Zhejiang China Commodities City Group (600415) Q4 2025 earnings summary

Executive summary

• Achieved record operating revenue of RMB 19.93 billion in 2025, up 26.62% year-over-year, driven by the launch of the Global Digital Trade Center and growth in trade fulfillment services.

• Net profit attributable to shareholders rose 36.76% year-over-year to RMB 4.20 billion, with core financial indicators reaching historical highs.

• Digital transformation, global expansion, and ESG initiatives were key strategic focuses, enhancing competitiveness and sustainability.

Financial highlights

• Operating revenue: RMB 19.93 billion, up 26.62% year-over-year.

• Net profit attributable to shareholders: RMB 4.20 billion, up 36.76% year-over-year.

• Net cash flow from operating activities: RMB 10.53 billion, up 134.43% year-over-year.

• Basic EPS: RMB 0.77, up 37.50% year-over-year.

• Weighted average ROE: 17.53%, up 1.43 percentage points year-over-year.

• Cash dividend of RMB 5.00 per 10 shares, totaling RMB 2.74 billion, representing a 65.23% payout ratio.

Outlook and guidance

• Plans to further upgrade physical, digital, and overseas markets, aiming to become a comprehensive international trade service provider.

• Focus on digital trade, logistics, financial empowerment, and talent development in 2026.

• Targeting continued expansion of the “Yiwu Market” global network and digital platform user base.