格隆汇11月25日丨汇通达网络(09878.HK)公告，11月25日耗资102.4万港元回购10.1万股，回购价格每股 9.88-10.14元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 匯通達網絡股份有限公司 呈交日期： 2025年11月25日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 09878 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存 ...

Core Insights - S&P Global's Corporate Sustainability Assessment (CSA) results for HuTongDa Network Co., Ltd. show a significant improvement in scores, with the overall CSA score rising from 25 to 60, an increase of 35 points, and the ESG score increasing from 30 to 61, a rise of 31 points, placing the company in the top 4% globally within its industry [1][3][4] Group 1: Performance Metrics - HuTongDa Network ranks 7th globally and 1st among its Chinese peers in the CSA, indicating a leading position in governance, transparency, and sustainability performance [1][3] - The company achieved a CSA score of 67 in the social dimension, which is more than double the industry average, reflecting its strong service to over 250,000 small-town shops [3][4] - In governance and economic dimensions, HuTongDa scored 64, attributed to its smart supply chain and digital governance capabilities [3] Group 2: Management Practices - The company has established robust management processes in water resources, waste, and energy consumption, achieving a score of 41 in the environmental dimension, which is significantly above the industry average [3][4] - HuTongDa's management system for water resources received a perfect score, showcasing its commitment to effective environmental management [4] Group 3: Disclosure and Transparency - The company has improved its sustainability information disclosure, with mandatory and selective disclosure rates reaching 83% and 84%, respectively, indicating a high level of transparency [4] - This enhanced disclosure reflects the maturity of HuTongDa's ESG governance system and its commitment to robust data management and internal controls [4] Group 4: Future Outlook - HuTongDa aims to continue enhancing its ESG framework, aligning with international standards, and improving disclosure quality and governance levels [4] - The company is focused on promoting green, low-carbon, and responsible business practices to contribute greater value to the industry's sustainable development [4]

Core Insights - S&P Global's Corporate Sustainability Assessment (CSA) results for HuTongDa Network show a significant improvement, with the overall score rising from 25 to 60, an increase of 35 points, and the ESG score increasing from 30 to 61, a rise of 31 points, placing the company in the top 4% globally within its industry [1][3] Group 1: Performance Metrics - HuTongDa Network ranks 7th globally and 1st among its Chinese peers in the CSA, indicating a leading position in governance, transparency, and sustainability performance [1][5] - The company achieved a social dimension CSA score of 67, which is more than double the industry average, reflecting its strong service to over 250,000 small-town shops through digital tools and supply chain capabilities [3][4] - Governance and economic dimension scores reached 64, attributed to the company's accumulated wisdom in supply chain and digital governance within rural business scenarios [3] Group 2: Environmental Management - In the environmental dimension, HuTongDa scored 41, significantly above the industry average, demonstrating solid management practices in water resources, waste, and energy consumption [4] - The company achieved full marks in water resource management, showcasing its effective management systems and comprehensive disclosure practices [4] Group 3: Disclosure and Governance - The substantial score increase is linked to the company's enhanced quality of sustainability information disclosure, with mandatory and selective disclosure rates reaching 83% and 84%, respectively, indicating high transparency [4] - HuTongDa Network aims to continue improving its ESG framework, aligning with international standards, and enhancing disclosure quality and governance levels to contribute greater value to industry sustainability [5]

Core Viewpoint - The capital market is increasingly focused on companies that integrate "technology + consumption," possess "AI implementation capabilities," and demonstrate "digital integration with the real economy," with Huitongda Network being a prime example of such a company [1] Group 1: Strategic Moves - Huitongda Network announced a significant acquisition of 57% equity in the intelligent technology company Cognitive Boundary for 456 million RMB, marking a substantial step in its "smart supply chain" and "AI+" dual strategy [1] - The acquisition is expected to enhance Huitongda's full-stack AI capabilities and position it to seize new opportunities in business intelligence [1][4] Group 2: Market Positioning - Huitongda's business model aligns with China's "14th Five-Year Plan," focusing on domestic circulation and rural revitalization, having established a network serving over 250,000 rural stores across 21 provinces [2] - The company has effectively integrated AI technology into retail and supply chain operations, with AI tools improving operational efficiency by over 30% and reducing inventory turnover periods by more than 15% [2] Group 3: Financial Health - Huitongda's financial indicators have shown steady improvement, with a 65.7% year-on-year increase in operating cash flow, indicating strong self-sustaining capabilities [7] - The acquisition of Cognitive Boundary is projected to further enhance Huitongda's earnings, with the latter committing to a minimum net profit of 85 million RMB, 100 million RMB, and 115 million RMB for the years 2026 to 2028 [7] Group 4: Future Outlook - The company is well-positioned to benefit from the national strategy of "digital and real economy integration," with a unique advantage in combining industry, technology, and capital [7] - Huitongda is expected to play a crucial role in rural revitalization and urban-rural integration, with its valuation likely to be restructured as the market gains a deeper understanding of its business model [8]

