Summary to 2024 Annual Report of Zhejiang China Commodities City Group Co., Ltd.Stock code: 600415 Stock short name: 小商品城
Summary to 2024 Annual Report ofZhejiang China Commodities City Group
Co., Ltd.
Section I Important StatementsI. This summary is excerpted from the full annual report. For a comprehensive
understanding of the Company’s operating performance, financial health, andstrategic growth initiatives, investors are encouraged to visit www.sse.com.cn andreview the complete report in detail.
II. The Board of Directors, the Board of Supervisors and the directors, supervisors and
senior management of the Company hereby warrant the truthfulness, accuracy andcompleteness of the contents of the Annual Report, guarantee that there are no falserepresentations, misleading statements or material omissions contained in thisAnnual Report, and are jointly and severally responsible for the liabilities of theCompany.
III. All directors of the Company were present at the board meeting.
IV. Pan-China Certified Public Accountants LLP has issued an auditor's report with anunqualified opinion for the Company.
V. The profit distribution plan for the reporting period or the plan for public reserve fundsinto share capital that was approved by the board of directorsBased on the total share capital on the equity registration date for the 2024 profit distribution,a cash dividend of RMB 3.30 (including tax) will be distributed for every 10 shares. Based on thetotal share capital of the Company at the end of 2024, a total of RMB 1,809,603,155.58 (includingtax) in cash dividends will be distributed. If there is a change in the total share capital of theCompany before the equity registration date for equity distribution, it is proposed to maintain theper share distribution plan unchanged and adjust the total distribution amount accordingly.
Section II Company ProfileI. Company profile
| Stock profile | ||||
| Type of stock | Exchange | Stock short name | Stock code | Stock short name before change |
| A share | Shanghai Stock Exchange | 小商品城 | 600415 | None |
| Contact information | Board Secretary | Securities Affairs Representative |
| Name | XU Hang | HE Zhichao |
| Address | YIWU CCC Group Building, No. 567 Yinhai Road, Yiwu City | YIWU CCC Group Building, No. 567 Yinhai Road, Yiwu City |
| Telephone | 0579-85182812 | 0579-85182812 |
| Fax | 0579-85197755 | 0579-85197755 |
| Hxu@cccgroup.com.cn | hezhichao@chinagoods.com |
II. Introduction to the main business of the Company in the reporting periodAccording to the definitions in the Guidelines for Industry Classification of Listed Companies(revised in 2012) released by the CSRC, the Company is engaged in “Business Service” (L72)in “Lease and Business Service” (L).
As a globally renowned small commodity trading center, Yiwu International Trade City hasmaintained a leading position in the comprehensive market in China for many years due to itshuge market transaction volume and wide variety of goods. The Yiwu market has not only formeda strong industrial cluster support in the field of small commodity circulation, but also driven thedevelopment of 2.1 million small and medium-sized enterprises and employment of 32 millionindustrial workers through its influence in 233 countries and regions worldwide.The significant characteristics of the Yiwu market can be summarized from the followingaspects:
1. Active market entities: The Yiwu market is an important practical platform for the conceptof "mass entrepreneurship and innovation". It not only drives the development of more than 20industrial clusters and 2.1 million small and medium-sized enterprises across China, but alsoattracts over 20,000 resident foreign merchants and nearly 9,000 foreign-owned entities. Thesenumbers make Yiwu an important gathering place for global merchants, known as the "WorldSupermarket". There are over 200,000 market practitioners, 75,000 operating shops, and a totalof over 1.15 million market entities.
2. A wide range of goods: As the world's largest small commodity distribution center, Yiwumarket gathers 26 major categories and 2.1 million types of products, forming an "ocean of smallcommodities and paradise for shoppers ". More than ten thousand new products are launchedevery day, and the quality, brand and standard of small commodities are exported to the world,becoming the representative of "China-chic trend" and "supply place for bestselling goods".
3. Innovative business scenarios: The Yiwu market is an important birthplace of innovationin trade business scenarios. The pioneering market procurement trade method (with a customssupervision method code of "1039") has driven a 7-fold growth in Yiwu's foreign trade exports inthe past decade and has been promoted to 39 pilot units in China. New business forms such asimport transshipment, internet celebrity live streaming, and cross-border e-commerce areconstantly emerging, forming an e-commerce ecosystem for the full industry chain. Theintegration and development of the real economy and digital economy have enabled Yiwu tocontinue to lead the new trend of global trade.
