research report

China auction industry development report in 2019 From Ministry of Commerce

The following is the China auction industry development report in 2019 From Ministry of Commerce recommended by And this article belongs to the classification: research report.

The report shows that according to the statistics of the national auction industry information management system of the Ministry of Commerce, as of December 2019, there are 8013 auction enterprises and 248 branches in China. Compared with the same period last year, the number of enterprise legal persons increased by 620, an increase of 8.39%; The total number of employees of auction enterprises was 60412, a year-on-year decrease of 1019, or 1.66%, including 13504 auctioneers, an increase of 1.39% over the previous year.

According to the report, the annual turnover of the auction industry in 2019 was 726.818 billion yuan, up 7.08% year on year. If we exclude the accidental factor of “guangguotou” bankruptcy property transaction of 55.1 billion yuan in 2017, the annual turnover of the auction market has maintained the basic trend of continuous recovery growth since the historical low in 2015. In addition, in 2019, the total number of auctions in the whole industry was 89980, with 69405 transactions, a year-on-year increase of 14.97%, and the average transaction rate was about 77.13%, basically the same as that of the previous year.

In terms of industry efficiency, the main business income of the auction industry in 2019 was 7.312 billion yuan, down 5.91% from 7.771 billion yuan in 2018; The main business profit was 1.929 billion yuan, down 3.16% from 1.992 billion yuan in 2018. In terms of industry profitability, the total commission income and average commission rate of the industry continued to decline. In 2019, the average commission rate of the auction industry will drop by 0.13 percentage points to a new historical low of 1.01%.

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