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Huitongda Network Co., Ltd. logo

Huitongda Network Co., Ltd.

9878.HK

HKSETechnologySoftware - Application

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Latest quote

HK$8.65

−HK$0.225 · -2.54%

Aug 24, 3:19 PM HKT

9878.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Huitongda Network Co., Ltd. operates a comprehensive e-commerce and support platform tailored for business clients within the retail sector. Its commerce division acquires a diverse range of goods, such as home appliances, electronics, agricultural supplies, automotive components, construction materials, and alcoholic beverages, directly from manufacturers. These products are then distributed to its network of wholesale partners and affiliated retailers via its proprietary HTD Mall online portal. The service segment delivers smart business and marketing Software-as-a-Service (SaaS) solutions, accessible through its "Super Boss" web platform and mobile application, which includes subscription services. Additionally, it provides various tailored merchant solutions and support for both retail outlets and wholesalers. Established in 2010, the company's main office is located in Nanjing, China.

Industry
Software - Application
Sector
Technology
Headquarters
CN
CEO
Xiuxian Xu
Listed since
Feb 18, 2022
Employees
3,493

Market position

Day range

Current HK$8.65

52-week range

Current HK$8.65

Open
HK$8.875
Previous close
HK$8.875
Volume
472.5K
0.28× average
Average volume
1.7M
Average daily volume
Market cap
4.78B HKD
Beta
0.13
Market reference 1
50-day average
HK$7.6759
+12.69% above average
200-day average
HK$8.5302
+1.40% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
12.79B CNY
EV / EBITDA
18.87×
Earnings yield
6.10%
Free cash flow yield
35.76%

Profitability & efficiency

Return on equity
3.74%
Return on assets
0.98%
Return on invested capital
2.29%

Financial health

Current ratio
1.34×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends5%3%1%-1%Gross margin, FY2021: 2.84%Gross margin, FY2022: 3.15%Gross margin, FY2023: 3.32%Gross margin, FY2024: 3.84%Gross margin, FY2025: 4.46%Operating margin, FY2021: 0.97%Operating margin, FY2022: 0.87%Operating margin, FY2023: 0.96%Operating margin, FY2024: 1.00%Operating margin, FY2025: 1.32%Net margin, FY2021: -0.53%Net margin, FY2022: 0.39%Net margin, FY2023: 0.54%Net margin, FY2024: 0.45%Net margin, FY2025: 0.57%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 2.84%. Gross margin FY2022 3.15%. Gross margin FY2023 3.32%. Gross margin FY2024 3.84%. Gross margin FY2025 4.46%. Operating margin FY2021 0.97%. Operating margin FY2022 0.87%. Operating margin FY2023 0.96%. Operating margin FY2024 1.00%. Operating margin FY2025 1.32%. Net margin FY2021 -0.53%. Net margin FY2022 0.39%. Net margin FY2023 0.54%. Net margin FY2024 0.45%. Net margin FY2025 0.57%.

