A New Year, A New Outlook: in December 2024, Beiyuan Group moved to Huangting Building in the heart of Futian CBD, Shenzhen. The move represents more than an upgrade in workspace; it marks a new strategic stage for the Group and a stronger platform for enabling digital transformation worldwide in 2025.
Since its founding in 2016, Beiyuan Group has grown rapidly with a drive to advance. From expanding across mainland China, Hong Kong, Taiwan and Singapore in 2018, to surpassing USD 100 million in annual revenue in 2020, securing WD's Asia-Pacific distributorship in 2022 and partnering with Samsung, Kioxia and SK Hynix in 2023, each step has been steady and decisive, building a competitive global product supply chain.
The past year was a year of breakthroughs and harvests for Beiyuan Group. We added a major strategic partner by joining forces with Essencore to expand the high-end storage market. Known for innovative technology and high-performance storage solutions, Essencore strengthens our enterprise storage portfolio and enables broader, better choices for customers.
Our brand portfolio expanded significantly in 2024 as Beiyuan Group secured distribution rights for leading Chinese technology brands including Unis Flash, Tengyin, Inspur and XFusion. This reflects our commitment to domestic technology development and creates a dual-engine portfolio combining top international manufacturers with leading Chinese brands to meet customers' needs for diversified and independently controllable solutions.
Annual revenue reached a new record of USD 250 million in 2024. Powered by strong strategic partnerships and an expanded product portfolio, Beiyuan Group maintained rapid business growth. This milestone reflects sustained performance gains since 2020 and the market's recognition of our technical expertise, supply-chain capabilities and service quality.
Our move to the modern offices and advanced facilities of Huangting Building in 2025 will provide strong support for innovation, collaboration and efficient operations. From this new platform, Beiyuan Group will continue its mission of connecting technology and enabling the future, using a stronger supply chain, broader product solutions and professional local teams to create value for partners and customers worldwide.
This relocation and the milestones behind it mark both the successful conclusion of one stage and the beginning of a new journey. Beiyuan Group looks forward to working with all partners from its new landmark location at Huangting Building to create the next chapter of success.