4. High-quality trade ecology: Yiwu market is the preferred place for merchants andenterprises to trade small commodities. Since the pilot program of comprehensive reform ininternational trade, Yiwu has formed multiple national-level open platforms, including the FreeTrade Zone, Comprehensive Bonded Area, Cross-border E-commerce Comprehensive PilotArea, and Import Trade Promotion Innovation Demonstration Area. In December 2024, Yiwu wasapproved for a new round of pilot reforms in international trade. The logistics network hascovered over 1,500 counties and cities across China and over 700 hub cities worldwide.Government, business, and life services are in line with international standards, providingcomprehensive "customs, taxation, currency exchange, transportation, warehousing andfinancing" services, with continuously optimized the business environment.
The Yiwu market, as a key platform connecting domestic and international trade supplychains, occupies a core position in the global small commodity supply chain and plays a crucialrole in promoting internal circulation, enhancing external circulation, and serving the newdevelopment pattern of "dual circulation". As a leader and demonstration site of national marketprocurement trade method, Yiwu has maintained high-speed growth for 10 consecutive years,
Summary to 2024 Annual Report of Zhejiang China Commodities City Group Co., Ltd.effectively stimulating the vitality of market entities and further improving the level of tradefacilitation.In 2024, Yiwu recorded a total import-export volume of RMB668.93 billion, surging 18.2%year-on-year (YoY). This comprised exports of RMB588.96 billion, up 17.7% YoY, and importsof RMB79.97 billion, up 22.2% YoY. These figures represented 12.7%, 15.1%, and 5.9% of theprovincial totals for overall trade, exports, and imports respectively. Notably, Yiwu contributed
26.1% to Zhejiang Province’s export growth, ranking No.1 among all regions. Yiwu continuouslygathers new momentum in foreign trade by exploring emerging markets, building high-level openplatforms, and cultivating and strengthening advantageous industries. In 2024, Yiwu’s trade withAfrica, Latin America, and ASEAN reached RMB122.09 billion, RMB111.67 billion, andRMB64.05 billion respectively, posting YoY growth rates of 16.4%, 24.4%, and 26.2%. Over thesame period, total trade with Belt and Road Initiative (BRI) countries amounted to RMB413.34billion up 18.2% YoY, accounting for 61.8% of Yiwu’s overall import-export value. The marketprocurement trade model delivered remarkable results in 2024, with exports reachingRMB471.76 billion, up 21.5% YoY, representing 80.1% of Yiwu’s total exports. Yiwu istransitioning from a national hub for daily consumer goods trade to a regional comprehensivetrade hub serving member states of the Regional Comprehensive Economic Partnership (RCEP).The Company integrates market resources through digital means, connects various links inthe supply chain, improves the efficiency of commodity circulation, and promotes the iterativeupgrade of market procurement trade method to Version 2.0. Market procurement trade methodhas become the main force driving the growth of Yiwu's exports. Southeast Asia, the Middle East,and Latin America continued to dominate Yiwu’s trade partnerships, while Africa and ASEANemerged as fast-growing markets. Countries in the Belt and Road Initiative (BRI) and RCEPregions remain key drivers of new opportunities for Yiwu. “AI Globalization”, “RMBInternationalization” and "Brands Expansion Overseas" have become new highlights of the Yiwumarket.In 2024, Yiwu attracted 53,000 college graduates and added 75,000 skilled workers, bothNo.1 in Zhejiang Province. The city also recorded 569,000 inbound foreign business visits, up55% YoY, a historic high. The express delivery volume reached 12.6 billion pieces, ranking
Summary to 2024 Annual Report of Zhejiang China Commodities City Group Co., Ltd.second in China. During the year, Yiwu opened new air-to-air customs transit routes: Yiwu-Chengdu-Los Angeles and Yiwu-Manila. It was approved as a 10-day transit visa-free port (240hours), while its airport achieved 3 million annual passengers for the first time, with air cargovolume up 49% and international cargo up 141.2%.By the end of 2024, Yiwu had over 1.15 million registered market entities, ranking firstamong China’s county-level cities. In terms of sectoral distribution, the majority of market entitiesin Yiwu are engaged in the wholesale and retail trade sector, which constitutes 74.55% of thetotal. The Yiwu International Trade City, with over 2.1 million SKU of products, covers nearlyevery aspect of daily life, providing a robust supply foundation for the development of wholesaleand retail sectors. By leveraging its market advantages, diverse product range, industrialheritage, policy-driven business environment, logistics connectivity, e-commerce and digitalinnovation, and globalization strategies, Yiwu’s wholesale and retail industries maintain stronggrowth momentum.
