From September 10 to 11, the 2024 China Top 500 Enterprise Summit Forum hosted by the China Enterprise Federation and the China Entrepreneurs Association was held in Tianjin. The 2024 Top 500 Chinese Enterprises series list and analysis report were released during the forum.

Huitongda Network (9878.HK) ranked 296th in the “2024 Top 500 Chinese Enterprises”, an increase of 5 places over the previous year; it also ranked 100th in the “2024 China Top 500 Service Enterprises”, an increase of 2 places over the previous year.

Improve quality and efficiency, change and innovation

As an industrial Internet leader that is deeply involved in the sinking retail market, Huitongda Network empowers township couple stores through digital technology and supply chain capabilities. It now covers 21 provinces and 0.025 million townships in China, serving more than 0.246 million member retail stores.

At the end of 2023, an annual report card with over 82.4 billion in revenue was handed over. The 2024 interim results report, which has just been released, shows that the quality of Huitongda's network operations has been steadily improving.

Focusing on product supply chain capacity building, Huitongda Network is focusing on establishing cooperation with more leading brands, deepening implementation of leading strategies such as “production and marketing integration” and “own brand”, and continuing to expand cooperation with resource-based and regional retail enterprises to improve the efficiency of the entire industry chain.

Focusing on strengthening member service capabilities, Huitongda Network uses online and offline integrated methods to increase the digitalization and AI upgrading of SaaS+ products in terms of digital store management and accurate member empowerment. Through the township frontline “Iron Army” team, Huitongda Network continues to empower member store customers and help traditional township retail entities embrace the Internet and the community economy.

Comprehensive upgrade, win-win future

Under the “consumption decline” pattern where the income and consumption growth rate of residents in the sinking market is better than that of the urban market, Huitongda Network has achieved multi-dimensional growth for the enterprise itself and its partners by adjusting the industrial structure, improving operating efficiency, and promoting comprehensive business transformation and upgrading.

Xu Xiuxian, Party Secretary and President of Huitongda said that at present, Huitongda has fully entered the development stage of the new decade. Facing the ever-changing market environment, all Huitongda people will firmly establish the trifecta spirit of “entrepreneurship, innovation, and creation”, develop and expand the company's platform value and resource integration capabilities, and work with the upstream industry to build an innovative supply chain system that “works smoothly” for products from R&D, production to sales; work with member stores to build a digital terminal retail network that understands the needs of rural consumers.

“We will insist on using change and innovation as the driving force to promote the high-quality development of urban and rural circulation, help smooth the domestic economic cycle, and help the overall revitalization of the countryside.”