小商品城：2025年半年度报告

ZhejiangChinaCommoditiesCityGroupCo.,Ltd.Semi-annualReportfor2025 ImportantStatements I.TheBoardofDirectors,thesupervisorycommitteeandthedirectors,supervisorsandseniormanagementoftheCompanyherebywarrantthetruthfulness,accuracyandcompletenessofthecontentsofthesemi-annualreport,guaranteethattherearenofalserepresentations,misleading statements or material omissions contained in thissemi-annualreport,andarejointlyandseverallyresponsiblefortheliabilitiesoftheCompany. II.AlldirectorsoftheCompanywerepresentattheboardmeeting. III.Thissemi-annualreporthasnotbeenaudited. IV.CHENDezhan,HeadoftheCompany,BAOHua,Principalinchargeofaccounting,andZHAODifang,Headoftheaccountingdepartment(AccountingManager),declarethattheywarrantthetruthfulness,accuracyandcompletenessofthefinancialreportinthesemi-annualreport. V.TheprofitdistributionplanforthereportingperiodortheplanforpublicreservefundsintosharecapitalthatwasapprovedbytheboardofdirectorsNo VI.Riskstatementwithforward-lookingrepresentations √Applicable□Notapplicable Theforward-lookingrepresentationsinvolvedinthisReportsuchasfutureplansanddevelopmentstrategiesdonotconstitutetheCompany’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.Whetherthere is circumstance that more than half of the directors cannotguaranteethe authenticity,accuracy and completeness of the semi-annual reportdisclosedbytheCompanyNo X.Reminderofmajorrisks Duringthereportingperiod,theCompanydidnothaveanysignificantrisksthatwouldaffectitscontinuedoperations.TheCompanyhasprovidedadetaileddescriptionofthepotentialrisksitmayfaceinthe"PotentialRisks"partinSectionIII"DiscussionandAnalysisofManagers"ofthisreport. XI.Other □Applicable√Notapplicable TableofContents SECTIONI.DEFINITIONS.............................................................................................................5SECTIONII.COMPANYPROFILEANDFINANCIALHIGHLIGHTS....................................6SECTIONIII.DISCUSSIONANDANALYSISOFMANAGERS..............................................9SECTIONIV.CORPORATEGOVERNANCE,ENVIRONMENTANDSOCIETY................35SECTIONV.SIGNIFICANTMATTERS......................................................................................45SECTIONVI.CHANGESINSHARESANDSHAREHOLDERS............................................55SECTIONVII.BONDS......................................................................................................................60SECTIONVIII.FINANCIALREPORT.............................................................................................67 SectionI.Definitions ForthepurposeofthisReport,unlessotherwisestatedinthecontext,thefollowingtermsshallhavethefollowingmeanings: SectionII.CompanyProfileandFinancialHighlights I.Companyprofile II.Contactinformation V.Stockprofile VI.Otherrelevantinformation □Applicable√Notapplicable VII.MainaccountingdataandfinancialindicatorsoftheCompany(i)Majoraccountingdata Unit:RMB (ii)Majorfinancialindicators Illustrationonmajoraccountingdataandfinancialindicators√Applicable□Notapplicable 1.TheoperatingrevenueincreasedbyRMB947millionYoY,mainlyduetothegrowthoftradeservicesandcommoditysales,whichincreasedbyRMB160millionandRMB638millionrespectively,withgrowthratesof43.16%and16.38%. 2.ThenetprofitattributabletoshareholdersoftheListedCompanyincreasedbyRMB243millionYoY,mainlyduetothecontinuousimprovementofprofitsofmarketoperationandtradefulfillmentservice. 3.ThenetcashflowgeneratedfromoperatingactivitiesincreasedbyRMB1.268billionYoY,mainlyduetoaYoYincreaseofRMB1.592billioninnetcashreceivedfromsalesofgoodsandprovisionofservices,mainlyattributabletopre-openingrentprepaidbythefashion&jewelrytenantsattheYiwuGlobalDigitalTradeCenter(MarketDivision),partiallyoffsetbyaYoYincreaseofRMB410millionintaxespaid. VIII.DifferencesinaccountingdatabetweenforeignandChineseaccountingstandards□Applicable√Notapplicable Unit:RMB Forcompaniesthatrecognizeitemsnotlistedinthe ExplanatoryAnnouncementNo.1onInformationDisclosureofCompaniesIssuingSecuritiestothePublic-NonrecurringProfitandLossasnonrecurringprofitandlossitemswithsignificantamounts,andforcompaniesthatdefinenonrecurringprofitandlossitemslistedintheExplanatoryAnnouncementNo.1onInformationDisclosureofCompaniesIssuingSecuritiestothePublic-NonrecurringProfitandLossitemsasrecurringprofitandlossitems,thereasonsshouldbeexplained.□Applicable√Notapplicable X.Companieswithequityincentivesandemployeestockownershipplansmaychoosetodisclosetheirnetprofitafterdeductingtheimpactofshare-basedpayments Unit:RMB XI.Other □Applicable√Notapplicable SectionIII.DiscussionandAnalysisofManagers I.DescriptionoftheindustryandtheCompany’smainbusinessduringthereportingperiod (i)IndustrysituationoftheCompany Accordingto the definitions in the Guideli