Regarding the entity type, 72.04% of businesses are individual-owned, reflecting Yiwu’svibrant grassroots entrepreneurial spirit.
(Classification of businesses in Yiwu in 2024)
Classification of BusinessesOther2%
Other2%Limited liability natural persons
（natural person sole proprietorship）
| 15% |
Limited liability companies
（invested or held by natural persons）
| 11% |
Individual-owned
businesses
| 72% |
(1) Main business of the Company
The Company is committed to building a shared trade service platform for small andmedium-sized enterprises in China, with a strategic positioning of a "Globally RenownedIntegrated Service Provider for International Trade", continuously enriching and improving thethree major ecosystems: commodity display and trading ecosystem, supporting servicesecosystem, and trade services ecosystem, in order to reduce trade costs, shorten trade chains,improve trade efficiency, continuously create value for the circulation of small commodities,strengthen and consolidate the advantageous position of China's daily consumer goods supplychain in global trade, and serve the new development pattern of domestic-international dualcirculation.The commodity display and trading ecosystem includes on-site market operation and self-operated trade product sales, supporting service ecosystem includes exhibition and hotel sectors,and trade service ecosystem includes Chinagoods online service platform, warehousing logisticsand payment, credit reporting, factoring and other businesses.
(2) The main business model of the Company
1. Commodity display and trading ecosystem
(1) Market operation
The market operation business is mainly operated and managed by the subordinate marketoperation companies of the Company. The main business income of the market operationsegment is mainly the income from the use of shops. The Company adopts a shop rental model,that is, the ownership of the shops belongs to the Company, and market traders only have theright to use the shop within the contract period. The Company and market traders sign a contractto clearly stipulate the use period, usage fee and business purpose of the shops. The merchantshall not change the agreed business purpose, and shall not sublet without the Company’sconsent. The payment for the usage fee shall be made annually or biennially as stipulated in thecontract. The Company currently operates a diverse range of markets, which encompass theFirst to Fifth District Markets, the First District East Expansion Market, the Second District EastMarket within the International Trade City, in addition to the Huangyuan Market and theInternational Production Goods Market.
(2) Self-operated trade
ICMALL is the initials of international commodity mall, which is a subsidiary of the well-known Chinese trademark "Yiwu China Small Commodities City". "爱喜猫" is the Chinesetransliteration of ICMALL. With the brand vision of "discovering the best products in the world",ICMALL combines over 20,000 high-quality products from imported goods and trendy domesticproducts, covering six categories: home life, beauty and skincare, mother and baby products,snacks and beverages, entertainment and cultural creativity, and toy digital. ICMALL strives tocreate a super supply chain channel brand in new fashion, new consumption, and newexperience application scenarios.The Company enters the upstream and downstream of market trade through self-operatedtrade, fully leveraging its platform and brand advantages, linking trade with the market andnurturing the market, and forming a virtuous and orderly cycle.
2. Supporting services ecosystem
(1) Exhibition
The Company's exhibition business has developed into a professional exhibition enterprisewith one-stop service that integrates domestic exhibition organization, overseas exhibition,exhibition hall management, and exhibition supporting services. The exhibition business mainlyundertakes self-operated exhibition projects both in China (China Yiwu International SmallCommodity (Standard) Expo (UFI), China Yiwu Import Goods Expo (UFI), China YiwuInternational Forest Products Expo (UFI), etc.) and overseas (Korean Import Goods Exhibition,China Consumer Goods (Russia) Brand Exhibition, Benin (West Africa) China CommodityExhibition, etc.), and also engages in exhibition hall operation, development, leasing and otherexhibition industry chain services. It also undertakes the operation and management of the YiwuInternational Expo Center.
