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EQS via SeaPRwire.com / 2026-03-31 / 15:21 UTC+8 3月30日，匯通達網絡（9878.HK）發布2025年度業績公告。 2025年，是匯通達深化變革、邁向高質量發展的關鍵之年。公司主動推進戰略升級，整體經營質量大幅提升，實現營業收入523億元，凈利潤達5.3億元、同比增長14.6%，歸母凈利潤達3億元、同比增長11.3%，毛利率提升至4.5%、同比增幅達18%，經營性現金流凈流入4.2億元，連續7年保持正流入。 毛利率、凈利潤率、歸母凈利潤率三項核心財務指標創下歷史最高水平，核心盈利指標均實現逆勢增長，印證了匯通達戰略升級後在經營質量與盈利能力上的持續提升，標誌著公司已進入「增利提質、蝶變升級」的高質量發展新週期。 增利提質，戰略升級成果顯現，盈利質量顯著提升 業績公告顯示，匯通達2025年以利潤和現金流為核心，集中資源佈局高增長「科技賦能」「智慧供應鏈」等賽道，在四大維度取得突破性進展。 一是智慧供應鏈能力顯著提升。匯通達在多行業構建「反向+短鏈+數字化」的高效供應鏈體系，發布並推進「品牌直通車」「自有品牌生態群」「開放式智慧供應鏈平台」三項工程。其中，行業頭部品牌「新品季」銷售毛利率提升30%、單店（會員店）銷售增長超40%；日化快消、適老健康等新品類收入同比提升超50%，匯通達自有品牌銷售額突破1.4億元，同比增長37%、毛利率超40%。 二是AI產品開發應用成效顯著。公司深化「AI+產業」智能化升級，匯通達基於零售場景的「千橙雲AI智能大模型」通過國家網信辦備案，並與阿里雲達成「全棧AI全面合作」，全年AI收入「從零到有」突破1億元，佔服務收入比重近20%。目前，零售門店和供應鏈客戶能夠通過「千橙AI超級店長APP」和「千橙AI門戶」（ai.qcos.cn）等多端口便捷、低門檻地使用各類智能體，助力商品採購、電商直播、社群營銷等多場景的經營管理。 三是新零售業態佈局取得突破。匯通達正式進入快消硬折扣連鎖領域，首批硬折扣超市於2025年12月同步開業，標誌著匯通達完成「從下沉市場到全域市場」「從to b到to b+to c」「從三高類（商品價值高、體驗要求高、售後服務要求高）商品到全品類商品」的三重升級，開闢了新的增長曲線。 四是「產業+資本」雙輪驅動落地。匯通達一方面深耕產業建設，一方面加速對優質高價值標的的投資併購，取得突破成果。收購高端製造業A股上市公司金通靈25%股份，成為金通靈控股股東，構建「大消費+智能製造」雙產業格局；同時收購電商AI頭部企業認知邊界57%股權，根據公司公告，認知邊界預計未來三年歸母凈利潤分別不低於8500萬元、1億元、1.15億元。通過戰略性收購，匯通達搭建起「大消費+智能製造+AI技術」的新三駕馬車，為公司未來發展注入新的增長引擎。 蝶變升級，四大工程引領未來發展，價值釋放加速開啟 在「激活下沉市場」「堅持擴大內需」「優化提升傳統產業」「培育壯大新興產業和未來產業」等「十五五」規劃引領的新時期，匯通達將依託下沉市場護城河，著眼以「創新供應鏈」與「人工智能+」賦能城鄉零售實體、供應鏈夥伴、產業上游工廠與前沿科技企業，堅實落地四大創新工程，加速邁向價值創造新階段。 加快佈局零售連鎖與大快消行業。2026年初，匯通達已與行業知名的量販零食品牌零食優選達成戰略合作，共同運營零食優選全國2800多家門店。未來，匯通達還將以自營、合資、併購等多種形式快速拓展規模，通過「供應鏈+AI」的雙賦能體系，佈局硬折扣連鎖、量販零食、社區生活超市、便利店等多業態，快速躋身行業第一梯隊，打造新的增長引擎。 聚焦AI應用場景。圍繞零售行業經營全鏈路，匯通達將深化打造「AI+數智化+軟硬一體」的賦能體系，一方面強化垂直大模型底座，一方面加快智能體、機器人等產品和應用的研發與商業化進程，賦能服務覆蓋會員店、零售連鎖門店、電商商家等多場景客群，持續提升公司技術壁壘與服務能力。 打造智能科技服務平台。匯通達（及旗下子公司「居家運通」）依託與頭部品牌（ Apple 等）長期深度合作的全鏈路科技產品服務能力，全面升級打造「智能科技產品服務平台」，助力具身智能、腦機科學等前沿科技成果的市場化、規模化轉化，為硬科技企業提供全周期的商業化服務。 打造以快消品為核心的創新供應鏈平台。匯通達將持續深化「自有品牌生態群」「品牌直通車」等工程，在產業鏈通過集採、定製、自有品牌等模式，利用「AI+大數據」手段，持續優化供需效率；在零售端通過覆蓋連鎖終端、私域、即時零售等多場景，成為服務全渠道、適配新消費的創新供應鏈服務平台。 2025年，公司已完成資本公積彌補虧損，掃清分紅障礙。2026年將做好統籌規劃，兼顧長遠發展與股東權益，不斷完善利潤分配機制，積極通過現金分紅等方式與全體股東共享發展成果。同時，公司已啟動H股回購，將持續視市場情況靈活運用回購等工具，回饋股東信任。 2026年，是匯通達從戰略升級邁向價值釋放的關鍵之年。匯通達將依託下沉市場護城河，在人工智能技術革命、新零售業態變革、產業資本的多重驅動下，以AI重塑運營效率，以供應鏈能力創造產業價值，以零售連鎖開拓增量空間，並貫徹「產業+資本」戰略，推動更多零售連鎖、AI垂直應用、科技服務平台、創新供應鏈等方向的優質項目併購。在推動科技創新與產業創新深度融合、促進消費市場循環暢通、助力鄉村全面振興的時代浪潮中，為合作夥伴與社會創造可持續的長期價值。 2026-03-31 此財經新聞稿由EQS via SeaPRwire.com轉載。本公告內容由發行人全權負責。瀏覽原文: http://www.todayir.com/tc/index.php

EQS via SeaPRwire.com / 31/03/2026 / 15:21 UTC+8 On March 30, Huitongda Network (9878.HK) announced its 2025 annual results. 2025 marked a pivotal year for Huitongda as it executed strategic upgrades and deepened its transformation, steering the Company toward high-quality development. The Company significantly improved its operating quality, with revenue for the year reaching RMB52.3 billion and profit rising 14.6% year-on-year (“yoy”) to RMB529 million. Gross profit margin increased by 18% yoy to 4.5%, while profit attributable to equity shareholders of the Company rose 11.3% yoy to RMB300 million. The Company also recorded net cash generated from operating activities of RMB419 million for the year, maintaining positive operating cash inflow for seven consecutive years. The three key financial indicators, namely gross profit margin, net profit margin, and net profit margin attributable to equity shareholders of the Company, all reached historical highs, fully demonstrating the continuous improvement in operational quality and profitability despite notable operational challenges and macro headwinds. In fact, the continuous improvement in operational quality and profitability following the strategic upgrades also marked the Company's entry into a new cycle of high-quality development, characterized by enhanced profitability, improved operating quality, and transformational upgrade. Enhancing Profitability and Quality: Strategic Upgrade Delivering Solid Results According to the results announcement, with profit and cash flow as its key priorities for the year, Huitongda focused its resources on high-growth sectors such as "technology-enabled" and "smart supply chain", achieving breakthrough progress across four key dimensions. In terms of building a smart supply chain, Huitongda has built an efficient