Group 1: Import and Export Data - In the first half of 2024, Yiwu's total import and export value reached 324.77 billion yuan, a year-on-year increase of 20.7% [6] - Exports amounted to 288.03 billion yuan, growing by 21.3% year-on-year, while imports were 36.74 billion yuan, with a year-on-year increase of 16.4% [6] - Notable export growth was observed in household appliances (8.39 billion yuan, +51.9%), auto parts (3.61 billion yuan, +33.3%), and sports goods (5.02 billion yuan, +42.3%) [6] Group 2: Factors Influencing Auto Parts Export Growth - Market demand has increased due to global economic recovery, particularly in countries involved in the Belt and Road Initiative [7] - Industry upgrades through technological innovation have enhanced the competitiveness of Chinese auto parts [7] - Yiwu's government has implemented supportive policies to facilitate international market expansion and risk management [7] - New trade models, such as market procurement, have improved export efficiency [7] - The Regional Comprehensive Economic Partnership (RCEP) has provided tariff reductions and better trade conditions for exports to Southeast Asia [8] Group 3: Expansion of Export Categories - In 2024, China's light industrial products are performing well globally, despite challenges from trade policy uncertainties and transportation fluctuations [9] - Yiwu's market is expanding from 21 major categories and 48 industries to include diverse demands such as energy storage, inverters, and health products [9] Group 4: New Business Developments - The new business segment, chinagoods, reported a net profit exceeding 72 million yuan in the first half of the year, with GMV surpassing 45 billion yuan, and is expected to exceed 80 billion yuan for the full year [9] - The cross-border RMB payment service, operated by Kuaiqutong, achieved a transaction volume of 12 billion yuan in the first half of the year, with a net profit of over 27 million yuan, showing significant year-on-year growth [9]

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。 一、 股东大会有关情况 1. 股东大会的类型和届次： 2024 年第二次临时股东大会 证券代码：600415 证券简称：小商品城 公告编号：临 2024-038 浙江中国小商品城集团股份有限公司 关于 2024 年第二次临时股东大会增加临时提案的公告 2. 股东大会召开日期：2024 年 9 月 2 日 3. 股权登记日 | 股份类别 | 股票代码 | 股票简称 | 股权登记日 | | --- | --- | --- | --- | | Ａ股 | 600415 | 小商品城 | 2024/8/27 | 二、 增加临时提案的情况说明 1. 提案人：义乌中国小商品城控股有限责任公司 2. 提案程序说明 公司已于 2024 年 8 月 16 日公告了股东大会召开通知，单独持有 55.40%股 份的股东义乌中国小商品城控股有限责任公司，在 2024 年 8 月 22 日提出临时提 案并书面提交股东大会召集人。股东大会召集人按照《上市公司股东大会规则》 有关规定，现予以公告。 3. 临时提 ...

证券代码：600415 证券简称：小商品城 公告编号：临 2024-037 二○二四年八月二十三日 附件： 刘晓婧，女，1989 年 9 月出生，汉族，中共党员，硕士研究生学历 2016.06-2018.12 任中信建投证券股份有限公司理财规划师 2018.12-2021.04 任杭州海兴电力科技股份有限公司证券事务代表 2021.04-2021.09 任易易互联科技有限公司投融资经理 2021.10-2022.04 任吉利聚能（浙江）科技有限公司投融资经理 浙江中国小商品城集团股份有限公司 关于公司董事辞职及补选董事的公告 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。 浙江中国小商品城集团股份有限公司（以下简称"公司"）董事会近日收到 公司董事张乐平先生的辞职报告。因个人工作变动原因，张乐平先生申请辞去公 司董事职务。根据《公司法》及《公司章程》的有关规定，张乐平先生的辞职报 告自送达公司董事会之日起生效，辞职后张乐平先生不再担任公司其他职务。公 司董事会就张乐平先生在任职期间为公司发展所做的贡献表示衷心感谢。 公司 ...

