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Huitongda Network Co., Ltd. Class H
(9878)
Huitongda Network Co., Ltd. Class H (9878) vs. iShares MSCI Hong Kong ETF (EWH)
Huitongda Network Co., Ltd. Class H Business Overview & Revenue Model
Huitongda Network Co., Ltd. Class H Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 60.06B | 82.43B | 80.35B | 65.76B | 49.63B | Gross Profit |
| 2.31B | 2.74B | 2.50B | 1.87B | 1.34B | EBIT |
| 597.92M | 794.01M | 663.12M | 638.69M | 406.76M | EBITDA |
| 578.47M | 1.13B | 1.01B | 745.85M | 586.31M | Net Income Common Stockholders |
| 269.74M | 448.27M | 316.38M | -177.05M | -279.99M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 7.07B | 7.03B | 8.26B | 5.67B | 5.55B | Total Assets |
| 28.49B | 29.11B | 29.39B | 25.60B | 21.70B | Total Debt |
| 1.40B | 701.80M | 816.64M | 254.31M | 389.42M | Net Debt |
| -1.38B | -3.05B | -3.27B | -2.71B | -3.93B | Total Liabilities |
| 18.88B | 19.62B | 19.78B | 27.32B | 23.74B | Stockholders Equity |
| 7.79B | 7.77B | 8.10B | -3.08B | -3.30B |
| Cash Flow | Free Cash Flow | |||
| 247.40M | 437.85M | 218.42M | 792.52M | 444.69M | Operating Cash Flow |
| 275.28M | 470.81M | 273.36M | 815.01M | 472.26M | Investing Cash Flow |
| -880.08M | 942.85M | -1.04B | -1.54B | 2.14B | Financing Cash Flow |
| -363.00M | -1.75B | 1.82B | -628.56M | 537.62M |
Huitongda Network Co., Ltd. Class H Technical Analysis
Huitongda Network Co., Ltd. Class H Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$8.41B | 28.51 | 3.47% | ― | -28.64% | -40.36% | |
55 Neutral | $3.08B | 4.59 | -5.40% | 6.77% | 8.17% | -52.13% | |
| $925.72M | 61.11 | 7.04% | ― | ― | ― | ||
| €908.53M | 12.26 | 8.12% | 3.18% | ― | ― | ||
63 Neutral | HK$7.20B | 152.72 | 6.56% | ― | 78.59% | ― | |
47 Neutral | HK$4.74B | ― | -3.94% | 3.95% | -14.05% | 68.56% | |
41 Neutral | HK$562.76M | 2.14 | -3.10% | ― | -21.51% | -116.36% |
Huitongda Network Co., Ltd. Class H Corporate Events
Huitongda Network Co., Ltd. has announced a plan to repurchase up to 10% of its H shares, with a maximum aggregate repurchase amount of RMB500,000,000. This move, reflecting the company’s confidence in its future development and long-term value, aims to enhance shareholder value and is aligned with its strategic focus on digital transformation and supply chain innovation.
Huitongda Network Co., Ltd., a joint stock company incorporated in the People’s Republic of China, announced the roles of its members for the fourth session of its board. The company has appointed Mr. Wang Jianguo as the chairman of the board and Mr. Wang Xinghua as the chairman of the board of supervisors, with their terms commencing on May 21, 2025. These appointments are expected to strengthen the company’s governance structure and strategic direction.
Huitongda Network Co., Ltd. announced the composition of its board of directors, highlighting the roles and functions of each member. This announcement outlines the leadership structure and specialized committees, which are crucial for the company’s governance and strategic decision-making processes.
Huitongda Network Co., Ltd. has announced the grant of 18,000,000 options under its 2024 H Share Option Scheme to 39 selected grantees, including employee participants and service providers. The options, which have an exercise price of HK$19.300 per H Share, are subject to performance targets and a clawback mechanism, and are set to vest in stages from 2026 to 2028. This initiative aims to incentivize performance and align the interests of employees and service providers with the company’s growth objectives.
