Zhejiang China Commodities City Group Co., Ltd. Environmental, Social, and Governance Report Zhejiang China Commodities City Group Co., Ltd. Report Preface 01 Entering Yiwu CCC 05 Compliance Governance to Build a Clean State-Owned Enterprise Environmentally Friendly to Guard Our Homeland 0579-85182812 Postal Code 322000 Email 600415@cccgroup.com.cn Fax 0579-85197755 Website www.cccgroup.com.cn Address Tel CCC Group Building, 567 Yinhai Road, Yiwu, Zhejiang CONTENTS 01 02 | Ab | Th | is R | 04 | Ab | Us | 09 ...

Core Viewpoint - Yiwu, a traditional foreign trade base in China, remains calm and confident amid the tariff war, with minimal impact on its export activities, contrary to external expectations [1][3][20]. Group 1: Export Dynamics - The overall export scale of Yiwu is projected to reach nearly 600 billion yuan in 2024, with direct exports to the U.S. accounting for less than 2% of total exports [4][5]. - Yiwu's total export value is approximately 588.96 billion yuan, showing a year-on-year increase of 17.7%, while imports reached 79.97 billion yuan, up 22.2% [5]. - The market procurement trade method contributes significantly to Yiwu's exports, with 4.7176 trillion yuan exported through this method, representing 80.1% of total exports [5]. Group 2: Trade Strategy and Adaptation - Since the onset of the trade war in 2018, Yiwu has shifted its focus towards trade along the "Belt and Road" initiative and the internationalization of the renminbi, enhancing its trade security [5][8]. - Yiwu's export model primarily involves non-branded finished products, which are less affected by tariff changes due to their market procurement nature [9][12]. - The establishment of digital platforms like Chinagoods and payment systems like YiwuPay reflects Yiwu's efforts to adapt to changing trade dynamics and promote renminbi internationalization [14][16]. Group 3: Market Perception and Future Outlook - The perception of Yiwu as a barometer for U.S.-China trade is outdated, as its role has evolved into a hub for non-U.S. trade [18][20]. - Despite potential losses in U.S. orders, Yiwu continues to grow, indicating resilience and adaptability in its trade practices [20][23]. - The diversification of trade relationships, particularly with regions like the Middle East and Latin America, is becoming increasingly important for Yiwu's future [23].

Group 1 - The core viewpoint of the article highlights the social security fund's investment strategy, showing a mix of new investments, increases, and reductions in holdings among various companies [1][2][3] - As of the end of Q1, the social security fund held shares in 15 companies, with a total holding of 260 million shares and a market value of 5.215 billion yuan [1][2] - The fund has newly invested in five companies, including Shandong Sanwei Chemical Group Co., Ltd. and Hainan Junda New Energy Technology Co., Ltd. [2][3] Group 2 - The social security fund increased its holdings in five companies, with the largest investment in Wanhua Chemical Group Co., Ltd., valued at 1.426 billion yuan [2][3] - The fund maintained its positions in two companies, while slightly reducing its holdings in three others, indicating a flexible response to market conditions [3] - Among the companies held, 12 are listed on the main board, 2 on the Sci-Tech Innovation Board, and 1 on the Growth Enterprise Market, reflecting a "technology + consumption" dual-core driving pattern [4] Group 3 - Seven of the companies in which the fund invested reported year-on-year profit growth in Q1, with Zhongyuan Media leading at a 234.61% increase [4] - Despite an average decline of 3.28% in the fund's heavy stocks, some companies like Juewei Food saw a price increase of 15.79% [4] - The fund's investment strategy is seen as a stabilizing force in the A-share market, focusing on high-quality assets and long-term growth potential [5][6]

有"世界超市"之称的浙江省义乌市可谓中国外贸出口的"晴雨表"。 作为全球最大的小商品集散中心，义乌国际商贸城汇集26个大类、210万种商品。义乌市场从业人员超 过20万人，经营商铺达7.5万个，市场主体总量超过115万户。2024年，义乌市实现进出口总额6689.30亿 元，同比增长18.2%，是浙江省整体进出口规模的12.7%。 作为义乌市场的运营主体，浙江中国小商品城集团股份有限公司（以下简称"小商品城"，600415.SH） 方面表示，基于义乌市场出口结构多元化、供应链韧性突出等特点，结合当前经营数据，公司认为此次 关税政策调整对整体业务无实质性影响，对义乌出口影响有限。 小商品城相关负责人日前向《中国经营报》记者表示，"一带一路"沿线国家及RCEP（区域全面经济伙 伴关系协定）区域持续为义乌市场带来新的机遇，东南亚、中东和拉丁美洲地区在贸易中占据较高的市 场份额。此外，AI出海、人民币出海和品牌出海正成为义乌市场的新亮点。 应对"关税大棒"的信心和底气 美国东部时间4月2日，美国总统特朗普在白宫签署两项"对等关税"的行政令，宣布美国对贸易伙伴设立 10%的"最低基准关税"，并对部分国家与地区征收额外对 ...

