Core Viewpoint - The article highlights the significant growth and international expansion of Xiaogoods City, emphasizing its strategic focus on the Middle Eastern market and the impressive financial performance in recent years [4][5]. Financial Performance - In 2023, Xiaogoods City achieved a revenue of 11.3 billion yuan, representing a year-on-year increase of 48.3%, and a net profit attributable to shareholders of 2.676 billion yuan, up 142.25% [4]. - For 2024, the company projects a revenue of 15.737 billion yuan, a growth of 39.27%, and a net profit of 3.074 billion yuan, reflecting a 14.85% increase [4]. - The weighted average return on equity reached 16.10%, marking a historical high for core financial metrics [4]. International Expansion - The expansion into the Middle Eastern market is a key factor driving Xiaogoods City's growth [5]. - The company opened the Dubai Yiwu China Small Commodities City in June 2022, covering an area of 210,000 square meters and featuring over 1,500 stores [6]. - In 2023, Xiaogoods City implemented a brand overseas strategy, establishing new trade centers in cities like Cairo and Jeddah, and launching the Chinagoods Saudi Arabia platform [6]. - The company has also initiated real-time settlement services for transactions between the UAE Dirham and Chinese Yuan, enhancing its operational capabilities in the region [6]. Market Trends - In 2024, Yiwu's exports to Saudi Arabia reached 16.46 billion yuan, showing a year-on-year growth of 16.5% [8]. - Xiaogoods City plans to continue its global expansion, with a focus on emerging markets, aiming to launch over 25 overseas projects in 2025 [9].