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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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.55B | 60.06B | 82.43B | 82.11B | 65.76B | 49.63B |
| Gross Profit | 2.30B | 2.31B | 2.74B | 2.59B | 1.87B | 1.34B |
| EBITDA | 622.77M | 578.47M | 1.13B | 536.79M | 524.36M | 586.31M |
| Net Income | 283.26M | 269.74M | 448.27M | 316.38M | -349.88M | -405.29M |
Balance Sheet | ||||||
| Total Assets | 31.05B | 28.49B | 29.11B | 29.39B | 25.60B | 21.70B |
| Cash, Cash Equivalents and Short-Term Investments | 7.94B | 7.07B | 7.03B | 8.26B | 5.67B | 5.55B |
| Total Debt | 1.57B | 1.40B | 701.80M | 816.64M | 254.31M | 389.42M |
| Total Liabilities | 21.21B | 18.88B | 19.62B | 19.78B | 27.32B | 23.74B |
| Stockholders Equity | 7.94B | 7.79B | 7.77B | 8.10B | -3.08B | -3.30B |
Cash Flow | ||||||
| Free Cash Flow | 438.85M | 247.40M | 437.85M | 218.42M | 1.34B | 444.69M |
| Operating Cash Flow | 438.85M | 275.28M | 470.81M | 273.36M | 1.37B | 472.26M |
| Investing Cash Flow | 858.62M | -880.08M | 942.85M | -1.04B | -2.29B | 2.14B |
| Financing Cash Flow | -809.77M | -363.00M | -1.75B | 1.82B | -686.14M | 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$8.07B | 18.52 | 6.90% | 3.47% | -17.90% | 56.67% | |
64 Neutral | HK$5.65B | 18.33 | 3.62% | ― | -28.46% | -13.25% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | HK$13.32B | 423.23 | 4.01% | ― | 115.40% | ― | |
59 Neutral | HK$12.19B | 54.69 | 8.42% | ― | 22.86% | 5105.88% | |
43 Neutral | HK$5.83B | -87.43 | -1.31% | 3.10% | -17.48% | 83.80% | |
40 Underperform | HK$204.96M | -0.59 | -16.28% | ― | -15.20% | -206.59% |
Huitongda Network Co., Ltd. Class H Corporate Events
Huitongda Network Co., Ltd. has obtained approval from the Hong Kong Stock Exchange for the listing and trading of 349,749,813 converted H shares under its H share full circulation plan, marking a key step in aligning its domestic and offshore share structure. The conversion involves 23 participating shareholders whose domestic shares will be converted into H shares, broadening the company’s free float in the Hong Kong market and potentially enhancing liquidity, investor access and the company’s capital markets profile for both existing and new stakeholders.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.
Huitongda Network Co., Ltd., a PRC-incorporated joint stock company listed in Hong Kong, operates as a network-based commercial services provider supporting retail and distribution channels across China. The company has received a filing notice from the China Securities Regulatory Commission confirming completion of the filing for the conversion of 349,749,813 domestic shares into H shares as part of its H share full circulation plan, valid for 12 months from 15 January 2026. Huitongda will now seek approval from the Hong Kong Stock Exchange for listing and trading of the converted H shares, though the detailed implementation plan for the conversion and listing has not yet been finalized. The initiative, which remains subject to additional regulatory procedures in Hong Kong and other jurisdictions, is expected to enhance liquidity and accessibility of the company’s shares for international investors, while shareholders and potential investors are cautioned about the remaining uncertainties in the process.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.
Huitongda Network Co., Ltd. has established an audit committee under its board of directors in accordance with PRC company law, Hong Kong Listing Rules, the Corporate Governance Code and related professional guidance, with the aim of strengthening board decision-making, enhancing internal controls and improving its overall corporate governance structure. The committee, composed entirely of non-executive directors with a majority of independent non-executive directors and chaired by an independent director, is mandated to review the company’s financial position and disclosures, oversee and liaise with external auditors, supervise internal audit and internal control systems, and conduct risk assessments on major investment projects, thereby centralising financial oversight and reinforcing protection for shareholders and other stakeholders.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$11.50 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.
