IBI 2021 Visualized Annual Performance Report

Date: Apr 15,2022 Source：Beijing United Information Technology Co., Ltd

Basic Information

Beijing United Information Technology Co., Ltd. (IBI) is a listed company specializing in B2B e-commerce and industrial internet platforms. The 2021 Visualized Performance Report focuses on IBI’s core theme of “Consolidate the Foundation, Accelerate the Progress,” reflecting the company’s strong financial growth and strategic advancement in digital transformation.

Key Financial Data — Revenue and Profit

In 2021, IBI achieved total operating revenue of RMB 37.23 billion, representing a 116.98% year-on-year growth.

2020 revenue: RMB 17.158 billion (YoY +138.38%)
2019 revenue: RMB 7.198 billion

Net profit attributable to shareholders reached RMB 578 million, an increase of 89.97% year-on-year.

2020 net profit: RMB 304 million (YoY +91.57%)
2019 net profit: RMB 159 million

Excluding non-recurring items, net profit totaled RMB 531 million, up 98.62% year-on-year.

2020: RMB 267 million (YoY +73.11%)
2019: RMB 154 million

Key Financial Data — Assets and R&D

By the end of 2021, total assets reached RMB 9.529 billion, up 41.7% from the previous year.

2020 total assets: RMB 6.725 billion (YoY +2021.75%)
2019 total assets: RMB 2.229 billion

Total R&D investment was RMB 112 million, a 139.16% increase from 2020, including RMB 67 million in R&D expenses (+128.10% YoY).

Operational Analysis — Market and Users

IBI has actively pursued both vertical and horizontal expansion strategies, achieving continuous growth in market scale.

The total market scale of Duoduo E-commerce platforms exceeded RMB 4 trillion in 2021, with a combined penetration rate of 1.02% (up from 0.47% in 2020).

User Growth:

Registered users: 493,800 (2020: 319,500, +54.55%)
Monthly active users (MAU): 67,259 (2020: 46,351, +45.11%)
Transaction users: 13,458 (2020: 8,234, +63.44%)
Average revenue per user (ARPU, excl. tax): RMB 2.7568 million (2020: RMB 2.0713 million, +33.10%)
Average revenue per order (excl. tax): RMB 273,100 (2020: RMB 237,000, +15.23%)

For IBI Resource Network, registered users reached 2.8085 million (+5.10% YoY), and active cooperative users totaled 10,013 (+6.24% YoY).

Operational Analysis — Resources and Intellectual Property

In 2021, Duoduo E-commerce platforms covered a total of 12,461 SKUs, including:

4,667 in self-operated malls
7,794 on third-party platforms

IBI owns a comprehensive portfolio of intellectual property rights, including:

35 patents
705 software copyrights
548 trademarks

Development Outlook — Industry and Strategy

IBI ranked among the Top 10 in the “2021 China Industrial Internet Top 100 Enterprises”, alongside Alibaba B2B, Ouyeel Cloud Commerce, Manbang, Shanghai Steel Union, Huitongda, Huaneng Zhilian, Wangzhu Group, Sinochem E-commerce, and Meicai.

With the digital economy emerging as a new engine of growth and industrial internet becoming a key component of national strategy, IBI is entering a crucial period of strategic opportunity for rapid development.

The company will continue to implement its “Platform–Technology–Data” industrial internet development strategy under the “One Core, Two Wings” framework:

Rapidly expanding the Duoduo E-commerce transaction scale and platform influence;
Enhancing the IBI Resource Network’s integrated information service capabilities;
Strengthening IBI SaaS Services (Guolian Cloud) to advance digital technology empowerment.

By improving its national marketing system, R&D capabilities, and management efficiency, IBI aims to sustain its rapid growth momentum. In 2022, the company will continue to advance under the guiding principle of “Link the Chain, Pursue Excellence.”