小商品城：2024年年度报告

ImportantNote I.TheBoardofDirectors,theBoardofSupervisorsandthedirectors,supervisorsandseniormanagement of the Company hereby warrant the truthfulness,accuracy andcompletenessofthecontentsoftheAnnualReport,guaranteethattherearenofalserepresentations,misleadingstatementsormaterialomissionscontainedinthisAnnualReport,andarejointlyandseverallyresponsiblefortheliabilitiesoftheCompany. II.AlldirectorsoftheCompanywerepresentattheboardmeeting. III.Pan-ChinaCertifiedPublicAccountantsLLPhasissuedanauditor'sreportwithanunqualifiedopinionfortheCompany. IV.WANGDong,HeadoftheCompany,BAOHua,Principalinchargeofaccounting,andZHAODifang,Headoftheaccountingdepartment(AccountingManager),declarethattheywarrantthetruthfulness,accuracyandcompletenessofthefinancialreportintheannualreport. V.Theprofitdistributionplanforthereportingperiodortheplanforpublicreservefundsintosharecapitalthatwasapprovedbytheboardofdirectors Basedon the total share capital on the equity registration date for the 2024 profitdistribution,acashdividendofRMB3.30(includingtax)willbedistributedforevery10shares.Basedon the total share capital of the Company at the end of 2024,a total of RMB1,809,603,155.58(includingtax)incashdividendswillbedistributed.IfthereisachangeinthetotalsharecapitaloftheCompanybeforetheequityregistrationdateforequitydistribution,itisproposedtomaintainthepersharedistributionplanunchangedandadjustthetotaldistributionamountaccordingly. VI.Riskstatementwithforward-lookingrepresentations √Applicable□Notapplicable Theforward-looking representations involved in this Report such as future plans anddevelopmentstrategiesdonotconstitutetheCompany’ssubstantialcommitmentstoinvestors.Investorsshouldpayattentiontoinvestmentrisks. VII.Is the Company’s cash occupied by its controlling shareholder or any of otheraffiliatesfornon-operationalpurposes? No VIII.Hasthe Company provided external guarantee in violation of the prescribeddecision-makingprocedures?No IX.Whethermorethanhalfofthedirectorscannotwarrantthetruthfulness,accuracyandcompletenessoftheannualreportdisclosedbytheCompanyNoX.Reminderofmajorrisks TheCompanyhasdescribedtherisksthatmayexistinthisReportindetails.Pleasereferto“PotentialRisks”in“SectionIIIDiscussionandAnalysisofManagers”ofthisReport. XI.Other □Applicable√Notapplicable TableofContents SectionI.Definitions................................................................................................................5SectionII.CompanyProfileandFinancialHighlights..............................................................6SectionIII.DiscussionandAnalysisofManagers...................................................................13SectionIV.CorporateGovernance..........................................................................................59SectionV.EnvironmentalandSocialResponsibilities...........................................................87SectionVI.SignificantMatters.................................................................................................89SectionVII.ChangesinSharesandShareholders................................................................104SectionVIII.PreferredShares..................................................................................................115SectionIX.Bonds...................................................................................................................116SectionX.FinancialReport...................................................................................................128 SectionI.Definitions I.Definitions ForthepurposeofthisReport,unlessotherwisestatedinthecontext,thefollowingtermsshallhavethefollowingmeanings: SectionII.CompanyProfileandFinancialHighlights I.Companyprofile II.Contactinformation III.BasicInformation IV.Placesforinformationdisclosureandaccesstotheannualreport V.Stockprofile VI.Otherrelevantinformation VII.Majoraccountingdataandfinancialindicatorsinthepastthreeyears (i)Majoraccountingdata Unit:RMB (ii)Majorfinancialindicators threeyearsattheendofthereportperiod √Applicable□Notapplicable 1.TheoperatingrevenueincreasedbyRMB4.438billionYoY,mainlyduetotheYoYincreaseintherevenuefrommarketoperations,andnewbusinessessuchasChinagoodsandYiwuPay,aswellassalesofgoods. 2.ThenetprofitattributabletoshareholdersofthelistedcompanyincreasedbyRMB397millionYoY,mainlyduetoaYoYincreaseofRMB1.389billioninthenetprofitfrommarketoperationsandnewbusinesses,aYoYdecreaseofRMB805millionintheinvestmentincome,andaYoYdecreaseofRMB187millioninthenetprofitduetothereversalofanticipatedliabilitiesfromthepreviousperiodandtheexpropriationofBinwangDigitalCity. 3.The net profit attributable to shareholders of the listed Company after deduction ofnon-recurringgains and losses increased by RMB 514 million YoY,mainly due to a YoYincreaseofRMB397millioninthenetprofitattributabletoshareholdersofthelistedCompanyandaYoYdecreaseofRMB117millioninnon-recurringgainsandlosses. 4.ThenetcashflowgeneratedfromoperatingactivitiesincreasedbyRMB2