Commodity City (600415): Optimizing the rent mechanism to improve long-term returns
Incident description The company disclosed the 2023 annual report and 2024 quarterly report: 2023 revenue was 11.30 billion yuan, up 48% year on year, and net profit to mother was 2.68 billion yuan, up 142% year on year. 2024Q1,
Commodity City (600415): Platformization leads the innovation and transformation of data elements into a comprehensive trade service provider
Key investment points are different from the market: the market believes that the company's attributes are biased towards commercial real estate, the growth of the main business is weak, and Chinagoods, the payment business, etc. are in the early stages, and the profit contribution is low. We, on the other hand, believe that the company benefits from the Belt and Road, 1039
Express News | Commodity Mall: Big Data, a wholly-owned subsidiary, plans to transfer 100% of Xing Chen Enterprise Management's shares to Mall Holdings
Commentary on the 2023 Annual Report and 2024 Quarterly Report of Commodity City (600415): The main business continues to grow, and the second online curve is gradually improving
Event Description Event: The company publishes the 2023 Annual Report and the 2024 First Quarter Report. The company achieved total revenue of 11.3 billion yuan in 2023, up 48.3% year on year; gross profit margin was 26.5%, up 11.2 year on year
Minmetals Securities released a research report on April 22 stating that it gave the Small Commodity City (600415.SH) a holding rating. The main reasons for the rating include: 1) the opening of the East New Energy Product Market in District 2, and the in
Minmetals Securities released a research report on April 22 stating that it gave the Small Commodity City (600415.SH) a holding rating. The main reasons for the rating include: 1) the opening of the East New Energy Product Market in District 2, and the increase in rental income from the market operation business; 2) the second online curve Chinagoods and YiWuPay continued to monetize; 3) Further increase in gross margin and optimization of the cost ratio during the period. (Mainichi Keizai Shimbun)
Commodity Market (600415): Strong rent increases supported, basic market profits soared in 24Q1
Incident: Commodity City released the 2023 Annual Report and 2024 Quarterly Report announcements. Review: A brief review of performance. In 2023, the company achieved total revenue of 11.3 billion yuan, an increase of 48.3% over the previous year; achieved net profit of 2,676 billion yuan to mother
Commodity City (600415): Proposed divestment from the controlling shareholder Sun Company to optimize the asset quality of listed companies highlights the determination of state-owned enterprises to reform
Incident: Commodity City issued the “Notice Concerning Proposed Transfer of Shares and Related Transactions by Wholly-owned Subsidiaries”. It is proposed to transfer 100% of the shares in “Xing Chen Enterprise Management” of its holding Sun Company to the controlling shareholder Mall Holdings. The transaction consideration is 0 yuan. Xing Chen Enterprise Management Flag
Commodity City (600415): The net profit of the main business increased by 102% in 1Q24, and the dividend rate increased
The company released its 2023 annual report and 2024 quarterly report on April 17. In 2023, the company achieved revenue of 11.3 billion yuan, an increase of 48.30%; net profit to mother was 2,676 billion yuan, an increase of 142 billion yuan over the previous year
Commodity City (600415): High profit growth in the main business in 24Q1, rent increases & expansion continue to drive the growth of the main business
The company released the 2023 annual report and the 2024 quarterly report. The company's 2023 revenue was 11.30 billion/ +48.3%, net profit attributable to mother was 2.68 billion/+142.3%; net profit not attributable to mother was 2.47 billion /+
Small Commodity City (600415): Verification of market-based pricing and monetization capacity with high growth in the main business
Matters: The company released its 2023 annual report and 2024 quarterly report. 23 It achieved revenue of 11.3 billion yuan, yoy +48%, and realized net profit of 2.68 billion yuan to mother, yoy +142%; 24Q1 actual
Commodity City (600415): Strong profit growth in the main business in 24Q1, improving the foreign trade service ecosystem
Core idea: Incident: Commodity City released the 2023 Annual Report and 2014 Quarterly Report announcements. (1) In 2023, the company achieved revenue of 11.30 billion yuan, an increase of 48.3% over the previous year; achieved net profit of 2.68 billion yuan to mother
Minsheng Securities released a research report on April 17 stating that it gave a recommended rating to Commodity City (600415.SH). The main reasons for the rating include: 1) market operations continue to grow and the trade service ecosystem is gradually
Minsheng Securities released a research report on April 17 stating that it gave a recommended rating to Commodity City (600415.SH). The main reasons for the rating include: 1) market operations continue to grow and the trade service ecosystem is gradually improving due to the opening of new markets and rent increases; 2) profitability has increased significantly and cost rates have remained stable; 3) AI technology investment continues to advance, and data assets are being monetized at an accelerated pace. (Mainichi Keizai Shimbun)
Dongwu Securities released a research report on April 17 stating that it gave Commodity City (600415.SH) a buying rating. The main reasons for the rating include: 1) Q1 net profit from the main business or an increase of more than 100%; 2) the market rent
Dongwu Securities released a research report on April 17 stating that it gave Commodity City (600415.SH) a buying rating. The main reasons for the rating include: 1) Q1 net profit from the main business or an increase of more than 100%; 2) the market rent increase is expected to help the company achieve long-term continuous growth; 3) Yiwu's export boom is high, laying a good foundation for the company's further growth; 4) the rapid development of new businesses and progress in data resource entry; and 5) the release of an action plan to “improve quality, increase efficiency and focus on return”. (Mainichi Keizai Shimbun)
Commodity City (600415) 2023 Report and 2024 Quarterly Report Review: Q1 Main Business Profits High, New Business+Rent Increase to Help Further Growth
Key investment performance reviews: In 2023, the company's revenue was 11.30 billion yuan, +48% year over year; net profit to mother was 2,676 billion yuan, +142% year over year; after deducting non-net profit of 2.47 billion yuan, +40% year over year, all profits
Commodity City (600415): The volume and price of the main business have risen sharply, and the future will take thousands of miles
Introduction to this report: The business sector continues to be optimized, profitability improved significantly, and dividends were better than expected; 2024Q1 showed strong growth after deducting investment income and asset disposal by 96%. Key points of investment: Maintaining an increase in holdings. 2023
Zhejiang China Commodities City to Issue Bonds Worth Up to 7 Billion Yuan
Zhejiang China Commodities City Group (SHA:600415) plans to issue bonds of up to 7 billion yuan, the company said in its filing on the Shanghai Stock Exchange. The bonds will be in various forms, incl
Commodity City (600415): Store price increases & expansion are expected to drive steady growth in the main business and achieve multiple monetization in a prosperous trade ecosystem
Event: Commodity City released its 2023 annual report and 2024Q1 financial report. The company's 2023 revenue was 11.3 billion yuan/ +48.3%, and net profit to mother was 2,676 billion yuan/ +142.3%. 24Q1 Revenue
Commodity City (600415): Core businesses performed well in the first quarter, and emerging businesses continued to contribute to growth
Net profit to the mother increased by more than 140% in 2023, and the main business continued to perform well in the first quarter of 2024. The company's revenue in 2023 was 11.3 billion yuan, a year-on-year increase of 48.3%, and net profit to mother was 2,676 billion yuan.
Express News | Fourteen listed companies disclosed their 2024 quarterly reports, with three squirrels leading the way in revenue of 3.646 billion yuan
Express News | The Social Security Fund appeared as the top ten tradable shareholders with a total of 293 individual shares in the fourth quarter
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