Core Viewpoint - Huitongda Network (9878.HK) experienced a significant intraday increase of nearly 12%, reaching a peak of 7.95 HKD, marking a two-week high [1] Group 1: Government Policy Alignment - The government work report on March 5 outlined overall requirements for economic and social development by 2026, with Huitongda Network positioned as a leading industrial internet platform that aligns closely with national policies [1] - The company plays a crucial role in connecting resources, aggregating value, and enhancing the role of private enterprises, integrating new technologies and models such as AI and innovative supply chains into urban and rural circulation [1] Group 2: Market Development and Digital Transformation - Huitongda is focused on deepening the digital transformation of township couple stores, accelerating the release of consumption potential in vast lower-tier markets [1] - The company is advancing the construction of a strong domestic market by leveraging its platform to enhance the efficiency of local businesses [1] Group 3: Technological Innovation - Huitongda is utilizing the "Qiancheng Cloud AI Intelligent Model" to empower the entire urban and rural circulation industry chain, supply chain, and retail entities [1] - The company promotes the digital and intelligent upgrade of traditional industries through various innovative models, including integrated production and sales, B2F, and omnichannel operations [1]

Group 1 - The board meeting of HuTongDa Network (09878.HK) is scheduled for March 30, 2026, to consider and approve the company's and its subsidiaries' full-year performance for the year ending December 31, 2025, and its release [1] - The meeting will also consider the proposal for the distribution of a final dividend, if any [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Huitongda Network Co., Ltd. 匯通達網絡股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9878） 董事會會議日期 匯通達網絡股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈，董 事會會議將於2026年3月30日（星期一）舉行，藉以（其中包括）考慮及批准本公司 及其附屬公司截至2025年12月31日止年度之全年業績及其發佈，並考慮建議派發 末期股息（如有）。 承董事會命 匯通達網絡股份有限公司 董事長 汪建國 中華人民共和國，南京 2026年3月17日 於本公告日期，董事會包括董事長及非執行董事汪建國先生；執行董事徐秀賢先 生、趙亮生先生及孫超先生；非執行董事蔡仲秋先生；及獨立非執行董事虞麗新 女士、劉向東先生及刁揚先生。 ...

Core Insights - Apple launched the new iPhone 17e and M4 chip iPad Air on March 2, 2023, targeting the lower-tier market with a pricing strategy that aligns with consumer purchasing power [1] Group 1: Product Launch - The iPhone 17e features significant improvements in performance and battery life compared to its predecessor [1] - The starting price for the 256GB model is set at 4,499 yuan, making it more accessible for consumers in lower-tier markets [1] Group 2: Distribution Strategy - Huitongda's subsidiary "Home Express" will officially launch the new products in its authorized stores nationwide on March 11, 2023, ensuring timely access for consumers [1] - Since 2021, Huitongda has been an important authorized distributor for Apple in China, focusing on the operation and service of electronic industry membership stores in county and town markets [1] Group 3: Market Development - Huitongda's "Home Express" aims to provide a similar purchasing experience for local consumers as that of urban consumers, covering aspects from product availability to service and after-sales support [1] - The company is upgrading its stores through various methods to create a digital store that integrates online, offline, community, and AI operations, helping more entities in lower-tier markets to sell effectively and increase profits [1]

Group 1 - Apple launched the new iPhone 17e and M4 chip iPad Air on March 2, with significant improvements in performance and battery life compared to previous models [1] - The iPhone 17e is priced starting at 4,499 yuan for the 256GB version, making it more accessible to consumers in lower-tier markets [1] - Huitongda's subsidiary "Home Express" will officially launch the new products in its authorized stores nationwide on March 11, allowing consumers in lower-tier markets to purchase the spring new products promptly [1] Group 2 - Huitongda has been an important authorized distributor for Apple in China since 2021, focusing on the operation and service of electronic industry membership stores in county and town markets [1] - The "Home Express" stores are upgrading through various methods to create a digital store that integrates online, offline, community, and AI operations, helping more entities in lower-tier markets to sell effectively and increase profits [1]