supply chain system featuring reverse customization, short-chain distribution, and digitalization across multiple industries, launching three major projects, including the "Brand Express", "Self-owned Brand Ecosystem Development", and "Open-Platform Smart Supply Chain System". Benefiting from these initiatives, the gross profit margin of TOP brands increased by approximately 30% during the new product launch season, and the sales per store (member stores) increased by more than 40%. Meanwhile, revenue of new product categories such as fast-moving consumer goods and senior-friendly health products increased by more than 50% yoy. Sales of Huitongda's self-owned brands also exceeded RMB140 million, representing a yoy increase of 37%, with gross profit margin exceeding 40%. The Group also delivered outstanding results in the development and application of its AI products. To advance the smart upgrade of "AI + industries", the Company launched its retail-scenario-based "Qiancheng Cloud AI" vertical model, with the model completing the filing with the Cyberspace Administration of China during the year. The Company also reached a full-stack comprehensive AI cooperation with Alibaba Cloud, further expanding its offerings and boosting its AI-related revenue from zero to over RMB100 million, accounting for approximately 20% of total service revenue. Currently, retail stores and supply chain customers can conveniently utilize various intelligent agents through multiple platforms, such as the "Qiancheng AI Super Store Manager APP" and the "Qiancheng AI Portal" (ai.qcos.cn), supporting a wide range of operational tasks, including merchandise sourcing, e-commerce livestreaming and community marketing. In terms of new retail formats, Huitongda made significant breakthroughs by tapping into FMCG discount business, officially entering the retail chain sector through "hard-discount supermarkets". The first batch of hard-discount supermarkets opened in December 2025, marking the completion of major upgrades for Huitongda: from lower-tier markets to the broader nationwide market, from a pure "to-B" model to a "to-B plus to-C" model, and from a primary focus on high-value products that require strong customer experience and after-sales service (the so-called “three-high” categories) to a comprehensive product portfolio, creating a new growth driver in the process. Under the dual drivers of "Industry + Capital", Huitongda saw significant breakthroughs during the year, expanding its industrial footprint while expediting investments and acquisitions of high-quality and value-creating assets. Specifically, the Company acquired a 25% equity interest in A-share listed company Jin Tong Ling, a high-end manufacturer, and became its controlling shareholder, in an attempt to bridge “large consumption + intelligent manufacturing”. It also acquired a 57% equity interest in Boundary Consulting, a leading e-commerce AI company. According to the Company’s previous announcement, Boundary Consulting is expected to record net profit attributable to shareholders of no less than RMB85 million, RMB100 million and RMB115 million in the next three years, respectively. Through these strategic acquisitions, the Company has established a new growth framework of “large consumption + intelligent manufacturing + AI technology”, injecting fresh momentum into its future development. Driving Transformational Upgrades: Four Major Innovative Projects to Lead Future Growth, Accelerating Value Realization In the new era guided by the "15th Five-Year Plan", which emphasizes strategies such as "rejuvenating the lower-tier markets", "persistently expanding domestic demand", "optimizing and upgrading traditional industries", and "cultivating and expanding emerging and future industries", Huitongda will leverage its competitive advantage in the lower-tier markets to empower physical retail operators in urban and rural areas, supply chain partners, upstream manufacturers, and cutting-edge technology enterprises through "innovative supply chains" and "AI+", advancing its four major innovation initiatives and accelerating its transition into a new phase of value creation. First is to accelerate its development in retail