从中证浙江100指数持仓样本的行业来看，工业占比21.64%、原材料占比17.77%、信息技术占比 17.14%、可选消费占比16.02%、金融占比13.72%、医药卫生占比8.28%、公用事业占比1.99%、房地产 占比1.31%、通信服务占比1.12%、主要消费占比1.02%。 数据统计显示，中证浙江100指数近一个月下跌10.74%，近三个月下跌3.08%，年至今下跌4.11%。 据了解，中证浙江100指数从浙江省上市公司中选取100只规模大且流动性较好的证券作为指数样本，以 反映浙江省内有代表性的上市公司证券的整体表现。该指数以2012年12月31日为基日，以1000.0点为基 点。 从指数持仓来看，中证浙江100指数十大权重分别为：海康威视（5.76%）、宁波银行（4.45%）、同花 顺（3.09%）、杭州银行（3.05%）、三花智控（2.95%）、浙商银行（2.47%）、华友钴业（2.3%）、 小商品城（2.25%）、恒生电子（2.14%）、新和成（1.85%）。 从中证浙江100指数持仓的市场板块来看，上海证券交易所占比52.24%、深圳证券交易所占比47.76%。 金融界4月16日消息，A股三 ...

证券代码：600415 证券简称：小商品城 公告编号：临 2025-030 浙江中国小商品城集团股份有限公司 关于控股股东增持公司股份获得专项贷款承诺函的公告 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个别及连带责任。 近日，浙江中国小商品城集团股份有限公司（以下简称"公司"）收到控股 股东义乌中国小商品城控股有限责任公司（以下简称"商城控股"）通知，商城 控股已获得中国农业银行股份有限公司义乌分行（以下简称"农业银行义乌分行"） 出具的《中国农业银行贷款承诺函》。农业银行义乌分行拟为商城控股增持公司 股份计划提供不超过 9 亿元人民币的贷款额度，贷款期限不超过 3 年。现将有关 情况公告如下： 一、增持计划的主要内容 公司控股股东商城控股基于对公司未来发展前景的信心和长期投资价值的 认可，为提振投资者信心，支持公司持续、健康、稳定发展，维护资本市场和股 价稳定，决定通过上海证券交易所采用集中竞价、大宗交易等方式择机增持公司 股份，增持总金额不低于人民币 5 亿元（含），不超过人民币 10 亿元（含），增 持不设定价格区间。 详见公 ...

Core Viewpoint - The controlling shareholder of the company has secured a loan commitment to increase its stake in the company, indicating confidence in the company's future performance [1] Group 1 - The controlling shareholder, Yiwu China Commodity City Holding Co., Ltd., has obtained a loan commitment letter from Agricultural Bank of China Yiwu Branch [1] - The loan amount is up to 900 million RMB, with a term not exceeding 3 years [1] - This financial support is specifically designated for the shareholder to increase its holdings in the company's A-shares [1]

Core Viewpoint - Zhejiang China Commodity City Group Co., Ltd. has signed a strategic cooperation agreement with Alibaba Group to leverage Alibaba's strengths in cloud computing, big data, and e-commerce to create an AI-driven trade model for small commodities, aiming to enhance the digital trade capabilities of small and micro enterprises and promote the transformation of "Made in China" to "Intelligent Manufacturing in China" [1][3]. Group 1 - The collaboration will focus on four main areas: activating new engines of digital creation, upgrading smart trade processes, integrating AI to lead new business models, and building a new smart ecological space [3]. - The Yiwu Global Digital Trade Center will serve as a hub for real-time insights into global market trends, providing precise business opportunity matching for small and micro enterprises [3]. - The Chinagoods platform will be upgraded to include real-time industry data monitoring, intelligent analysis of operational indicators, and market trend forecasting, enhancing its trade service capabilities [3]. Group 2 - The joint development of an AI-driven trade model will include features such as intelligent product selection and multilingual marketing, facilitating the application of AI technology in cross-border marketing and supply chain management [3]. - The partnership aims to create a green and smart trade ecosystem by integrating data trading with low-carbon services, establishing a digital brain, and setting a benchmark for "dual carbon" practices [3]. - The collaboration is seen as a crucial step in the group's digital transformation, helping numerous small and micro enterprises expand into international markets and promoting the integration of digital technology with the real economy [3].

