Group 1: Import and Export Data - From January to July 2024, Yiwu's total import and export value reached 379.1 billion RMB, an increase of 18.1% year-on-year [3] - The export value was 335.97 billion RMB, growing by 18.5% year-on-year, while the import value was 43.13 billion RMB, increasing by 15.7% year-on-year [3] - In the first half of 2024, Yiwu's total import and export value was 324.77 billion RMB, with exports at 288.03 billion RMB (21.4% increase) and imports at 36.74 billion RMB (16.6% increase) [4] Group 2: Market Trends and Factors - The slowdown in growth observed in July is attributed to the traditional off-season for market procurement transactions, with expectations for recovery in September [4] - Early procurement of certain goods, influenced by fluctuations in shipping prices, has led to inventory buildup as suppliers anticipate price drops [4] - The market procurement trade method saw a significant export growth of 24.3%, contributing 18.6 percentage points to Yiwu's overall export growth [4] Group 3: Business Development - The new business segment of the company exceeded profit expectations, with the chinagoods platform generating over 720 million RMB in net profit and a GMV exceeding 45 billion RMB in the first half of 2024 [5] - The cross-border RMB payment volume reached 12 billion RMB, with net profit of over 27 million RMB, showing substantial growth compared to the previous year [5][6] - By the end of June 2024, the cross-border RMB transaction volume exceeded 12 billion RMB, reaching 15 billion RMB by July [6] Group 4: Global Trade Center Development - The Global Trade Center, a key project in Yiwu, covers approximately 562 acres with a total construction area of 1 million square meters [6] - The project includes various functional areas such as markets, business offices, commercial streets, and apartments, aiming to create a new digital market [6] - As of mid-2024, the first phase of construction was completed, and the main structure of the second phase is nearing completion [6]

小商品城（600415.SH） 详解小商品城业务脉络，模式独特攻守兼备 优于大市 公司研究·公司快评 商贸零售·一般零售 投资评级：优于大市（维持） 证券分析师： 张峻豪 021-60933168 zhangjh@guosen.com.cn 执证编码：S0980517070001 证券分析师： 柳旭 0755-81981311 liuxu1@guosen.com.cn 执证编码：S0980522120001 事项： 公司立足义乌市场主要从事市场经营业务，旗下国际商贸城为广大外贸商家提供租铺运营等一系列配套服 务，充分分享义乌外贸景气度红利。同时，近年来公司打造线上贸易服务平台 Chinagoods、跨境支付结算 业务及物流仓储等履约服务。自去年以来我们对公司旗下各业务布局做了紧密跟踪解读，而目前来看，公 司各项业务已经逐步形成协同合力，正助力公司实现从传统租铺运营到国际综合数字外贸服务商的转变， 释放长期成长潜力，本文也将对此做进一步详细梳理解读。 请务必阅读正文之后的免责声明及其项下所有内容 证券研究报告 | 2024年08月27日 国信零售观点：首先，公司所依托的义乌外贸市场延续高景气度，2024 年以来 ...

[Table_MainInfo] 公司研究/商业贸易/专营零售 证券研究报告 小商品城（600415）公司半年报点评 2024 年 08 月 27 日 [Table_InvestInfo] 投资评级 优于大市 维持 股票数据 | --- | --- | |---------------------------------------------|----------------| | 08[Table_StockInfo 月 26日收盘价（元）] | 8.09 | | 52 周股价波动（元） | 6.78-10.09 | | 总股本/流通 A 股（百万股） | 5484/5470 | | 总市值/流通市值（百万元） | 44368/44248 | | 相关研究 | | | [Table_ReportInfo] 《1Q24 主业净利大增 102% | ，分红率提升》 | | 2024.04.21 | | | 《如何看小商品城的业务结构和市值空间》 | | | 2024.03.18 | | | 《小商品城深度报告：从蛰伏到蝶变，综合贸 | | | 易服务商转型步入收获期》 | 2024.03.04 | | 市场表 ...

浙江中国小商品城集团股份有限公司 2024 年第二次临时股东大会会议资料 浙江中国小商品城集团股份有限公司 2024年第二次临时股东大会 会议资料 二〇二四年九月二日 浙江中国小商品城集团股份有限公司 2024 年第二次临时股东大会会议资料 目 录 三、 2024年第二次临时股东大会会议议案 一、 2024年第二次临时股东大会会议须知 二、 2024年第二次临时股东大会会议议程 议案1：关于变更会计师事务所的议案 议案2：关于补选公司董事的议案 浙江中国小商品城集团股份有限公司 2024 年第二次临时股东大会会议资料 浙江中国小商品城集团股份有限公司 2024年第二次临时股东大会会议须知 为维护股东的合法权益，保障股东在公司2024年第二次临时股东大会期间依 法行使权利，保证股东大会的正常秩序和议事效率，依据《中华人民共和国公司 法》（以下简称"《公司法》"）、《公司章程》和公司《股东大会议事规则》的有关 规定，制定如下规定： 一、参加大会的股东请按规定出示股东账户卡、身份证或法人单位证明以及 授权委托书等证件，在会议现场接待处办理登记，领取股东大会资料，证明文件 不齐或手续不全的，谢绝参会。 二、公司设立股 ...

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.