Zhejiang China Commodities City Group sees revenue jump in 2024

Zhejiang China Commodities City Group (SSE: 600415) reported a robust financial performance in its 2024 annual report, with annual revenue reaching RMB 15.737 billion, a 39.27% year-over-year increase. Net profits attributable to shareholders also saw a significant rise to RMB 3.074 billion, up 14.85% compared to the previous year, while the weighted average return on equity (ROE) stood at 16.10%. The company attributes this growth to increased revenue from market operations, successful new businesses like Chinagoods and Yiwu Pay, and strong sales of goods.