（原标题：今日，重要发布会，事关经济！） 重要新闻 多项经济数据将公布，国新办今日上午10时将举行新闻发布会，介绍2025年一季度国民经济运行情况。 中国人民银行会同金融监管总局、中国证监会、国家外汇局联合印发《金融"五篇大文章"总体统计制度（试行）》。 工业和信息化部组织制定的强制性国家标准《电动汽车用动力蓄电池安全要求》日前发布。 3．外交部发言人林剑15日表示，消博会、广交会、中国发展高层论坛等活动的成功举行，展现了各方加强经贸合作，抵御单边主义、保护主义的 决心和信心。中国是世界的市场、各国的机遇，将以高质量发展和高水平对外开放为世界经济注入稳定性和正能量。 4．社会保险基金监管局发布2024年全国职业年金基金市场化投资运营情况。截至2024年年底，全国31个省（自治区、直辖市）、新疆生产建设兵 团和中央单位职业年金基金投资运营规模3.11万亿元。自2019年2月启动市场化投资运营以来，全国职业年金年均投资收益率4.42%。 5．4月15日，海关总署召开进出口企业、行业协会商会座谈会。会上，进出口企业和行业协会商会负责人介绍了企业、行业生产运行和稳订单拓 市场情况，并提出政策措施建议。大家一致表示，坚 ...

Summary of Conference Call Notes Industry Overview - The conference call focused on the consumer sector, particularly in the areas of healthcare, food and beverage, and retail, following the recent government policies aimed at stimulating consumption after the Two Sessions [1][2]. Key Points and Arguments Consumer Sector Insights - The consumer sector is experiencing a notable recovery, with significant growth observed in healthcare, beauty, and food and beverage sectors post-policy implementation [1]. - The overall strategy for the consumer sector is categorized into three directions: Strong, Change, and New [2][3]. Strong Segments - **Consumer Export**: Key players include Xiaogoods City, Miniso, and Anker Innovations, leveraging China's strong manufacturing supply chain for global branding [3][4]. - **Gold and Jewelry**: The sector is expected to benefit from rising gold prices, with companies like Lao Fengxiang and Chow Tai Fook identified as strong performers. The anticipated recovery in demand is expected to materialize by Q2 2025 [6][8]. Change Segments - Companies undergoing significant transformations, such as Shanghai Jahwa and Xiyu Tourism, are highlighted as potential investment opportunities [10][14]. - The beauty sector is also seen as having a significant opportunity for growth, particularly with the decline in advertising costs on platforms like Douyin [9][10]. New Consumption Trends - New consumption habits are emerging, with brands like Lao Pu Gold and Mi Xue Group being recognized for their innovative approaches and market positioning [11][12][13]. - The tea beverage market is highlighted, with Mi Xue Group being a standout performer due to its strong brand and profitability [13]. Healthcare Sector Insights - The healthcare segment, particularly in ophthalmology, is showing strong recovery, with companies like Purui Eye Hospital and Aier Eye Hospital expected to see revenue growth of 15-20% in Q1 [32][33][34]. - The overall trend in consumer healthcare is positive, with a notable increase in patient flow and service demand [33][36]. OTC and Pharmacy Recommendations - The OTC market, particularly in pediatric medicine, is expected to recover, with companies like Jianmin Group and Huate Dain being recommended for their growth potential [38][41][42]. - The pharmacy sector is also showing signs of recovery, with leading companies achieving positive growth despite previous challenges [38][39]. Additional Important Insights - The overall sentiment is optimistic regarding the consumer sector's recovery, with expectations of policy support and market improvements in the coming quarters [22][23]. - The conference emphasized the importance of identifying companies that have already shown signs of recovery and are positioned for growth as the market stabilizes [16][21][24]. Conclusion - The conference call provided a comprehensive overview of the consumer sector's current state and future potential, highlighting key companies and trends that investors should monitor for opportunities in the coming year [43].