IBI Releases 2019 Semi-Annual Report — Sustained and Significant Growth Achieved

On August 19, 2019, IBI (Beijing United Information Technology Co., Ltd.) released its semi-annual report. From January to June 2019, the company achieved operating revenue of RMB 2.492 billion, a year-on-year increase of 70.77%; net profit of RMB 76.80 million, up 63.07%; and net profit attributable to shareholders of RMB 65.01 million, a 56.50% increase. Operating cash flow reached RMB 20.09 million, up 226.39% year-on-year — all financial indicators exceeding IPO-prospectus expectations.

IBI’s core business focuses on B2B e-commerce, and the company was officially listed on July 30, 2019. Positioned as a B2B integrated service platform, IBI builds upon industrial e-commerce and data-driven technologies to provide clients with online trading of industrial products and raw materials, business-information services, and internet-technology services.

Known as “China A-share’s first B2B e-commerce stock”, IBI reported a CAGR of 162.64% in revenue and 107.95% in net profit between 2015 and 2018. This semi-annual report confirms the company’s continued high-speed growth and expanding profitability.

According to its prospectus, IBI’s main business segments include:

• IBI Resource Network — its B2B information-service platform.

• Toodudu (TDD), Wdoodoo (WDD), and Boododo (BDD) — vertical B2B e-commerce platforms.

• An “Internet +” technology-service segment.

These platforms are synergistic and highly complementary. With over a decade of accumulated expertise in industrial B2B services, industry resources, and member networks, IBI has built a strong foundation across verticals such as coatings and chemicals, sanitary products, glass, fertilizers, agricultural materials, industrial robotics, new energy vehicles, new materials, and environmental engineering. Each vertical-industry team — from Toodudu to Wdoodoo and Boododo — has the potential to evolve into an independent e-commerce platform, supported by IBI’s shared industry resources, teams, and customer bases.

IBI’s “Internet + Technology Service” segment originates from its IBI Resource Network and Duoduo e-commerce technological capabilities, enabling efficient inter-segment collaboration through cross-promotion, customer conversion, and shared technical resources.

According to the semi-annual report, growth was primarily driven by the rapid expansion of its online goods business — namely, its B2B vertical platforms Toodudu (TDD), Wdoodoo (WDD), and Boododo (BDD). During the reporting period, IBI:

1. Implemented upstream core-supplier and downstream group-procurement strategies.

2. Expanded deeply into titanium dioxide, ethanol chemicals, soda ash, and base paper sectors, strengthening single-product competitiveness and market share.

3. Extended multi-category offerings, supply-chain depth, and customer repurchase transactions.

4. Promoted cloud ERP, smart logistics, and electronic-contract SaaS services.

As a result, Toodudu, Wdoodoo, and Boododo achieved strong growth in transaction volume, revenue, and profitability.

These platforms are built on IBI’s 10+ years of expertise in their respective industries, designed around downstream customer needs, with precise positioning and distinct differentiation. Through operational strategies such as single-product breakthroughs, group procurement, category repurchases, one-stop purchasing, and upstream supplier integration, the Duoduo e-commerce ecosystem rapidly captured market share, forming a powerful first-mover advantage.

IBI’s technical capabilities — including its cloud ERP, smart logistics, and electronic-contract systems — deeply integrate industry-specific needs with platform R&D, giving the company a clear technological edge.

In October 2018, IBI was selected by eight ministries (including the Ministry of Commerce, MIIT, PBOC, and CBIRC)** as a “National Pilot Enterprise for Supply-Chain Innovation and Application.”**
In December 2018, Duoduo e-commerce was recognized by MIIT as an “Outstanding Industrial E-Commerce Platform Case Enterprise.”

Looking ahead, IBI stated it will continue to align with major national industrial directions — industrial e-commerce, industrial internet, supply-chain innovation, and platform economy development — to advance its industrial internet strategy:

• Core: B2B vertical e-commerce platforms.

• Wings: B2B information services and Internet + technology capabilities.

• Support: Nationwide marketing network construction.

Through continuous e-commerce platform upgrades, SaaS development, and industrial-internet R&D center expansion, IBI will further strengthen its technology capacity, deeply integrate the internet and IoT with manufacturing, reduce costs and increase efficiency for the real economy, and accelerate industrial digital transformation toward high-quality growth — becoming a leading industrial internet platform enterprise.