(2) Hotel
The hotel service business is mainly operated and managed by the Company's subsidiaryZhejiang Yandoo Hotel Management Company. There are currently 7 star-rated hotels, 1 high-end homestay, and two catering brands, Fingertip Canteen and Yandoo Cafe. The Company'shotels mainly provide comprehensive services such as accommodation, catering, leisure and
Summary to 2024 Annual Report of Zhejiang China Commodities City Group Co., Ltd.entertainment, and conferences. The hotel's main revenue includes room sales, catering sales,commodity sales, and venue leasing. Sales of guest rooms and catering mainly rely on channelssuch as clients agreement, conferences, wedding banquets and recommendation by operatorsof online booking platforms.
3. Trade services ecosystem
(1) Online service platform
The Chinagoods platform of the Company is a B2B digital trade comprehensive serviceplatform that relies on the Company's 75,000 physical shops in the market, serving 2.1 millionsmall and medium-sized enterprises in the upstream and downstream of the industrial chain. Itis driven by trade data integration and connects with the needs of both supply and demand sides.The current revenue model of the platform is to collect service fees by providing basic servicesand value-added services for members, digital advertising business services, digital services forfinancial institutions, and fourth-party services.
(2) Warehousing and logistics
The Company's warehousing sector is led by warehousing, strengthening the servicecapacity of Yiwu freight warehouses, regional warehouses, and overseas warehouses, anddeeply entering various links of the trade chain. The Company currently has four parks:
Chinagoods Shared Cloud Warehouse, International Digital Logistics Market, Huanqiu YidaSupply Chain Industrial Park, and Cross-Border E-Commerce Logistics Park. ChinagoodsShared Cloud Warehouse is market-oriented and uses digital means to form a fully visiblewarehouse system. It combines public warehouses, express package distribution, andinternational consolidation to provide convenient warehousing services for market operators,domestic and foreign buyers, logistics and express delivery companies, as well as freightforwarders and foreign trade companies. International Digital Logistics Market and Huanqiu YidaSupply Chain Industrial Park are based on warehousing systems, providing efficient, convenient,and three-dimensional warehousing service systems for market operators.
(3) Payment, credit reporting, factoring and other businesses
The Company's "Yiwu Pay" is a licensed third-party payment institution supervised by thePeople's Bank of China, providing convenient and secure electronic payment solutions for
Summary to 2024 Annual Report of Zhejiang China Commodities City Group Co., Ltd.merchants through internet payment technology. Yiwu Pay was established in 2012. With itsprofessional global payment service capabilities, financial compliance capabilities, and securityrisk control capabilities, Yiwu Pay provides a one-stop cross-border payment solution fordomestic and foreign customers, enabling them to receive payments in compliance, settleforeign exchange easily, improve fund utilization efficiency, and ensure safe receipt of funds.The Company’s business covers various scenarios such as online and on-site B2B payments,cross-border payments, etc. Domestic payment business: As a licensed payment institution,Yiwu Pay links major domestic banking institutions through clearing organizations such asUnionPay and NetsUnion Clearing Corporation, providing merchants with collection servicessuch as bank card fast payment, QR code scanning payment, wallet payment, and e-CNYpayment, and obtains payment fee. Cross-border payment business: Yiwu Pay provides one-stop cross-border fund services such as global collection and payment, foreign exchangemanagement, etc. for import and export enterprises, and obtains cross-border payment fee.Payment service business: Yiwu Pay collaborates with CCC Credit, banks and other institutionsto provide merchants with a financing credit model based on payment data as the underlyinglayer, and CCC Credit uniformly encapsulates and outputs it to financial institutions such asbanks, providing financing services and obtains corresponding service fees.
CCC Credit was established in July 2014, collaborating with government departments topromote the construction of the city's social credit system. It has established a data systemcentered on public data, commercial data, and e-commerce data. By constructing preciseenterprise portraits, it provides technical support in credit verification, joint rewards andpunishments, inclusive finance, and other fields of government and financial institutions, andempowers trade ecological value with data elements. Currently, it covers 1.08 million legalentities, with a total of over 164 million pieces of data. Through the enterprise credit informationquery platform, CCC Credit provides financial institutions with enterprise credit information queryservices and carries out data management for inclusive finance of banks. Currently, there aremore than 30,000 credit subjects, with a total credit amount of RMB 9.93 billion. CCC Creditcharges service fees through technology development, system interface docking, and datasupport based on inclusive finance for banking and insurance institutions.