Income trends

Revenue

52.3B CNY-12.92%

Operating income

692.02M CNY+15.74%

Net income

300.29M CNY+11.33%
Income trends across reported periods90.71B CNY57.6B CNY24.48B CNY−8.63B CNYRevenue, FY2021: 65.76B CNYRevenue, FY2022: 82.11B CNYRevenue, FY2023: 82.43B CNYRevenue, FY2024: 60.06B CNYRevenue, FY2025: 52.3B CNYOperating income, FY2021: 638.69M CNYOperating income, FY2022: 714.65M CNYOperating income, FY2023: 794.01M CNYOperating income, FY2024: 597.93M CNYOperating income, FY2025: 692.02M CNYNet income, FY2021: −349.88M CNYNet income, FY2022: 316.38M CNYNet income, FY2023: 448.28M CNYNet income, FY2024: 269.74M CNYNet income, FY2025: 300.29M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 65.76B CNY. Revenue FY2022 82.11B CNY. Revenue FY2023 82.43B CNY. Revenue FY2024 60.06B CNY. Revenue FY2025 52.3B CNY. Operating income FY2021 638.69M CNY. Operating income FY2022 714.65M CNY. Operating income FY2023 794.01M CNY. Operating income FY2024 597.93M CNY. Operating income FY2025 692.02M CNY. Net income FY2021 −349.88M CNY. Net income FY2022 316.38M CNY. Net income FY2023 448.28M CNY. Net income FY2024 269.74M CNY. Net income FY2025 300.29M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue52.3B CNY60.06B CNY82.43B CNY82.11B CNY65.76B CNY
Cost of goods sold49.97B CNY57.75B CNY79.69B CNY77.86B CNY63.9B CNY
Gross profit2.33B CNY2.31B CNY2.74B CNY2.59B CNY1.87B CNY
Research and development59.79M CNY67.07M CNY93.5M CNY113.23M CNY78.55M CNY
Selling, general, and administrative1.29B CNY1.44B CNY1.75B CNY1.76B CNY1.34B CNY
Operating expenses1.64B CNY1.71B CNY1.95B CNY1.87B CNY1.23B CNY
Interest income108.81M CNY163.95M CNY263.3M CNY225.87M CNY166.31M CNY
Interest expense190.52M CNY242.16M CNY259.46M CNY286.55M CNY879.29M CNY
Depreciation and amortization26.57M CNY26.21M CNY73.79M CNY70.29M CNY20.96M CNY
Operating income692.02M CNY597.93M CNY794.01M CNY714.65M CNY638.69M CNY
Net income300.29M CNY269.74M CNY448.28M CNY316.38M CNY−349.88M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 6 misses, 1 met estimate
Average EPS surprise
-46.14%
7 comparable reports
Latest EPS result
0.32
Estimate 0.66 · Miss by 51.12%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.810.610.410.21Q3 '23MissQ1 '24MissQ3 '24MissQ1 '25MissQ3 '25MissQ1 '26MissQ3 '26EstimateQ3 '26Estimate
Q3 2023, reported Aug 28, 2023: actual 0.476, estimate 0.767, surprise -38.01%, Miss. Q1 2024, reported Mar 27, 2024: actual 0.399, estimate 0.727, surprise -45.19%, Miss. Q3 2024, reported Aug 28, 2024: actual 0.247, estimate 0.705, surprise -64.95%, Miss. Q1 2025, reported Mar 27, 2025: actual 0.277, estimate 0.698, surprise -60.37%, Miss. Q3 2025, reported Aug 28, 2025: actual 0.263, estimate 0.718, surprise -63.37%, Miss. Q1 2026, reported Mar 30, 2026: actual 0.323, estimate 0.66, surprise -51.12%, Miss. Q3 2026, reported Aug 28, 2026: actual —, estimate 0.66, surprise —, Comparison unavailable. Q3 2026, reported Sep 2, 2026: actual —, estimate 0.758, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates54.13B44.29B34.44B24.59BQ3 '23MissQ1 '24MissQ3 '24MissQ1 '25MissQ3 '25MissQ1 '26BeatQ3 '26EstimateQ3 '26Estimate
Q3 2023, reported Aug 28, 2023: actual 46.88B HKD, estimate 51.1B HKD, surprise -8.27%, Miss. Q1 2024, reported Mar 27, 2024: actual 42.97B HKD, estimate 52.05B HKD, surprise -17.46%, Miss. Q3 2024, reported Aug 28, 2024: actual 35.3B HKD, estimate 45.78B HKD, surprise -22.89%, Miss. Q1 2025, reported Mar 27, 2025: actual 28.95B HKD, estimate 38.59B HKD, surprise -24.97%, Miss. Q3 2025, reported Aug 28, 2025: actual 26.67B HKD, estimate 46.07B HKD, surprise -42.11%, Miss. Q1 2026, reported Mar 30, 2026: actual 31.11B HKD, estimate 27.16B HKD, surprise +14.56%, Beat. Q3 2026, reported Aug 28, 2026: actual —, estimate 42.13B HKD, surprise —, Comparison unavailable. Q3 2026, reported Sep 2, 2026: actual —, estimate 48.64B HKD, surprise —, Comparison unavailable.

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ETFs holding 9878.HK

Funds reporting this stock among their holdings, ordered by reported position size.

State Street SPDR S&P Emerging Markets Small Cap ETF logoState Street SPDR S&P Emerging Markets Small Cap ETFEWX
Market value
48.47K
Weight
0.01%
AUM
685.65M USD
Expense ratio
0.65%
Price / 1D
$72.22+0.25%
State Street SPDR S&P China ETF logoState Street SPDR S&P China ETFGXC
Market value
18.31K
Weight
0.00%
AUM
474.65M USD
Expense ratio
0.59%
Price / 1D
$91.50+0.51%

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