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????üð0.8245,225,061-2,074,372????? ??? ???????? ??????? ???????- ????? ????????? ????????(ETF) ?????CSI 300 ??????- ?????????
??? ??????? ????? ??????üð0.7742,240,39431,229,834???? ???? ??????? ??????üñ? ???????? ??????
??? ???? ?????üð0.6133,600,000338,434???? ?? ???
????üð0.5932,298,103-348,900?????? ??? ????? ??????- ????? ????üì? ??????? ???????? ??????? ????? ??????? ?????CSI 300 ????E Fund
????üð0.4926,675,000???üì? ????? ????????¨C ??? ?????? ???????¨C ???üì? ????? ??? ????? ??????? ????? ???? ??????? ????üí?
????üð0.4826,447,800?????? ?????¨C ??????? ??? ??????¨C ??? ???üì? ????? ????? ??????? ????? ?????? ??????? ????üí?
????üð0.4524,648,3002,944,200????? ??? ???????? ??????? ???????- ????? ????üì? ??????? ????? ??????? ???????(SSE) CSI 300 (ETF)
?? ??????? ??????? ????????? ???????? ??????? ?????? ??????? ???? ????? ??? ????? ????????? ????? ??? ????üî ????? ??????? ????9.44 ????? ????????? ?????? ??????? ????? ??? ?????? ???? ???? % ????????? ????? ?????? ???? ?????? ???? ?? ??????? ??????? ???? ???? ????????? ?????? ???? ???? ?? ??????? ??????? ?? ?????? ??? ???üñ? ??? ??? ?? ?????? ??? ??? ???? ???????? ????????? ??????? ???????? ?? ???? ????? ?? ??? ??????? ??? ???üñ? ?? ??????üñ?? ????????? ????????? ??? ???? ?? ???? ????????????? ?? ??üñ???? ??????? ??????? ????????? ????????? ??? ????????üñ??
????? ????????????? ??????? ??????? ???? ????? ????? ????? ????????? ???? ???üì? ????? ??????? ?????????

4.2 ?????? ???????? ?????? ??? ??????? ??üñ?? ??????? ????? ?????? ??? ?

??????? ???? ??? ¡õ ??????? ???? ¡Ì

4.3 ?????? ???????? ?????? ??? ??????? ??üñ?? ??????? ????? ?????? ???

¡Ì ??????? ???? ??? ¡õ ??????? ????

4.4 ??????? ???? ????? ?? ??????? ???? ???? ??????? ????????? ????????? ??? ??????

¡õ ??????? ???? ??? ¡Ì ??????? ????

V. ?????? ???????????? ???? ??? ¡õ ??????? ???? ¡Ì

5.1 ???? .?????? ??????? ????? ??? ???????? ????? ??

???????? ??????? ??????? ??????????? :?????? ??????? ????? ??? :??????

??????? ????)%(?????? ?????????????üð? ???????????????üð?????? ???

?????? ??????? ???? ????? ???????? ???? ???? ????????? ????????? ?????????? ????? ???????

????2025 ????üî?(1 )

1.94813 ??????202824414325 YIWU CCC 01
2.10527 ????202810258135725 Zhejiang Yiwu CCC MTN001 ????? ?????? ??????? ?????(MTN) ?????? ??????? ????? ??????? ???? ???????? ???? ???? ?????????

Industrial and Commercial Bank of

Industrial and Commercial Bank of

China LTD

ICBC Financial Assets InvestmentCo., Ltd.State-owned Assets Supervision andAdministration Office of the People's

State-owned Assets Supervision andAdministration Office of the People's

Government of Yiwu

Zhejiang Provincial Department ofFinanceZhejiang Provincial Financial

Zhejiang Provincial Financial

Development Co., Ltd.

Yiwu State-owned Capital OperationCo., Ltd.Yiwu Market Development GroupCo., Ltd.

Yiwu Market Development GroupCo., Ltd.

Yiwu China Commodities City Holdings Limited

Zhejiang Zhecai Capital Management Co., Ltd.

Zhejiang China Commodities City Group Co., Ltd.

2025 ????üî?(1 )
2.091024 ?????202810258182625 Zhejiang Yiwu CCC MTN 002????? ?????? ??????? ?????(MTN) ?????? ??????? ????? ??????? ???? ???????? ???? ???? ?????????2025 ????üî?(2 )
1.89517 ?????202810258291725 Zhejiang Yiwu CCC MTN 003????? ?????? ??????? ?????(MTN) ?????? ??????? ????? ??????? ???? ???????? ???? ???? ?????????2025 ????üî?(3 )

5.2 ??????? ???? ?üñ? ??????? ????? ???

