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Haitong Securities: Consumer expectations repaired + new round of optimization and transformation initiated. Pay attention to marginal changes in 4Q zero batch.
It is expected that retail terminal demand may recover in the fourth quarter, but there is still some pressure on short-term performance. It is recommended to focus on sub-sectors with significant marginal changes (especially leading ones).
Minsheng Securities: In 24Q3, the commercial retail industry in the consumer sector was affected by demand-side pressure, leading to a slowdown in revenue and profit growth across multiple sectors.
The total retail sales of 24 companies in Q1-Q3 reached 35.36 trillion yuan, with a year-on-year growth of +3.35%. The total retail sales of a single company in Q3 reached 11.76 trillion yuan, with a year-on-year growth of +2.69%, showing a slower growth rate compared to the previous quarter.
Zhejiang China Commodities City Group (600415.SH): Payment company achieved over 20 billion RMB in cross-border trade in the first three quarters.
GeLongHui, November 1st | Zhejiang China Commodities City Group (600415.SH) stated on the investor interaction platform that "Yiwu Pay"'s new cross-border payment business transaction volume exceeded 20 billion RMB from January to September 2024, a year-on-year increase of over 770%. The payment company achieved a cross-border transaction volume of over 20 billion RMB in the first three quarters, with a net income of over 30 million yuan, operation costs have stabilized, and the business model for cross-border RMB transactions is relatively mature.
Are Robust Financials Driving The Recent Rally In Zhejiang China Commodities City Group Co., Ltd.'s (SHSE:600415) Stock?
Improved Earnings Required Before Zhejiang China Commodities City Group Co., Ltd. (SHSE:600415) Stock's 35% Jump Looks Justified
Zhejiang China Commodities City Group: GMV cannot reflect the growth of Chinagoods. Cross-border payment business is expected to expand further | Directly hit the earnings conference
①The person in charge of zhejiang china commodities city group stated that the GMV of chinagoods can no longer reflect the platform's growth, and in the future will focus on increasing deep service fee income, with great growth potential. ②Yiwu Pay's cross-border trade volume in the first three quarters exceeded 20 billion yuan. If it obtains an overseas license, it will be beneficial for the company to establish offshore settlement capabilities. ③The rental increase trend in the market operation is still ongoing
Zhejiang China Commodities City Group Co., Ltd. (SHSE:600415) Doing What It Can To Lift SharesNo Data
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