方正证券指出，公司作为专注于下沉零售市场的交易和服务平台，覆盖全国21 个省份，并拥有近3000名一线地推服务团队。在国家鼓励家电和新能源汽车等以旧换新的政策推动下，公司积极响应国家号召，深入开展以旧换新等惠民活动，激活并释放下沉市场的消费需求。考虑到公司主营业务与以旧换新政策涉及品类相似，该行认为受相关政策利好，公司后续营收有望稳健增长，盈利能力将进一步改善。Huitongda Net (09878) rose more than 9%, rising 9.64% as of the time of publication, closing at 21.6 Hong Kong dollars, with a turnover of 6.2934 million Hong Kong dollars.
According to the Wisdom Finance APP, Huitongda Net (09878) rose more than 9%, rising 9.64% as of the time of publication, closing at 21.6 Hong Kong dollars, with a turnover of 6.2934 million Hong Kong dollars.
On the news side, in the first half of this year, Huitongda Net achieved revenue of 32.86 billion yuan, gross profit of 1.15 billion yuan, and adjusted net income attributable to mothers exceeding 0.125 billion yuan. During the period, the operating quality steadily improved, with a gross margin increase of 0.5 percentage points, and achieved a consistently positive operating cash flow exceeding 0.248 billion yuan. As of June 2024, the cash on hand (time deposits, pledged deposits, and cash equivalents) amounted to 9.9 billion yuan. As of June 2024, the company had accumulated over 0.246 million registered member retail stores, a year-on-year increase of 13.2%, with over 0.092 million active member retail stores, a year-on-year increase of 19.3%, and the percentage of member retail store revenue rising to 43.8%.
Founder Securities pointed out that as a trading and service platform focusing on the sinking retail market, the company covers 21 provinces nationwide and has nearly 3000 frontline ground promotion service teams. With the national encouragement of policies such as replacing old appliances and new energy vehicles, the company actively responds to the national call, deeply carries out activities such as exchanging old for new to benefit the people, activating and unleashing the consumption demand in the sinking market. Considering that the company's main business is similar to the product categories involved in the policy of replacing old with new, the bank believes that with the favorable policies, the company's subsequent revenue is expected to grow steadily, and profitability will be further improved.