Summary to 2024 Annual Report of Zhejiang China Commodities City Group Co., Ltd.Established in January 2022, Zhejiang China Commodities City Group CommercialFactoring Co., Ltd. is a local financial institution approved by the Zhejiang Provincial LocalFinancial Regulatory Administration. It primarily engages in trade finance activities by factoringaccounts receivable, including settlement, management, and collection of accounts receivable;client credit investigation and assessment; and non-commercial bad debt guarantees. ZhejiangChina Commodities City Group Commercial Factoring Co., Ltd. mainly serves merchants at theYiwu International Trade City, with its primary revenue derived from interest income on factoringfinancing and service fee income. After the expansion of business scale in the later stage, ChinaCommodities City Factoring can cooperate with banks and other funding parties to obtain servicefees.
III. Main accounting data and financial indicators of the Company
3.1 Main accounting data and financial indicators for the past 3 years
Unit: RMB
| 2024 | 2023 | change (%) | 2022 | |
| Total assets | 39,168,460,647.21 | 36,218,947,223.63 | 8.14 | 32,111,004,317.38 |
| Net assets attributable to shareholders of the Listed Company | 20,503,756,457.46 | 17,688,393,818.20 | 15.92 | 15,262,290,780.57 |
| Operating revenue | 15,737,383,922.24 | 11,299,686,665.89 | 39.27 | 7,619,693,742.60 |
| Net profits attributable to shareholders of the Listed Company | 3,073,677,494.86 | 2,676,182,133.26 | 14.85 | 1,104,719,091.71 |
| Net profits attributable to shareholders of the Listed Company with non-recurring items excluded | 2,983,124,415.40 | 2,468,685,982.43 | 20.84 | 1,765,087,553.23 |
| Net cash flow from operating activities | 4,491,339,090.33 | 1,845,059,849.92 | 143.43 | 1,400,090,713.77 |
| Weighted average ROE (%) | 16.10 | 16.06 | Up 0.04 percentage points | 7.30 |
| Basic EPS (RMB) | 0.56 | 0.49 | 14.29 | 0.20 |
| Diluted EPS (RMB) | 0.56 | 0.49 | 14.29 | 0.20 |
3.2 Main accounting data by quarter in the reporting period
Unit: RMB
| January to March | April to June | July to September | October to December | |
| Operating revenue | 2,680,601,604.80 | 4,085,332,532.33 | 3,847,116,609.26 | 5,124,333,175.85 |
| Net profits attributable to shareholders of the Listed Company | 713,020,906.27 | 734,961,839.22 | 880,888,736.16 | 744,806,013.21 |
| Net profit attributable to shareholders of the Listed Company after deducting non-recurring gains and losses | 690,587,608.80 | 728,320,860.57 | 863,667,153.63 | 700,548,792.40 |
| Net cash flow from operating activities | 180,101,089.85 | -65,737,589.02 | 338,289,385.32 | 4,038,686,204.18 |
Explanation of difference between quarterly data and disclosed data in regular reports
□Applicable √Not applicable
IV. Information about shareholders
4.1 The total number of common stockholders, preferred stockholders with reinstated
voting rights, and holders of shares with special voting rights as of the end of thereporting period and the month immediately preceding the annual report'spublication, along with details of the top 10 shareholders
Unit: share
| Number of common shareholders as of the end of the reporting period | 126,607 | ||||||
| The total number of common stockholders as of the end of the month immediately preceding the annual report's publication | 113,148 | ||||||
| As of the end of the reporting period, the total number of preferred shareholders whose voting rights have been restored | 0 | ||||||
| The total number of preferred stockholders with reinstated voting rights as of the end of the month immediately preceding the annual report's publication | 0 | ||||||
| Shareholdings of the top ten shareholders (excluding shares lent through refinancing) | |||||||
| (full name) | Change during the reporting period | Number of shares held at the end of the reporting period | Proportion (%) | Number of shares held subject to lock-up restrictions | Pledge, mark or freezing | nature | |
