公司的零售数字化业务始于与物美集团的合作，其为中国领先零售商、于往绩记录期间的最大客户。如今，公司为各种规模及业态的客户开发了零售数字化解决方案，涵盖了本地的零售业务，从采购及供应链管理、门店及总部管理到营销及全渠道销售，适用于多种零售业态，从连锁超市、仓储式超市、百货商店到便利店、专卖零售商及新业态零售商应有尽有，如会员商店及折扣商店。Hong Kong Exchange disclosed on October 30th that Multipoint Intelligent Co., Ltd. (referred to as Multipoint Intelligent) submitted an application for listing on the Hong Kong Exchange main board.
According to the China Fortune Financial APP, Multipoint Intelligent Co., Ltd. (referred to as Multipoint Intelligent) submitted an application for listing on the Hong Kong Exchange main board, with China Merchants Securities International, China Everbright International, and UBS Group as joint sponsors.
The prospectus shows that Multipoint Intelligent mainly provides digital retail solutions for local retailers in the retail industry. Local retail refers to the business of selling goods to nearby consumers through offline or online channels. The company has successfully expanded its operations to other countries and regions in Asia, including the Hong Kong Special Administrative Region, Cambodia, Singapore, Malaysia, Macau Special Administrative Region, Indonesia, the Philippines, and Brunei. According to Frost & Sullivan data, in 2023, the company is the largest provider of digital retail solutions in China and a leading provider of digital retail solutions in Asia based on revenue. A digital retail solution provider is a company that provides digital products and services aimed at enhancing the operations and digitization of local retailers.
The company's digital retail business began with cooperation with Wumart Group, a leading retailer in China and its largest customer in past performance periods. Today, the company has developed digital retail solutions for customers of various sizes and formats, covering local retail businesses, from procurement and supply chain management, store and headquarters management to marketing and omnichannel sales, suitable for various retail formats including chain supermarkets, warehouse-style supermarkets, department stores, convenience stores, specialty retailers, and emerging retail formats such as member stores and discount stores.
The company also provides services to other large retailers such as Chongqing Department Store Group, Yinchuan New Hualian Group, Metro operated by DFI Retail Group, and well-known brands such as Watsons, Mannings, Jiannan Pharmacy, Giant Supermarket, and 7-Eleven (Hong Kong). The company currently covers all major retail formats, such as convenience stores, department stores, supermarkets, and specialty retailers, helping our expanding customer base respond to changing market challenges and provide quality services to consumers. As of the fiscal years ended December 31, 2021, 2022, 2023, and the six months ended June 30, 2024, the company has served 236, 436, 533, and 444 customers respectively, proving our success.
In Asia, the local retail industry has shown stable development in the past few years. According to Frost & Sullivan data, the market size of the local retail industry in Asia increased from RMB 30 trillion in 2018 to RMB 31.1 trillion in 2023, with a compound annual growth rate of 0.8%. It is expected that from 2024 to 2028, the market size of the local retail industry in Asia (measured by sales) will rebound, with a compound annual growth rate of 1.4%, reaching RMB 33.5 trillion in 2028.
In terms of the digitalization rate of local retail in China and Asia in 2023 were 3.1% and 4.5% respectively, much lower than the 13.3% in the USA. In 2023, the digitalization rates of other industries in China (such as e-commerce, dining, and transportation) were 7.7%, 5.1%, and 7.1% respectively, significantly higher than the 3.1% in the local retail industry. With the increasing demand from local retailers, digital-related information technology spending is expected to increase by a compound annual growth rate of 5.7% from 2024 to 2028, while the equivalent rate in the USA for the same period is 2.6%.
On the financial side, Dianzhong Zhi achieved revenues of approximately 0.196 billion yuan, 0.172 billion yuan, 0.164 billion yuan, 76.721 million yuan, and 41.781 million yuan respectively in the fiscal years 2021, 2022, 2023, the six months ended June 30, 2023, and the six months ended June 30, 2024; during the same period, the company achieved gross profits of approximately 0.185 billion yuan, 16.4 billion yuan, 0.158 billion yuan, 75.249 million yuan, and 39.271 million yuan respectively.
