In the first half of the year, the net income and non-recurring net income decreased by 27.54% and 22.86% year-on-year respectively; the investment income and asset disposal income decreased by 1.051 billion yuan year-on-year; and the market operations, commodity sales and trade service income increased by 0.468 billion, 1.057 billion and 0.087 billion yuan respectively.
Yiwu Commodity City, which was hot with the summer Olympics, is cold in the first half of the year.
Tonight, Yiwu Commodity City (600415.SH) announced that the company's revenue in the first half of 2024 reached 6.766 billion yuan, a year-on-year increase of 31.1%; net income attributable to shareholders of listed companies was 1.448 billion yuan, a year-on-year decrease of 27.54%; non-recurring net income decreased by 22.86% year-on-year.
The company stated that the revenue increased mainly due to the market operations, commodity sales and trade service income, which increased by 0.468 billion, 1.057 billion and 0.087 billion yuan respectively, with growth rates of 25.99%, 37.24% and 30.63%. The net profit decreased by 0.55 billion yuan compared with the same period of the previous year, and the reason for the decrease was that the investment income and asset disposal income decreased by 1.051 billion yuan, while the net profit of market operations and trade services increased by 0.501 billion yuan at the same time.
According to the consolidated profit statement, Yiwu Commodity City's investment income in the first half of this year was 0.108 billion yuan, of which the investment income from joint ventures and associates was 98.3488 million yuan; the investment income in the same period of last year was 1.034 billion yuan, of which the investment income from joint ventures and associates was 1.018 billion yuan. The asset disposal income also changed significantly in the same period, with 0.166 billion yuan in the same period of last year and 84.36 yuan in the first half of this year.
Yiwu Commodity City mentioned several major changes in the domestic and international trade environment in the first half of the year: first, the "Olympic economy" brought a significant increase in orders for sporting goods in the International Trade City, with orders to Europe accounting for more than 30%; second, under the effect of the "summer economy", sales of sunscreen clothing, face masks and other products increased by more than 50% month-on-month and more than 30% year-on-year since the second quarter; third, the demand for Christmas items increased in the first half of the year as the peak season for Christmas purchases kicked off early; fourth, the "looks economy" continued to heat up, with orders for nail art increasing by more than 30% year-on-year.
Data shows that in the first half of this year, the daily average flow of customers in Yiwu market was 0.2188 million, and the daily average number of foreign customers exceeded 3600, an increase of more than 80% year-on-year. The number of foreign visitors increased significantly, and major customer flow indicators exceeded the level of the same period in 2019.
The progress of the global trade center, which has been of concern to the market, in the first half of the year was as follows: the first phase of the project completed 62% of the total project volume, and the main structure of the market sector of the second phase of the project was completed. The main structure of the commercial office building sector on the ground was completed by about 68%, and the construction of the super high-rise building began.
In addition, during the reporting period, chinagoods' GMV reached 45 billion yuan, a year-on-year increase of 40.6%; the chinagoods platform added more than 0.4 million registered buyers, with a cumulative total of more than 4.45 million buyers.