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Recently, the 2016 Membership Assembly of B2B Industry Branch of China Electronic Commerce Association and the 3rd B2B E-Commerce Convention were held at Shanghai Everbright Convention and Exhibition Center. Far East Maimaibao Network Technology Co., Ltd., a subsidiary of Far East Smarter Energy Co., Ltd. (Abbreviation: Smarter Energy, Stock code: 600869), was named one of the top 100 B2B Enterprises of 2016. Famous enterprises like Alibaba and HC International, Inc. were also on the top 100 list.
It is said that at Symposium on Cybersecurity and Informatization, President Xi Jinping emphasized that we should make rigorous efforts to integrate the Internet more deeply into the real economy, use information flows to facilitate the flow of technology, capital, talent, and materials, improve resource allocation and increase total factor productivity, so as to promote innovation, transform the economic development model, and restructure the economy.
Www.mmbao.com, the B2B website owned by Smarter Energy (600869), is a leading model that applies “Internet+” model to facilitate the development of brick-and-mortar enterprises in electric wires, cable and electric engineering and equipment industry, and has significantly promoted the development of brick-and-mortar enterprise.
Maimaibao Witnesses Continuous and Fast Growth, Improving the Performance of the Listed Company
Data show that www.mmbao.com, founded in September of 2011, is an e-commerce trading platform of electric wires, cables and electric engineering and equipment mainly in B2B trading model. It provides a platform for enterprises of electric wires, cables and electric engineering and equipment to sell and adjust their inventories, and commits itself in providing enterprises of electric wires, cables and electric engineering and equipment , franchisers and terminal clients with a one-stop solution of purchasing, sales, payment, logistics, quality test, after-sales services and financial services.
Financed by Smarter Energy (600869), a listed company, Maimaibao develops fast and has become a global vertical e-commerce platform of electric wires, cables and electric engineering and equipment with industrial support after five years’ development. Sun Lu, General Manager of Maimaibao, said at the conference that currently Maimaibao had cooperated with 300 exclusive shops and 1,200 professional salesmen, and had 10,000 excellent suppliers and 40,000 corporate members that had conducted trading on Maimaibao. Maimaibao provided services for more than 1,000 clients on a single day and kept a high repurchasing rate. Data show that from January to September in 2016, the sales volume of Maimaibao reached RMB 3,277 million, an increase of 56.64% over the previous year, and its net profit was RMB 42,809,200, an increase of 15.75% over the previous year.
The research report of Northeast Securities showed that Maimaibao provided a trading platform for bulk commodities, which met the urgent needs of medium size and small cable enterprises and solved the problems like mismatching purchasing information, poor bargaining ability. Meanwhile, its real-time trading similar to stock exchange improved the transparency of trading and made the trading more lively. In the future, it could increase its profit through such traditional items as handling charge and annual fee, and by reusing the precipitation funds.
In terms of its future development, Sun Lu said that Maimaibao would focus on providing SaaS services and connect 10,000 upstream clients and 20,000 downstream clients with the model of information + trade +services.
Accelerated Implementation the Internet+ Strategy to Foster New Profit Growth Point
It is worth noticing that in order to further consolidate the opportunity of integrated development of Internet and bulk commodities and make the platform of bulk commodities trading bigger and stronger, Smarter Energy (600869) increased RMB 100 million investment to make China Materials Exchanging Center independent from Maimaibao and set up Far East Material Trading Center which involves trading of bulk commodities of such categories as metallic ore, energy and chemical industry and rare metals. The research report of Zheshang Securities pointed out that the separate opening of Far East Material Trading Center would arouse the initiative of operation teams, expand trading platform, increase trading volume and create profit growth points for the company’s long-term operation.
The independent operation of commodities exchange signifies the accelerating implementation of the company’s “Internet+” strategy. The research report of Northeast Securities showed that with the users accumulated from the implementation of “one network and two platforms” strategy, the trading center became a key method for users’ realization. Since the company started to implement the “one network and two platforms” strategy in 2011, China Materials Exchanging Center and Maimaibao had seen fast growth of new users, showing outstanding business performance. The company not only accumulated huge customer resources, but also got rich operation experience of trading platform. The trading platform for bulk commodities that the company had set up enjoyed good user-base, favorable policies and low operation risk. What’s more, its trading categories had been expanded to a larger range from cable material only and it was a key method for users’ realization in the future.
Public data show that the “China’s Top 100 B2B Enterprises”, the big list of B2B industry, has been published for three times and the rank is calculated scientifically by analyzing the data of such factors as news, revenue+GMV, page view, financing and network voting. This list almost covers all kinds of B2B enterprises and it is worth referring to with its comparatively scientific data and precise calculation.
