YIWU CCC(SH:600415)2024-08-30 08:15Group 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]