chains and fast-moving consumer goods. In early 2026, Huitongda reached a strategic cooperation with the leading discount snack chain Ling Shi You Xuan (零食優選) to jointly operate its more than 2,800 stores nationwide. Going forward, Huitongda will rapidly expand its footprint through self-operation, joint ventures, mergers and acquisitions and other expansion models. By leveraging its supply chain and AI capabilities, the Company will strive to move rapidly into the industry’s leading tier, establishing presence and creating a new growth driver through hard-discount chains, bulk snack stores, community supermarkets, and convenience stores. Second is to focus on growing AI applications. Targeting the full value chain of retail operations, Huitongda will continue to strengthen its system and empowerment capabilities, focusing on "AI + Digital Intelligence + Hardware-Software Integration". On one hand, the Company will further strengthen the foundation of its vertical large model; on the other hand, it will accelerate the R&D and commercialization of AI agents, robots and other products and applications, so as to strengthen its technological entry barrier and servicing capability, and empower member stores, retail chain outlets and e-commerce merchants across multiple scenarios. Third is to build an intelligent technology services platform. Leveraging the end-to-end service capabilities for technology products developed through Huitongda's long-term and in-depth cooperation with leading brands such as Apple, along with the capabilities of its subsidiary Jujia Yuntong (居家運通), the Company is comprehensively upgrading its capabilities to build an “Intelligent Technology Product Services Platform”. The platform is expected to drive the market-oriented and scaled commercialization of cutting-edge technologies, such as embodied intelligence and brain-computer interface technologies, while providing full-cycle commercialization services for hard-tech enterprises. Fourth is to build an innovative supply chain platform centered on fast-moving consumer goods. Huitongda will continue to advance projects such as "Self-owned Brand Ecosystem Development" and "Brand Express", in an attempt to raise supply chain efficiency through centralized procurement, customization, self-owned brand development, AI, and big data applications. At the retail end, by covering various consumption touch points such as chain stores, private-domain channels and instant retail, it also aims to become an innovative supply chain service platform, serving all channels and adapting to new consumption patterns. In 2025, Huitongda has also completed the use of reserves to offset losses, clearing the obstacles for dividend distribution. In 2026, by balancing long-term development with shareholder interests, the Company will make comprehensive plans to continuously improve its return mechanism, actively sharing the development results with its shareholders through cash dividends and other means. At the same time, the Company has initiated an H-share buyback program and will strive to reward shareholders' trust by flexibly using buybacks and other tools based on prevailing market conditions. 2026 will be a critical year for Huitongda, marking its transition from strategic upgrades to value realization. Leveraging its strong position in lower-tier markets, and driven by the AI technology revolution, the transformation of new retail formats, and industrial capital, the Company will use AI to enhance operating efficiency, create industrial value through its supply chain capabilities, and unlock incremental growth through retail chains. At the same time, Huitongda will continue to advance its “Industry + Capital” strategy and pursue more high-quality M&A opportunities across retail chains, AI vertical applications, technology service platforms and innovative supply chains. Against the backdrop of deeper integration between technological and industrial innovation, improving circulation in the consumer market, and continued support for rural revitalization, Huitongda remains committed to creating sustainable long-term value for its partners and society. 31/03/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com