Core Viewpoint - The capital market is increasingly focused on companies that integrate "technology + consumption," possess "AI implementation capabilities," and demonstrate "digital integration with the real economy," with Huitongda Network being a prime example of such a company [1]. Group 1: Strategic Developments - Huitongda Network announced a significant acquisition of 57% equity in the intelligent technology company Cognitive Boundary for 456 million RMB, marking a substantial step in its "smart supply chain" and "AI+" strategies [1]. - The company has established a strong presence in the underdeveloped market, serving over 250,000 family-run stores across 21 provinces in China, aligning with the national "14th Five-Year Plan" [2]. - Huitongda's business model is well-aligned with national strategies, particularly in rural revitalization and county-level commercial system construction, which may lead to sustained policy benefits [2]. Group 2: AI Integration and Efficiency - Huitongda has effectively integrated AI technology into retail and supply chain operations, developing 24 AI agents that enhance operational efficiency by over 30% and reduce inventory turnover periods by more than 15% [2]. - The partnership with Alibaba Cloud aims to create a closed-loop system of "data-algorithm-decision," enhancing Huitongda's AI capabilities and customer service efficiency [3]. Group 3: Resource Integration and Market Position - The acquisition of Cognitive Boundary, a leading player in the "BI + AI" sector, will enhance Huitongda's resource integration capabilities, allowing for deeper collaboration in the new retail era [4]. - Huitongda's "industry + capital" strategy is built on solid industrial foundations and efficient capital operations, positioning the company to capitalize on market and policy opportunities [5]. Group 4: Financial Performance and Growth Potential - Huitongda's financial indicators have shown steady improvement, with a 65.7% year-on-year increase in operating cash flow, indicating strong self-sustainability and financial health [7]. - The acquisition is expected to further enhance the company's performance, with Cognitive Boundary committing to a minimum net profit of 85 million RMB, 100 million RMB, and 115 million RMB for the years 2026 to 2028 [7]. - The company is well-positioned to benefit from the national strategy of "digital and real economy integration," potentially leading to higher valuation premiums in the capital market [7]. Group 5: Future Outlook - Huitongda is at a critical juncture for strategic implementation and value realization, with a clear "industry + capital" path and solid AI achievements [8]. - The company is expected to play a key role in rural revitalization and the cultivation of new productive forces, with significant long-term growth potential [8].

Core Viewpoint - HuTongDa Network (09878.HK) has signed an equity acquisition agreement with cognitive boundary, planning to acquire 57% of its shares for 456 million yuan, which will enhance its AI product matrix in retail scenarios [1] Group 1: Acquisition Details - The acquisition will allow cognitive boundary to become a subsidiary of HuTongDa, with its financial statements incorporated into the listed company [1] - The performance commitment states that cognitive boundary's net profit attributable to the parent company will not be less than 85 million yuan, 100 million yuan, and 115 million yuan over the next three years [1] Group 2: Strategic Implications - This acquisition is seen as a significant capital operation to strengthen HuTongDa's "industry empowerment" capabilities, enhancing its "5+ empowerment" model [1] - The integration of cognitive boundary's AI technology with HuTongDa's self-developed "QianCheng Cloud AI Model" is expected to improve operational efficiency for 251,000 member stores [1] Group 3: Data Integration - Cognitive boundary manages over 16,000 e-commerce stores with an annual sales control exceeding 140 billion yuan, which will integrate with HuTongDa's offline market data [2] - This integration aims to create a unique "online + offline + community" data platform for precise decision-making support [2] Group 4: Training and Support - Cognitive boundary's team of over 150 e-commerce experts will provide practical training for over 250,000 small-town stores and brand factories [2] - The focus will be on enhancing the grassroots capability of selling products through practical and scenario-based training [2] Group 5: Product and Supply Chain - The collaboration will enhance the supply of quality products in the lower-tier market by integrating cognitive boundary's brand resources with HuTongDa's existing supply chain [2] - This is expected to strengthen HuTongDa's control over core categories and improve the competitiveness of its private label and smart supply chain [2] Group 6: Marketing Enhancement - Cognitive boundary's advanced AIGC content tools and marketing automation capabilities will complement HuTongDa's existing agents [2] - This synergy is anticipated to systematically enhance the digital marketing efficiency of member stores across various platforms [2] Group 7: Strategic Execution - HuTongDa's recent steps, including the development of SaaS products and partnerships, align with its strategy to empower member stores and upstream partners [3] - The acquisition of cognitive boundary is a clear execution of this strategic direction [3]

