As of March 31, 2026, the stock price of Commodity City was 12.94 yuan, with a total market value of 70.96 billion yuan.
As a core leading enterprise in global small commodity trade and a company listed on the Shanghai Stock Exchange (stock code: 600415.SH), it focuses on small commodity market operations, digital trade center construction, supply chain services, cross-border e-commerce and other core tracks, covering core businesses such as small commodity exhibitions, booth leasing, supply chain finance, and cross-border trade.
In 2025, there will be an obvious recovery trend in domestic and foreign trade. Digital trade is developing rapidly, cross-border e-commerce continues to increase in volume, and consumer demand for small commodities has steadily rebounded, promoting the transformation of the small commodity circulation industry into digitalization, globalization, and intensification.
Affected by factors such as industry prosperity, the business situation of the Commodity City continues to improve, and profits have achieved rapid growth.
According to the 2025 third quarter report and full-year performance forward-looking data, the company achieved total operating income of 13.061 billion yuan in the first three quarters of 2025, a year-on-year increase of 23.07%, net profit attributable to the parent company was 3.457 billion yuan, a year-on-year increase of 48.45%, and basic earnings per share was 0.63 yuan.
As of the end of the third quarter of 2025, the company’s total assets are 45.298 billion yuan, total liabilities are 23.038 billion yuan, the asset-liability ratio is 50.86%, and the net cash inflow from operating activities is 9.605 billion yuan, with sufficient capital reserves.
Recently, a number of mainstream research institutions have released special research reports on small commodity cities, which will predict the 2026 –
The net profit attributable to the parent company, price-to-earnings ratio (PE), and reasonable target price in 2027 form clear and consistent expectations.
Institutions unanimously predict that the average net profit attributable to the parent company of Commodity City in 2026 will be approximately 4.225 billion yuan, with a year-on-year growth rate of approximately 22.2%; in 2027, the average net profit will be approximately 5.300 billion yuan, with a year-on-year growth rate of approximately 25.4%.
The corresponding dynamic PE in 2026 is approximately 16.80 times, which is within a reasonable range.
The average target price of institutions is about 16.02 yuan, which is a potential increase of about 23.8% from the current stock price of 12.94 yuan.
The core business of Small Commodity City focuses on core tracks such as small commodity market operations and the construction of global digital trade centers, and has built a two-wheel-driven development system of “core market volume + digital trade empowerment + global channel collaboration”.
The global digital trade center business is the core driver and profitability ballast. Investment promotion will be fully launched in June 2025, bringing significant revenue and profits to the company.
The physical market operation business is the core growth engine. It has the world’s largest small commodity trading market and the business occupancy rate remains high.
Cross-border e-commerce and foreign trade business are collaboratively empowered to help domestic small commodities go global.
The supply chain and financial services business is the second growth curve, improving the industrial chain layout.
The digital operation and technical service business provides technical support for the core business.
Its core competitive advantages are outstanding, with industry leadership and channel positioning advantages, and strong voice and pricing power in the field of small commodity circulation; digital trade empowerment and operational advantages, which effectively improve operational efficiency and market vitality; profit and cash flow advantages, good profit growth capabilities, and sufficient capital reserves; growth and policy advantages, in line with industry development trends, and enjoy policy support dividends.
To sum up, Commodity City shoulders the important mission of promoting high-quality development of domestic and foreign trade. The current stock price still has potential to rise, and the valuation has not yet fully released the company’s core value.
Judging from the consensus of the research report, the company is expected to continue to benefit from opportunities such as the recovery of foreign trade, achieve dual improvements in performance and valuation, and highlight its long-term investment value.