| status | Qty. | ||||||
| Yiwu China Commodities City Holdings Limited | - | 3,038,179,392 | 55.40 | - | No | - | State-owned legal person |
| Zhejiang Zhecai Capital Management Co., Ltd. | - | 147,466,528 | 2.69 | - | No | - | State-owned legal person |
| Hong Kong Central Clearing Company Limited | 60,521,815 | 143,383,856 | 2.61 | - | No | - | Unknown |
| Industrial and Commercial Bank of China Limited – Huatai-PineBridge CSI 300 ETF | 47,299,433 | 47,299,433 | 0.86 | - | No | - | Other |
| GAO Yaping | 1,000,000 | 33,261,566 | 0.61 | - | No | - | Domestic natural person |
| China Construction Bank Corporation - E Fund CSI 300 Exchange-Traded Open-End Index Initiated Securities Investment Fund | 32,647,003 | 32,647,003 | 0.60 | - | No | - | Other |
| National Social Security Fund 110 Portfolio | 27,945,174 | 27,945,174 | 0.51 | - | No | - | Unknown |
| Southern Asset Management－Agricultural Bank of China－Southern China Securities Financial Assets Management Scheme | - | 26,675,000 | 0.49 | - | No | - | Other |
| Dacheng Fund－Agricultural Bank of China－Dacheng China Securities Financial Assets Management Scheme | - | 26,447,800 | 0.48 | - | No | - | Other |
| JIANG Shibo | 1,300,000 | 25,687,200 | 0.47 | - | No | - | Domestic natural person |
| Explanation on the relationship or concerted action between the above shareholders | Zhejiang Provincial Finance Development Co., Ltd., the controlling shareholder of Zhejiang Zhecai Capital Management Co., Ltd., owns a 9.44% stake in Yiwu State-owned Capital Operation Co., Ltd., which is the controlling shareholder of Yiwu Market Development Group Co., Ltd., in turn, the controlling shareholder of Yiwu China Commodities City Holdings Limited. Except that, the Company has no knowledge of any affiliated relationships or acting-in-concert relationships as stipulated by laws and regulations that may exist among the aforementioned shareholders. |
| Explanation on the preferred shareholders whose voting rights had been restituted and the quantity of shares held thereby | NA |
4.2 Block diagram of the property rights and control relationship between the Companyand the controlling shareholder
√Applicable □Not applicable
4.3 Block diagram of the property rights and control relationship between the Company
and the actual controller
√Applicable □Not applicable
4.4 Total number of preferred stockholders and details of top 10 shareholders as of theend of the reporting period
□Applicable √Not applicable
V. Bonds of the Company
√Applicable □Not applicable
5.1 The status of all bonds outstanding as of the approval date for the issuance of the
annual report.
Unit: RMB 100 million Currency: RMB
| Name of bond | Abbreviation | Code | Maturity date | Outstanding amount | Interest rate (%) |
| Zhejiang China Commodity City Group Co., Ltd.’s corporate bonds publicly issued to professional investors in 2022 (Issue 1) | 22 YIWU CCC 01 | 137740 | September 1, 2025 | 8 | 2.88 |
| Zhejiang China Commodity City Group Co., Ltd.’s corporate bonds publicly issued to professional investors in 2022 (Issue 2) | 22 YIWU CCC 02 | 137815 | September 22, 2025 | 7 | 2.88 |
| Zhejiang China Commodities City Group Co., Ltd.’s 2022 MTN (Issue 1) | 22 Zhejiang Yiwu CCC MTN001 | 102280347 | Feb 24, 2025 | 10 | 3.29 |
| Zhejiang China Commodities City Group Co., Ltd.’s 2022 MTN (Issue 2) | 22 Zhejiang Yiwu CCC MTN002 | 102280660 | Mar 29, 2022 | 5 | 3.57 |
| Zhejiang China Commodities City Group Co., Ltd.'s 2022 MTN (Issue 3) | 22 Zhejiang Yiwu CCC MTN003 | 102281584 | Jul 20, 2025 | 5 | 3.00 |
| Zhejiang China Commodities City Group Co., Ltd.’s 2024 Super Short-term Financing Bonds (Issue 3) | 24 Zhejiang Yiwu CCC SCP003 | 012482304 | Apr 25, 2025 | 10 | 2.00 |
| Zhejiang China Commodities City Group Co., Ltd.'s 2024 Super Short-term Financing Bonds (Issue 4) | 24 Zhejiang Yiwu CCC SCP004 | 012483797 | Aug 29, 2025 | 10 | 1.90 |
| Zhejiang China Commodities City Group Co., Ltd.‘s 2024 Super Short-term Financing Bonds (Issue 5) | 24 Zhejiang Yiwu CCC SCP005 | 012483999 | Sep 18, 2025 | 10 | 1.80 |
