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Yongkang hardware city half turnover of 21.307 billion
In recent days, Yongkang China Science & Technology Hardware City has released its half-year performance report. During the first half of this year, the physical market achieved a total turnover of 2.1307 billion yuan, marking an 8.5% year-on-year growth. Notably, two major events—the 4th China International Door Industry Fair and the 6th Yongkang International Machinery Equipment and Mould Exhibition—generated transaction volumes of 2.35 billion yuan and 237 million yuan respectively, showing increases of 13.7% and 9.7% compared to the previous session. Meanwhile, the online market reached 7.65 billion yuan in transactions, reflecting a 20.1% annual increase. This accounted for 40.9% of the total market turnover, up from 32.4% in the same period last year.
Since the start of this year, China Science & Technology Hardware Group Co., Ltd. has been actively working on the fourth-phase market projects as per the instructions of the Yongkang Municipal Government. The company has focused on expanding both physical and online markets while enhancing professional exhibitions, creating new development opportunities. In the first half of the year, the group organized seven major exhibitions, including the 6th Yongkang International Machinery Equipment and Mould Exhibition, the 2013 Spring Auto Show, the first Yongkang Home Building Materials Expo, the 4th China (Yongkang) International Door Industry Expo, and the second session of the Yongkang Real Estate Trade Fair. These events generated a combined trade volume of 3.25 billion yuan.
The 4th China (Yongkang) International Door Expo, held at the end of May, introduced a unique “1,000 Buyer Procurement Activity†for the first time. It attracted a record number of exhibitors and visitors, with 656 companies participating across 72,000 square meters of exhibition space, resulting in a transaction volume of 2.35 billion yuan—an increase of 13.7% over the previous edition.
To further enhance the “China Hardware Mall†online platform, the company has upgraded its digital marketplace and partnered with financial institutions such as ICBC’s “ICBC Gather†and China Construction Bank’s “Good Mall.†These e-commerce platforms provide comprehensive services like secure payment, guarantees, and points redemption, ensuring customer trust through C2C and B2B credit payment models. The online market saw a significant rise in transactions, reaching 7.65 billion yuan in the first half of the year, a 20.1% increase compared to the same period last year.
Additionally, the “China Yongkang Hardware Index†was developed to support the growth of the local hardware industry. This index reflects key indicators such as commodity prices and market activity, divided into six sub-indices: the Yongkang Hardware Market Trading Price Index, the Yongkang Hardware Market Trading Climate Index, the Yongkang Hardware Product Manufacturer Price Index, the Yongkang Hardware Industry Business Climate Index, the Yongkang Hardware Commodity Export Price Index, and the Yongkang Hardware Commodity Export Climate Index. In the first half of the year, field data collection was conducted, involving more than 2,000 business operators and municipal enterprises. The collected data was sent to the index research team for analysis and classification. On September 26, the “China Yongkang Hardware Index†will be officially launched on the Ministry of Commerce platform.