Huitongda Network Co., Ltd. held its 2024 Annual General Meeting (AGM) where shareholders approved all proposed resolutions, including work reports and financial budgets for 2024 and 2025. The meeting saw significant shareholder participation, with 81.47% of total issued shares represented. The approval of these resolutions is expected to positively impact the company’s strategic direction and operational efficiency, reinforcing its position in the industry.
Huitongda Network Co., Ltd. has established a Nomination Committee to oversee the selection and appointment of directors and senior management, aiming to improve corporate governance. The committee will focus on criteria such as culture, education, and experience, and will also review board composition and independence of directors, ensuring alignment with the company’s strategic goals.
Huitongda Network Co., Ltd. announced the disposal of a 26.7143% equity interest in its subsidiary, Huitone Datatech, to Nanjing Huidefu for RMB25,378,585. Despite this transaction, Huitongda will retain a 51% stake in Huitone Datatech, ensuring it remains a subsidiary and its financial results continue to be consolidated into Huitongda’s financial statements. This transaction is classified as a connected transaction under Hong Kong’s Listing Rules due to the involvement of Mr. Sun Chao, an executive Director of Huitongda, who holds a significant interest in Nanjing Huidefu.
Huitongda Network Co., Ltd. has announced its 2024 Annual General Meeting (AGM) to be held on May 21, 2025, in Nanjing, China. The AGM will address several key resolutions, including the approval of various 2024 reports, the 2025 financial budget, and the 2024 profit distribution plan. Additionally, the meeting will involve the election of directors and supervisors for the company’s board, decisions on bank credit, financing guarantees for subsidiaries, and the acquisition of wealth management products. These resolutions are expected to shape the company’s strategic direction and financial management for the upcoming year.
Huitongda Network Co., Ltd. announced that the newly imposed US tariffs on imports will not directly affect its operations, as the company does not export goods to the US and sources its products domestically. The company plans to leverage national strategies to enhance the rural retail ecosystem through digital technology and supply chain capabilities, aiming to contribute to urban-rural economic development and provide sustainable returns to shareholders.
Huitongda Network Co., Ltd. has established a Sustainable Development (ESG) Committee within its Board to focus on sustainable development and ESG matters. This committee is tasked with developing strategies and management systems in line with the company’s strategic planning needs, identifying key stakeholders, assessing risks and opportunities, and ensuring compliance with relevant regulations. The creation of this committee is aimed at promoting the company’s sustainable and high-quality development, potentially impacting its operations and industry positioning positively.
Huitongda Network Co., Ltd. held its 2025 first extraordinary general meeting (EGM) where all proposed resolutions were approved by shareholders. The resolutions included changes in the use of proceeds from the initial public offering, the 2025 development and investment plan, and the election of a new non-executive director, Ms. Xu Di. The approval of these resolutions indicates strong shareholder support and is expected to positively impact the company’s strategic direction and governance.
Huitongda Network Co., Ltd. has announced the list of its board of directors and their roles within the company. The announcement outlines the composition of the board, including executive, non-executive, and independent non-executive directors, and details the specialized committees each director is involved with. This organizational update is likely to impact the company’s governance and strategic direction, potentially influencing its operations and stakeholder relations.
Huitongda Network Co., Ltd. announced its audited consolidated results for 2024, reporting significant growth in profitability and a strategic shift towards high-margin businesses. The company achieved an operating revenue of RMB60.059 billion and a net profit of RMB462 million, driven by strategic upgrades, business structure optimization, and enhanced digitalization capabilities, laying a foundation for future high-quality development.
Huitongda Network Co., Ltd. has announced the proposed election of directors and supervisors for the fourth session of its board, following the expiration of the current term. The company plans to elect nine directors and three supervisors, with the new appointments to be approved at the 2024 annual general meeting. This re-election aims to ensure continuity and adherence to relevant laws and the company’s articles of association, with all current board members continuing their duties until the new appointments are finalized.
Huitongda Network Co., Ltd. has announced the establishment of a Sustainable Development (ESG) Committee to improve its governance structure and enhance the quality of its ESG-related work. This move, effective from March 27, 2025, involves the appointment of Mr. Wang Jianguo as the chairman, with Mr. Xu Xiuxian and Mr. Sun Chao as members, aiming to strengthen the company’s focus on sustainable development and ESG matters.