IBI: Advancing the Real Economy with “Internet+” While Achieving Rapid Growth

Date: Aug 01,2019 Source：Beijing United Information Technology Co., Ltd

On July 30, Beijing United Information Technology Co., Ltd. (IBI, 603613.SH)—a B2B e-commerce company focused on industrial verticals—listed on China’s A-share market. Positioned as a comprehensive B2B services platform, IBI builds on industrial e-commerce and data capabilities to provide online trading of industrial goods and raw materials, commercial information services, and internet technology services.

As one of the “strong players” in China’s B2B landscape (with Alibaba as the “super-player”), IBI’s market status is comparable to Shanghai Steel Union, Toocle, Focus Technology, and HC Group. Its vertical platforms—Toodudu (TDD), Wdoodoo (WDD), and Boododo (BDD)—serve coatings & chemicals, hygiene products, and glass value chains with self-operated and third-party e-commerce plus SaaS services. Through its Internet+ technology arm, IBI delivers top-level digital design, turnkey solutions, and e-commerce implementation projects, as well as managed e-commerce operations for clients.

IBI’s B2B information service platform, IBI Resource Network, remains stable and underpins both the vertical e-commerce and Internet+ tech services. During the reporting period, IBI evolved from a single information-services system to a three-pillar structure: B2B info services, vertical B2B e-commerce, and Internet+ tech services—laying a strong foundation for sustainable growth.

Online–offline integration in focused verticals accelerates growth.
For B2B e-commerce, online demand–supply matching must be reinforced by continual offline engagement. IBI couples its digital platforms with offline trade shows, “chain-commerce” events, and buyer–supplier salons to deepen cooperation and convert traffic. It also provides digital marketing training and solutions to raise clients’ O2O capabilities and stickiness.

Strong financial momentum.
Revenue and profit grew rapidly from 2016–2018: revenue of RMB 909.43m, RMB 1,999.77m, and RMB 3,673.60m (YoY +348.50%, +119.89%, +83.70%); net profit of RMB 24.23m, RMB 62.18m, and RMB 107.98m (YoY +101.77%, +156.65%, +73.66%). In Q1 2019, revenue reached RMB 1,047.31m (YoY +89.82%) and net profit RMB 25.81m (YoY +115.09%), demonstrating strong, ongoing profitability.

Recognitions.

Oct 2018: Selected as a National Supply Chain Innovation & Application Pilot Enterprise by eight ministries.
Dec 2018: The Duoduo e-commerce platforms were recognized (under MIIT guidance) as an Excellent Industrial E-commerce Platform Case.

Outlook.
With the boost from its listing, IBI will press ahead with its industrial-internet strategy—integrating and upgrading traditional manufacturing—while aligning with national priorities in industrial e-commerce, industrial internet, supply-chain innovation, and the platform economy. The company is committed to helping manufacturers reduce costs and increase efficiency, supporting high-quality development and productivity transformation.