时隔10年 小商品城重回千亿俱乐部

Core Viewpoint - Despite escalating global geopolitical tensions and trade frictions, the Chinese economy demonstrates strong resilience, with Xiaogoods City (600415) gaining increasing investor attention as it leads the charge in expanding China's small commodity market overseas [1] Group 1: Company Performance - On June 3, Xiaogoods City’s stock price reached a high of 18.48 CNY per share, closing at 18.36 CNY, resulting in a market capitalization of 100.68 billion CNY, marking its return to the billion-dollar club after 10 years [1] - The last time Xiaogoods City had a market cap exceeding 100 billion CNY was in June 2015, during a bull market [1] Group 2: Market Dynamics - Yiwu, where Xiaogoods City is located, is the world's largest small commodity center, supporting over 20 industrial clusters and 2.1 million small and micro enterprises, attracting over 20,000 foreign merchants and nearly 9,000 foreign-funded entities [2] - In 2024, Yiwu International Trade City is expected to see an average daily foot traffic of 224,300 people, a 12.15% increase year-on-year, with foreign visitor numbers rising by 17.22% [2] Group 3: Trade Statistics - Yiwu achieved a total import and export value of 668.93 billion CNY in 2024, a year-on-year increase of 18.2%, with exports at 588.96 billion CNY (up 17.7%) and imports at 79.97 billion CNY (up 22.2%) [3] Group 4: Strategic Initiatives - Xiaogoods City has implemented various transformation and upgrade measures, positioning itself as a globally recognized international trade service provider, enhancing its ecosystem in digital trade, logistics, and cross-border payment [4] - The Chinagoods platform has launched several AI digital applications since October 2023, achieving over 1 billion cumulative usage and access, with active user order growth exceeding 20% [4] - Yiwu Pay has seen a 233% year-on-year increase in cross-border payment volume, reaching over 4 billion USD in 2024, with a global service network covering over 160 countries [4] Group 5: International Expansion - Xiaogoods City actively supports the Belt and Road Initiative, with 46 overseas projects in 20 countries, serving nearly 5,000 merchants [5] - The company has established a 1 billion CNY outbound industry fund in collaboration with national entities, aimed at facilitating foreign trade [5]