JIAXIN SILK(SZ:002404)2022-12-08 08:44Group 1: Market Overview - The cocoon silk market was established in 1993 and is the most influential market in the industry [1] - The market serves as China's trading, pricing, information, and logistics center for cocoon silk [2] - The "Jiaxing Index" formed through various trading methods on the market's internet platform is a barometer for international silk prices [2] Group 2: Future Development Directions - The market plans to diversify trading varieties, including silk cotton sheets and fabrics, to enhance trading scale [2] - Progress has been made in upgrading the trading system and establishing new product standards [2] - The market aims to leverage its qualifications as a bulk commodity settlement company to provide settlement services for other textile industry commodities [2] Group 3: Financing Services - The market possesses strong pricing and evaluation capabilities for cocoon silk products, which helps mitigate pledge risks [3] - It has a well-established logistics and warehousing system that reduces pledge risks [3] - The market's experience in bulk commodity settlement and mature internet technology supports a closed-loop service for trading, settlement, and delivery [3] Group 4: Market Statistics - Currently, there are about 200 member units and approximately 130 on-site enterprises in the cocoon silk market, primarily from Jiangsu, Zhejiang, Shanghai, Guangdong, and Shandong [4] - The transaction volume on the Jin Can Network last year was around 8 billion yuan [4] - The national production of dry cocoons is approximately 240,000 tons, with raw silk production around 90,000 tons, and the total output value is about 60 billion yuan [4] - The demand for silk has remained stable, indicating significant potential in the domestic market [4]