Core Viewpoint - Huitongda Network (09878.HK) has signed an equity acquisition agreement to acquire 57% of Cognitive Boundary for 456 million RMB, aiming to enhance its AI product matrix in retail scenarios [1] Group 1: Acquisition Details - The acquisition will allow Cognitive Boundary to become a subsidiary of Huitongda, with its financial statements incorporated into the listed company [1] - Cognitive Boundary is expected to achieve net profits of no less than 85 million, 100 million, and 115 million RMB over the next three years [1] Group 2: Strategic Implications - This acquisition is seen as a significant capital operation to strengthen Huitongda's "industry empowerment" capabilities, enhancing its "5+ empowerment" model [1] - The integration of Cognitive Boundary's AI technology with Huitongda's existing systems is expected to improve operational efficiency for 251,000 member stores [1] Group 3: Data Integration - Cognitive Boundary manages over 16,000 e-commerce stores with an annual sales control exceeding 140 billion RMB, which will be integrated with Huitongda's offline market data [2] - This integration aims to create a unique "online + offline + community" data platform for precise decision-making support [2] Group 4: Training and Support - Cognitive Boundary's team of over 150 e-commerce experts will provide practical training for over 250,000 small-town stores and 1,000 brand factories [2] - The focus will be on enhancing grassroots selling capabilities through scenario-based training [2] Group 5: Product and Marketing Enhancement - The collaboration will enhance the supply of quality products in the lower-tier market by integrating Cognitive Boundary's brand resources with Huitongda's supply chain [2] - The use of Cognitive Boundary's AIGC content tools and marketing automation is expected to improve digital marketing efficiency across various platforms [2] Group 6: Strategic Execution - Huitongda's recent steps, including the development of SaaS products and partnerships with major cloud services, align with its strategy to empower member stores and upstream partners [3]

Summary of Key Points Core Viewpoint - As of November 21, 14 stocks reached their 52-week highs, with Hengfa Optical (01134), Chaowei Holdings (08059), and Cassava Resources (00841) leading the gains at 42.11%, 30.56%, and 22.49% respectively [1]. 52-Week Highs - Hengfa Optical (01134) closed at 0.375, with a peak price of 0.540, marking a 42.11% increase [1]. - Chaowei Holdings (08059) closed at 0.030, reaching a high of 0.047, reflecting a 30.56% rise [1]. - Cassava Resources (00841) closed at 0.200, with a maximum price of 0.207, indicating a 22.49% increase [1]. - Other notable stocks include Sibor Systems (08319) at 15.04%, MOS HOUSE (01653) at 11.46%, and Tianjin Jianfa (02515) at 5.19% [1]. 52-Week Lows - China Pengfei Group (03348) reached a low of 1.100, down 20.09% from its peak [1]. - China Information Technology (08178) closed at 0.285, reflecting a 19.35% decrease [1]. - XL Ernan Strategy - U (09799) saw a decline of 14.27% [1]. - Other significant declines include Hesai - W (02525) at -10.54% and MBC Bitcoin - U (03425) at -9.09% [1]. Additional Notable Stocks - Stocks like MBC Bitcoin (03430) and Tongyuan Kang Pharmaceutical - B (02410) also experienced declines of 6.64% and 6.62% respectively [2]. - The overall trend indicates a mix of significant gains in certain stocks while others are facing substantial losses, reflecting a volatile market environment [1][2].

11月19日，港股公司汇通达网络（09878.HK）发布公告称，解聘副总裁及董事会秘书倪娟。解聘理由一是倪娟隐瞒了在证监会新疆监管局及上海证券交易 所的违规记录，二是倪娟任职期间未达成绩效目标。 随后，11月20日凌晨，倪娟向媒体发布书面署名声明，反驳汇通达网络说法，称自身无隐瞒且绩效合格，并指汇通达网络单方面修改考核指标设置障碍。目 前倪娟已向南京市玄武区人民法院提起诉讼。 从过往履历来看，倪娟曾是资本市场的"金牌"董秘。 2012-2023年，倪娟担任广汇能源董事、副总经理及董事会秘书，长期负责资本市场与投资者关系工作。2021年，她获评新浪财经第七届"金麒麟·金牌董 秘"，2022年，以广汇能源董秘、副总经理身份在多场论坛发言。2023年7月，倪娟正式加入汇通达网络，出任副总裁及董事会秘书，负责公司治理、资本市 场沟通。 公开资料显示，汇通达网络是中国领先的利用数字化技术和供应链能力赋能服务乡镇夫妻店的产业互联网公司，2022年2月18日在香港联交所主板上市。 财务方面，2025年上半年，汇通达网络收入为243.42亿元；经营利润为3.56亿元，同比增长15.9%；归母净利润为1.39亿元，同比增长10 ...