EFuture Information Technology, the largest vendor of software to the mainland's retail industry, aims to maintain revenue growth at '50 to 70 per cent per year for the next three years, including acquisitions', chief executive Adam Yan said.
The company, which Mr Yan founded in 1997, makes core technology systems for retailers such as department stores, supermarkets and chain stores. Its systems are used in areas ranging from store management to finance, logistics, inventory control and customer relations management.
More than 30 of the top 100 retailers on the mainland, including China Resources Vanguard and Lianhua, are its clients. Others include B&Q-Kingfisher China, Gucci China, China Duty-Free Stores and Beijing Wangfujing Department Store Group.
The company also provides solutions for manufacturers such as Procter & Gamble and Johnson & Johnson and their distributors. It has more than 950 retailers and 200 distributors as clients. EFuture has 20 offices and over 600 staff.
Last year, sales reached US$11.53 million, up 76 per cent from 2006. The firm made a loss of US$3.8 million owing to the accounting treatment of its convertible bonds. Adjusted earnings before interest, tax, depreciation and amortisation rose 86.59 per cent to US$2.91 million.
The company expected sales to grow more than 65 per cent this year to between US$19 million and US$20 million, and adjusted ebitda at more than 72 per cent to between US$5 million and US$6 million.
