YIWU CCC(600415) 新浪财经·2025-03-28 00:25Core Insights - The company achieved a revenue of 15.737 billion yuan in 2024, representing a year-on-year increase of 39.27%, with a net profit attributable to shareholders of 3.074 billion yuan, up 14.85% year-on-year [1] - The market operations and supporting services performed exceptionally well, with strong growth in merchandise sales [1] Financial Performance - In Q4 2024, the company reported revenue of 5.124 billion yuan, a year-on-year increase of 50.98%, and a net profit of 0.745 billion yuan, up 107.17% year-on-year [1] - The company's operating income from market operations was 4.58 billion yuan (+48.9%), with a gross margin of 84.3% (+12.4 percentage points) [1] - Trade services generated 0.739 billion yuan (+22.6%) with a gross margin of 84.6% (+14.8 percentage points) [1] - Merchandise sales reached 9.26 billion yuan (+36.3%) with a gross margin of 0.69% (+0.19 percentage points) [1] Market Activity - The average daily foot traffic in the offline market trade city was 224,300 people (+12.15%), with an average daily vehicle flow of 99,000 cars (+5.48%) [1] - The average daily foreign visitor count exceeded 3,900 (+17.22%), with major traffic indicators reaching a 10-year high [1] Future Developments - The small commodity city is scheduled to open in October 2025, with office buildings 3-7 expected to sell out upon opening in November 2024 [1] - The digital brain project is set to commence operations in April 2026, and the apartment sector is expected to be delivered in Q1 2026 [1] - The commercial street area is planned for completion in early 2026 [1] Business Expansion - The CG platform generated revenue of 0.341 billion yuan, with an operating net profit of 0.165 billion yuan (+102%) [2] - The "Digital Boss Lady" image has been established as a well-known IP, recognized by CCTV as a representative case of new economic transformation [2] - Cross-border payment totals exceeded 4 billion USD (+233%), with a net profit of 0.061 billion yuan (+275%) [2] - The company has built a global service network covering over 160 countries and regions, serving 23,000 foreign trade enterprises [2] Future Projections - The company is expected to achieve revenues of 19.061 billion yuan, 23.912 billion yuan, and 28.160 billion yuan from 2025 to 2027, with year-on-year growth rates of 21.12%, 25.45%, and 17.77% respectively [3] - Projected net profits attributable to shareholders are 3.602 billion yuan, 5.310 billion yuan, and 6.007 billion yuan for the same period, with growth rates of 17.19%, 47.43%, and 13.11% respectively [3] - The company is anticipated to experience a "Davis Double" due to the upcoming launch of the six-zone trade center and unaccounted valuation for import-export business [3]