Huitongda Network Co., Ltd. reported that shareholders at its second extraordinary general meeting of 2025 approved a series of corporate governance and financial restructuring measures. Investors voted overwhelmingly, with 100% of votes cast in favor, to abolish the board of supervisors, amend the company’s articles of association and procedural rules for both general meetings and the board of directors, and authorize the use of reserves to offset accumulated losses. The changes, backed by a turnout representing roughly 63% of voting share capital, are set to streamline the company’s governance structure and strengthen its balance sheet, potentially enhancing operational flexibility and aligning oversight mechanisms more closely with international capital market practices.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$11.50 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.
Huitongda Network Co., Ltd. has announced a discloseable transaction involving the acquisition of a 57% equity interest in a target company. The acquisition’s consideration was based on the appraised value of the target company’s equity and involved strategic negotiations. The valuation used an income approach, constituting a profit forecast under the Listing Rules, and was verified by KPMG. This acquisition is expected to enhance Huitongda’s strategic positioning and long-term growth prospects.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$11.50 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.
Huitongda Network Co., Ltd. has announced the convening of its 2025 second extraordinary general meeting to be held on December 19, 2025. The meeting will address several key resolutions, including the abolishment of the board of supervisors, amendments to the company’s articles of association, and the use of reserves to offset losses. These resolutions, if approved, could significantly impact the company’s governance structure and financial management strategies.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$11.50 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.
Huitongda Network Co., Ltd. has announced the dismissal of Ms. Ni Juan, who held the positions of vice president and secretary to the board. The decision was made after it was discovered that Ms. Ni had concealed past regulatory violations and failed to meet performance targets during her tenure. The company has confirmed that Ms. Ni no longer holds any senior management position, and the board has approved her dismissal.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$13.50 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.
Huitongda Network Co., Ltd., a joint stock company incorporated in China, announced the resignation of Ms. Xu Di as a non-executive director due to personal work reasons, effective November 19, 2025. The company confirmed there are no disagreements or additional matters to report regarding her departure, and expressed gratitude for her contributions.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$13.50 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.
Huitongda Network Co., Ltd. has announced the composition of its board of directors, detailing the roles and functions of each member. This announcement includes the establishment of five specialized committees, which are expected to enhance governance and strategic oversight, potentially impacting the company’s operational efficiency and industry positioning.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$13.50 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.
Huitongda Network Co., Ltd. announced a strategic financial decision to use its capital reserves to offset accumulated losses amounting to RMB2,065.456 million, primarily due to interest expenses from financial liabilities before its IPO. This move aims to strengthen the company’s financial foundation, enabling better conditions for future dividend distributions and enhancing shareholder value, pending approval at the upcoming general meeting.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$13.50 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.
Huitongda Network Co., Ltd., a joint stock company incorporated in the People’s Republic of China, has announced a significant acquisition. The company has entered into an Equity Acquisition Agreement to acquire 57% equity interest in a Target Company for RMB456 million, which will make the Target Company a subsidiary and consolidate its financial results into Huitongda’s financial statements. This acquisition is classified as a discloseable transaction under the Listing Rules, subject to certain conditions, and highlights Huitongda’s strategic expansion efforts.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$13.50 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.
Huitongda Network Co., Ltd., a joint stock company incorporated in the People’s Republic of China, has announced a significant corporate governance change. The company plans to abolish its Board of Supervisors, transferring its statutory powers and functions to the audit committee under the Board of Directors. This move, which requires shareholder approval at the upcoming general meeting, aims to streamline operations in accordance with the latest legal provisions and the company’s current situation. The changes will be effective upon approval, with existing regulations related to the Board of Supervisors being repealed.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$13.50 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.