5.2 Bond interest payment during the reporting period
| Name of bond | Description of interest payment |
| Zhejiang China Commodity City Group Co., Ltd.’s corporate bonds publicly issued to professional investors in 2022 (Issue 1) | On September 1, 2024, the Company paid all holders of "22 Yiwu CCC 01" the interest for the period from September 1, 2023 to September 1, 2024 on time. |
| Zhejiang China Commodity City Group Co., Ltd.’s corporate bonds publicly issued to professional investors in 2022 (Issue 2) | On September 22, 2024, the Company paid all holders of "22 Yiwu CCC 02" the interest for the period from September 22, 2023 to September 22, 2024 on time. |
| Zhejiang China Commodities City Group Co., Ltd.’s 2022 MTN (Issue 1) | On February 24, 2024, the Company paid the holders of "22 Zhejiang Yiwu CCC MTN001" the interest for the period from February 24, 2023 to February 24, 2024 on time. |
| Zhejiang China Commodities City Group Co., Ltd.’s 2022 MTN (Issue 2) | On March 29, 2024, the Company paid the holders of "22 Zhejiang Yiwu CCC MTN002" the interest for the period from March 29, 2023 to March 29, 2024 on time. |
| Zhejiang China Commodities City Group Co., Ltd.'s 2022 MTN (Issue 3) | On July 20, 2024 the Company paid the holders of "22 Zhejiang Yiwu CCC MTN003" the interest for the period from July 20, 2023 to July 20, 2024 on time. |
| Zhejiang China Commodities City Group Co., Ltd.’s 2023 Super Short-term Financing Bonds (Issue 3) | On March 15, 2024, the Company paid the holders of "23 Zhejiang Yiwu CCC SCP003" the interest for the period from June 20, 2023 to March 15, 2024 on time. |
| Zhejiang China Commodities City Group Co., Ltd.’s 2023 Super Short-term Financing Bonds (Issue 4) | On October 10, 2024, the Company paid the holders of "23 Zhejiang Yiwu CCC SCP004" the interest for the period from September 13, 2023 to April 10, 2024 on time. |
| Zhejiang China Commodities City Group Co., Ltd.’s 2023 Super Short-term Financing Bonds (Issue 5) | On August 2, 2024, the Company paid the holders of "23 Zhejiang Yiwu CCC SCP005" the interest for the period from November 8, 2023 to August 2, 2024 on time. |
| Zhejiang China Commodities City Group Co., Ltd.’s 2024 Super Short-term Financing Bonds (Issue 1) | On December 6, 2024, the Company paid the holders of "24 Zhejiang Yiwu CCC SCP001" the interest for the period from March 13, 2024 to December 6, 2024 on time. |
| Zhejiang China Commodities City Group Co., Ltd.’s 2024 Super Short-term Financing Bonds (Issue 2) | On December 26, 2024, the Company paid the holders of "24 Zhejiang Yiwu CCC SCP002" the interest for the period from April 9, 2024 to December 26, 2024 on time. |
5.3 Credit rating adjustments made by credit rating agencies to the Company or itsbonds during the reporting period
□Applicable √Not applicable
5.4 Main accounting data and financial indicators of the Company for the past 2 years
√Applicable □Not applicable
Unit: RMB 10,000
| Major indicator | 2024 | 2023 | YoY change (%) |
| Debt-to-asset ratio (%) | 47.48 | 51.12 | Down 3.64 percentage points |
| Net profit after deducting non-recurring gains and losses | 298,312.441540 | 246,868.598243 | 20.84 |
| Ratio of EBITDA to total debt | 0.69 | 0.48 | 43.75 |
| Interest coverage ratio | 17.90 | 12.91 | 38.65 |
Section III Significant MattersI. Significant changes in the Company's operations during the reporting period, as well asevents that have a significant impact or are expected to have a significant impact in the futureon the Company's operations.During the reporting period, the Company's main operating conditions are detailed inSection III Discussion and Analysis of Managers of the 2024 Annual Report.
II. After the Company's annual report is disclosed, if there is a risk of delisting warning ortermination of listing, the reasons leading to the delisting risk warning or termination of listingshould be disclosed.
□Applicable √Not applicable