Core Insights - The company reported 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] - In Q4 2024, the company achieved a revenue of 5.124 billion yuan, a significant year-on-year growth of 50.97%, and a net profit of 745 million yuan, which is an impressive increase of 106.94% year-on-year [1] Group 1: Business Performance - The company's market operations revenue reached 4.578 billion yuan in 2024, reflecting a year-on-year increase of 48.92%, with daily foot traffic at Yiwu International Trade City averaging 224,300 visitors, up 12.15% year-on-year [2] - The new business segment generated a revenue of 739 million yuan in 2024, marking a year-on-year growth of 22.64%, with the CG platform contributing 341 million yuan in revenue, a 102% increase [2] Group 2: Financial Metrics - The company's gross margin and net margin for 2024 were 31.39% and 19.56%, respectively, with gross margin increasing by 4.89 percentage points year-on-year, while net margin decreased by 4.17 percentage points [3] - Investment income fell to 263 million yuan, a decline of 75.37% year-on-year, primarily due to a high base effect from the previous year [3] Group 3: Future Outlook - The company anticipates continued growth driven by revitalizing the old market and new business initiatives, with expectations for net profit attributable to shareholders to reach 3.696 billion yuan, 4.874 billion yuan, and 5.339 billion yuan from 2025 to 2027 [3]
小商品城(600415):老市场涨租持续 国际数贸城贡献新增量