[Table_Main] 小商品城（600415）24H1 点评 : 稳健优绩 引领商贸领域迈向新质生产力 事件描述 公司发布 2024 年半年度报告，主营业务增长稳健，新兴及平台业务盈利性显 著提升，同时，公司制定义乌指数三年行动规划，催生商贸领域数据要素新质 生产力。 事件点评 义乌市场景气度高，客流量超 19 同期水平 24 上半年，义乌市场日均客流量 21.88 万人次；日均外商超 3600 人，同比 增长超 80%，外商入场人数显著增加，市场主要客流量指标均超 2019 年同 期水平。2024 年上半年，义乌市公路、铁路、航空客流总量约 1200 万人次， 同比增长约 15%，入境外商约 25 万人次，同比增长约 95%。 制定义乌指数三年行动计划，催生商贸领域数据要素新质生产力 公司联合高校持续更新小商品指数，并制定关于数据要素三年行动计划：1） 2024 年完善指数模型并全面升级，持续推进数据入表工作，催生商贸领域数 据要素新质生产力；2）2025 年开发更多子指数以满足不同层面需求，逐步 扩大人工智能的融合及应用；3）2026 年做到小商品分类标准国际化，跻身 全球商贸领域数据领先地位。 Ch ...

[Table_Main] 小商品城（600415）24H1 点评 : 稳健优绩 引领商贸领域迈向新质生产力 事件描述 公司发布 2024 年半年度报告，主营业务增长稳健，新兴及平台业务盈利性显 著提升，同时，公司制定义乌指数三年行动规划，催生商贸领域数据要素新质 生产力。 事件点评 义乌市场景气度高，客流量超 19 同期水平 24 上半年，义乌市场日均客流量 21.88 万人次；日均外商超 3600 人，同比 增长超 80%，外商入场人数显著增加，市场主要客流量指标均超 2019 年同 期水平。2024 年上半年，义乌市公路、铁路、航空客流总量约 1200 万人次， 同比增长约 15%，入境外商约 25 万人次，同比增长约 95%。 制定义乌指数三年行动计划，催生商贸领域数据要素新质生产力 公司联合高校持续更新小商品指数，并制定关于数据要素三年行动计划：1） 2024 年完善指数模型并全面升级，持续推进数据入表工作，催生商贸领域数 据要素新质生产力；2）2025 年开发更多子指数以满足不同层面需求，逐步 扩大人工智能的融合及应用；3）2026 年做到小商品分类标准国际化，跻身 全球商贸领域数据领先地位。 Ch ...

Summary of Conference Call for Xiaogoods City Company Overview - **Company**: Xiaogoods City - **Industry**: Cross-border e-commerce and payment services Key Points and Arguments Financial Performance - The company reported strong operational results in the first half of the year, with significant growth in its core business after excluding last year's investment income [3][4] - Rental income increased by approximately 5%, contributing to an annual revenue of around 25 billion [4] - Net profit from new business initiatives exceeded expectations, with the China Post platform generating over 72 million in net profit and a GMV exceeding 45 billion, projected to surpass 80 billion for the year [5][6] Cross-border Payment Growth - The QuickPass payment service achieved a cross-border payment volume of 120 billion RMB (approximately 18 billion USD) in the first half of the year, a significant increase from 10 billion RMB in the same period last year [6][7] - The net profit from cross-border payments reached over 27 million RMB, showcasing the profitability of this segment [6][7] Market Trends and Future Outlook - The company anticipates continued growth in its core business, driven by the opening of new market areas and the expansion of emerging business lines [8][10] - The Global Digital Trade Center is expected to open on October 21, 2024, coinciding with a major trade event, which is anticipated to boost rental income and overall business performance [9][10] New Business Initiatives - The establishment of a joint venture with Tsinghua University for AI applications aims to enhance service offerings for small and medium-sized enterprises [14][15] - The integration of AI into business operations is seen as a strategic priority for the next five years, with applications in online services and marketing [16][17] Cross-border Payment Infrastructure - The company is actively participating in the development of a new cross-border payment infrastructure, including a "bridge" for digital currency transactions, which is expected to enhance transaction efficiency and reduce costs [22][24][32] - The company has received approval for a "lightning account" model for cross-border settlements, positioning it as a leader in this emerging market [23][24] Competitive Positioning - Xiaogoods City is positioned as a pioneer in the cross-border payment sector, leveraging its unique market environment in Yiwu to capture growth opportunities [19][27] - The company is optimistic about its growth potential, with plans to expand its overseas licensing and enhance its service capabilities [26][27] Additional Important Information - The company has noted a significant increase in customer traffic and export data from Yiwu, indicating a robust market environment [10][11] - The pricing for office space in the Global Trade Center is approximately 15,000 RMB per square meter, significantly higher than surrounding areas, reflecting strong market demand [11][12] - The company is focusing on emerging industries such as drone technology and health products, indicating a diversification strategy [12][13] This summary encapsulates the key insights from the conference call, highlighting the company's financial performance, growth strategies, and market positioning within the cross-border e-commerce and payment industry.

