasts the highest per capita disposable income in the country, indicating strong urban vitality [21] Imports: Continuous Expansion of High-Quality Opening Up - China's foreign trade policy is shifting towards actively expanding imports, with a focus on improving the efficiency of consumer goods imports [8][33] - The report highlights the need for innovation in import mechanisms to meet domestic consumer demand for quality and price [8][50] Exports: Policy Dividends Create Export Trade Prosperity - Yiwu has benefited from innovative market procurement trade methods that simplify the export process and reduce costs [9][10] - The report notes that despite uncertainties in international trade, Yiwu's exports are expected to maintain steady growth due to China's manufacturing advantages [9] Investment Recommendations: Positive Outlook on Performance Growth Certainty - The company is positioned to benefit from the dual drivers of traditional and new business growth, with expected earnings per share (EPS) of 0.75, 0.95, and 1.14 yuan for 2025-2027 [10] - The report anticipates that the new trade reform policies will accelerate the company's import business and enhance overall performance [10]