IBI releases first post-IPO financial report: strong growth in revenue and profit in H1 2019

On the evening of August 19, IBI released its first financial report since listing. In the first half of 2019, the company recorded revenue of RMB 2.492 billion (+70.77% YoY), net profit of RMB 76.8045 million (+63.07% YoY), and net profit attributable to shareholders of RMB 65.0075 million (+56.50% YoY). Operating cash flow reached RMB 20.0876 million (+226.39% YoY). All major indicators exceeded projections disclosed in the IPO prospectus.

Growth was primarily driven by rapid expansion of online merchandise transactions on IBI’s B2B vertical platforms—Toodudu (TDD), Wdoodoo (WDD), and Boododo (BDD). IBI, which debuted on the Shanghai Stock Exchange main board on July 30 as the “first main-board B2B e-commerce stock,” positions itself as a comprehensive B2B services provider. Built on Industrial E-commerce and data capabilities, it serves industrial clients with online transactions of industrial goods and raw materials, business information services, and internet technology services. Current businesses include the IBI Resource Network (B2B information platform), the vertical e-commerce platforms TDD/WDD/BDD for coatings/chemicals, hygiene products, and glass, and an “internet+” technology services segment—each reinforcing the others.

According to the prospectus, from 2015–2018 IBI achieved a 162.64% CAGR in revenue and 107.95% CAGR in net profit. The latest half-year results sustain this high-growth trajectory and further strengthen profitability.

Looking ahead, IBI will align with national strategies in industrial e-commerce, industrial internet, supply-chain innovation, and platform economies, and advance its industry-internet strategy: take B2B vertical e-commerce as the core, with the B2B information platform and internet+ tech services as dual wings, supported by a nationwide sales system to accelerate core business growth. Through platform upgrades, SaaS development, and an industry-internet R&D center, IBI will bolster technology-driven capabilities, promote deep integration of internet/IoT with manufacturing, and help industry reduce costs, improve efficiency, and achieve high-quality growth—building a leading industry-internet platform enterprise.