??????? ??? ???????? ???
??1 ??????2025" ????? ????? ?????? ???? ?22 Yiwu CCC 01" ?????? ??? ?? ?????? ?? ????????1 ??????2024 ???31 ?????2025 .?????? ?????? ?????? ???? ????????? ?????? ??????? ???? ????? ???? ????????? ?????????? ????? ??????? ????????2022 ????üî?(1 )
??22 ??????2025" ????? ????? ?????? ???? ?22 Yiwu CCC 02" ?????? ??? ?? ?????? ?? ????????22 ??????2024 ???21 ??????2025 .?????? ?????? ?????? ???? ????????? ?????? ??????? ???? ????? ???? ????????? ?????????? ????? ??????? ????????2022 ????üî?(2 )
??24 ??????2025" ?????? ?????? ???? ?22 Zhejiang Yiwu CCC MTN001" ?? ?????? ?? ???????24 ??????2024 ???24 ??????2025 ?????? ?? .??????( ????? ?????? ??????? ?????MTN) ??????? ???? ???? ????????? ?????? ??????? ????? ???? ????????2022 ????üî?(1 )
??29 ????2025" ?????? ?????? ???? ?22 Zhejiang Yiwu CCC MTN002" ?? ?????? ?? ???????29 ????2024 ???29 ????2025 ?????? ?? .??????( ????? ?????? ??????? ?????MTN) ??????? ???? ???? ????????? ?????? ??????? ????? ???? ????????2022 ????üî?(2 )
??20 ?????2025" ?????? ?????? ???? ?22 Zhejiang Yiwu CCC MTN003" ?? ?????? ?? ???????20 ?????2024 ???20 ?????2025 ?????? ?? .??????( ????? ?????? ??????? ?????MTN) ??????? ???? ???? ????????? ?????? ??????? ????? ???? ????????2022 ????üî?(3 )
??25 ?????2025" ?????? ?????? ???? ?24 Zhejiang Yiwu CCC SCP003" ?? ?????? ?? ???????31 ?????2024 ???25 ?????2025 ????? ?? .????????????? ????? ??????? ??üì? ???? ??????? ????? ???? ???????? ???? ???? ????????? ??????2024 ????üî?(3 )
??29 ?????2025" ?????? ?????? ???? ?24 Zhejiang Yiwu CCC SCP004" ?? ?????? ?? ???????4 ??????2024 ???29 ?????2025 ????? ?? .????????????? ????? ??????? ??üì? ???? ??????? ????? ???? ???????? ???? ???? ????????? ??????2024 ????üî?(4 )
??18 ??????2025" ?????? ?????? ???? ?24 Zhejiang Yiwu CCC SCP005" ?? ?????? ?? ???????24 ??????2024 ???18 ??????2025 ????? ?? .????????????? ????? ??????? ??üì? ???? ??????? ????? ???? ???????? ???? ???? ????????? ??????2024 ????üî?(5 )
??14 ??????2025" ?????? ?????? ???? ?25 Zhejiang Yiwu CCC SCP001" ?? ?????? ?? ???????20 ??????2025 ???14 ??????2025 ????? ?? .????????????? ????? ??????? ??üì? ???? ??????? ????? ???? ???????? ???? ???? ????????? ??????2025 ????üî?(1 )

5.3 ??????? ???? ?üñ? ??????? ?? ?????? ??? ??????üð? ??????? ?üð??? ?????? ???? ??????üð? ??????? ?üñ????

¡õ ??????? ???? ??? ¡Ì ??????? ????

5.4 ???????? ??????? ?üñ? ?????? ??????? ????????? ???????? ????????? ????????

¡Ì ??????? ???? ??? ¡õ ??????? ????

:??????10,000 ???????

)%( ?????? ???????20242025??????? ??????
?????? ?????? 0.66 ?????????47.4848.14???üì? ??? ????? ???? (%)
30.50298,312.44154389,296.119262??????? ??? ??? ????? ???? ???????? ??? ????????
184.060.691.96???????üð? ??? ????üì? ????(EBITDA) ?????? ?????? ???
105.5917.9036.80??????? ????? ????

???? ???? :?????? ?????

I. ???????? ???? ?üñ? ???????? ???????? ?? ???????? ????????? ?? ????üî? ???????? ????üì? ???? ???????? ??????? ??? ???

???? ????üì? ????????? .?????? ?????? ??? ????? ????? ??? ???? ?? ??????? ?? ?? ??? ???? ?????? ?üñ? ???? ?????? ??????? ?? "????üî? ?????? ?????? :?????? ?????" ?? ?????? ???????? ??????? ???? ????? ?? ???????? ???? ?üñ?

2025 .

II. ??? ??????? ????üì? ?? ????üî? ???? ?????üî? ????? ?? ????üî? ????? ????? ????????? ?????? ?????? ??????? ???? ???

.???

??????? ???? ??? ¡Ì ??????? ???? ¡õ


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