Summary of Conference Call Company and Industry Involved - The conference call involved discussions about "小商品城" (Small Commodity City), a company that is closely monitored and positively viewed by the research group [1]. Core Points and Arguments - The leadership team, including Xu, Zuo, and Xia, provided updates on the company's business progress and shared insights for the upcoming year [1]. - The company is actively engaged in cross-border e-commerce and cross-border payment sectors, indicating a strong market recognition and potential for growth in these areas [1]. Other Important but Possibly Overlooked Content - The emphasis on the company's continuous monitoring suggests a strategic interest in its performance and market positioning, which may present investment opportunities [1].

证券研究报告 | 半年报点评 gszqdatemark 2024 08 20 年 月 日 小商品城（600415.SH） 24H1 业绩符合预期，AI+数据+数币布局新时代 事件：8 月 16 日，公司发布 2024 年半年报，2024H1 实现营业收入 67.66 亿元，同比 +31.10%，实现归属于上市公司股东的净利润 14.48 亿元，同比-27.54%，业绩符合 预期。 营收同比+31.10%，业绩符合市场预期。1）2024H1 实现营业收入 67.66 亿元，同 比+31.10%，主要系市场经营、商品销售及贸易服务均较同期增长，分别增加 4.68 亿 元、10.57 亿元、0.87 亿元，增幅分别为 25.99%、37.24%、30.63%；实现归属于上 市公司股东的净利润 14.48 亿元，同比-27.54%；实现扣除非经常性损益后的净利润 14.19 亿元，同比-22.86%，业绩符合预期。 Chinagoods GMV 同比持续高增，线上线下融合优势凸显。1）2024H1 义乌市场日 均客流量 21.88 万人次；日均外商超 3600 人，同比增长超 80%；入境外商约 25 万人 次，同比 ...

证券研究报告 公司研究 [Table_ReportType] 公司点评报告 [Table_StockAndRank] 小商品城（600415.SH) 投资评级 上次评级 蔡昕妤 商贸零售分析师 | --- | --- | |------------|----------------------| | 执业编号： | S1500523060001 | | 联系电话： | 13921189535 | | 邮 箱： | caixinyu@cindasc.com | 信达证券股份有限公司 CINDA SECURITIES CO.,LTD 北京市西城区宣武门西大街甲127号金隅大厦 B座 邮编：100031 [Table_Title] 小商品城（600415.SH）24H1 点评：主业利润 增长亮眼，义乌市场高景气延续 [Table_ReportDate] 2024 年 8 月 19 日 [Table_S 事件：公司发布 ummary] 2024H1 业绩，实现营收 67.66 亿元，同增 31.10%，归母 净利润14.48亿元，同降27.54%，扣非归母净利润14.19亿元，同降22.86%， 经营活动现金流净额 ...

证 券 研 究 报 告 小商品城（600415）2024 年半年报点评 强推（维持） 主业强劲增长，出海高景气延续 目标价：8.4 元 当前价：7.34 元 事项： 公司发布公告，24 上半年实现营业收入 67.7 亿元，同比增长 31.1%，实现归 母净利润 14.5 亿元，同比减少 27.5%；实现投资收益 1.1 亿元，剔除投资收益 后的归母净利润 13.4 亿元，同比增长 38.9%。单二季度，实现营业收入 40.9 亿元，同比增长 34.4%，实现归母净利润 7.3 亿元，同比减少 5.3%；实现投资 收益 0.66 亿元，剔除投资收益后的归母净利润 6.7 亿元，同比增长 28.8%。 评论： 义乌市场高度景气，产业集群丰富，全球数贸中心建设稳步推进。2024 上半 年，义乌进出口总值 3247.7 亿元，同比增长 20.7%；其中出口 2880.3 亿元， 同比增长 21.3%。报告期内，义乌市场日均客流量 21.88 万人次，日均外商超 3600 人，同比增长超 80%，市场主要客流量指标均超 2019 年同期水平。截止 上半年，全球数贸中心一期工程完成 62%，二期工程市场板块主体结顶，商务 ...