厦门象屿：Xiangyu2024InterimReport(Summary).pdf

1、This report is prepared in both Chinese and English.The Chinese version shall prevail in case of any discrepancy between the Chinese and English texts.Stock Code:600057 Stock Abbreviation:Xiamen Xiangyu Xiamen Xiangyu Co.,Ltd.2024 Interim Report(Summary)I.Explanation of the companys industry and mai

2、n business during the reporting period 1.Analysis of the Industrys Operating Conditions In the first half of 2024,Chinas economy showed overall stability,with steady progress in transformation and upgrading,and a stable recovery in the performance of large-scale industrial enterprises.However,the co

3、mplexity and uncertainty of the international environment continued to rise,domestic effective demand remained insufficient,and the recovery foundation of industrial enterprise performance still needed consolidation.Facing the complex and ever-changing external environment,the bulk commodity supply

4、chain industry encountered several challenges in the first half of the year:First,influenced by expectations of Federal Reserve rate cuts,the prices of certain bulk commodities with strong financial attributes increased,leading to a divergence between liquidity factors and supply-demand fundamentals

5、,thereby complicating commodity price management;second,due to insufficient domestic effective demand,procurement needs from some downstream industrial enterprises remained sluggish;third,continued profit declines in certain industries increased the difficulty of managing customer credit in the supp

6、ly chain,affecting the expansion of business scale.Leading bulk commodity supply chain enterprises have responded to industry challenges by adjusting their product mix to counteract industry cycles,expanding their international customer base to explore incremental markets,optimizing their customer s