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小商品城(600415)24Q3点评:YIWUPAY交易额高增 整体数据亮点纷呈

Small Commodity City (600415) 24Q3 review: YIWUPAY transaction volume increased, and there are many highlights in the overall data

Net profit to the mother has increased dramatically, and many data are impressive.

The company released its report for the third quarter of 2024. During the reporting period, the company's revenue was 3.85 billion yuan/yoy +40.2%; net profit attributable to shareholders of listed companies was 0.88 billion yuan/yoy +176.7%. The strong performance was due to the continuous expansion of the company's product sales scale and the increase in market operating profits.

Looking back at the beginning of the year to the end of the reporting period, the company's overall performance was good.

The cumulative operating income reached 10.61 billion yuan/yoy +34.3%, and the net profit attributable to shareholders of listed companies was 2.33 billion yuan/yoy +0.5%. The current environment is still stable. The company's basic earnings per share and diluted earnings per share reached 0.16 yuan/yoy +166.7%, indicating a significant increase in the company's profitability.

The main business profit increased significantly, and Yiwu Pay transaction volume increased 770% year over year.

The main business profit for the third quarter of 2024 was about 0.994 billion yuan, and the main business profit for the third quarter of 2023 was about 0.477 billion yuan/yoy +108%. During the reporting period, the Chinagoods platform's GMV exceeded 60.8 billion yuan/yoy +16%; “Yiwu Pay” added a new cross-border payment transaction volume of more than 20 billion yuan/yoy +770% from January to September 2024.

Risk warning:

1. Global trade policies have changed, and foreign trade export sentiment is not high;

2. The development of the company's online business fell short of expectations.

The translation is provided by third-party software.


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