Core Insights - The government work report outlines the overall requirements for economic and social development by 2026, emphasizing the role of companies like 汇通达 in aligning with national policies and enhancing the digital transformation of rural markets [1] Group 1: Economic Development and Market Strategy - 汇通达 is positioned as a leading industrial internet platform, integrating new technologies and models such as AI and innovative supply chains into urban and rural circulation, thereby accelerating the upgrade of county-level commercial systems [1] - The company is focusing on the digital transformation of rural stores, utilizing its self-developed "千橙云AI智能大模型" to provide precise product selection, intelligent replenishment, and marketing decision support, enhancing consumer experience in rural areas [1] - 汇通达 is expanding into new retail sectors like "hard discount" and "bulk snacks," employing a diversified model of self-operated, member store franchises, and socialized franchises to stimulate consumer demand in both urban and rural markets [1] Group 2: Technological Innovation and Industry Integration - 汇通达 leverages its "千橙云AI智能大模型" to empower the entire supply chain and retail sectors, creating smart manufacturing cases in industries such as home appliances and furniture, promoting the digital transformation of traditional industries [2] - The company has acquired a leading domestic "AI+BI" firm, "认知边界," to accelerate the smart transformation of e-commerce merchants and has taken control of a high-end manufacturing listed company, "金通灵," to facilitate the transition from high-end manufacturing to cutting-edge technology [2] - Looking ahead, 汇通达 aims to build a smart technology product service platform driven by "intelligent agents and big data," providing comprehensive support for hard tech companies in areas like AI, robotics, and brain-machine interfaces [2] Group 3: Rural Revitalization and Social Responsibility - 汇通达 is committed to its mission of improving farmers' lives by integrating technology and training resources to promote new skills and technologies in rural commercial markets, fostering new agricultural businesses and individuals [3] - The company focuses on talent revitalization and circulation revitalization to inject sustainable development into the rural economy [3]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 匯通達網絡股份有限公司 呈交日期: 2026年3月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09878 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 180,266,339 | RMB | | 1 | RMB | | 180,266,339 | | 增加 / 減少 (-) | | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 180,266,339 | RMB | | 1 | RMB | | 180,266,339 | | 2. 股份分類 | 普通股 ...

Core Insights - The snack retail industry is undergoing significant consolidation, with Huaitongda Network partnering with Hunan snack chain brand Snack Preferred to establish a joint venture for exclusive operations of the "Snack Preferred" brand [1] - The joint venture aims to integrate resources and accelerate the expansion of snack and hard discount retail markets [1] Company Overview - Huaitongda Network is a leading industrial internet platform in China, listed on the Hong Kong Stock Exchange in February 2022, with a retail ecosystem covering 21 provinces and municipalities and over 26,000 towns by mid-2025 [1] - Snack Preferred operates over 2,800 stores across more than 10 core provinces in China, collaborating with over 1,000 upstream suppliers and offering more than 4,000 SKUs [2] Market Dynamics - The snack retail industry is experiencing increasing concentration, with major players like Mingming Hen Mang and Wancheng Group forming a duopoly, collectively operating nearly 40,000 stores and holding over 70% market share [2] - Smaller regional brands continue to thrive, with Snack Preferred positioned as a mid-tier brand focusing on regional markets [2][3] Strategic Initiatives - The joint venture will leverage Huaitongda's strengths in platformization, ecological integration, capitalization, and AI to empower Snack Preferred [1] - The integration will include connecting Snack Preferred's existing store network with Huaitongda's extensive membership store system and introducing hard discount products [1] Competitive Landscape - Snack Preferred's strategy may involve focusing on differentiated product offerings to avoid direct price competition with leading brands, potentially establishing a "regional king" status [3] - The success of the partnership will depend on the depth of resource integration and the effective implementation of technology to reduce operational costs and improve turnover rates [3]

Group 1 - The core viewpoint emphasizes the integration of innovative technologies and application scenarios into the entire circulation chain in urban and rural areas, which will inject strong momentum into domestic economic development and rural revitalization [2] - The company, Huitongda, aims to leverage AI and smart supply chain capabilities to provide quality services across the industry chain, supply chain, retail stores, and consumers, thereby expanding domestic demand, promoting consumption, and facilitating circulation [2] - The initiative is positioned to improve the quality of life for farmers, highlighting the company's commitment to enhancing rural living standards through technological advancements [2]

Core Insights - The snack retail industry is undergoing significant consolidation, with Huaitongda Network partnering with Hunan snack chain brand Snack Selection to form a joint venture for exclusive operation of the "Snack Selection" brand [2][3] - The joint venture aims to integrate resources and accelerate the expansion of snack and hard discount retail markets, leveraging Huaitongda's extensive supply chain and digital capabilities [2] Group 1: Company Overview - Huaitongda Network is a leading industrial internet platform in China, listed on the Hong Kong Stock Exchange since February 2022, with a retail ecosystem covering over 26,000 towns across 21 provinces and municipalities by mid-2025 [2] - Snack Selection operates over 2,800 stores across more than 10 core provinces in China, collaborating with over 1,000 upstream suppliers and offering more than 4,000 SKUs [3] Group 2: Market Dynamics - The snack retail industry is seeing increased concentration, with major players like Mingming Hen Mang and Wancheng Group forming a duopoly, collectively operating nearly 40,000 stores and holding over 70% market share [3] - Smaller regional brands, including Snack Selection, are exploring strategies to differentiate themselves and avoid direct price competition with larger players by focusing on unique product offerings [4] Group 3: Strategic Implications - The success of Snack Selection's partnership with Huaitongda will depend on the depth of resource integration and the effective implementation of technology to reduce operational costs and improve turnover rates [4] - There remains potential for smaller brands to thrive in lower-tier cities and county markets, provided they can quickly adapt to digital transformation and solidify their regional presence [4]